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Tips to Minimize Tenant Turnover

American Apartment Owners Association

Accordingto a report from Zego, the average cost of turning over a rental unit was $3,872 in 2023. For property management companies and landlords, focusing on tenant retention is not just a smart business move it’s essential for long-term success. Offer a range of flexible lease options to cater to diverse resident needs.

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Understanding the 20% Pass-Through Tax Deduction for Redding, CA Landlords

Authority Property Management

How Landlords Can Qualify for the 20% Pass-Through Tax Deduction If you're a landlord in Redding, CA , you might have heard about the 20% pass-through tax deduction introduced by the Tax Cuts and Jobs Act ( TCJA ) of 2017. This deduction can provide significant tax savings, but it comes with specific qualifications and complexities.

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The Hidden ‘Double Whammy’ Facing Owners Who Hand Buildings Over To Lenders

American Apartment Owners Association

With billions of dollars worth of commercial real estate loans coming due, landlords with struggling properties are increasingly giving the keys to lenders and walking away. For struggling landlords, its an appealing option. Those borrowers might have a rude awakening come tax season.

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Multifamily rental growth update through October 2023

MRI Software

A drop in traffic and leases, combined with heavy doses of new supply, established lower occupancy percentages across the board. Figure A – Occupancy Trend – Year-end 2021 through October 2023 The forces pushing occupancy lower have been in place for many months now. Deliveries are outpacing demand. Interested in learning more?

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Rapidly Rising Rents Squeeze Millions in the Middle Class

American Apartment Owners Association

In early 2023, he moved in with the friend, who is also his landlord, whom he met playing soccer. Renter vulnerability is made worse by housing shortages as well as private equity firms– particularly shortages in affordable and near-affordable housing — which allow landlords and developers to charge more.

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Multifamily rental growth update through September 2023

MRI Software

at the end of September 2023. The yellow highlights draw attention to those metros with an average occupancy dropping below 90%, a threshold that has historically been the point at which a market transitions from a ‘Landlord Market’ to a ‘Renter Market.’ percentage points from the highs of 2021 to the most current reading of 91.2%

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Multifamily rental growth and occupancy update year-end 2023

MRI Software

Occupancy As 2023 ended, the seasonal slowdown continued to drop occupancy levels in all metro areas. The table in Figure A compares occupancy levels at the end of 2021 to those at the end of 2023. Figure A – Occupancy Trend – Year-end 2021 through December 2023 The forces pushing occupancy lower have been in place for many months now.

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