Property Management News
Multifamily owners and operators can support residents in boosting their fiscal fitness with insights from the 2024 NMHC and Grace Hill Renter Preferences Survey Report. Understanding the needs and concerns of renters is crucial for providing exceptional service. Renters today are focused on their financial fitness, and the 2024 NMHC and Grace Hill Renter Preferences Survey Report shows how owners and operators can help residents with their financial goals. Multifamily owners and operators can integrate innovative and user-friendly financial options into the marketing and management of their properties. This not only offers the ability to attract new renters and retain current renters,... Read more
Think you've got the best apartment community in your city yet struggling to retain residents? We get it. In the ever-changing landscape of apartment life,...
In the ultra-competitive world of multifamily property management, your online reputation is more crucial than ever. The importance of actively managing and responding...
2023 was a volatile year for the multifamily industry. Demand patterns and rent prices returned to a post-pandemic normal, but apartment communities' operating...
In most states, landlords are required to give tenants 30-60 days’ written notice before selling their rental property. This is to allow tenants sufficient time to...
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
Operators are always striving to create a better resident experience that has a lasting impact. For many, that begins with establishing quality relationships that...
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...
It’s common knowledge that one way to get a good deal on a home is to buy one that is in foreclosure. The current owner has defaulted on their mortgage payments and...