Property Management News
Apartment rents increased faster last year than at any time since 2007, a boon for landlords but one that has stoked concerns about housing affordability for renters. Average effective rents nationwide rose 4.6% in 2015, the biggest gain since before the recession, according to a report by real-estate researcher Reis Inc.The average apartment rent now stands at nearly $1,180, up from about $1,125 a year ago. Another report from Axiometrics Inc., a Dallas-based apartment research company, showed that rents increased 4.7% in the fourth quarter compared with the same quarter a year earlier, the strongest year-end performance since 2005. The fourth quarter “wrapped up an incredible year for... Read more
One of the major challenges landlords will face in 2016 will be wooing tenants in an unstable market. Landlords will have to take more aggressive approaches in signing...
A few times a year, a client will ask whether he or she should invest in a residential rental property. The conversation usually starts out like this, “My neighbor...
It’s become well-known that Seattle’s rental market is fierce. Now, data is showing that the region’s real estate market is just as competitive. How...
Locking the door behind you when you leave your home or apartment may seem like a no brainer, but according to a recent survey of 1,000 renters conducted by the...
A group of Seattle organizations are looking for support to enact legislation banning landlords from automatically rejecting prospective tenants with criminal records. KIRO Radio’s John Curley believes that rather than forcing landlords to do anything, why not entice them with incentives instead. The Seattle Times reports that the Columbia Legal Services is leading a group of Seattle organizations launching a campaign Monday night that’s pushing the city to enact new legislation banning landlords from automatically rejecting all prospective tenants with criminal records. The FARE (Fair Access to Renting for Everyone) campaign has some city council backers and plays into Mayor Ed... Read more
When Eduardo’s roommate moved out of his New York City dorm room before the summer term was finished, Eduardo saw a business opportunity. Here was an empty bed in...
As the holiday season approaches, many landlords and property managers may feel like rewarding their tenants for being respectful and pleasant residents this year. If...
Bad news renters: Don’t expect much relief in 2016. Next year, experts predict rents will rise faster than inflation, increasing around 3%-5% on a national...
MADISON (WKOW) — Landlords in Wisconsin would have a much easier time evicting tenants under a couple of bills in the state legislature. WKOW 27: Madison, WI...
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