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How a Month-to-Month Lease Agreement Works in Norfolk, VA

Osprey Property Management

Updated October 1, 2024. Rental property owners in Norfolk, VA, know it's important to understand how month-to-month lease agreements work. Unlike a long-term lease, a month-to-month agreement is automatically renewed unless either the tenant or landlord provides notice of non-renewal.

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Skating Where the Puck is Going: Rethinking Pricing Algorithms

Multifamily Insiders

In the world of multifamily housing, where pricing strategies can make or break performance, one quote from our CEO Donald Davidoff cuts through the algorithm, comp data, litigation noise with startling clarity: "The meat and potatoes is leases and leads. Leads: A real-time gauge of prospective resident interest.

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

For 2024, the form looks like this: What Is a 1099-NEC form? To give you an idea of what to expect, the form for 2024 looks like this: 1099 Exemptions for Property Managers There are a few scenarios in which property managers are exempt from filing a 1099. The IRS makes (typically small) adjustments to the 1099-MISC form each year.

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Annual rental market update: New data you can use now

Yardi Breeze

The two most significant factors are apartment occupancy and lease renewal rates. The most competitive markets in 2024 In 2024, there was a clear winner for the hottest rental market: Miami. Occupancy hit 96.5% with a steady influx of new residents and 72% of existing renters renewed their lease. Despite a 2.6%

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Indianapolis Property Management Update: Rental Statistics Q4 2024

T&H Realty

We expected two out of those three trendsbut rental rates actually increased in Q4 2024. 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. To put this in context, Q3 2024 saw 798 homes leasedmore than double Q4s total.

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6 proven ways to prevent rental fraud at your multifamily properties

Yardi Breeze

Sometimes, simply presenting automated rental fraud prevention technology in the online leasing workflow will deter would-be fraudsters. Its all too easy for leasing staff to miss fraud warnings on a credit report. The survey found that 50% prefer online leasing, and 30% could go either way. But is that realistic?

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Portland, Lincoln, Des Moines Top 2024 Livability Rankings

American Apartment Owners Association

Source: CRE Daily The post Portland, Lincoln, Des Moines Top 2024 Livability Rankings appeared first on AAOA. These cities all ranked high for healthcare access, physical activity opportunities, and mental wellness support.

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