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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. In dollar terms, the national median monthly rent now stands at $1,384, up $8 per month compared to last month, but down $5 compared to March 2024, according to the report from the Apartment List Research Team.

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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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Maximizing Your Investment

American Apartment Owners Association

This accelerated depreciation method was expanded under the Tax Cuts and Jobs Act (TCJA) of 2017, which allows investors to deduct 100% of the cost of qualified property acquired and placed in service after September 27, 2017, and before January 1, 2023.

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The Importance of Background Screening in the Age of AI

American Apartment Owners Association

As of 2017, civil judgments and tax liens no longer appear on credit reports compiled by the three major credit bureaus nor do they offer Social Security Fraud Verification. As the general public becomes more skilled in the use of AI, the number of counterfeit lease applications and supporting documentation will increase.

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Rent-Setting Software Pushed Up Rents in Several Metros

Rental Housing Journal

Drew Hamrick, general counsel with the Colorado Apartment Association, told Denver7.com Its main pricing software is AI Revenue Management (AIRM, formerly YieldStar), but RealPage also owns Lease Rent Options (LRO), which it acquired from its main competitor in 2017. And that information, in most cases, is not public.

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