Property Management News
After nearly four years, the country’s largest apartment owners are beginning to see revenue trickle in from units where renters were protected by pandemic-inspired moratoriums from evictions or rising rents. Turning those small revenue streams back on helped multifamily-focused REITs tread water in an increasingly choppy sea, according to fourth-quarter earnings calls. Looming twin waves of loan maturities and construction deliveries have kept rent growth down in recent months, but the REITs eked out razor-thin margins over analysts’ expectations. Small gains and a slow pace seem to be the name of the game as 2024 plays out, boosted slightly by companies’ restored ability to... Read more
Fraud impacting rental housing costs throughout the country is on the rise and includes incidences of fraudulent rental applications, financial and identity fraud, and...
Negotiation strategy requires a grasp of macroeconomic and local factors. During the last year, it’s become clear that multifamily owners and operators have been...
A new report from Zillow reveals the rising costs for renters living alone. The cost of living alone in an apartment has gotten even pricier, according to a new report...
The U.S. Department of Justice has secured an agreement for landlords to pay $500,000 in damages in a sexual harassment lawsuit involving the sexual harassment of...
For this generation, job opportunities outweigh the cost of housing High rents don’t seem to bother Gen Z when deciding where to move. Even though three-quarters of this generation rent, some of their most popular destinations were also states with rent costs well above the national median. The list of the top 10 states that Gen Z chooses includes California, where rent runs $1,856 per month, compared to the $1,300 national median. While 215,000 residents left California in 2022, 44,000 Gen Z adults moved in. But among all movers heading elsewhere, California did not even make the top 10 as a place to move to. Other expensive destination states that attracted Gen Z were Washington... Read more
A strong jobs market has boosted Yardi Matrix’s forecast of apartment rent growth in 2024. The analytics firm reported Thursday that multifamily asking rents broke...
In People vs. Commons West, LLC, the Cortland County New York Supreme Court ruled the New York Source of Income Antidiscrimination statute (“SOIA”) to be...
Financing opportunities and federal funds are available to multifamily if you just know where to look Illinois Sen. Everett Dirksen, perhaps the last great Congressional...
Have you filed your taxes yet? If not, read on — April has a tendency to sneak up on even the savviest of taxpayers, and there are several important dates you should...
Accessibility