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Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

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.

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Tenant Owes $21,000 in Late Fees: Court Rules in Landlord’s Favor

American Apartment Owners Association

In a ruling that could reshape how landlords approach late rent fees, the Kansas Supreme Court last week upheld a district court’s decision requiring a tenant to pay over $21,000 in late fees for missed rent payments dating back to 2020. The district court ruled that Foster owed $5,700 in unpaid rent and $21,240 in late fees.

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Spotlight Interview: Tim Wehner, Past NARPM President & Property Manager Extraordinaire

Yardi Breeze

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. Looking ahead, AI could be used to analyze leases and answer questions like, When is my rent due? or What happens if Im late? Theres a severe lack of inventory.

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Residential Property Maintenance Metrics and Improving NOI (with Ray Hespen)

Fourandhalf

The last time he was on the podcast, in late 2023, his team was just beginning to establish this concept of maintenance analytics. No one wants to turn a property when maintenance costs are higher and rents are holding or even compressing. With rents not rising but maintenance costs going up, is the 12 percent rule still accurate?

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Rents Decline Again In January- Have They Hit Bottom?

Rental Housing Journal

Nationwide rents declined again in January for the sixth month in a row, according to the February report from Apartment List. 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

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Understanding Colorado Springs Rental Laws

Muldoon Associates

Just Cause Eviction Protections in Colorado Thanks to HB24-1098, landlords must now have “cause” to evict a tenant or even to decline a lease renewal. You can no longer simply let the lease term end and expect the tenant to leave. You’ll have to give your tenant at least 60 days of notice before the rent increases.

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Rents Rise Slightly For Second Month In A Row

Rental Housing Journal

March saw national rents rise slightly for the second month in a row, according to Apartment Lists April report. While the last two months have seen some rent increases, overall national year-over-year growth remains negative at -0.4 At the local level, 82 of the nations 100 largest cities saw rents rise in March.