Property Management News
The national median rent increased by 0.5% in May, and now stands at $1,379. This marks the fourth straight monthly increase, as the market enters the busy summer moving season. Rent prices nationally are down 1.5% compared to one year ago. Year-over-year rent growth ticked up slightly compared to last month, but remains near the lowest levels that we’ve seen in our estimates going back to 2017. The national median rent has now fallen from its 2022 peak by a total of 4.4%. The national multifamily vacancy rate currently stands at 7.2%, down slightly from the February peak. After hitting a new record in February, the vacancy rate is now decreasing for the first time in over four... Read more
What Happened: Consumer prices rose 0.5% month-over-month in May, according to the Bureau of Labor Statistics, easing slightly from a 0.6% gain in April. On a 12-month...
More tenants living in New York City’s least expensive housing units aren’t paying their rent — a trend that risks further destabilizing the city’s...
Key Takeaways Expert insights on rental property accounting guide Actionable strategies you can implement today Real examples and practical advice Rental...
Arbor Realty Trust’s latest Small Multifamily Investment Trends Report, developed in partnership with Chandan Economics, evaluates what’s driving this sector’s...
The rising threat of fraud in multifamily, where it is coming from, and a practical guide to protecting revenue, reputation, and resident experience. Fraud remains prevalent in the multifamily industry and shows no signs of dissipating. Bad actors are constantly finding new ways to circumvent systems, particularly through the use of generative AI and other bleeding-edge technologies, aiming to remain one step ahead of the industry’s fraud prevention and cybersecurity initiatives. The industry, naturally, has no choice but to fight back. A panel on the recent Entrata webinar Fraud: Multifamily’s Rising Threat discussed ways multifamily can short-circuit the fast-evolving fraud... Read more
Key Takeaways Expert insights on when to sell rental property Actionable strategies you can implement today Real examples and practical advice When to Sell Your...
Key Takeaways In expensive coastal metros, ownership is out of reach for the majority of families with young children, making renting the default for most...
A wave of apartment construction over the past couple of years has reshaped much of the U.S. rental market, but not evenly. While Sun Belt metros absorbed a historic...
Key Takeaways Domestic renter mobility has dropped to a historic low of 21.6 percent, down from 26.7 percent in 2014, as more renters stay put to avoid higher costs...
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