Property Management News
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 take the time to carefully vet deals before making an investment decision and then pay attention to the communication coming from that deal ongoing to ensure that their investment is performing as planned. There are many items that passive investors should be aware of before making an investment decision and today we will review the top 5. Five Assumptions To Review Exit Cap Rate The exit cap rate assumed in underwriting has an enormous impact on the overall returns of a project. The standard underwriting assumption is to... Read more
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...
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 buyers, but developers have converted many of them in recent decades into larger, single-family units. This has worsened the affordable housing crisis, say researchers. These buildings, commonly called “triple-deckers, two-flats, or brownstones,” provide historical context and add character to urban neighborhoods along with affordability. Nationwide, low-cost rentals have vanished by more than half a million units per year between 2014 and 2018, according to a report from the Harvard Joint Center for Housing Studies... Read more
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...
Los Angeles County supervisors voted Tuesday to extend — and slightly increase to 4% — a soon-to-expire cap on rent increases, sparing tenants in unincorporated...
The last time you stayed in a vacation rental—almost certainly booked on sites such as Airbnb, VRBO, or Vacasa—you may have thought to yourself: “I should do...
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