Property Management News
The government-sponsored enterprise will cover the costs of the program for multifamily borrowers for 12 months. Fannie Mae has launched a pilot program to help renters build their credit histories and improve their credit scores. The Multifamily Positive Rent Payment Reporting pilot will allow eligible multifamily property owners to share rent payment data through a vendor network to the three major credit bureaus. This is the latest step in the government-sponsored enterprise’s efforts to bolster equitable access to credit and remove obstacles for those who choose to rent or aspire to be a homeowner. “What’s surprising to me is for years and years one of the biggest expenses for... Read more
City’s Housing Department approved 328 applications in only four months Chicago’s attempts to “gently” expand housing without disturbing neighborhood character...
The rise of co-living, explained. What is old is new again in American cities. People are living with strangers to save money and maintain a higher standard of living...
You need to know these essential strategies when starting an Airbnb business by subleasing. This can be your first step towards creating long-term wealth for you, your...
By Zeona McIntyre, Author of 30-Day Stay: A Real Estate Investor’s Guide to Mastering the Medium-Term Rental Since 2017, I’ve been hearing people comment on how...
In major markets where rents have hit historical highs over the past five years, landlords reported new highs in lease trade-outs as the demand for apartment space persists. New leases signed by renters across the country in June averaged a 19% increase in rental rates compared to what previous tenants paid in the same units, according to data from RealPage. The company’s market analytics report noted all-time highs in lease trade-outs in several cities across the country, including Tampa, Florida; Newark, New Jersey; Raleigh-Durham, North Carolina; and West Palm Beach, Florida. All of these markets saw lease trade-outs of more than 22% compared to previous tenants. Three metros... Read more
If you want to rent your Sedona second home to a local worker, the city will give you a stipend of up to $10,000. Amid a housing crisis, Sedona, Arizona, a popular...
Get insights into how a power play of location, amenities, service, and blazing-fast Wi-Fi can sustain renters by choice. Built in 2002, the 216-unit Verona at Boynton...
ADUs—accessory dwelling units, also sometimes known as granny flats—can have a huge impact on a home’s value. Here’s what you need to know, whether...
Single-room occupancy units have largely disappeared from American cities. But a Philadelphia councilmember has introduced legislation to legalize one of the most...
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