MRI Software

JANUARY 5, 2024

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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MRI Software

OCTOBER 5, 2023

at the end of September 2023. Figure A – Occupancy Trend – Year-end 2021 through September 2023 The forces driving occupancy down have been in place for many months now. The additional demand that multifamily lease-ups once enjoyed from home buyers who became renters due to high mortgage rates has faded. and is now -3.1%.

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MRI Software

FEBRUARY 6, 2024

As 2024 begins, the two main factors that plagued market conditions in 2023 are still present. Read on for more discussion on how occupancy and rent levels are responding to this less-than-positive setup. Austin and Raleigh-Durham had the largest occupancy drop from December 2023 to January 2024 at 0.4 percentage points.

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Authority Property Management

SEPTEMBER 12, 2024

Whether you're a property owner looking for peace of mind or a tenant seeking a seamless renting experience, we pride ourselves on being the team that delivers. Over the years, we’ve received numerous accolades, including the Best Property Manager for the Best of North State 2022 and 2023.

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T&H Realty

JANUARY 20, 2025

Its common to see dips in rental rates and the number of homes rented, along with an increase in days on market (DOM). Meanwhile, the number of homes rented? Number of Homes Leased The number of homes leased in Q4 2024 dropped to 348, marking a 39% decrease from 573 homes leased in Q4 2023. It nosedived.

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MRI Software

JULY 15, 2024

In 2023, overwhelming amounts of new supply began to erode occupancy levels from Class A, the top of the Class/Price structure, as new unit deliveries outpaced absorption or demand driven by reasonably strong job growth. Though it was expected to materialize in March, the “fast leasing season” finally arrived in June.

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Authority Property Management

JULY 19, 2024

This general figure provides a solid benchmark for investors to gauge expected tenant retention and plan for future leasing activities. years) 2023: 337 days (about 0.9 Offering benefits such as lease renewal bonuses or gradual rent increases can encourage tenants to stay longer. years) 2021: 699 days (about 1.9

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MRI Software

MARCH 5, 2024

Hopes were high that February would bring an early start to the ‘fast leasing season’ and provide some occupancy recovery; however, February was fickle as new construction deliveries continued to overwhelm absorption in two thirds of the markets we serve. The two main factors that hampered market conditions throughout 2023 remain present.

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Foundation Homes Property Management

NOVEMBER 23, 2021

We are seeing the typical slow down for this time of year- The advice I give at this time of the year is to expect units to take longer to rent moderate price reductions and lease start dates to occur after the first of the year.

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Nest DC

SEPTEMBER 7, 2022

While fair housing covers every aspect of renting, it’s during the marketing and application screening phases that we see the most mistakes. Here are some dos and don’ts you need to keep in mind when renting your property: DON’T (yes, it’s a long list and yes, we’ve seen all of these happen!) Want some more resources?

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Nest DC

APRIL 5, 2023

They will also negotiate lease renewals on your behalf, delicately balancing your desire for increased rent with the tenant’s needs. When a tenant does decide to move on, a property management company has an in-house team or deep vendor bench that can quickly turn over your property and get it rent-ready.

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Authority Property Management

SEPTEMBER 13, 2024

Income Thresholds and Deduction Limits The deduction is available for landlords with taxable income up to $182,100 for singles and $364,200 for married couples filing jointly (as of 2023). For example, properties rented under a triple net lease, where the tenant is responsible for property taxes, insurance, and maintenance, do not qualify.

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MRI Software

AUGUST 14, 2024

Until June, market commentary had been focused on year-over-year statistics that contain data points from 2023. Adding to the analysis, an examination of how the fundamentals of occupancy, rent, supply, and demand have performed during 2024 currently provides the best guidance for how the year will end. percent as of the end of July.

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Esquire Property Management Group

NOVEMBER 30, 2023

Silicon Valley Office Market In the third quarter of 2023, the iconic Silicon Valley commercial real estate office market faced ongoing challenges. Despite a 90 basis points increase in the overall vacancy rate to 12.5%, average asking rents remained surprisingly near historic highs at $5.37 The slight decrease in asking rents, down 0.9%

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Nest DC

OCTOBER 18, 2023

This means not getting attached to doing things the same way every year or always expecting a hefty rent increase. Often, the most important thing to keep your portfolio stable is minimizing vacancy, even if that means offering incentives or negotiating with tenants to keep them on track to renew their leases. Waiving a move-in fee?

