Property Management News
Nationwide, renters who move to a different apartment within their area in under two years represent 38% of all apartment renters on the move, according to new data from RentCafe. The reasons for moving are often related to finding jobs and better housing — trends that still hold firm even with the rise of remote work. Highlights of the report: Austin renters are the most mobile in the nation; 54% relocated within the metro in just two years. The share of Austin renters moving this frequently surged by 34% between 2018 and 2023. In Provo, Utah (No. 2), 60% of renters switched homes within just two years, which is the highest share of any metro area. This metro’s... Read more
The Problem with Today’s Apartment Websites Lucy opens her ChatGPT app and types in this prompt: “I’m moving to Kansas City, Missouri next month for...
When you’re investing in multifamily properties, it’s easy to focus on rental income, occupancy, and appreciation. But smart investors know the real test of...
Only a handful of the nation’s largest apartment markets have achieved uninterrupted year-over-year rent growth over the past five years—and most of them are in...
Key Takeaways US average multifamily rent fell by $6 to $1,750, the largest September drop since 2009 and the worst monthly decline since late 2022. A glut of new...
As a landlord or apartment building manager, few things impact tenant satisfaction (and your bottom line) more directly than the building’s heating system. When temperatures drop, tenants expect consistent, comfortable heat. But when the boiler system falters, it can quickly lead to tenant complaints, legal issues, and expensive emergency repairs. Understanding the early warning signs of boiler trouble can help you address issues proactively, avoid system failures, and extend the life of your equipment. Here’s what to look for and what steps to take when problems arise. 1. Inconsistent or Uneven Heating Are your building tenants reporting uneven heating? For example, do... Read more
As the holidays approach, property management professionals face the annual challenge of balancing festive spirit with compliance. Communities come alive with lights,...
Apartment rents slipped for the first time since the Great Recession, signaling a cooling market driven by oversupply. Developers are pulling back—but economists warn...
How hiring the wrong team—or ignoring routine care—can drain your profits. Maintaining a multifamily property isn’t just about patching drywall or cleaning between...
Deciding between a long-term and short-term lease agreement is one of the most important choices a landlord can make. Each option comes with its own benefits,...
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