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Multifamily propertymanagers and owner managers face countless challenges and complexities day in and out. From resident relations and legal compliance to property takeover, both established and new propertymanagement company executives can quickly become overwhelmed handling all the moving parts required to run the company.
Hiring a propertymanager to handle day-to-day operations may seem like the best way to alleviate the stress. But in todays market, that comes with its own challenges. Traditional propertymanagers are expensive, and with high interest rates and expenses, potential profit margins for rental property owners can be slim to none.
rental market has become more competitive than ever, driven by a combination of rising demand, limited availability due to a lack of new rental housing supply, and regional economic pressures. A market under pressure: rising rents nationwide Rental prices across the U.S. Los Angeles: A case study in market strain On the other U.S.
Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” Zillow predicts 4.3
Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for propertymanagers. The second is a more competitive rental market, driven by record-high construction of multifamily rental properties.
Growth in the off-campus student housing market creates massive opportunities for propertymanagement companies. College enrollment is increasing for the first time since the pandemic, driving off-campus student housing revenue that outpaces multifamily rents in the same markets. All-in or testing the waters?
Propertymanagement company Evernest announced on Wednesday its largest acquisition to date. The company will acquire tech-enabled propertymanagement platform Poplar Homes alongside $15 million in growth-centered funding. The company’s management portfolio will reportedly rise to 230,000 units across 50 markets.
Gen Z renters in particular expect digital-first experiences, and have emerged as a powerful consumer base within the rental market. Meanwhile, there’s been a surge in the construction of new units: nearly one million new apartment units are projected to be available by 2025, according to a market analysis using data from the U.S.
rental market continued to evolve in October 2024, revealing notable shifts in renter preferences and competitive trends across major cities. Dominating the Market Washington, D.C., claimed the top spot as the most sought-after rental market in October. Click here for more on RentCafes report on the nations rental market.
Currently, the propertymanagement industrys reliance on legacy payout processes can lead to refund errors and delays that inconvenience tenants when moving into their new homes. Evolving Tenant Preferences Today, most renters are digital-first.
The government-sponsored enterprise (GSE) said the Housing Choice Voucher program, which launched in 2022, assists very low-income families, seniors and people with disabilities in being able to afford stable and quality housing in the private market. The program was previously limited only to eligible properties in North Carolina and Texas.
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 propertymanagement business, with the average turnover costing more than two thousand dollars.
These companies are solving real-world challenges, delivering cutting-edge solutions, and helping real estate professionals navigate an evolving market. Explore the full list of this years honorees below. Congratulations to the 2025 Tech100 Real Estate winners!
Stats are the fuel to the fire of the real estate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them. This proves your expertise to clients and allows you to provide them with knowledge about the real estate market.
The rental market is massive. Between investor purchases and propertymanagement, it can be a lucrative business for brokerages — and a source of buyer leads.
Zeb Lowe: How do you feel about the manner companies in this industry are approaching technology in today’s market? Merrick Lackner: It’s no secret that companies are looking to reduce operating expenses, and automation plays an integral role in accomplishing that.
When confronted with the possibility of a market shutdown and a prolonged rent holiday in California at the onset of the COVID-19 pandemic, Scott Brady began looking for ways to further diversify his business model. Ive been in real estate since 1997 and Ive been in propertymanagement since 2012, Brady said.
The call for smart home technology is coming from inside the house, as it were — but during times of economic pressure, how can investors and propertymanagers justify the effort and expense of upgrading their communities? “Now, however, renters actually expect to see this technology in their living spaces.”.
Tony Richards recently purchased four properties in his hometown of Montgomery, Alabama. He bought it from an outside landlord who didnt have the local market knowledge or presence needed for propertymanagement. Additionally, three of them are on the same street. million registered users.
Housing Market Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. Technological Advancements in Real Estate: A look at emerging technologies with the potential to reshape real estate transactions and propertymanagement.
To celebrate this prestigious recognition, HousingWire reached out to 2023 Finance Leader Kevin Thompson , Head of Finance at PURE PropertyManagement to discuss his approach to navigating challenges in today’s real estate market.
Set for Monday-Tuesday, February 24-25 at The Worthington Renaissance Fort Worth Hotel , the 2025 Velocity, A FORCE Conference , is tailored for professionals in REO and the adjacent markets, including agents and brokers, asset managers, propertymanagement, attorneys, and servicers.
