Property Management News
As economic woes continue to pummel the housing industry, one real estate developer is finding opportunities within a new market – the “forever renters.” Post Brothers CEO and co-founder Michael Pestronk joined “Varney & Co.” Friday to discuss the real estate opportunity brewing in urban areas as some Americans are opting to rent instead of buying a home. “The biggest issue, especially in large established metro areas, is a lack of product. There’s no such thing as a starter home in large [Metropolitan Statistical Areas] anymore. There’s no land available to build housing within commutable distances of jobs,” he... Read more
Advocacy groups for the multifamily industry view proposal unfavorably. The Federal Communications Commission wants apartment residents to have the right to choose their...
With the amount of multifamily competition that seems to be being built over-night, how does your community stand out from the competition? The first place to start is...
Your branding should be everywhere! It doesn’t stop with logos and brochures. You must bring your brand to every corner your communications and interactions...
Ready to turn inquiries into signed leases with the power of chatbots? Dive in and discover how these intelligent assistants can transform your 2024 into a year of...
With transactions down and new developments largely put on the back burner for now, even the big names in multifamily are getting creative to keep busy and generate revenue. “What we’ve been really pushing hard on and trying to engage in quickly are [accessory dwelling units],” AvalonBay Communities Vice President of Development William Lee told an audience at Bisnow’s Los Angeles Multifamily event at the Sheraton Grand Los Angeles. AvalonBay has the advantage of a large number of existing properties and therefore having a lot of potential space to choose from. It owns about 60 communities and 18,000 units in Southern California alone. Finding underutilized amenity... Read more
Accelerated demand for larger apartments falls off as everyone can get away from each other again. There was noted heavy demand for more space during the heights of the...
The Los Angeles County Board of Supervisors has unanimously voted to increase apartment inspections and withhold rent payments from negligent landlords, a vote that...
Given the escalating demand of renters and the pressing issues of low occupancy rates, multifamily property managers face a constant task of guaranteeing an exceptional...
The use of proptech is a factor that is sure to come up regularly in conversations among executive teams, regional vice presidents and local property teams, simply...
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