Property Management News
Renting an apartment is a strange transaction. It is the biggest bill most renter households pay each month. Yet the deal itself gets struck in a hurry: a couple of weeks of searching, a tour squeezed into a lunch break, an application that wants your pay stubs, your credit score, and possibly a guarantor. Housing is one of the only major purchases where the product screens you back. For rent, about 46 million American households (35% of the country) do this dance, per the Census Bureau. Welcome to the latest edition of our chartpost series, where we use one company’s data to light up a corner of the economy. This time the corner is literally nationwide: the US rental market, seen through... Read more
Property managers wear enough hats already. The problem is that many teams still spend too much time on marketing tasks that are repetitive, specialized, or better...
The worst of the multifamily insurance shock may be easing, but apartment owners are not yet seeing the payoff in higher net operating income. That is the...
Although rent growth has accelerated, the share of listings offering an incentive remains elevated The typical U.S. asking rent rose to $1,965 in June, up...
Every lease starts as a bet between strangers. The landlord bets that the person on the other side of the application is who they claim to be and earns what they claim...
Ten years ago, a prospective renter’s research process was simple: they toured the unit, met the leasing agent, maybe skimmed a few reviews. Today, before they ever fill out an application, a growing share of renters pull up your building’s entire public history — open violations, 311 complaint volume, litigation, permit activity, even how long your recent vacancies took to fill. They are not doing anything exotic. All of this is public data: HPD violations, DOB records, 311 service requests, court filings. What changed is access. City open-data portals made the records free; a new generation of tenant-side tools assembled them into readable building profiles; and now AI... Read more
Apartment demand accelerated during the second quarter, pushing national vacancy lower as household formation strengthened and renters faced renewed obstacles to...
There’s a word in our industry that has been used so widely, so indiscriminately, and for so long that it no longer transmits any information at...
Commercial real estate owners have always understood that empty spaces are lost opportunities. What they have been slower to recognize is that underutilized space, a...
Naming gets all the attention. The workshop, the shortlist, the debate over the finalists, the reveal. It feels like the moment the brand is born. It is not. A name is...
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