Property Management News
Multifamily demand is likely to remain healthy in 2024, though rent growth will be tested by decelerating economic growth and a rapid supply uptick in some markets, Yardi Matrix says in the 2024 U.S. Multifamily Outlook. The report says the higher interest-rate environment will stress property values and threatens to increase loan defaults. However, interest rates have probably peaked. “Our expectations are that economic growth will be weak in 2024, with a soft landing the baseline likelihood, and that property owners should prepare for rates to remain higher than normal through most of the coming year,” the report says. Multifamily rent growth also continues to decelerate and... Read more
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...
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 line with the rental market’s typical seasonal pattern, as we transition into the time of year when moving activity starts to gradually pick back up after bottoming out around the holidays,” the Apartment List Research Team writes in the report. Rent prices ticked up 0.2 percent in February and currently the nationwide median rent stands at $1,377. Rent inflation is receding The Apartment List report says the rental market slowdown in gradually showing up in inflation numbers and has been visible in their reports over... Read more
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...
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...
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