Property Management News
Apartment property managers, also known as operators, were once mom-and-pop concerns. They fixed things, collected rent and stored leases and other paperwork. These days? Not so much. Experts told Connect CRE that multifamily operators need to go beyond filing skills and maintenance efforts to succeed. “Managing a single community or multi-asset portfolio requires significant sophistication, infrastructure and expertise,” said Chris Moltke-Hansen, Apartment Management Consultants’ CFO. Added FirstService Residential Senior Vice President Calynne Oyoloker: “With roughly one in three homes in the U.S. now part of a residential community, the scope of property management has become... Read more
The National Fair Housing Alliance (NFHA) is the nation’s largest nonprofit fair housing organization, leading investigations, enforcement, advocacy, and research to...
For decades, summer was the undisputed high season for movers. Families planned relocations around school schedules, fair weather made hauling boxes easier, and...
As demographic shifts and evolving consumer expectations reshape the multifamily housing market, institutional property managers are responding with targeted operational...
The U.S. Department of Housing and Urban Development (HUD) just issued a major update on criminal-record screening and rolled back several prior guidance documents. This...
Danielle Rickards is a 30-year-old single mother and a full-time caretaker to her 5-year-old daughter, who has a rare heart condition. For many Americans in similar circumstances, the pressures of affording rent and daily expenses are a constant and crushing burden. But she counts herself lucky: She found an affordable two-bedroom apartment in Grand Junction, Colorado, where rent is subsidized by the local housing authority. On top of that, she also receives a rare financial bonus, part of an experimental program to build equity for affordable housing tenants in Colorado. On the 18th of every month, Rickards receives a small cash stipend – $21.62 – in exchange for paying her rent on... Read more
A new report from Cotality reveals that investment homebuyers frequently overbid by up to 4.3% per property, often pay in cash, close quickly and are more likely to...
The secret sauce that turns a prospect from potential to “SOLD!” is experience — how the apartment tour made them “feel” about your property, including how...
The national median rent dipped by 0.4 percent in September, marking the second straight monthly decline, according to the October report from Apartment List. In...
The cost varies widely based on many factors. An apartment complex typically costs between $3.8 million and $30 million to build, or $75,000 to $600,000 per...
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