Property Management News

Owners’ Equivalent Rent (OER): Definition...

What Is Owners' Equivalent Rent (OER)? Owners’ equivalent rent (OER) is the amount of rent that would have to be paid in order to substitute a currently owned house as a rental property. This value is also referred to as the rental equivalent. In other words, OER figures the amount of monthly rent that would be equivalent to the monthly expenses of owning a property (e.g. mortgage, taxes, etc.). KEY TAKEAWAYS Owners’ equivalent rent (OER) measures how much money a property owner would have to pay in rent to be equivalent to their cost of ownership. OER is used to measure the value of real estate markets, where it can help direct individuals to either buy or rent... Read more

As we approach the second half of the year, much has transpired across the economy, the real estate sector and the single-family rental (SFR) arena. We’ve witnessed...

The U.S. apartment market has changed quite a bit in the past year, going from significant demand loss in 2022 to more normalized absorption in the first half of...

Renter households relocate for a variety of reasons. Such moves can be for jobs or because of the need for more (or less) space. Citing U.S. Census Bureau Household...

Foreclosures in America are on the rise for the second year in a row. This puts a firm bookend on an 11-year decline in the forced repossession or sale of a home when a...

Apartments Compete for New Renters Amid...

Completions are expected to rise to the highest levels since the 1980s this year and next. A healthy supply of new apartments under construction or coming on the market is helping to give renters a break. Leasing is accelerating, but rent growth is slowing.  Apartment completions are expected to rise to the highest levels since the 1980s in the second half of 2023 and early 2024, according to a new RealPage report. More than 500,000 a year are expected to complete across the country in each of the next two years. Construction is occurring in markets of all sizes and in all regions, giving renters more options. This means that unlike 2021, when it was relatively easy to fill units and... Read more

The price of insuring property is sharply mounting, with builders and operators of desperately needed rental housing reporting major increases in insurance costs in the...

YTD rents have grown 1.9% across the country. Annual rent changes are helpful to know but their downside is that it’s a lagging indicator of what’s currently going...

Major rental housing platforms and several states join the President’s effort to crack down on rental housing junk fees for consumers and increase transparency Today,...

When operators revamp lease renewals, make them a priority and put the right systems and processes in place, they will experience a host of operational and financial...