Property Management News
Though many of your apartment community’s units may have similar layouts, rooms, and square footage, each has unique qualities. Those unique qualities are called unit amenities, both positive and negative differentiators that affect their value and desirability. By charging for those differentiators in your rent pricing strategy, you can: Lease all units faster. Boost your apartment’s revenue. Offer your renters more transparency when choosing which unit to lease. Here’s a step-by-step guide to implementing unit amenity pricing in your community. Step 1: Identify Positive and Negative Unit Amenities First, you must analyze every unit in your apartment community to... Read more
Key Takeaways Over 54% of market-rate apartment renters renewed leases in the year ending October 2024, up 120 bps from the previous year. With record-high apartment...
Because of their capacity to improve an investor’s cash flow, generate multiple streams of income and boost their net operating income (NOI), multifamily properties...
The Fair Housing Act (FHA) requires property managers to provide reasonable accommodations for residents with disabilities to ensure equal access and enjoyment of their...
You may think improving your apartment building’s exterior is a daunting task. However, with a few simple and cost-effective strategies, you can make a big difference...
National REITs like Avalon Bay Communities and local investor-operators have completed many ADU projects, are pleased with the results, and plan to keep building more. Changes in state law have made accessory dwelling units the fastest-growing sector of California’s housing market, and multifamily owners have embraced the trend. National REITs like Avalon Bay Communities and local investor-operators have completed many ADU projects, are pleased with the results, and plan to keep building more. Multifamily owners have turned carports, greenways, storage spaces, and laundry rooms into entry-level apartments, sometimes in less than a year from conception to completion. The ability to build... Read more
The multifamily vacancy rate fell to 5.3% in the third quarter, down from 5.5% at the end of June, according to CBRE. Renters absorbed 153,300 units, one of the highest...
ADUs (Accessory Dwelling Units) and tiny houses have become distinctive living solutions in compact living. Understanding these options’ differences is crucial for...
As high-net-worth individuals and families think about building generational wealth, they are looking for ways to create a legacy that spans decades. With the largest...
Luxury: Anything conducive to physical comfort. The enjoyment of sumptuous living. — The American Heritage Dictionary of the English language, New College...
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