Property Management News
Though many of your apartment community’s units may have similar layouts, rooms, and square footage, each has unique qualities. Those unique qualities are called unit amenities, both positive and negative differentiators that affect their value and desirability. By charging for those differentiators in your rent pricing strategy, you can: Lease all units faster. Boost your apartment’s revenue. Offer your renters more transparency when choosing which unit to lease. Here’s a step-by-step guide to implementing unit amenity pricing in your community. Step 1: Identify Positive and Negative Unit Amenities First, you must analyze every unit in your apartment community to... Read more
It’s a rare but awful occurrence: someone passing by a multistory building, minding their business as they go about their day, is struck by something—a brick, a...
Key Takeaways Over 54% of market-rate apartment renters renewed leases in the year ending October 2024, up 120 bps from the previous year. With record-high apartment...
Imagine this: You’ve spent months revamping your apartment website and are investing more in digital ads. Your traffic and lead data show that your new marketing...
Fixer-upper investment properties have become very popular in recent years due to the “fixer-upper” television show. Thus, this real estate strategy is...
Finding affordable housing is a struggle for many Americans—including members of the military. Housing costs are the top factor contributing to financial stress for active-duty family respondents, according to the 2023 Military Family Lifestyle Survey. Plus, civilian housing isn’t always designed with military members in mind. Learn more about military members’ housing needs and how multifamily owners and operators can address them. “Members of the military face unique challenges, including frequent relocations and Basic Allowance for Housing (BAH) that can be slow to adjust for rising costs—especially in high-cost markets where rent exceeds BAH,” said Charlie Fenton,... Read more
Multifamily leaders are banding together in response to the devastating wildfires that have destroyed as many as 12,000 structures and displaced tens of thousands of...
Gov. Gavin Newsom issued an executive order Friday prohibiting landlords in Los Angeles County from evicting tenants who open their doors to wildfire victims. “At a...
The Fair Housing Act (FHA) requires property managers to provide reasonable accommodations for residents with disabilities to ensure equal access and enjoyment of their...
The multifamily vacancy rate fell to 5.3% in the third quarter, down from 5.5% at the end of June, according to CBRE. Renters absorbed 153,300 units, one of the highest...
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