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Gordon Property Management

AUGUST 8, 2024

What you have to budget for, however, are the property taxes that you’re required to pay on any units, homes, or buildings that you’re renting out. Income Taxes for San Francisco Landlords You’ll need to pay tax on any profit you earn from renting out a property. For the fiscal year 2023 – 2024, the amount is $59.00

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MRI Software

APRIL 3, 2024

March brought disappointment to those anticipating the traditional start of the “fast leasing season,” hindering hopes for some occupancy recovery. Read on for more discussion on how occupancy and rent levels are responding to this less-than-positive setup. All markets realized significantly lower rent growth during March.

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SparkRental

DECEMBER 3, 2024

While Ark7 originally restricted short—and mid-term rentals to accredited investors , it opened them up to everyone in 2023. It starts with Ark7 finding and buying properties, leasing them out, and offering shares for sale on their marketplace. New property shares are priced at $20 per share. Want to compare investment property loans?

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MRI Software

MARCH 6, 2024

It reflects how successful the landlords and property managers are at encouraging tenants to renew their leases rather than moving elsewhere. It involves a simple percentage calculation where you divide the number of tenants who have renewed their leases by the total number of tenants whose leases were set to expire within a given timeframe.

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Muldoon Associates

MARCH 7, 2024

Colorado Springs Rental Values While rents are peaking and even dropping elsewhere, they’re still rising in Colorado Springs. Recent statistics show that between January and July of 2023, the average rent in Colorado Springs is 0.6% You should prepare for stabilizing rents (how much higher could they reasonably go?),

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Property Management Inc.

JANUARY 14, 2025

This trend and moderate home sales leave renting the most viable option for millions of households. Persistent Challenges in Rental Affordability Housing affordability will remain a hot-button issue throughout 2025 as rent growth continues to outpace wage growth. Several factors will shape the rental market.

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MRI Software

DECEMBER 9, 2024

over a 12-month period through midyear 2023. Higher rent prices for tenants When costs rise, landlords often have no choice but to pass them on to tenants through rent hikes. For instance, relying on manual rent collection can lead to delays and errors, increasing administrative burdens.

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MRI Software

AUGUST 10, 2024

They make money through leasing the properties they own and collecting rent. This is the most common type of REIT, making up 96% of the market share in 2023. The income generated from these properties, whether through rents or mortgage interest, is collected by the REIT. This can impact the dividends you receive.

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Second Nature

OCTOBER 1, 2024

While the traditional approach to property management simply provided the basics – maintenance, rent collection, etc. This could include tasks such as tenant screening, resident benefits, renters insurance programs , rent collection, maintenance and repair coordination, lease enforcement, financial reporting, and more.

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Authority Property Management

NOVEMBER 19, 2020

A squatter is someone who neither owns property nor pays rent to reside there. A holdover tenant is one that remains on the property after their lease has expired. In other words, they will still be required to adhere to the terms of the existing lease or rental agreement. Consider renting the property to them.

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MRI Software

SEPTEMBER 15, 2024

In fact, according to a 2023 study by CBRE , multifamily properties have shown a strong recovery post-pandemic, with investment volumes increasing by 50% year-over-year. Did you know that multifamily real estate has consistently been one of the most resilient investment sectors?

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Propertyware

DECEMBER 29, 2023

2023 was another rocky year for the housing market. Those trends, however, didn’t necessarily spell bad news for single-family rentals, and as we leave 2023 behind, single-families are well-positioned to remain strong in 2024. One such program is Project-Based Rent Assistance for extremely low-income households.

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Rental Housing Journal

JANUARY 5, 2025

Renters In Atlanta, Denver and Dallas paid more than $100 a month more in rent to landlords who used rent-setting software algorithms, according to a report. billion in 2023. Companies like RealPage use their tools to suggest optimal rent for landlords to charge. In total, we estimate the costs to renters in 2023 was $3.8

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