Property Management News
For apartment owners getting unusual calls from insurance companies about deck inspection reports, the deck inspection conversation isn’t theoretical anymore – it applies directly to a large portion of California’s housing stock. If you own, operate, or manage apartment buildings or community associations with Exterior Elevated Elements (EEEs)—balconies, decks, stairways, walkways, or landings—especially those constructed with wood or wood-based structural components, you are now operating under mandatory inspection laws. That includes: Apartment owners subject to SB 721 Condominium associations and HOAs under SB 326 Property managers responsible for execution and compliance... Read more
New York City could gain roughly 25,000 basement, attic, and backyard apartments, also known as accessory dwelling units (ADUs), over the next 15 years under rezoning...
Many managers assume that as long as they apply the same strict rules to everyone – the consistency trap- they’re protected from fair housing trouble but the legal...
The city of Los Angeles will begin tracking how large corporate buyers impact the housing market by studying ownership of rental properties. The Los Angeles Housing...
Up-front rental costs — from application fees to broker commissions — are adding thousands of dollars to move-in expenses, exacerbating affordability challenges...
Key Points Nationwide, 16.6% of stabilized apartments offered concessions in January, according to RealPage Market Analytics. That’s an increase from December as high supply and weakening renter demand dent the multifamily market. The average January discount was 10.7%, or roughly five weeks of free rent. High supply and weakening renter demand have apartment landlords living in an ever-more competitive space. As a result, they are offering more concessions. Nationwide, 16.6% of stabilized apartments offered concessions in January, according to RealPage Market Analytics. That was a full percentage point higher than December (when concession activity actually dipped) and the highest... Read more
The year started on a promising note for apartment hunters as the national rental market has cooled off slightly, at least on paper: The U.S. competitiveness score...
A New York State Supreme Court Judge has ordered one of the city’s “Worst Landlords” to cough up more than $2.1M in fines and follow a strict timeline to make...
Key Takeaways Expert insights on DSCR loans for 10-unit buildings Actionable strategies you can implement today Real examples and practical advice DSCR Loans for...
Most multifamily owners and managers are aware that discrimination against disabled tenants can result in litigation and increase a project’s operating expenses, which...
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