Property Management News

Fraud impacting rental housing costs throughout the country is on the rise and includes incidences of fraudulent rental applications, financial and identity fraud, and is often fueled by social media, the National Multifamily Housing Council (NMHC) says in a new survey. “Driven in part by social media platforms such as TikTok and Instagram, the rise in false rental housing applications is exacerbating rental costs, fueling the housing affordability challenges facing communities across the country and undermining the credibility of eviction data. These fraudulent incidents consist of a wide range of wrongdoing, including criminal behavior,” the NMHC says in a release about the... Read more

For this generation, job opportunities outweigh the cost of housing High rents don’t seem to bother Gen Z when deciding where to move. Even though three-quarters of this generation rent, some of their most popular destinations were also states with rent costs well above the national median. The list of the top 10 states that Gen Z chooses includes California, where rent runs $1,856 per month, compared to the $1,300 national median. While 215,000 residents left California in 2022, 44,000 Gen Z adults moved in. But among all movers heading elsewhere, California did not even make the top 10 as a place to move to. Other expensive destination states that attracted Gen Z were Washington... Read more