Property Management News
A tenant moves out, so you walk through the rental, and there it is: a stained carpet, scratched floor or a wall full of nail holes. Now comes the question landlords face all the time. Is this normal wear and tear that comes with owning a rental, or is it tenant damage that can be charged against the security deposit? Sometimes the answer is obvious. Often, it isn’t. The line between everyday wear and actual damage can get surprisingly blurry, and making the wrong call can lead to disputes with tenants or even legal trouble. For example, take a kitchen that gets used every day. Eventually, it’s going to show it. Cabinet handles loosen, countertops pick up a few scratches, and the floor... Read more
Houston now leads the nation as a hotspot for accidental landlords, outpacing Denver, Austin and San Antonio, according to real estate firm Zillow. Overall, an...
KEY TAKEAWAYS National median rent rose 0.1% in August to $1,390, marking the seventh consecutive monthly increase. Year-over-year rents remain down 0.8%, but vacancy...
The apartment industry spends enormous amounts of time discussing occupancy, conversion rates, resident satisfaction, and operational efficiency. Yet one of the biggest...
When a Pennsylvania tenant leaves belongings behind after an eviction or move‑out, you cannot simply toss everything in the dumpster and change the locks. Act 129,...
Median apartment rents declined again on an annual basis in September but clocked the smallest drop in three years, according to Realtor.com. Across the 50 largest metro areas, median asking rents ticked down by 0.4% year-over-year to $1,694. That brings asking rents to 4.5% below their peak in August 2022 but keeps them 14.5% higher than before the pandemic. “While asking rents are below their 2022 peak and concessions are still easy to find, for many households, relief is not the same as affordability,” Realtor.com senior economist Jiayi Xu said in a statement. Following the pandemic-era surge in rental rates and aided by the spread of remote work, many people decamped to more... Read more
A dishwasher leak in my Lynnwood home turned into much more than a problem with one appliance. The kitchen and adjoining areas needed restoration, and some of the...
Seven in 10 rental ads on TikTok are likely scams, according to a new study from CNC Intelligence. The digital forensics firm analyzed 3,141 rental listings on the...
You don’t need to live where you invest. But you do need to think differently about where you invest. Out-of-state investing used to mean finding cheap...
KEY TAKEAWAYS Chicago ranked as the most competitive large US rental market with a 91.8 score and about 17 prospective renters per vacancy. National rental competition...
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