Property Management News
Rent Prices Dropping Across All Unit Sizes Median rent declined across units in all size categories examined by realtor.com. Studio rents dropped to $1,430 per month, down $25 (-1.7%) year over year; 1-bedrooms fell to $1,593, down $35 (-2.1%) year over year; and 2-bedrooms, which experienced the highest growth rate over the past six years, registered the largest declines, landing at $1,897, down $42 (-2.2%) year over year. Why Renters Are Ready to Move With rents easing, more renters are exploring a move. When rents rose in 2021–2022, nearly 80% of renters stayed put, with mobility around 20.8%. Census data shows renter mobility edged up in 2023 (21.5%) and continued to rise in 2024... Read more
Key Takeaways It’s now twice as expensive to own than rent in many markets, pushing even high-income households to remain renters in core metros. Developers are...
You’ve marketed apartments for decades. Or maybe you’re new to multifamily. Either way, you’re facing the same challenge right now: AI is changing how renters...
The burgeoning build-to-rent (BTR) sector appeals to residents spanning a range of life stages and generations, according to Halstatt Real Estate Partners (HREP),...
As the crisp chill of autumn begins to settle in, landlords and property managers face a familiar seasonal challenge: ensuring their apartment building’s boiler...
After multifamily REITs set near-record renewal rates through the first half of the year, renters are starting to look for new options that save them money or increase their square footage. Apartment asking rents fell 2.2% in August, the 25th month in a row for year-over-year declines and the first month-over-month decrease since March, according to the Realtor.com August Monthly Rent Report. The $38 decrease in the nation’s 50 largest metros brought the median asking rent to $1,713, which was still nearly $250 higher than the pre-pandemic level. Median rents dropped across all apartment size categories, which coincides with the expected seasonal slowdown. Two-bedroom units... Read more
Unraveling the mystery of 1031 exchanges and some exceptions for the taxpayer and rules on the same taxpayer. In a 1031 exchange transaction, it is often said that legal...
Key Takeaways Miami tops the list of the nation’s most competitive rental markets again, with Chicago right behind it. Chicagoland demand is surging, while...
Consumers are making strategic choices to protect essential assets and manage financial obligations, a trend that has led to a dip in average FICO scores over the past...
Two Wisconsin landlords will pay $20,000 to settle an emotional support animal case involving cats and rats, that accused them of discriminating against tenants who have...
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