What Does ‘Sharp Pullback’ in Multifamily Construction Permits Mean?
Rental Housing Journal
by John Triplett
4d ago
The recent sharp pullback in multifamily construction permits means fewer multifamily projects getting underway, Apartment List says in a new report. While the number of multifamily units under construction peaked in late 2023 at a record level, and with nearly a million units still in the pipeline, this year is still on track to bring even more new inventory than last. However, “the end of the current supply boom is already in sight. There has been a sharp pullback in the number of new multifamily projects getting underway, and that will translate to a slowdown in apartments hitting the marke ..read more
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May Multifamily Performance is Modest
Rental Housing Journal
by John Triplett
4d ago
While May showed positive multifamily performance with healthy demand for apartments, the ongoing supply is still a challenge in some markets, according to Yardi Matrix in its May National Multifamily Report. Thus, May was a “mixed bag” of information. “Rents are rising seasonally, but the 1.0% year-to-date increase is about half of the average growth rate for the five years before the pandemic,” the report says. The good news: “Demand remains positive as the economy continues to create jobs,” with 2.8 million added in the 12 months ending in April, according to the Bureau of Labor Statistics ..read more
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5 Easy Upgrades for Your Rentals This Summer
Rental Housing Journal
by Kenneth Gordon
4d ago
Here are 5 easy upgrades for your rentals this summer as the weather is getting nicer, the sun is shining brighter, and the days are longer, so time for upgrades to attract tenants during the moving season. For many rental property owners, this means it’s time to get started on summer projects, which can range from very small updates to the interior to major renovation projects, such as remodeling a bathroom or replacing siding all to help attract tenants. Here are 5 easy upgrades for your rentals this summer You can still make a huge impact by making minor changes  that are simple and do ..read more
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FBI Searches Property Management Company in Rent Price-Fixing Investigation
Rental Housing Journal
by John Triplett
1w ago
The FBI searched property management company Cortland Management’s headquarters in Atlanta in an unannounced search on Wednesday, May 22, according to several reports, as part of a multifamily rent price-fixing investigation. National apartment developer Cortland Management’s Atlanta office was searched by the FBI under a limited search warrant, a representative for Cortland confirmed. The warrant was connected to an investigation by the Department of Justice (DOJ) into potential antitrust violations in the multifamily housing industry, according to a statement from Cortland. The FBI property ..read more
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Multifamily Indicators Flat in May
Rental Housing Journal
by The Editors
1w ago
While 2024 may have peaked, 2025 looks more positive as multifamily indicators in May were mostly flat, writes Chris Nebenzahl in his weekly rent and operating trends report for Radix. “Traffic and leasing have remained unchanged for the past few weeks, and I believe we have seen the peak for both leading indicators this year at the national level. Rent growth and occupancy continue to improve as they dig out from the now two-year slumps,” Nebenzahl says. Some highlights of his multifamily indicators report: For the third consecutive week, traffic and leasing have remained unchanged at 8.2 an ..read more
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New Apartment Refrigerant Requirements Coming
Rental Housing Journal
by The Editors
1w ago
There are new refrigerant requirements coming for apartment communities in the HVAC field for 2024 and beyond to replace R-22 and R-410a. By Richard Berger For apartment communities, there is massive change ahead regarding refrigerants. While the changes are not at the technician level yet – and won’t be until later this year regarding behavior and supplies – the financial impact is expected to be huge beginning in 2025, according to Paul Rhodes, founder, Directional Maintenance Services. In response to regulatory changes, the refrigerant industry has been doing its best to create a refrigeran ..read more
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4 Kinds Of Front Doors For Your Rental And Pros And Cons Of Each
Rental Housing Journal
by The Editors
1w ago
Here is a look at 4 kinds of front doors you can choose for your rental property when you are making repairs or replacing and the pros and cons of each. The look, feel and features of a rental property’s front door are more important to tenants than landlords and property managers might think. So taking a look at front door material and the look of the door is the maintenance checkup from Keepe. The front door is one of those subtle elements that can actually make a big difference to the overall feel of a property. Experts point out that a property’s front door can actually be responsible for ..read more
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Rent Prices Up Slightly For 4th Month, but Vacancies High
Rental Housing Journal
by John Triplett
2w ago
Rent prices continued to move up in May, the fourth consecutive month, Apartment List says in its June report. Eighty of the nation’s largest 100 cities had rents increase in May, according to the report. But on a year-over-year basis, rent growth is positive for only 43 of these cities. While there have been steady small monthly increases, overall rent growth remains sluggish so far in 2024. “The national median rent increased by 0.5% in May and now stands at $1,404, but the pace of growth slowed slightly this month. This is typically the time of year when rent growth is accelerating amid the ..read more
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The Top Online Reputation Management Musts
Rental Housing Journal
by The Editors
2w ago
What are the top online reputation management (ORM) musts to maintain a solid reputation and presence on relevant online platforms? By Julia Crawford Proactively maintaining and nurturing a healthy online reputation profoundly impacts resident decision-making, property performance and brand visibility. Feedback also provides real estate companies the ability to improve operations and mitigate risks. With 79% of residents making their leasing decisions based on ratings and reviews, online reputation management (ORM)is vital in the growing competition in multifamily. A positive reputation builds ..read more
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May Shows National Rent Growth Rates Over 1%
Rental Housing Journal
by John Triplett
2w ago
National monthly rent growth rates topped 1% in May, with the exception of large California cities that saw declines, Zumper says in its monthly report. “May marks the first time we’ve seen national monthly growth rates of over 1% since October 2022,” said Zumper CEO Anthemos Georgiades in a release. “This notable rise in rent coupled with the current persisting inflation suggests that there will be even more pressure put on the CPI (Consumer Price Index) in the coming months, and rate cuts by the Fed may be pushed back further than previously anticipated.”   Highlights of the report: Th ..read more
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