Property Management News
Nationwide, renters who move to a different apartment within their area in under two years represent 38% of all apartment renters on the move, according to new data from RentCafe. The reasons for moving are often related to finding jobs and better housing — trends that still hold firm even with the rise of remote work. Highlights of the report: Austin renters are the most mobile in the nation; 54% relocated within the metro in just two years. The share of Austin renters moving this frequently surged by 34% between 2018 and 2023. In Provo, Utah (No. 2), 60% of renters switched homes within just two years, which is the highest share of any metro area. This metro’s... Read more
The Problem with Today’s Apartment Websites Lucy opens her ChatGPT app and types in this prompt: “I’m moving to Kansas City, Missouri next month for...
When you’re investing in multifamily properties, it’s easy to focus on rental income, occupancy, and appreciation. But smart investors know the real test of...
Only a handful of the nation’s largest apartment markets have achieved uninterrupted year-over-year rent growth over the past five years—and most of them are in...
Key Takeaways US average multifamily rent fell by $6 to $1,750, the largest September drop since 2009 and the worst monthly decline since late 2022. A glut of new...
Apartment rents slipped for the first time since the Great Recession, signaling a cooling market driven by oversupply. Developers are pulling back—but economists warn the pause won’t last. Richard Lawson explores how and why. The Great Absorption For the first time since the Great Recession, U.S. apartment rents fell during the third quarter, a period typically marked by strong seasonal demand. Average apartment rents across the country dipped .28% in the quarter, slipping into negative territory after anemic rent growth through the year, according to data analytics company RealPage. Rent growth was last negative in the third quarter of 2009. Counter-intuitively, absorption rates have... Read more
Deciding between a long-term and short-term lease agreement is one of the most important choices a landlord can make. Each option comes with its own benefits,...
Tenant renewals have quietly emerged as one of multifamily’s most powerful stabilizers this year, cushioning property income from the weaker pulse of new leasing....
When you purchase a duplex, triplex, or other investment, there is a crucial question you need to answer: “Should I live on the property?” If this is your...
After more than two years of discussion and debate, the Los Angeles City Council voted Wednesday to significantly lower annual rent increases in most of the city’s...
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