Property Management News
A senior is having a hard time living on their own because they can’t drive to get groceries, they need a chaperon for medical appointments, and they’re lonely where they are now. They’ve got zero intention of intruding on their kids’ lives, but they also don’t want to move into a nursing home. The middle ground? A rental apartment, preferably somewhere close to friends or family. The problem is that most rentals aren’t built in a way that makes older people safe and comfortable, so it’s slim pickings when you try to find an apartment for your aging relative, friend, or whatever. This is really unfortunate because it doesn’t take much to make these types of spaces... Read more
Rents are still rising nationwide, but at a slower pace than in years past. Plus, income is now growing at a faster pace and the slowdown is relieving some renters of...
A new survey of renters shows speed and ease matter the most in the renting experience at the same time long-term renting is becoming a deliberate housing strategy for...
For much of the past decade, success in multifamily real estate followed a simple formula: Buy a property with cheap debt. Raise rents. Sell. Rinse. Repeat. But that...
The national median rent increased by 0.5% in April, and now stands at $1,370. This marks the third straight monthly increase, as the market gears up for the busy...
KEY TAKEAWAYS Two-bedroom apartments posted the largest year-over-year rent decline at 1.7%. Overall multifamily rents have fallen for over 30 consecutive months across major US metros. Renting remains more affordable than homeownership, with a 55% average monthly cost gap. Despite recent declines, rents remain about 17% higher than in 2019. Two-Bedroom Units See Steepest Drop The multifamily sector’s rent slide continued in March, extending beyond 30 months of annual declines, reports Globe St. Two-bedroom apartments recorded the steepest drop. Median asking rents fell 1.7% year-over-year to $1,859. This decline outpaced both studio and one-bedroom units. Meanwhile, studio rents... Read more
For nearly all renters, Wi-Fi, that four-letter word, has evolved from a nice-to-have perk into a necessity. “Wi-Fi is now treated like the ‘fourth utility,’”...
Renters make small decisions fast. Before they ask about the lease terms, before they compare the square footage, before they picture where the sofa might go, they’ve...
Stop “Showing” Apartments. Start “Experiencing” Them! Are your leasing agents just glorified key-holders? If your standard tour consists of...
Key Takeaways Miami saw the largest rent increase among major U.S. cities, with average rents rising 53% since 2020 to reach $2,645 in January. Fast-growing Sun Belt...
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