Property Management News
You own your home outright or have significant equity. You’re relocating. Not selling. Natural question: “Why not just rent it out?” Sounds simple. Usually isn’t. Most homeowners treat conversion like an administrative checkbox. List property. Find tenant. Collect rent. Done. That approach loses money. Real conversion requires understanding three things most people skip: financial mechanics, legal requirements, and tenant quality. This guide walks through all three. STEP 1: HONESTLY ASSESS WHETHER YOU SHOULD DO THIS The Fantasy Version: “I’ll collect rent. Property appreciates. Tenant pays my mortgage. Easy passive income.” The... Read more
U.S. rents are rising more quickly and fewer apartments are sitting empty, but elevated concessions show that many landlords have not yet regained meaningful...
The typical U.S. asking rent rose to $1,965 in June, up 2.2% annually, according to the Zillow Observed Rent Index. 39.7% of rentals on Zillow offered a concession in...
Owning a home has long been part of the American Dream. But in the country’s 250th year, many Americans feel the goal, a milestone of adulthood and a marker of...
Tenants push for tougher rules against unfair add-on charges. Industry players argue against policies that they say could limit the ‘effective use of fees.’ Across...
Deciding which amenities to include in modern apartment buildings continues to grow in importance for multifamily developers and owners. Amenities essentially elevate multifamily properties from mere housing to socializing hubs where residents can find benefits from wellness to entertainment to hobbies and personal connections. Amenities tack on additional sums to the monthly rent renters fork over. But they may save them more in the long-run by allowing them to avoid out-of-building membership costs. Certain amenities are almost de rigueur in today’s multifamily communities. These may include any or all of the following: State-of-the-art fitness centers, Pilates studios, co-working... Read more
A stronger-than-usual spring leasing season has given the U.S. single-family rental market a boost, although annual rent growth remained well below last...
In Nashville, Tenn., the landlords come to you. At least, it looked that way from the texts showing up on Mason Comans’ phone a few months ago when he was...
Smart apartment owners and operators are pouring money into marketing, but too often they are chasing noise instead of net operating income. At this year’s...
It’s as close as you can get to living in the clubhouse,” says Nicholle Soendker, director of residential marketing for Cordish Living, which developed several...
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