Property Management News
A senior is having a hard time living on their own because they can’t drive to get groceries, they need a chaperon for medical appointments, and they’re lonely where they are now. They’ve got zero intention of intruding on their kids’ lives, but they also don’t want to move into a nursing home. The middle ground? A rental apartment, preferably somewhere close to friends or family. The problem is that most rentals aren’t built in a way that makes older people safe and comfortable, so it’s slim pickings when you try to find an apartment for your aging relative, friend, or whatever. This is really unfortunate because it doesn’t take much to make these types of spaces... Read more
Multifamily real estate investing continues to attract investors focused on building long-term wealth through income-producing assets. While many deals appear attractive...
A new survey of renters shows speed and ease matter the most in the renting experience at the same time long-term renting is becoming a deliberate housing strategy for...
I’ve been around long enough to watch entire technology cycles play out. From the early days of automated rent setting, through the BI revolution, through...
Keeping a building dry is both an interior and exterior challenge. All buildings, regardless of materials and construction, are at risk of water infiltration and...
For much of the past decade, success in multifamily real estate followed a simple formula: Buy a property with cheap debt. Raise rents. Sell. Rinse. Repeat. But that strategy is running up against today’s realities. High interest rates and escalating operating costs are squeezing margins. Rent growth has slowed to near zero in many markets, a sharp reversal from double-digit increases in the post-pandemic peak. “We’re entering a period where it’s less about financial engineering and more about operations,” says Matt White, CEO of Basin Street Properties, which owns and operates more than four million square feet of office, multifamily, industrial,... Read more
If you’ve ever evaluated a multifamily real estate, you’ve likely come across the “1% rule.” It’s often presented as a quick way to decide whether a property...
Multifamily is competitive, and operators are under constant pressure to maintain strong occupancy and online reputations. Star ratings, review counts, and rankings have...
I have to start by giving credit where it’s due. My friend Lisa Trosien has been on a tear lately on LinkedIn—calling out something our industry needs to...
When Aron Sotnikoff got a letter from an attorney seeking a payout for an apartment tenant who slipped and fell in standing water at one of his firm’s...
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