Property Management News
More renters are staying in their homes longer than they did a decade ago, especially if they are baby boomers. Some 33.6% of U.S. renters have lived in the same home for at least five years, according to a new report from Redfin using 2023 data. That statistic included the 17% of renters who had lived in the same property for five to nine years, compared to 14.4% in 2013, as well as the 16.6% who stayed put for 10 years or more, up from 13.9% a decade earlier. The finding comes against the backdrop of the rising cost of mortgages that have eliminated the possibility of buying a home for many, while an initial spike in rents following the pandemic has moderated. Need a Lease... Read more
What Is Renters Insurance? Renters insurance refers to property insurance that protects tenants who live in a rented dwelling. Coverage is provided by insurance...
The multifamily industry continues to evolve, driven by exciting technological advancements that are, in part, a response to shifting resident expectations. As we look...
Setting the right rent for your property is one of the most critical aspects of successful real estate investing. Charge too little, and you’ll lose out on potential...
Artificial intelligence (AI) is rewriting how the entire real estate industry operates, including improving the way multifamily properties market and advertise their...
After analyzing nearly 5 million documents in 2024, Snappt, a leader in fraud detection for multifamily property management, found that 6.4% of rental applications were fraudulent with over 80,000 documents manipulated. According to Snappt in its “2024 Fraud Report: Data, Trends, and Strategies for 2025,” artificial intelligence (AI) will play a key role in streamlining operations while also providing bad actors with new ways to manipulate documents. “As fraud continues to evolve in 2025, leveraging best-in-class document fraud detection and income verification technology is the only way to catch these bad actors before they result in financial losses,” said Snappt CEO Daniel... Read more
In multifamily property management, achieving success isn’t just about the numbers—occupancy rates, net operating income, or returns to ownership. Success is...
A trio of tenants who took their landlord to court to reclaim their apartment security deposits say they finally got their money back days after Gothamist reported on...
Multifamily applicant fraud is becoming a widespread challenge for the industry as fraudsters become more inventive, according to the State of Applicant Fraud Report...
Vacancy rates across the state are showing improvement, particularly in San Francisco, which reflects California’s housing shortage. Demand also remains strong, and...
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