Property Management News
The American dream might be to own your own home, but that doesn’t mean you necessarily have to live in it. Increasingly, Americans are renting in one (often pricey) location and then buying an investment property in a more affordable place. Dubbed “rentvesting,” this practice is taking off across the country. “I had a young couple as clients who lived and worked in Springboro where the real estate market is prohibitively expensive for many first-time homebuyers,” says Mike Wall, a real estate agent in Ohio with eXp Realty/EZ Sell Homebuyers. “Despite their high earnings, they could not afford to buy a home in the city without significantly compromising on size or... Read more
Multifamily buildings seeking any possible extra source of cash flow and operators looking to attract a new type of nomadic tenant are adding short-term rentals to their...
For apartment communities, there is massive change ahead regarding refrigerants. While the changes are not at the technician level yet – and won’t be until later...
Artificial Intelligence (AI) has become a focal point of discussions across various sectors, including housing, as its transformative potential and challenges come to...
Apartment residents talk most often about customer service and maintenance within their online reviews, suggesting that when residents think about their living...
The chair of the Federal Trade Commission said using artificial intelligence to inflate rent prices isn’t going to fly with the government, as federal investigations into price-gouging are proceeding across the country. “One thing that we at the Federal Trade Commission have been crystal clear about is that there is no AI exemption to the laws on the books,” FTC Chair Lina Khan said at Georgia Tech on Friday, Atlanta News First reported. “In the same way that price-fixing is illegal if you’re kind of going in a back room and shaking hands, price-fixing is still illegal if you’re doing it through an algorithm.” The FTC wants to make sure AI isn’t being used by real... Read more
The city of Los Angeles currently allows landlords to increase rents above what’s permitted in other Southern California cities with rent control. Earlier this year,...
In an effort to tackle California’s affordable housing crisis, San Jose will allow property owners to sell ADUs on their property. San Jose becomes the first city in...
One in six (16.6%) U.S. renters stayed in their home for 10 years or more in 2022, up from 13.9% a decade earlier. That’s according to a new report from Redfin...
As apartment owners and operators clamor to offer more attractive communities than their competitors, it can seem like a creativity contest at times. The temptation to...
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