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Source: National Association of Realtors Johnson City, TN Economic Statistics Population Growth (2023): 0.3% GDP Growth (2023): 9.0% Tennessee’s economy has diversified significantly, with strong job creation in healthcare, logistics, technology, and manufacturing. Multifamily Cap Rate (Q3-’24): 7.6% Job Growth (Q3-’24): 1.3%
Source: National Association of Realtors Greensboro, NC Economic Statistics Population Growth (2023): 0.7% GDP Growth (2023): 5.8% Source: National Association of Realtors Greensboro, NC Economic Statistics Population Growth (2023): 0.7% GDP Growth (2023): 5.8% Today, in addition to remaining a center of the U.S.
The last time he was on the podcast, in late 2023, his team was just beginning to establish this concept of maintenance analytics. Ray Hespen, who is a frequent flier on The Property Management Show, joined us again to discuss maintenance metrics and how measurement improves resident satisfaction and owner NOI. Its a super-high trust game.
His term as president ended in 2023, but hes been involved with the association in one way or another for his entire career in real estate. Tim Wehner is a former president of the National Association of Residential Property Managers (NARPM ). Back in 2009, we were a small company with around 120 units.
The Challenge: A Crowded Market The property management industry has been growing by about 5% per year between 2018 and 2023. Add in the influx of real estate professionals and the rise of prop-tech companies, and its clear: property managers face fierce competition for new clients.
But when we look at the rate of growth that companies expect, we can see that they anticipate a slower pace of revenue growth over the next two years than they did back in 2023. On one hand, companies are anticipating less revenue growth over the next two years than they projected in 2022 and 2023.
This marks a sharp improvement from October 2023, when rates peaked at 8.01%, a 23-year high. This is a huge improvement compared to October 2023, when rates hit a historic 23-year high of 8.01%. Whether rates will continue to fall depends on factors like inflation and economic stability. So, lets break it down in simple terms!
Already the nations third-most-populous state, the Census Bureau estimates that Florida experienced a net gain of more than 1 million residents between 2020 and 2023. Florida Rental Market Trends in 2025 With its warm climate and thriving economy, Florida stands out as one of the fastest-growing states in the U.S. GDP Growth (2022): 9.8%
Bloomington ranked in position #18 on Buildium’s list of up-and-coming real estate markets in 2025 due to its strong rent growth, vacancy rate, cap rate, and property price appreciation throughout 2023 and 2024. The state benefits from its central location as a national transportation hub. Multifamily Cap Rate (Q3-’24): 8.3%
These reforms included: Banning minimum lot sizes for ADU construction Eliminating impact fees for smaller ADUs Easing parking requirements Removing owner-occupancy rules Allowing multiple ADUs on certain lots In 2023, Los Angeles County issued over 45,000 ADU permits, much more than the 10,000 permits issued statewide in 2018.
Find Answers In Our 2023 Hiring And Retention Report. Operators Are Using AI Organization-wide I participated in the “AI and the Future of the Industry” session on Wednesday with Anne Baum, VP of Marketing at Towne Properties, Cindy Clare, Chief Operating Officer at Bell Partners and Ian Mattingly, President at LumaCorp Inc.
Number of Homes Leased The number of homes leased in Q4 2024 dropped to 348, marking a 39% decrease from 573 homes leased in Q4 2023. This represents a 5% increase from $1,518 in Q4 2023 and a slight rise from the $1,550 average in Q3 2024. This year, however, the market threw us a curveball. Meanwhile, the number of homes rented?
Colorado Security Deposit Laws The limit to what you can charge in a security deposit changed in August of 2023, and by now you should be fully up to speed with the new law. At the end of your lease term, you’ll be required to offer the existing tenants a lease renewal, unless you can provide a just reason for them not to be renewed.
The Haustay Approach: Strategic, Hands-On, and Hyper-Local In early 2023, the property owners made the decision to switch to Haustay , a local team specializing in vacation rentals throughout North County San Diego. When it comes to vacation rentals, success hinges on more than just location. Have a property that isnt reaching its potential?
