Property Management News
The U.S. Treasury Department’s financial crimes unit proposed a long-awaited draft rule Wednesday aimed at stemming the tide of illegal cash funneled through real estate. The Financial Crimes Enforcement Network’s plan, to be published Feb. 16, would require real estate professionals involved in all-cash residential real estate transactions to flag suspicious activity. Treasury Secretary Janet Yellen last year estimated that criminals laundered $2.3B through U.S. real estate between 2015 and 2020, Reuters reports. Rules for financial institutions to report suspicious activity to regulators have been in place for years, but cash real estate transactions have... Read more
Renter application fraud has become a growing nuisance for apartment owners like Camden Property Trust, as more and more tenants provide fake documents to sign a lease...
A very expensive time clock starts when someone moves out of a unit at one of your apartment communities. From that day forward, your community begins to lose rent...
The real estate investment landscape is undergoing a major shift, with co-living spaces rapidly emerging as an innovative new asset class shaping the future of the...
As a housing provider, do you really know the changing priorities of renters a new survey study asks. The new report from the National Multifamily Housing Council...
Multifamily industry experts share their advice on handling value-add renovations to achieve the best possible outcomes. Before creating any new strategy in multifamily, establishing solid market research and supporting numbers of investment returns are key to its success. Approaching potential value-add properties are no exception. From quick cosmetic fixes to upgrading major systems, value can be found in properties that once were shiny and new. However, implementing the right upgrades can prove tricky without proper understanding of each community’s market and the residents who call it home. First and foremost, Sean Burton, CEO of Cityview, says, “Operators really need to be able to... Read more
The Department of Housing and Urban Development (HUD) announced in October 2023 that mortgage lenders may count income from accessory dwelling units (ADUs) when...
The Advantages of Turnkey Multifamily Properties For investors seeking to expand their portfolio, turnkey multifamily properties offer a unique opportunity for growth....
Diversification is a key strategy for any successful real estate investor, and the multifamily sector offers numerous opportunities to build a diverse and profitable...
After a year of slow rent growth and high interest rates, apartment owners that have enjoyed years of profitability are seeking improved efficiency through the increased...
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