Property Management News
Newly completed apartments are accounting for most of the demand, leaving a more difficult leasing environment for many stabilized properties despite an improvement in the national vacancy rate. Four- and five-star communities absorbed more than 111,000 units in the second quarter or nearly 68% of total U.S. apartment absorption. Those properties are pulling renters into recently delivered inventory, but they also continue to carry a 10.2% overall vacancy rate—the highest among property-quality segments. The figures come from an analysis provided by CoStar and Apartments.com and authored by Grant Montgomery. Its central finding is that a declining headline vacancy rate is not... Read more
San Francisco rents set yet another record in September, with median prices posting double-digit gains from a year ago – by the largest margin this decade. The...
Three-quarters of renters are willing to pay an additional monthly fee for at least one added service, according to a new report from Foxen. Foxen, a proptech firm...
KEY TAKEAWAYS The national median rent fell 0.1% in September to $1,388, the first monthly decline since January but milder than both recent years and the pre-pandemic...
Your renewal conversation just got more dangerous. Not because tenants are leaving. Because they’re not. And that changes everything about how you should...
Multifamily has spent years asking what amenity to build next. I think there is another question we need to ask first: Are we creating enough value from the amenities we already have? Picture a beautiful resident lounge. Designer furniture. Statement lighting. Multiple seating zones. Maybe a fireplace, coworking tables and a television wall. It photographs beautifully. It appears prominently on the property website. The leasing team points it out on every tour. Ownership invested significantly in building it. There is only one problem: Residents rarely use it. Is it still a successful amenity? That question has been on my mind as the multifamily industry continues to rethink what residents... Read more
As a landlord, you’ll likely reach a point where you want to grow your portfolio – it’s a natural next step. The idea seems simple enough. Your first...
Someone calls to ask about an apartment. It’s available, but you’re dealing with a showing and you can’t handle the call at the exact moment. By the time you...
Cars and trucks end up going through apartment building walls more often than you think and it is a loss owners do not plan for and then there are floods. Ask an...
KEY TAKEAWAYS Households in expensive US metros may face decades-long waits before buying becomes more cost-effective than renting, per Zillow. Markets like San Jose...
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