Property Management News
Hula Hoop. Pet Rock. Rubik’s Cube. All fads that had their moment and, every once in a while, resurface with a new generation. There is another old/new idea that is becoming a more popular option in an expensive and competitive real estate market: renting by the room. A look back in history would show that renting by the room is not a new concept; in fact, it has probably existed for thousands of years in one form or another. But today’s environment brings challenges that likely never existed before. So let’s take a deeper dive into this scenario and see how it may affect you as an owner and investor. If you are like other investors, you have enhanced your portfolio with... Read more
Across the country, the arrival of new units will affect occupancy, rental rates and operations in 2025. As we contemplate the opportunities in multifamily, we simply...
Successfully managing rental properties can feel like balancing multiple roles at once. From ensuring tenant satisfaction to handling maintenance issues and complying...
Finding an apartment in a major U.S. city for less than $1,000 per month has become more difficult lately, but in some metros, such as Oklahoma City and Pittsburgh,...
2024 marked a ‘return to normal’ for the multifamily industry. Rent prices increased by 1%, retention rates were above average, a record number of new units...
Key Takeaways Vacancy rates have leveled off for the first time in three years as apartment demand reaches its highest point since 2021. If demand continues to grow, landlords may gain more pricing leverage, potentially leading to rent hikes starting in 2025. Investors are returning to the apartment market, with transaction activity rising in cities like Denver, San Francisco, and Washington, D.C. According to WSJ, after years of rising vacancies driven by a historic construction boom, the U.S. apartment market is showing signs of recovery. The Bigger Picture For the first time in three years, vacancy rates are holding steady as demand has climbed to its highest levels since 2021. This... Read more
Los Angeles City Council members introduced a motion during a meeting Tuesday that would prevent landlords from raising rents or evicting people impacted by fires that...
Even though the peak leasing season is winding down, there’s still a steady stream of renters looking for a new place. People move for various reasons throughout...
The number of renter households grew 2.7% in the third quarter of 2024, the second biggest year-over-year gain since 2015. The number of homeowner households grew...
Regarding fire safety, properly operating smoke detectors is one of the most essential tools for alerting property owners and firefighters of dangerous home and...
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