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How to minimize tenant turnover using online property management tools

Housing Wire

Tenant turnover happens when the current tenants move out of a rental property and the property is now vacant and it needs to be prepared for new tenants to move in. Turnover is one of the most costly aspects of the property management business, with the average turnover costing more than two thousand dollars.

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D.C. real estate firms fined $10M for discrimination

Housing Wire

based real estate firms — DARO Management Services, DARO Realty and Infinity Real Estate — and company executive Carissa Barry, have been handed a hefty $10 million civil penalty as part of a settlement for illegally discriminating against low-income renters using Section 8 vouchers for housing. The post D.C.

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DataDigest: New data shows how brokerages, agents, landlords & homebuilders were reshaped by the pandemic

Housing Wire

Census Bureau shows how the business landscapes changed for homebuilders , lessors, agents , brokerages and other real estate professionals in the first full year after the pandemic began. Lessors The picture was far less rosy for real estate lessors (typically landlords and real estate investment trusts ) in 2021.

Landlords 438
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5 trends that will reshape the real estate market in 2024

Housing Wire

The landscape of real estate is undergoing significant transformations in 2024, driven by a confluence of technological advancements, shifting market dynamics and evolving consumer behaviors. Cybersecurity in real estate: Increasing investments protect sensitive property and financial data in the digital realm.

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Opinion: Many mission-based landlords are at a breaking point

Housing Wire

Labor costs for property management have increased nearly 50% in some markets, and security needs and costs have risen, too. At many affordable housing properties, expenses exceed revenues and owners are now forced to feed budgets to cover costs. Most importantly, mission-based landlords are committed to keep residents housed.

Landlords 401
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NAR partners with RentRedi for benefits program

Housing Wire

RentRedi will now offer NAR members a subscription to its property management platform at a rate of $1 for the first six months. The platform provides tools for both landlords and renters, which the company said is designed to automate and streamline the management process. “As

Landlords 392
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Yardi’s rent-setting software illegally drove rent prices up for millions of renters: lawsuit

Housing Wire

A renter in Seattle last week filed an antitrust class action lawsuit against 18 property management companies, along with property management company software Yardi Systems Inc., accusing them of violating antitrust laws.

Landlords 411