Property Management News
Multifamily operators are embracing AI quickly, but integration problems are still doing more to slow adoption than ROI concerns or staff training gaps. Leasing has become the clearest first target for AI because it sits directly at the intersection of revenue, repetitive work, and resident experience. The confidence gap between property managers and executives on fraud prevention suggests application fraud may look manageable at the property level but more troubling across full portfolios. The multifamily market has rarely been simple to navigate, but the current moment presents operators with a particularly complicated set of pressures all arriving at the same time. Years of... Read more
Renters are getting a bit of relief as landlords offer more concessions — like free rent or waived fees — to fill units in a cooling market. Rent growth has slowed...
It’s safe to say that AI is no longer just a futuristic concept or a fleeting tech bubble. Beyond all the hype and debate, artificial intelligence has gone from a...
Rents are still rising nationwide, but at a slower pace than in years past. Plus, income is now growing at a faster pace and the slowdown is relieving some renters of...
Multifamily is competitive, and operators are under constant pressure to maintain strong occupancy and online reputations. Star ratings, review counts, and rankings have...
The national median rent increased by 0.5% in April, and now stands at $1,370. This marks the third straight monthly increase, as the market gears up for the busy summer moving season. Rent prices nationally are down 1.7% compared to one year ago. Year-over-year rent growth is now at the lowest level that we’ve seen in our estimates going back to 2017, surpassing a record set in the early months of the pandemic. The national median rent has now fallen from its 2022 peak by a total of 5%. The national multifamily vacancy rate ticked down to 7.2% this month. After hitting a new record in Q1, the vacancy rate may have now hit its peak and turned the corner. This marks the first time that... Read more
I have to start by giving credit where it’s due. My friend Lisa Trosien has been on a tear lately on LinkedIn—calling out something our industry needs to...
Each quarter, RentCafe releases its Rental Competitiveness Report to share how markets are comparing against one another for apartment hunters nation-wide. As of...
The debate over corporate landlords owning too many rental properties misses the point say many observers because more landlords is a good thing. The answer is not who...
Long-term renting is becoming more mainstream, even as renters are raising their expectations for service and transparency, according to new research from Rently, a...
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