This stance has been reaffirmed by courts on numerous occasions, such as in a 2023 Mumbai case where a resident was barred from obstructing others’ access to the terrace. Apartment terrace ownership and access rights are one issue that keeps coming up in the ever-changing world of high-rise living.
population growth, while upping immigration estimates to 4 million combined in 2022 and 2023, the report says. Still, the report notes that immigration represents a source of demand for multifamily, and that remains uncertain with the new administration. Census Bureau recently increased its estimate of international immigration to 2.8
The Haustay Approach: Strategic, Hands-On, and Hyper-Local In early 2023, the property owners made the decision to switch to Haustay , a local team specializing in vacation rentals throughout North County San Diego. When it comes to vacation rentals, success hinges on more than just location. Have a property that isnt reaching its potential?
The settlement is the first to result from the Office of the Attorney General’s (OAG) lawsuit, filed in November 2023. WASHINGTON, D.C.: Attorney General Brian L. Schwalb said William C. Smith & Co., to inflate rents at more than 50,000 apartment units across the district, according to a release. “ Rents in D.C. I commend W.C.
In 2023, she needed a larger home for her growing family. Consider a 1031 exchange to defer capital gains taxes when reinvesting in another rental property. Move back in if circumstances change. Real-Life Example: A Smart Investment Sarah bought her home in 2015 with a 3.5% mortgage interest rate.
Florida has historically been considered an ideal state to purchase a winter home. Not only is it easy to get to, but condominium units were plentiful and very affordable. However, a recent law is making prospective buyers think twice about buying a condo unit in Florida. Table of contents What is a reserve fund? For some, that just isnt possible.
Hereâs What to Do: A Guide for Hosts & Vacation Rental Managers RACHEL SCOTT July 24, 2023 Are you an Airbnb host, Vrbo host, or a vacation rental manager and finding slow business lately? Published on 22 Jan 2023 TABLEÂ OFÂ CONTENT Subscribe to our newsletter Thank you! Static page. Your submission has been received!
Between 2009 and 2023, the percentage of new homes built within HOA communities increased from 49% to 65%, according to U.S. As new HOA facts and data roll in for the year, the numbers tell a compelling story of growth, scale, and influence in residential neighborhoods. For one, California leads the country with about 4.9 Census data.
Your comprehensive manual for setting up an EV charging station in Indian apartment buildings Thinking about switching to an electric vehicle (EV)? Or do you already have one and want to know how to charge it in your apartment block at home? You’re not by yourself. This is all the information you require. Not as desirable.
Office occupancy in the United States was at approximately 50% as of May 2023, which is a sharp drop from pre-pandemic levels when office buildings were usually almost full. Compared to 2023, sales activity climbed by 20% to $63.6 What are RTO Effects on Values of Commercial Buildings? billion in 2024.
Published on 22 Jan 2023 TABLEÂ OFÂ CONTENT Subscribe to our newsletter Thank you! is well underway and short-term rental (STR) hosts are already seeing the impact. Static page. Your submission has been received! Something went wrong while submitting the form. For the ToC we use H1-H4 Mi tincidunt elit, id quisque ligula ac diam, amet.
2023 marked a 30-year high for new multifamily units completing construction, and 2024 saw new completions increase even further. Rents fell 0.2% in January a month that typically marks the bottom of the rental market each year, before rents start to rise in the spring. Year-over-year growth also remains negative at -0.5
She highlighted a major milestone: “In 2023, Saskatchewan officially recognized American Sign Language in the Accessibility Act. Saskatchewan Deaf and Hard of Hearing Services (SDHHS) is expanding American Sign Language support in Saskatchewan, helping families build communication skills and connection.
Thank you for signing up! Something went wrong while submitting the form. FREEÂ REPORT The Rise of the Stays Industry Get It Now All posts How to Vet Your Data: 5 Questions for Every Short-Term Rental Host RACHEL SCOTT June 6, 2025 Letâs talk about data quality in the short-term rental world. â Not all data is created equal.
Back in 2023, Cornwall was the location that saw the highest volume of visitors per month (710,860) in the UK. Reading Time: 7 minutes With millions of people booking a cottage holiday in the UK last year, its clear that the demand for holiday cottages isnt drying up any time soon. Are holiday homes a good investment?
We were fresh off a year of digital acceleration, AI buzz, and evolving resident expectations. Now, midway through 2025 with a few more market shifts (and one major layoff) under my belt, I thought it was the perfect.
