Apartment building hit a 50-year high in 2022, according to analysts at Yardi Matrix. New housing is often marketed as “luxury” to justify prices set for high-wage earners, particularly in U.S. cities with strong job markets. Despite a recession, it is expected that more than 400,000 units will be completed in 2023, according to Yardi […]
Property Management
There are more baby boomers buying homes than millennials
The share of Generation Z home buyers rises to 4% Home buyers aged 35 and older now make up 39% of the market – the largest share of any generation. As of now, Generation Z makes up 4% of homebuyers, with 30% moving from a family member’s home directly into their own. All generations are […]
Can I Limit the Number of People in My Rental Property?
Is it possible to limit the number of people in my rental property if it is on a septic system? As long as you comply with all relevant housing laws, you can limit the number of tenants in your rental property. You should check your state and local health and safety codes. Even if they […]
Rent growth decline combated by new revenue streams: NOI drivers
With short-term leases and flexible stays, multifamily operators are finding new rent revenue streams by identifying new net operating income (NOI) strategies. A historic period of rent growth ended last year, followed by several months of decline into 2023. Year-over-year rent growth continues to slow, according to Apartment List’s April National Rent Report. Multifamily owners/operators […]
Drugs and Your Rental Property
There are a number of tell-tale signs of residual drug effects on your rental properties, which can cause both landlords and tenants problems. You may have seen the wake left by a boat if you’ve ever been on one. No matter how fast a boat is going, it is impossible not to disturb the pristine […]
The Best Way to Hire a Property Manager for Your Rental Property
Revenue can be generated from rental properties in a variety of ways. It is important to note, however, that your investment’s success depends heavily on the quality of your property management. It can be difficult to find a quality property manager (PM). The needs of a property must be assessed based on many factors. To […]