Property Management News
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 can’t ignore the digital needs of today’s residents. From how we work and socialize to how we operate and manage our homes, it’s become a foundational requirement for day to day life. This digital revolution has made a community’s technological capabilities a defining factor when residents are choosing an apartment home. Residents expect a seamless, uninterrupted digital experience tailored to meet their specific lifestyle needs. When the technology they rely on fails to function at its fullest... Read more
Finding an apartment in a major U.S. city for less than $1,000 per month has become more difficult lately, but in some metros, such as Oklahoma City and Pittsburgh,...
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...
The number of renter households grew 2.7% in the third quarter of 2024, the second biggest year-over-year gain since 2015. The number of homeowner households grew 0.9%. Renter households have formed faster than homeowner households for the past four quarters as the cost of buying a home rose faster than the cost of renting. The national rentership rate remained steady at 34.4%. San Jose, CA, Los Angeles and New York have the highest shares of renter households, while Cape Coral, FL, Charleston, SC and Columbia, SC have the lowest. The number of renter households rose 2.7%, in the third quarter year over year, to a record 45.6 million. That’s three times faster than the 0.9% increase... Read more
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...
More than four of every five U.S. residents (82%) believe there should be caps on the amount landlords are allowed to increase rent, according to a...
Real estate is often touted as one of the best long-term investment choices, especially for multifamily investors. However, the complexities of property tax regulations...
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