Property Management News
After racking up almost 2,000 violations, two Bronx landlords have been ordered to pay tens of millions of dollars in penalties over the conditions of their buildings. Karan Singh and Rajmattie Persaud, the owners of Robert Fulton Terrace and Fordham Towers, have been slapped with a $31M judgment in a lawsuit brought by the New York City Department of Housing Preservation and Development, Mayor Zohran Mamdani and HPD Commissioner Dina Levy. As part of the judgment, over $900K will be frozen from Singh and Persaud’s bank accounts. A housing court judge ordered an independent chief restructuring officer to be appointed. They will use the funds to make critical repairs... Read more
Chandan’s Economic April data shows the independent rental market starting to stabilize. On-time rent payments increased to 84.5%, marking the sixth gain in the...
KEY TAKEAWAYS Apartment concessions rose to 16.9% of stabilized units in March 2026, the highest since 2014. Class C apartments led with a 21.5% concession rate,...
Seattle renters looking for a three-bedroom house with a yard are finding out the hard way that the classic family rental is quietly disappearing. What used to be a...
The multifamily market of 2026 is a renter’s market in ways that are putting real pressure on operators. National vacancy rates have climbed to modern peaks, driven...
For almost all of human history, the word “exodus” has represented a mass departure or emigration of a large group of people from a specific location at the same time, often used to describe a group of people fleeing a situation. Across the United States, a growing number of small landlords are choosing to sell their rental properties, a trend many are calling the “landlord exodus.” While large institutional investors have continued expanding in some markets, independent landlords—those who own one to 10 rental units—are increasingly stepping away from the business. This shift is beginning to reshape the rental-housing landscape, affecting tenants, local communities, and the... Read more
Smarter pet management keeps renters, protects income with pet-friendly policies and becomes a part of operational strategy in multifamily. Among today’s renter...
Multifamily operators are embracing AI quickly, but integration problems are still doing more to slow adoption than ROI concerns or staff training gaps. Leasing has...
KEY TAKEAWAYS Multifamily rent growth in April 2026 increased 0.2% month-over-month to $1,730. Annual rent growth slowed to 0.5%, the weakest April since 2014 outside...
Using Zillow Observed Rent Index data, this analysis compares average rent levels in the New York City metro area with the US average, tracking the percentage premium...
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