Property Management News
KEY TAKEAWAYS US average apartment rents rose 0.1% in June, with San Francisco leading among major metro areas at 0.7% monthly growth. The national average rent reached $1,742, while annualized gains slowed to 0.8%, down from 1.2% a year prior. Surging supply still pressures rents, especially in the South and Mountain regions, while tech-heavy Bay Area markets outperform. Subdued Spring Caps Sluggish Growth The apartment market ended the spring leasing season on a muted note, as US rents inched up an average of 0.1% in June, per CoStar Analytics. This modest increase lifted national average rents to $1,742, up just $2 from May’s revised $1,740. Despite seasonal expectations for... Read more
I bought my first apartment building after years of flipping single family houses, and the day I closed it I realized I had been working twice as hard for half the...
Key Takeaways On-time payments came in at 83.8% in June, little changed from May’s revised estimate of 83.9%, suggesting that the recent recovery in rent...
Best budgeting apps for landlords start with a personal finance tool that keeps day-to-day spending under control, then add a property-specific platform once per-unit...
Key Takeaways On-time payments came in at 83.8% in June, little changed from May’s revised estimate of 83.9%, suggesting that the recent recovery in rent...
New York City Mayor Zohran Mamdani barreled into City Hall vowing to tackle the city’s notoriously high cost of living, partly by fulfilling a campaign promise repeated with almost monomaniacal zeal in social media ads, speeches and rallies: “As your next mayor, I will freeze your rent.” On Thursday evening, a board he controls made good on that signature pledge. The city’s Rent Guidelines Board, an independent panel of mayoral appointees, approved a rent freeze covering both one-year and two-year leases for people living in about 1 million rent-stabilized apartments. The vote, while expected, is a big win for Mamdani, allowing him to beat back skepticism over his ability to deliver... Read more
The supply-and-demand setup in the Chicago metro is as good as it has been in a decade, says Galen Faurot-Pigeon, industry principal, multifamily, for Real Estate...
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...
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...
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