Property Management News
Across much of the country, rental housing is in a very different place than it was just a couple of years ago. After a historic run-up in demand and rents, vacancies have ticked up, concessions are back in a big way, and operators are competing harder for every qualified household. According to Census data summarized by industry analysts, the national rental vacancy rate edged up to roughly 6.9% in late 2024, up from about 6.6% a year earlier, with some Sunbelt and Midwestern metros posting double-digit rental vacancy rates. At the same time, a robust construction pipeline has delivered more than 500,000 new apartments in 2024 alone, putting additional pressure on existing assets. To... Read more
New York City renters are now legally entitled to clear, accessible information about whether stabilized apartments exist in their buildings. Last week, Local Law 86,...
The slippery slope of steering when customer service crosses the line in property management trying to be helpful or to “make things easier” for a prospect. In...
If your prospects keep telling you they are ‘still looking’ when you follow up with them, you’re not alone. My inbox is full of the same question...
If you’re managing rental properties and feel like your leasing efforts are stuck on repeat, you’re not alone. High turnover is costly—not just in dollars but in...
Fannie Mae announced new ADU financing rules. Most investors missed it. The ones who didn’t? Already running numbers on properties they own. The change: Fannie Mae now purchases loans for two-to-three unit homes that include ADUs. Total allowed: four units per property. Single-family can now add three ADUs. Duplex can add two ADUs. Triplex can add one ADU. What changed? Everything. Before this, most investors hit financing walls trying to add ADUs. Conventional loans didn’t cover multiple units. Renovation budgets got capped. Income couldn’t be counted toward qualification. Not anymore. Who This Benefits (And Who It Doesn’t) Winners: Investors with... Read more
Renting property always carries some level of risk. Even tenants who appear financially stable and responsible can present challenges when it comes to paying rent on...
I’ve spent years in Austin as an apartment locator, riding shotgun on people’s entire search. I hear the jokes, the panic, the side comments as we exit the...
Every transformation begins with a few voices. In the multifamily industry, that voice belongs to a community’s residents, and it’s important to listen at the right...
KEY TAKEAWAYS 86% of Gen Z and millennial renters have delayed major life milestones due to rising housing costs. Renter priorities focus on essentials: in-unit...
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