Property Management News
I’m sure that you’ve heard the chatter: short-term rentals are “dead,” Airbnb is oversaturated and no one is making money on the platform. The truth is that yes, Airbnb is more competitive than ever and the bottom 50% of operators are struggling to make positive returns. However, top operators are making more than ever. New tools have made it easier than ever to “rinse and repeat” winning strategies and scale STR portfolios into multi-million dollar businesses. You cannot purchase a house in a good location, throw it on Airbnb and expect it to be a winner. Finding and operating a successful short-term rental takes research, planning, and leveraging these short-term... Read more
Key Takeaways Fire deaths occur at one-fourth the rate in new multifamily buildings compared to modern single-family homes. Features like sprinklers, fire-resistant...
As the weather starts to cool and we head into fall, it’s a good time to start thinking about winter prep. Smart property technology can do a lot of the heavy...
Fraud has long plagued the multifamily sector, but the scope and sophistication of the problem are now reaching new levels, fueled by technology and shifting consumer...
The national median rent dipped by 0.4 percent in September, marking the second straight monthly decline, according to the October report from Apartment List. In...
New York City homeowners can now apply to add basement, attic, and backyard apartments to their existing properties. On Tuesday, the city launched an applications portal for ancillary dwelling units (ADUs) at one- and two-family homes across the five boroughs, a key part of Mayor Eric Adams’ City of Yes housing plan that passed last year. Adams also announced the “ADU For You” program to provide guidance and resources, including design help, to homeowners building ADUs. “Too many New Yorkers are forced to choose between having a roof over their heads in an Ancillary Dwelling Unit or living in safe, regulated housing. New Yorkers no longer have to choose,” Adolfo Carrion, Jr.,... Read more
KEY TAKEAWAYS A surge in unsold homes converted to rentals is slowing rent growth, with projections showing just a 0.8% increase in 2025, the weakest since...
The restoration of full 100% bonus depreciation in 2025 has supercharged the value proposition of 1031 exchanges, fundamentally reshaping the landscape for...
A new survey reveals persistent multifamily renter defaults driven largely by economic instability that are placing increasing pressure on operations. A national survey...
The cost varies widely based on many factors. An apartment complex typically costs between $3.8 million and $30 million to build, or $75,000 to $600,000 per...
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