Property Management News
California is leading the way in housing innovation with the recent passage of SB 1211, a landmark bill that updates and enhances current accessory dwelling unit (ADU) regulations. Authored by Senator Nancy Skinner and backed by housing advocates such as California YIMBY and the Casita Coalition, this new legislation promises to reshape the way multifamily properties can increase their ADU potential, creating a blueprint that other states and countries should consider adopting as well. What does SB 1211 do? ADUs, commonly known as “granny flats” or “backyard homes,” are already prevalent as an effective solution for increasing California’s affordable housing. Over the past 7... Read more
For renters looking for the most bang for their buck in the rental market, it might pay to go small. While December 2024 rents were down overall in units of all sizes,...
In recent years, tiny homes have become a popular alternative to the traditionally large American-style home and a viable way to provide shelter within a small space....
Renters need to earn $63,680 to afford the median asking rent for a U.S. apartment—the lowest income required since early 2022. Texas metros Austin, Houston and...
National REITs like Avalon Bay Communities and local investor-operators have completed many ADU projects, are pleased with the results, and plan to keep building...
Finding affordable housing is a struggle for many Americans—including members of the military. Housing costs are the top factor contributing to financial stress for active-duty family respondents, according to the 2023 Military Family Lifestyle Survey. Plus, civilian housing isn’t always designed with military members in mind. Learn more about military members’ housing needs and how multifamily owners and operators can address them. “Members of the military face unique challenges, including frequent relocations and Basic Allowance for Housing (BAH) that can be slow to adjust for rising costs—especially in high-cost markets where rent exceeds BAH,” said Charlie Fenton,... Read more
Gov. Gavin Newsom issued an executive order Friday prohibiting landlords in Los Angeles County from evicting tenants who open their doors to wildfire victims. “At a...
National REITs like Avalon Bay Communities and local investor-operators have completed many ADU projects, are pleased with the results, and plan to keep building...
ADUs (Accessory Dwelling Units) and tiny houses have become distinctive living solutions in compact living. Understanding these options’ differences is crucial for...
Hula Hoop. Pet Rock. Rubik’s Cube. All fads that had their moment and, every once in a while, resurface with a new generation. There is another old/new idea that...
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