Property Management News

Hotel-to-Apartment Conversions Gaining in Numbers

Adaptive reuse has been mentioned as a solution to help meet increased housing demand while giving empty office buildings a second chance at life. A report from RentCafe indicated that 2019 and 2020 were peak years for adaptive reuse from offices to apartments. However, “the number of projects converted in 2021 and 2022 didn’t match the initial excitement,” the report said. Here’s the surprise: adaptive reuse involving hotel-to-apartment conversions did well in 2022, making up 29% of the total inventory nationwide. “One thing about adaptive reuse is that it’s not a cornucopia of abandoned buildings, just waiting for a transformation,” RentCafe’s Andrea Neculae told... Read more

Owning a home may be a lifelong goal for many Americans but that doesn't mean it's for everyone. Homeownership rates are currently high in the U.S., but this...

As a rental property investor, the key to building real wealth with your investments is to buy multiple properties. But you may have questions, including whether now is...

Industry professionals say that while the fundamentals that underlie multifamily properties in major Sun Belt markets are quite healthy, the broader conditions of the...

Your applicant looks like Little Red Riding Hood on paper, but how do you know for sure they’re not really the Big, Bad Wolf? It might not be fun or fair, but the...

Here Are the Luxe Amenities that NYC Renters Can...

Doormen, balconies and building fitness centers may seem like the ne plus ultra of New York apartment living -- but does every renter want to have them? As much as New York renters seek ardently desired features at home — actual counter space, some kind of view, a spot for a nightstand — there are some things they decidedly don’t care about. Renters are indifferent to pools and gyms, according to a recent survey of 1,000 renters from Piñata, a rental rewards membership program. The Piñata survey, however, was nationwide. Few New York renters even have a building pool on their radar. Only 82 rental buildings in Manhattan have pools, out of approximately 16,000 rental buildings... Read more

As the housing market faces a scarcity of available homes, and rental prices soar, both potential homebuyers and renters are finding it increasingly challenging to...

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...

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...