Property Management News
Multifamily buildings seeking any possible extra source of cash flow and operators looking to attract a new type of nomadic tenant are adding short-term rentals to their long-term plans. “In the first days when you can come in right away with furnished rentals in a great location, we can rent 20 or 30 percent of units right off the bat,” said Alex Chatzieleftheriou, CEO of furnished rental company Blueground. Blueground just made two units available at a high-end rental building at the Essex Crossing development on the Lower East Side that can be rented for as short a time as 30 days. Cities and towns have cut down on short-term rentals via platforms like Airbnb, but the demand... Read more
For apartment communities, there is massive change ahead regarding refrigerants. While the changes are not at the technician level yet – and won’t be until later...
The Big Picture On How To Find Properties Before They Hit The Market: Finding properties before they get listed on MLS can significantly benefit real estate...
Artificial Intelligence (AI) has become a focal point of discussions across various sectors, including housing, as its transformative potential and challenges come to...
Apartment residents talk most often about customer service and maintenance within their online reviews, suggesting that when residents think about their living...
In 2023, homebuilders finished 27,495 single-family homes in developments of at least 50 houses, up from around 6,500 each year before the pandemic, according to data from Yardi Matrix, a commercial real estate data firm. KEY TAKEAWAYS Builders are constructing more single-family homes intended to be rented out instead of owned by the occupier, as home ownership becomes more financially difficult amid high interest rates and prices. Renting a single-family home is a way of gaining living space while keeping the flexibility of renting, and can be a more affordable option. Builders often cluster large numbers of units together in a single development and offer amenities similar to... Read more
The chair of the Federal Trade Commission said using artificial intelligence to inflate rent prices isn’t going to fly with the government, as federal...
The city of Los Angeles currently allows landlords to increase rents above what’s permitted in other Southern California cities with rent control. Earlier this year,...
Here are 5 easy upgrades for your rentals this summer as the weather is getting nicer, the sun is shining brighter, and the days are longer, so time for upgrades to...
Lease violation notices are a necessary part of being a landlord. They are a way to communicate to your tenants that they have violated their lease agreement and to give...
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