Property Management News
I’m sure that you’ve heard the chatter: short-term rentals are “dead,” Airbnb is oversaturated and no one is making money on the platform. The truth is that yes, Airbnb is more competitive than ever and the bottom 50% of operators are struggling to make positive returns. However, top operators are making more than ever. New tools have made it easier than ever to “rinse and repeat” winning strategies and scale STR portfolios into multi-million dollar businesses. You cannot purchase a house in a good location, throw it on Airbnb and expect it to be a winner. Finding and operating a successful short-term rental takes research, planning, and leveraging these short-term... Read more
The High Cost of Overlooking Construction Safety Renovations and capital projects can refresh an apartment community. New amenities, smarter layouts, and better curb...
Key Takeaways Fire deaths occur at one-fourth the rate in new multifamily buildings compared to modern single-family homes. Features like sprinklers, fire-resistant...
Fraud has long plagued the multifamily sector, but the scope and sophistication of the problem are now reaching new levels, fueled by technology and shifting consumer...
The national median rent dipped by 0.4 percent in September, marking the second straight monthly decline, according to the October report from Apartment List. In...
The Federal Trade Commission sued a pair of online rental listing platforms Tuesday, claiming Zillow paid its competitor Redfin $100 million to cease advertising multifamily rental properties in an apparent effort to stop competition. “Paying off a competitor to stop competing against you is a violation of federal antitrust laws,” Director of the FTC’s Bureau of Competition Daniel Guarnera said in a statement. “Zillow paid millions of dollars to eliminate Redfin as an independent competitor in an already concentrated advertising market — one that’s critical for renters, property managers, and the health of the overall U.S. housing market.” In the lawsuit, filed in Virginia... Read more
New York City homeowners can now apply to add basement, attic, and backyard apartments to their existing properties. On Tuesday, the city launched an applications...
KEY TAKEAWAYS A surge in unsold homes converted to rentals is slowing rent growth, with projections showing just a 0.8% increase in 2025, the weakest since...
A new survey reveals persistent multifamily renter defaults driven largely by economic instability that are placing increasing pressure on operations. A national survey...
Key Takeaways More than 1,000 tenants living in Capital Realty Group-owned properties are organizing a multi-state tenant union campaign to push for collective...
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