Property Management News
Another report is shedding light on increased fraud in the multifamily industry. According to new research from TransUnion’s tenant and employment screening business, 6 out of 10 property managers have experienced fraud in the past two years. More concerning, according to TransUnion, is that 38% of property managers didn’t identify the fraud until after the applicant moved into their new rental. In addition, 49% reported applicant-based fraud to be an issue for their companies. “Once fraudsters become residents, the dangers and damages only compound,” said Maitri Johnson, senior vice president of TransUnion’s tenant and employment screening business. “Delinquencies and evictions... Read more
Gracing the parking garage walls of Grubb Properties’ Link Apartments NoDa 36th in Charlotte, North Carolina, the NoDa Cloud Wall is a multidimensional art...
A full 50% of moves in 2024 will be renters with small move sizes, predicts one report based on moving-company request trends. Looking ahead to the warm-weather moving...
In response to the escalating strain on housing affordability, Home Depot, a leading home improvement retailer ranked No. 20 on the Fortune 500 list, has continued to...
The current rise in application fraud is alarming. As a result of it, alert landlords now routinely request bank statements to determine cash flow and pay stubs to...
In a landmark settlement, a property management company and its landlord have agreed to pay a significant sum following allegations of violating the Servicemembers Civil Relief Act (SCRA). The U.S. Attorney’s Office, Eastern District of Virginia, recently announced the settlement involving a claim between a servicemember homeowner and their landlord and property management company, McGowan Realty LLC, operating as RedSail Property Management. The complaint alleged that the defendants violated the SCRA by imposing early lease termination charges and additional rent on a servicemember. An overview of the Servicemembers Civil Relief Act (SCRA) The SCRA is a federal law enacted to provide... Read more
While the American Dream might have included various components throughout the decades, one constant was the desire to own a home. For modern dreamers, however, that...
Although March 2020 placed a screeching halt on travel and the short-term rental (STR) industry, what has blossomed post-pandemic for multifamily owners and operators is...
The 2024 Atlantic hurricane season starts this Saturday and runs until November 30. According to the National Oceanic and Atmospheric Administration (NOAA), this season...
Overall expenses per multifamily unit rose to $8,950, a 7.1% increase year-over-year (YOY) as of January 2024, according to an examination of more than 20,000...
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