Property Management News
The Los Angeles City Council on Tuesday approved a law that will require hosts of short-term rentals, including Airbnbs, and hotels to obtain a police permit. City Council President Paul Krekorian and other backers of the proposal said the permit requirement will help the city crack down on party houses and properties that draw illicit behavior. More broadly, it will create a new regulatory hurdle for short-term rental and hotel operators, allowing the City Council and neighborhoods to challenge the issuance of the permits. The council voted 14 to 0 in favor of the law. Councilmember Kevin de León was absent. Despite supporting the police permit requirement, some council members voiced... Read more
If you have spent any time at all researching potential apartment investments within the last several years, I am certain that you have been presented with a property in...
Legally converting the home and the other living unit(s) to a two-unit or three-unit condo, for example, is now on the table. California has reinstated a law that allows...
Real estate, including land, homes, office and retail buildings, is a popular type of investment for people who like to put their money into assets they can physically...
In the multifamily sector, the readiness of a unit for showings is more than just a preparatory step; it’s a strategic move with far-reaching implications....
When your occupancy is below target, do you respond by changing pricing, offering a special, or increasing your marketing budget? Each is helpful, but they’re only quick fixes. How can you ensure vacancies won’t become a problem again? Leaning more into lease renewals can help you stay ahead of the ongoing vacancy game because the more leases you can keep, the easier it’ll be to navigate through seasons of higher turnover. (Plus, they’re great for your community’s NOI!) In this blog: The benefits of adopting a successful strategy for lease renewals. Tips for earning more lease renewals. Why you need to focus more on lease renewals now and into... Read more
In an up-and-down economy, these insights can help you market your multifamily properties. Interest rate hikes, inflation, market volatility—with so much up in the...
Are you pondering where to place your hard-earned money? The world of real estate offers a golden treasure: multifamily properties. By the end of this guide, you’ll...
Wages are finally outperforming rents and by a wide margin. The trend is expected to continue in the immediate future, according to Jay Parsons, Chief Economist of...
Fannie Mae has launched a new financing program to support the creation and preservation of workforce housing for middle-income renters. The agency created the new...
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