Property Management News
When developer Steve Patron was planning a neighborhood of townhouses in Winslow Township, Camden County, a decade ago, he expected to sell the new homes. But after running the numbers and looking at demand, “it just made more sense to do it for rent,” said Patron, managing partner at Harvestate Group, based in Somerset County. The company owns the 105-unit Enclave at Winslow. And it’s developing another rental community of 54 townhouses in Glassboro, Gloucester County. Construction is set to start in a few months. “This whole idea of building a single-family community for rent is pretty new,” Patron said. “I liked the idea of doing something different.” Across the country,... Read more
Although rents have been on a decline in the top 50 metros for over a year, low multifamily permitting could unfold higher rent prices. In 2024, within the top 50...
In today’s shifting real estate landscape, investors increasingly prioritize stability and long-term value. One sector that has consistently demonstrated stability is...
Call it another quirk of New York City living. Though washers and dryers have been ubiquitous household items in most of the United States since the Eisenhower...
California law makes it illegal for landlords to refuse to rent to people who participate in rental assistance programs like Section 8, but tenant advocates say the...
Crouching on the sidewalk in front of his apartment building in San Francisco’s Tenderloin neighborhood last Monday, Bradford Berger shuffled through legal papers in a wrinkled manila folder. It was a stressful morning; he was scrambling to get ready for a chemotherapy appointment with his wife, who’d been diagnosed with lymphoma the month before. In two days, sheriff’s deputies were scheduled to evict the two of them from the subsidized apartment they’d shared for the last 15 years — even after a local rental assistance program offered to pay the landlord, an affordable housing nonprofit, the back rent they owed. It was a gloomy way to mark their anniversary for the couple,... Read more
Key Points While rent prices for apartment buildings are flattening out because of a supply increase, single-family rentals did not see that same level of...
Renting has become slightly more affordable for minimum workers across the United States, but not by much, according to a Redfin report. A worker making an average...
Renters have quietly enjoyed a nice run over the past two years. A historic wave of apartment construction has tamped down rents from their pandemic-era peak — last...
California’s real estate landscape is changing with new laws taking effect in 2025, impacting landlords, developers, property owners, and investors. These legislative...
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