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Annual rental market update: New data you can use now

Yardi Breeze

The two most significant factors are apartment occupancy and lease renewal rates. The report also looks at how long apartments remain vacant, how many prospective renters are competing for each unit and the number of new apartments getting built. Whats driving leasing growth in these areas? Despite a 2.6%

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Apartment vs. House: Which Should You Consider Investing?

Bay Property Management Group

In your journey as an investor, youre probably searching for the most worthwhile opportunity, and thats where the apartment vs house debate comes in. Main Takeaways Apartments provide steady rental income and lower maintenance responsibilities , thanks to shared building management, multiple tenants, and tax benefits.

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Why Pet-Inclusive Housing is a Win-Win for Everyone

Rental Housing Journal

According to the 2024 Grace Hill NMHC Renter Preferences Survey , only 6% of renters say that a propertys pet-friendliness would make them less likely to live there. Faster Leasing and Higher Occupancy Rates Properties that welcome pets experience quicker lease signings.

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Skating Where the Puck is Going: Rethinking Pricing Algorithms

Multifamily Insiders

In the world of multifamily housing, where pricing strategies can make or break performance, one quote from our CEO Donald Davidoff cuts through the algorithm, comp data, litigation noise with startling clarity: "The meat and potatoes is leases and leads. Leads: A real-time gauge of prospective resident interest.

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How Video is Revolutionizing Resident Communication

Rental Housing Journal

According to data from Realync by Grace Hill, properties using strategic video are seeing impressive results, including 50% pre-leased occupancy during construction, 75% closing rates on prospects and notable reductions in maintenance touchpoints. and managed by Bozzuto , discovered this power during their pre-leasing phase.

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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. And in January, the typical apartment was on market for 37 days before renting, an all-time high. Rents fell 0.2% Year-over-year growth also remains negative at -0.5 Read the full report here.

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Differences Between Commercial Property Management vs Residential Property Management

Property Management Inc.

Whether you're contemplating managing an investment property or weighing the pros and cons of residential versus commercial spaces, you need a solid grasp of what sets these two worlds apart. Commercial property managers must juggle tasks like lease negotiations, property maintenance, and ensuring compliance with zoning laws.