Property Management News
Manhattan and Brooklyn rents have reached new highs as the cost of living continues to rise across New York City. A report from the Corcoran Group found that the median rent for market-rate residential buildings in Manhattan reached $5,295 per month at the start of summer, up 3 percent since May and 8 percent year over year. Across the East River, Brooklyn’s median rent for market-rate units reached $4,350 last month, an 8 percent annual increase. The continued surge reflects the city’s limited housing inventory, with Manhattan’s already-tight vacancy rate falling from 1.57 percent in May to 1.49 percent in June. “Manhattan renters are chasing a shrinking pool of available... Read more
Mayor Zohran Mamdani released the highly anticipated findings from his administration’s “Rental Ripoff” hearings on Thursday and laid out a list of ways that the...
In Nashville, Tenn., the landlords come to you. At least, it looked that way from the texts showing up on Mason Comans’ phone a few months ago when he was...
Smart apartment owners and operators are pouring money into marketing, but too often they are chasing noise instead of net operating income. At this year’s...
Let’s talk about the phone. With all the new AI assistants, chatbots, and automated answering strategies, it’s easy to think the traditional phone call is a...
In conventional multifamily, it’s easy to assume that competition is driven by what residents can see: upgraded finishes, new amenity packages or the latest design trends. While those elements still play a role in attracting residents, they are no longer the primary drivers of long-term satisfaction. What matters most today is far less visible — and far more difficult to execute consistently. Communication, safety and cleanliness have emerged as the defining factors of the resident experience. These are not new concepts, but resident expectations around them have shifted significantly in recent years. What was once considered “good service” is now viewed as the baseline. For... Read more
A Portland-based landlord accused of wrongly evicting a Vancouver renter and her ill mother has agreed to pay $725,000 in what tenant attorneys say is Washington’s...
It’s as close as you can get to living in the clubhouse,” says Nicholle Soendker, director of residential marketing for Cordish Living, which developed several...
Summary The traditional path to homeownership is evolving, with affluent Americans increasingly choosing to rent their primary residences. This shift is driven by...
Apartment amenities have long been treated as an arms race—flashier, trendier and more eye-catching than the competition. But that approach is starting to look...
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