According to the Metropolitan Indianapolis Board of Realtors (MIBOR), the median home price in Indianapolis rose to approximately $250,000 in 2023, marking a sharp increase from pre-pandemic levels when prices hovered around $170,000. However, recent trends indicate achieving positive cash flow in Indianapolis is becoming more challenging.
We like to call this the “All in One” approach—a seamlessly designed ecosystem made especially for the vacation rental world. What is a “Apartment Management Software”? Think of it as a swiss-army knife tailored for vacation property owners, managers, and rental businesses. Why Opt for an Apartment Management App?
FREEÂ REPORT The Rise of the Stays Industry Get It Now All posts Vacation Rental Host Mistake: Not Automating Everything You Can RACHEL SCOTT October 20, 2023 As a host, one thing you need to understand is that competition among short-term rental properties is incredibly high. Thank you for signing up! â Want to know more host mistakes?
Published on 22 Jan 2023 TABLEÂ OFÂ CONTENT Subscribe to our newsletter Thank you! Hereâs What Hosts Need to Know RACHEL SCOTT July 1, 2025 If you havenât heard of Vrboâs new âLast Minute Dealsâ feature, itâs time to catch up. â Should Vrbo Hosts Use It? â That depends, and youâll want to weigh the trade-off. Static page.
Published on 22 Jan 2023 TABLEÂ OFÂ CONTENT Subscribe to our newsletter Thank you! Get It Now All posts 10 Up-and-Coming Markets for Short-Term Rental Investment in 2025 RACHEL SCOTT July 22, 2025 Looking for your next big short-term rental or Airbnb investment opportunity? Revenue per Listing : $68,457 Avg. Nightly Rate : $334 Avg.
Economists from TD predict that by the end of 2025, condo prices in Toronto will have dropped 15% to 20% from the third quarter of 2023. During this time, the Bank of Canada implemented a series of 10 rate hikes, pushing the overnight lending rate to 5% by mid-2023. TD estimates that nearly 75% of the condo market is investor-driven.
FREEÂ REPORT The Rise of the Stays Industry Get It Now All posts The Best Strategies for Remote Vacation Rental Management RACHEL SCOTT June 25, 2025 Managing an Airbnb property or a vacation rental can be a rewarding venture. It offers the potential for significant income and the flexibility to work from anywhere. It saves time and reduces stress.
Property tax hikes from Franklin Countys 2023 reassessment increased home values 3040% , leading to higher tax bills in 20242025. The rental vacancy rate stands at just 4.1% , significantly lower than the 6.8% national average , highlighting the ongoing demand for rental housing.
â â 30A My Way Location: Inlet Beach, FL Host: Holiday Beach Rentals â This vacation home was selected as one of Vrbo's 2023 U.S. Published on 22 Jan 2023 TABLEÂ OFÂ CONTENT Subscribe to our newsletter Thank you! FREEÂ REPORT The Rise of the Stays Industry Get It Now All posts Got a Luxury or Unique Vacation Rental?
in the third quarter of 2023, reflecting the challenges landlords and property managers faced in maintaining occupancy and revenue streams. Nevertheless, economic uncertainties endure, and enterprises are urged to actively observe market trends when evaluating sublease alternatives.
Thank you for signing up! Something went wrong while submitting the form. I started this blog to share my creative hosting ideas and help new hosts become Superhosts! When I decided years ago to start an Airbnb. I didnât know where to start first. I kept putting it off because I felt a little intimidated by the competition. Furnish the rooms?
It’s just a 5-minute walk from here, and the fresh pastries are divine.” – Lily, June 2023 This adds authenticity and fosters a sense of connection for your guests. Host Tools provides an automated, unified calendar for short-term rental hosts, allowing you to seamlessly list on all major channels. Start your free trial today!
However, its important to mention that major channels like Vrbo, Airbnb and Booking.com now offer a Request to Book feature to attract more of the luxury segment, and according to Sirettis Luxury of data report, published January 2025, the highest value luxury bookings made in 2023 were through these channels.
Most markets are seeing smaller increases in vacancy rates and fewer spaces coming back online compared to the period between 2021 and 2023. As of mid-year 2025, the U.S. office market appears to have reached its low point, with varying levels of recovery anticipated across the country during the latter half of the year. Average […]
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