Property Management News
Do you routinely check the rental rates of competing apartment communities in your marketplace? Does this data influence how you set and adjust your community’s rent prices? If your answer is ‘Yes’ to both—which, if you’re like many multifamily operators, is likely the case—then it might be time to readdress your pricing strategy. That’s because relying on competitor pricing when setting your rents can cause your community more harm than good. We’ll explain the pitfalls of competitor rent price comparisons and why you must refocus on your communities’ unique data points to set optimal prices instead. Pitfall No. 1: Competitor pricing lags... Read more
Looking to generate some solid passive income? Investing in vacation rental properties can be a fantastic way to bring in ongoing profits, especially if you strategize...
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...
One of the benefits to investing in both multifamily and real estate in general is that you receive returns in several different manners. This helps to diversify risk...
We’re well into tax season now, and that means it’s time to start prepping those tax returns. While it’s typically not a fun task, there’s...
Multifamily rents are creeping up as spring approaches, and many locations saw rents rise slightly in February, according to Yardi Matrix. Metros in the Northeast and Midwest saw gains to counteract the rent declines in areas that saw strong new apartment inventory coming online. Yardi Matrix says some of the Sun Belt metros have investors worried about the impact of new apartment unit deliveries. Highlights of the Yardi Matrix February report Multifamily rents rose slightly in February, their first increase in seven months, in a sign that the market is stable. The average U.S. asking rent rose $1 during the month to $1,713, while year-over-year growth was unchanged at 0.6%. The... Read more
You’d like to expand your investment portfolio of rental homes but today’s hot market for single-family houses has removed any chance of turning a profit for...
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...
In today’s fast-paced world, finding ways to grow your wealth while you sleep is a dream many aspire to achieve. One avenue that savvy investors are exploring is...
Multifamily real estate investments are often hailed for their potential to provide substantial cash flow, tax benefits, and property management ease. These properties,...
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