Property Management News
The national median rent increased by 0.5% in April, and now stands at $1,370. This marks the third straight monthly increase, as the market gears up for the busy summer moving season. Rent prices nationally are down 1.7% compared to one year ago. Year-over-year rent growth is now at the lowest level that we’ve seen in our estimates going back to 2017, surpassing a record set in the early months of the pandemic. The national median rent has now fallen from its 2022 peak by a total of 5%. The national multifamily vacancy rate ticked down to 7.2% this month. After hitting a new record in Q1, the vacancy rate may have now hit its peak and turned the corner. This marks the first time that... Read more
I have to start by giving credit where it’s due. My friend Lisa Trosien has been on a tear lately on LinkedIn—calling out something our industry needs to...
Each quarter, RentCafe releases its Rental Competitiveness Report to share how markets are comparing against one another for apartment hunters nation-wide. As of...
When Aron Sotnikoff got a letter from an attorney seeking a payout for an apartment tenant who slipped and fell in standing water at one of his firm’s...
KEY TAKEAWAYS Two-bedroom apartments posted the largest year-over-year rent decline at 1.7%. Overall multifamily rents have fallen for over 30 consecutive months...
AI is not a replacement for a property management platform, but it can help with administrative functions. Beware of its potential bias, legal issues and hallucinations. Property managers have long used technology to improve efficiency. Generative AI (GenAI) enables a growing range of efficiencies that reduce time spent on administrative functions, allowing managers to redirect that time to higher-value work. AI adoption for property management jumped from 20% in 2024 to 58% in 2025, according to Buildium’s 2026 State of the Property Management Industry Report. James Scott, director of the Real Estate Transformation Lab at MIT’s Center for Real Estate, recently shared his expertise... Read more
Unexpected property damage can disrupt finances and timelines with little warning. Repairs may be required immediately to prevent further deterioration or safety...
The moment a property manager issues a denial letter, the professional relationship enters a high-stakes phase. While automated screening tools provide a necessary first...
The multifamily property management industry has long operated on a simple formula: more units means more people. For every few hundred apartments, you need leasing...
The U.S. rental market is being shaped by cost, geography, and unequal access rather than individual preference, according to a new report from...
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