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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. Optimize Pricing and Lease Flexibility In today’s“rent rollercoaster” market, implementing data-driven pricing strategies is crucial. Offer a range of flexible lease options to cater to diverse resident needs.

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Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

But when we look at the rate of growth that companies expect, we can see that they anticipate a slower pace of revenue growth over the next two years than they did back in 2023. On one hand, companies are anticipating less revenue growth over the next two years than they projected in 2022 and 2023.

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Rapidly Rising Rents Squeeze Millions in the Middle Class

American Apartment Owners Association

Rent costs have long weighed on lower-income households — now it’s coming for the middle class. Burdened by rents The percentage of middle-class renters burdened by costs has increased rapidly since 2019. A cost-burdened household is defined as one paying 30% or more of pretax income on rent and housing costs.

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What Are Mid-Term Rentals? A Guide For Property Owners

Bay Property Management Group

Mid-term rentals are rental properties that you can lease for a medium-length period. Their leases tend to last longer than a short vacation but shorter than a full year-long lease. Moreover, they reported that in 2023, remote workers were 9% more likely to plan on moving to a new home than in-person workers were.

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Class A Rent Study & Leasing Success Stories from Oakland

Colliers

A new office leasing team is making its mark in downtown Oakland – well, not entirely new. The team joined Colliers from Avison Young in June of 2023, bringing with them a history of successful leasing transactions and a portfolio of newly won listings.

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The 5 Housing Markets To Watch in 2025—Especially If You’re an Investor

American Apartment Owners Association

And Dallas, which saw the largest increase in population in 2023, according to the U.S. Petersburg-Tampa, and Nashville especially attractive for investors, Dallas, TX Median home list price: $434,500 Median monthly rent: $1,475 What’s Dallas’ secret weapon? Census Bureau, is ripe as an investor’s market. It’s rapid population growth.

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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. Current rent growth Lower occupancy puts rent levels under pressure.

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