Property Management News
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 is becoming a more popular option in an expensive and competitive real estate market: renting by the room. A look back in history would show that renting by the room is not a new concept; in fact, it has probably existed for thousands of years in one form or another. But today’s environment brings challenges that likely never existed before. So let’s take a deeper dive into this scenario and see how it may affect you as an owner and investor. If you are like other investors, you have enhanced your portfolio with... Read more
Across the country, the arrival of new units will affect occupancy, rental rates and operations in 2025. As we contemplate the opportunities in multifamily, we simply...
Successfully managing rental properties can feel like balancing multiple roles at once. From ensuring tenant satisfaction to handling maintenance issues and complying...
2024 marked a ‘return to normal’ for the multifamily industry. Rent prices increased by 1%, retention rates were above average, a record number of new units...
Key Takeaways Vacancy rates have leveled off for the first time in three years as apartment demand reaches its highest point since 2021. If demand continues to grow,...
Los Angeles City Council members introduced a motion during a meeting Tuesday that would prevent landlords from raising rents or evicting people impacted by fires that have blazed across the area for a week. The motion by Council members Eunisses Hernandez and Hugo Soto-Martínez would restrict rent hikes for one year. The proposal could help counteract a spate of illegal rent hikes that have surfaced despite an anti-price-gouging law that passed in 2018. An estimated 12,000 structures have burned since the Palisades and Eaton fires — along with some smaller counterparts — broke out a week ago. Most of them are single-family homes, and their loss will unleash a wave of new renters onto... Read more
Even though the peak leasing season is winding down, there’s still a steady stream of renters looking for a new place. People move for various reasons throughout...
Regarding fire safety, properly operating smoke detectors is one of the most essential tools for alerting property owners and firefighters of dangerous home and...
A group of 15 leading multifamily firms and commercial real estate industry groups has quickly banded together to support residents and rebuild Los Angeles following the...
As devastating wildfires displace thousands in Los Angeles County, Governor Newsom has declared a state of emergency. In the wake of this crisis, California’s...
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