Property Management News
By Norm Spivey, Author of Collect Rent, Don’t Pay It!: A Beginner’s Guide to Rental Property Investing Ask ten investors “What is Cap Rate?”, and you’re likely to get ten different answers! I’ll provide the definition I use, as it relates to rental properties. Capitalization or Cap rate as it is often called is simply the net income (rent after subtracting all expenses) divided by the value of the asset and expressed as a percentage. For instance, if annual net rental income for a property is $10000 and the property is valued at $100000 then the cap rate is 10%. This is the “math” often used when a buyer is looking at a property to determine if the investment... Read more
A new survey shows that single-family renters may be more likely to move in the next year than apartment renters, and there are some key reasons why. Property...
Evener Leon to serve six months in jail after tenant death A Brooklyn landlord was sentenced to jail three years after a fire at his building resulted in the death of...
Rising interest rates in 2022 thus far have had the most significant negative impact on the single-family housing market. Housing prices have cooled and transactions...
The way that we organize our cities has a profound impact on our carbon footprints. As much of the US boils under an oppressive heat wave, discussions about climate...
By Norm Spivey, Author of Collect Rent, Don’t Pay It!: A Beginner’s Guide to Rental Property Investing It’s hard to put a price tag on personal time and happiness. With 17 rental units at 10 different properties in two states, my spouse and I are about at the threshold we can manage while juggling a career and getting two teenage sons through high school and into college. We self-manage 11 of the units and hire a property manager for the 6 out-of-state units. I know there are folks who may be able to handle 20 or more properties while working a day job. I am not ashamed to admit I can’t! At points in my life, I’ve gotten work-life balance out of whack by focusing too... Read more
Asking rents for apartments dropped in the third quarter for the first time in years, with landlords seeing vacancy rise and demand slow during the typically busy summer...
The state of California will be sealing the criminal records of select former offenders if a certain criterion is met, according to a bill signed by Gov. Newsom on...
The government-sponsored enterprise will cover the costs of the program for multifamily borrowers for 12 months. Fannie Mae has launched a pilot program to help renters...
It’s budget season for most rental housing operators. Sing it with us: “It’s the most wonderful time of the year…!” OK, we concede that not everyone may...
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