Property Management News
San Francisco’s apartment vacancy has now fallen to a 20-year low, as a scarce amount of product breaks ground and demand remains high. According to data from CoStar, the market’s vacancy rate stands at just 3.8% while asking rents shot up 11% year-over-year in June, reflecting one of the strongest apartment recoveries among major US markets. In fact, San Francisco’s market rents now sit more than double the national average of $1,800, clocking in at $3,690 per month in June, up 1.8% from May rents, according to CoStar. This has led to San Francisco regaining its position as the nation’s most expensive apartment market, a position New York has... Read more
If you’re looking for a rental deal, tenants can find discounts in 60% of Southern California cities. My trusty spreadsheet reviewed June’s rent report...
You own your home outright or have significant equity. You’re relocating. Not selling. Natural question: “Why not just rent it out?” Sounds...
Data from the National Association of Realtors shows that the national median age for a first-time homebuyer is 40, the highest it’s ever been. Low housing inventory...
KEY POINTS The number of homes owned by institutional investors listed for sale is more than double what it was at the start of February, according to an analysis from...
We tell residents they should feel at home in their community. We tell employees they’re a core part of that community. But do our day-to-day operations actually make either group feel seen, heard, or valued? It’s no secret that the landlord-tenant relationship has historically carried an adversarial tension. Landlords protect their property; tenants protect the place they call home, and those interests have not always felt aligned. That rift can exist in both residential and commercial property relationships. But what if a better relationship model could help create the sense of community we are all seeking? What if hospitality offers a way out of that inherited adversarial... Read more
A resident has been violating a community rule for months. There has been thorough documentation, staff has issued reminders, and management is finally ready to...
Southern California’s rental market is costlier to the south, but landlords have more pricing power to the north. That’s a theme within my trusty spreadsheet‘s...
Apartment market conditions tightened while debt and equity financing dynamics worsened over the past three months, according to a new survey from the National...
KEY TAKEAWAYS Gen Z adults living at home represent latent rental demand in several US metros, with McAllen, TX, leading the list according to Chandan...
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