Property Management News
I recently caught up with a colleague from the West Coast. Due to the high cost of living in their area, they’ve been renting for years. Unprompted, they went on a rant about their rental experiences: “Ugh, I wish there was a Fakespot for apartment reviews. I’m sick and tired of going to all the effort of moving only to find out how bad the property management is in my new house [aka unit]. You can’t trust anything you see online anymore. It’s just a bunch of promoted posts.” Renters Seek Authenticity My friend has a point. How authentic are reviews if you’re always offering freebies, gift cards, raffle prizes, etc. to get those 5 stars? Yes, the FTC banned incentivizing... Read more
Real estate investing is a powerful way to build wealth, and multifamily properties offer a fantastic entry point for new investors. Whether you’re looking to grow a...
As the demand for housing continues to rise, property managers face the dual responsibility of maintaining occupancy standards and adhering to fair housing regulations....
Key Takeaways Conduct cost segregation studies for accelerated depreciation benefits. Implement energy-efficient upgrades for tax advantages and cost...
What would your current or prospective renters say if you asked for their thoughts on your rent prices? What if you were to ask that same question to your on-site...
An accelerating surge in apartment rents is tightening the squeeze on the most affordable segments of the U.S. rental market. According to a new report from Redfin, renters seeking apartments under $1,000 a month are increasingly struggling to relocate as rising costs force them to stay in place longer and the number of new listings continues to dwindle. The analysis, which used data from the U.S. Census Bureau, found that the fraction of renters in this demographic declined from 50.4% in 2012 to 35.2% in 2022 and to 32.1% last year. Redfin attributed the decline in listings to a boom in asking rents after the pandemic, which led to rents stabilizing near their record highs soon... Read more
The U.S. once again finds itself grappling with the aftermath of a devastating hurricane, one of the many pummeling weather events that have caused death and destruction...
The most common resident persona in multifamily is the career-focused, non-homeowning young professionals. But don’t forget about those who just launched those...
The importance of a thorough and accurate rental application cannot be overstated. As a careful landlord, you want to know as much as possible about anyone seeking to...
Multifamily revenue management is more than setting rent prices; it’s aligning your apartment community’s whole operation—leasing, marketing, management,...
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