Property Management News
In today’s financial landscape, a good credit score is more important than ever. It can influence everything from loan approvals to interest rates and even job opportunities. Traditionally, credit scores have been built through credit card usage, loan repayments, and other forms of debt. However, a new player is emerging in the credit-building arena: positive rent reporting. What is Positive Rent Reporting? Positive rent reporting is the practice of submitting renters’ monthly on-time payments to credit bureaus. This information is then included in the calculation of a consumer’s credit score. Unlike traditional methods of building credit, which often require taking on debt,... Read more
National REITs like Avalon Bay Communities and local investor-operators have completed many ADU projects, are pleased with the results, and plan to keep building...
Key Takeaways Over 54% of market-rate apartment renters renewed leases in the year ending October 2024, up 120 bps from the previous year. With record-high apartment...
Imagine this: You’ve spent months revamping your apartment website and are investing more in digital ads. Your traffic and lead data show that your new marketing...
Multifamily leaders are banding together in response to the devastating wildfires that have destroyed as many as 12,000 structures and displaced tens of thousands of...
Gov. Gavin Newsom issued an executive order Friday prohibiting landlords in Los Angeles County from evicting tenants who open their doors to wildfire victims. “At a time when so many have been suddenly displaced, we need more housing and shelter than ever. Opening your place of residence to help shelter those in need is not only encouraged and generous, but deserves to be protected,” Newsom said in a statement. Specifically, the order prohibits landlords from “using the unlawful detainer process… to evict a tenant for violating a term of their lease that would otherwise prohibit them from sheltering one or more people displaced by the recent emergency,” a news release said. The... Read more
The Fair Housing Act (FHA) requires property managers to provide reasonable accommodations for residents with disabilities to ensure equal access and enjoyment of their...
National REITs like Avalon Bay Communities and local investor-operators have completed many ADU projects, are pleased with the results, and plan to keep building...
The multifamily vacancy rate fell to 5.3% in the third quarter, down from 5.5% at the end of June, according to CBRE. Renters absorbed 153,300 units, one of the highest...
ADUs (Accessory Dwelling Units) and tiny houses have become distinctive living solutions in compact living. Understanding these options’ differences is crucial for...
Accessibility