Property Management News
A solid rental lease agreement is the foundation of a successful landlord-tenant relationship, ensuring clarity, protection, and a pleasant living experience. In this guide, we delve into the intricacies of residential rental agreements and apartment lease agreements, offering expert insights and practical tips to help you craft impeccable rental property leases. Whether you’re a seasoned landlord or just starting out, our comprehensive resource will empower you with the knowledge needed to create foolproof rental lease agreements that benefit both you and your tenants. What Are Rental Lease Agreements? Signing a rental lease agreement is a crucial starting point for a successful... Read more
Understanding Gen Z’s preferences can provide insights for apartment operators. While it’s crucial for apartment operators to meet modern-day renters where they...
Many passive investors mistakenly think that there is no work involved as limited partners in a multifamily syndication. This is simply not true. Passive investors must...
City council votes to cap rent hikes at 6% The details: The proposal will allow rent hikes of 4% beginning on Feb. 1, 2024, with an additional 2% increase permissible...
Governor Newsom recently approved multiple state housing bills passed by the State Assembly and Senate. The following is a summary of a few of the key bills that are...
While economic growth and a strong job market have helped multifamily asking rents grow nationally in August, operators are now facing the rapid expense growth on that side of the ledger, led by mushrooming property-insurance costs, Yardi Matrix says it in its national report for August. “With rent growth slowing, property owners increasingly must implement strategies to pare expense growth to maintain and grow net income,” the report says. “After several years of stellar income growth, multifamily is facing headwinds that include not only decelerating rent gains but a rapid uptick in expenses. During the trailing 12-month period ending June 2023, expenses for multifamily... Read more
Functional amenity spaces, appealing resident events and prompt maintenance responses all qualify as factors that can enhance the chances of retaining a resident. A...
New York City has lost more than 100,000 homes since 1950 to conversion projects. Small multifamily homes have historically provided inexpensive housing for renters and...
In the ever-evolving landscape of real estate, is the current softening of rent rates in multifamily a cause for concern or an opportunity in disguise for multifamily...
Concessions are pushing up costs and taking a bite out of profits. Redfin has an interesting look at the current state of multifamily rents. On one hand, they’re...
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