As the rental market continues to cool, propertymanagers are increasingly offering concessions to attract renters, according to new data from Zillow. Now is a great time for renters to find a deal, with more new apartments hitting the market than at any time in the past several decades.
real estate investors are planning to grow their portfolios and invest significantly in property improvements in 2025, according to a new survey from propertymanagement software provider RentRedi. landlords plan to acquire new properties this year. A majority of U.S.
A new survey of 137 top rental markets of large-scale properties with at least 50 units found that at least two-thirds of renters are choosing to stay put and re-sign their leases. They’re also signing longer leases, which helps propertymanagers keep their buildings full despite so many new apartments opening in the last two years.
Take a look below to see the full list of this year’s honorees. Congratulations to the 2024 Tech100 Real Estate winners. courted.io/ Real Estate Sales New York, NY CoreLogic corelogic.com/ Real Estate Sales, Multifamily / CRE and Real Estate Data and Analytics Irvine, CA Constellation1 constellation1.com/
These companies are leading the way toward a more innovative and efficient housing market and bringing to market solutions that we could have only imagined a decade ago. The table below shows the 2023 winners. These are the companies and solutions helping real estate professionals propel their businesses forward in 2023.
REO Asset Management: Managing REO properties involves multiple tasks, from preservation and maintenance to marketing and sales. USRES’s end-to-end REO asset management services simplify these processes, reducing the administrative burden on agents. To learn more, click here.
Its not just home prices that are expensive, as they hover at historically high levels; rising insurance premiums are contributing to the growing costs of homeownership and propertymanagement. Home, rental, and property-related insurance products are ubiquitous and foundational to the health of the U.S. housing market.
The HCV program helps very-low-income families, senior citizens, and people with disabilities afford stable and quality housing in the private market. Previously limited to eligible properties in just North Carolina and Texas, EHC is now available to borrowers in all U.S.
A renter in Seattle last week filed an antitrust class action lawsuit against 18 propertymanagement companies, along with propertymanagement company software Yardi Systems Inc., Defendants who agree to use RENTmaximizer understand that its purpose is to foil the operation of the competitive market.”
According to Zillow s most recent market report, rented single-family homes are currently the most notable item on the real estate market, with prices 20% higher than those of a typical multifamily apartment. Concessions are being offered on two out of every five rental properties on Zillow, another record.
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. The housing market’s conditions, characterized by soaring prices and limited availability, have compounded these challenges.
Roofstock , a proptech startup aimed at making it easier to purchase an income-producing property, announced Wednesday its acquisition of Great Jones , a propertymanagement platform that Roofstock intends to utilize for its “end-to-end single-family rental platform.”
According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. and the rising price of rental properties, it made sense for incoming and current residents to buy. appeared first on HousingWire.
The growing significance of online reviews in the rental market was highlighted in the 2024 PropertyManagement Industry Report produced by Reputation , the world leader in reputation performance management. For propertymanagers, the difference between success and failure often hinges on reputation management.
Darwin Homes , a single-family rental propertymanagement startup, announced a $15M Series A funding on Monday. Darwin Homes incorporates new proprietary propertymanagement software that allows owners and managers to take control over and scale their portfolios across different markets nationwide.
RentRedi will now offer NAR members a subscription to its propertymanagement 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
If you own several properties (or even just one), the chances are that you don’t have much time on your hands. That’s why a propertymanagement company is the perfect solution for commercial real estate owners like you! Owning commercial property is a considerable undertaking. Managing Day-to-Day Affairs.
Strategic marketing consultant Chrissie Rivers shared five reasons propertymanagers might use artificial intelligence for managingproperties. Then we asked ChatGPT for management advice.
She transitioned to real estate sales in May 2022 after a three-year career in propertymanagement. “As a Bay Area resident for the past ten years and with a background in propertymanagement, I understand the neighborhood and property values of the area.
we’re helping potential buyers make more informed decisions, while empowering agents and sellers to market their properties more effectively, and supporting a modern valuation process for both appraisers and lenders,” said Jeff Allen, president of CubiCasa. How smart home technology can benefit renters and propertymanagers.
Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. We didn’t call it a bear market, but we did call it a lack of liquidity, which I think is more accurate,” said L.D. In 2023, the landscape for home flipping across the U.S.
Blanket is propertymanagement software that centers on portfolio growth rather than reactive, day-to-day oversight of rental properties. It can do the latter, but the former makes it a unique entry to the market worth consideration for anyone who wants become a full-time landlord.
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