Property Management News
From voice search and chatbots to sharper virtual representatives, this type of artificial intelligence is getting more important in operations. Long gone is the time when robot assistants existed solely in the Jetsons. With the first quarter of the “new” millennium nearly gone, voice search and voice-based technologies have been part of our tech landscape for years. Siri and her contemporaries have been part of our world for well over a decade. And in recent years, the real estate sector has been keeping up, sometimes quietly but often doggedly. Perhaps more than any space, leasing has been at the center of voice search and voice tech adoption. For many of these firms, AI-powered... Read more
Sustained high interest rates in the U.S. have made mortgages unpalatable to many, though the Federal Reserve recently signaled an end to more rate hikes. There has...
Chronic housing shortages raise value for market-rate multifamily products, but affordable supply still falls way short of demand. Demand for market-rate multifamily...
Multifamily parking has a significant influence on reputation and is one of the most mentioned amenities in all levels of reviews of multifamily...
National rent prices finally moved up slightly in February after six months of declines, according to the March report from Apartment List. “This turnaround is in...
A landlord can increase rent by up to a certain percentage or amount specified by local rent control laws. Rent increases are subject to local rent control laws which dictate the maximum percentage or amount by which a landlord can raise the rent. These laws vary depending on the jurisdiction and can range anywhere from a few percentage points to a specific dollar amount. Rent control regulations seek to prevent excessive rent hikes and protect tenants from unreasonable increases. Landlords must familiarize themselves with the specific rent control laws in their area and adhere to the allowed increase limits. Failure to comply with these laws may result in legal consequences for... Read more
Brokers’ fees are generally the most significant portion of upfront costs. Moving is always a major pain — but new data shows that, for New Yorkers, it’s also...
Millions of homes across the U.S. are already vulnerable to climate change, according to a new study. Approximately 41% of occupied rental units, or 18.2 million...
According to the Garn-St. Germain Depository Institutions Act of 1982, a mortgage lender may not exercise its option pursuant to a due-on-sale clause for...
The National Multifamily Housing Council (NMHC) has released their Pulse Survey on Operational Impact of Rental Application Fraud and Bad Debt, which was conducted from...
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