This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Retaining good tenants goes beyond convenience—it impacts your bottom line. You’re not only looking at lost rent for every month your property is empty. The cost of finding a new tenant, additional maintenance, marketing the property, etc., means that keeping your tenants happy is very important.
Here are the five most important rent control laws that come into effect at various times in 2024. Security deposits Tenants will no longer have to pay two months’ rent as a security deposit. A new bill caps the amount a landlord can charge to just one month’s rent.
March saw national rents rise slightly for the second month in a row, according to Apartment Lists April report. While the last two months have seen some rent increases, overall national year-over-year growth remains negative at -0.4 At the local level, 82 of the nations 100 largest cities saw rents rise in March.
Alongside the many positive factors that may pique real estate investors interest, there are three considerations that you may want to keep in mind when considering investing in New York State: Regulatory environment: Passed in 2019, the states Housing Stability and Tenant Protection Act dictates how landlords can operate rent-regulated units.
By offering flexible rent payment programs, property managers can help residents stay on track while ensuring steady cash flow and smoother operations. By Aaron Gries Vice President of Product Management at Zego Rent is the biggest expense for most residents, and many struggle to pay it on time.
Don’t miss our most popular webinars of 2024, now available on-demand! Dos and Don’ts of Interviewing Tenants: Fair Housing Best Practices Fair housing lawsuits are on the rise and saying the wrong thing to a rental applicant could put you at risk! WATCH NOW #3. WATCH NOW #4.
John LLP As a legal expert specializing in landlord-tenant law, Tracey Merrell is dedicated to helping landlords stay compliant with Californias complex eviction process. Understanding and complying with these laws is crucial for avoiding fines and ensuring tenant safety. Tracey Merrell, Esq.
Don’t miss our most popular webinars of 2024, now available on-demand! Dos and Don’ts of Interviewing Tenants: Fair Housing Best Practices Fair housing lawsuits are on the rise and saying the wrong thing to a rental applicant could put you at risk! WATCH NOW #3. WATCH NOW #4.
Main Takeaways Apartments provide steady rental income and lower maintenance responsibilities , thanks to shared building management, multiple tenants, and tax benefits. However, ongoing costs and tenant management can be challenging. These improvements can raise both the rent and resale price. Don’t be one of them.
Are Rent Prices Going Down? Understanding the Rental Market Trends Rent prices are a hot topic for both property managers and renters. With economic fluctuations and market shifts, the question arises: Are rent prices going down ? What’s Driving Changes in Rent Prices? Are Lower Rent Prices Good or Bad?
Its common to see dips in rental rates and the number of homes rented, along with an increase in days on market (DOM). We expected two out of those three trendsbut rental rates actually increased in Q4 2024. Meanwhile, the number of homes rented? To put this in context, Q3 2024 saw 798 homes leasedmore than double Q4s total.
It compares your property’s income to its market value, showing how much of that value you’re getting back in the rent each year as a percentage. On the other hand, if your rental yield is too low, that might indicate you need to raise the rent to increase profitability. as of 2024. Note: In the U.S.,
Fact #3: Tenant Quality Is Property Managers’ Top Concern Finding financially stable tenants is getting harder as rent growth outpaces wages, causing property management companies to prioritize tenant screening. In 2024, tenant quality emerged as the #1 concern for property management companies.
Some of the rental market trends we uncovered represent an intensification of conditions that came to the forefront during 2024. We’re still seeing the downstream effects of the Fed’s interest rate increases, as well as softening rent growth, cascade through the development sector. (A What else is driving rental demand?
The 2024 America’s Rental Housing Report has several notable trends and key takeaways. However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Only 1% of the markets reported a rent growth of 10% in Q3 of 2023. The rental market rapidly increased during 2021 and 2022.
Scheduled report packets and mass emails : Allows scheduling of report packets to owners and scheduling of mass emails to tenants, owners, vendors and prospects at specific times and dates. New York rent control (where applicable) : Updated for the New York Good Cause Eviction Law.
On 4 July 2024, the UK elected a new Labour government led by Sir Keir Starmer. During its election campaign, Labour promised significant changes to the private rented sector (PRS), and now these changes are poised to come into effect under the new Renters’ Rights Bill, which replaces the Conservatives’ Renters’ Reform Bill.
Main Takeaways Mortgage rates have been steadily declining in early 2025, with 30-year rates reaching 6.52%, the lowest since mid-October 2024. the lowest level since mid-October 2024. Even though they’re higher than their lowest point in September 2024 (4.97%), they are still far below the peak of 7.08% we saw in late 2023.
Even though you cant claim a tax deduction from your hands-on work, it increases your propertys appeal and market value, which can attract better tenants and higher rent in the long run. And heres a bonus the IRS mileage rate for business use was 67 cents per mile in 2024 and went up to 70 cents per mile in 2025.
As of 2024, the average monthly rent in Philadelphia is approximately $1,625. For renters, we work 24/7 to respond to maintenance requests, protect tenant rights, and just overall create spaces that truly feel like home. Contact us today or look at our listings to get started.
Competition for available space is heating up, driven by limited tenant consolidation, fewer moveouts, and a constrained supply pipeline. As we enter the year’s final quarter, the U.S. retail market continues to demonstrate impressive resilience, with vacancy rates holding steady and fueling confidence in the sector’s performance.
Property damage: Dwelling coverage provides needed protection for rented properties against potential property damage. Loss-of-use coverage is not covered under a landlords policy normally but would be covered under the renters insurance policy purchased by a tenant. How much dwelling coverage do you need?
The Washington Attorney General has filed a new lawsuit against RealPage and nine local landlords claiming they conspired to harm tenants and violated the Consumer Protection Act, according to a release. In 2024, 47% of renter households had their rent increased by over $100 per month, and 15% had their rent increased by over $250 per month.
For 2024, the standard mileage rate is 67 cents per mile. For example, you can deduct the rent and utilities you spend for an office or other workspace outside of your home. If you rent equipment or vehicles, the rent you pay is fully deductible. If you rent equipment or vehicles, the rent you pay is fully deductible.
Meanwhile, inflation has made it harder for tenants to absorb rent increases, leaving landlords in a precarious position. Rising Costs, Shrinking Margins One of the primary challenges landlords face in 2024 and heading into 2025 is the skyrocketing cost of property insurance.
Meanwhile, inflation has made it harder for tenants to absorb rent increases, leaving landlords in a precarious position. Rising Costs, Shrinking Margins One of the primary challenges landlords face in 2024 and heading into 2025 is the skyrocketing cost of property insurance.
July 2024 Newsletter: Optimizing Property Performance and Navigating New Legislation Welcome to our July 2024 rental market update! Increased Tenant Mobility: With families and individuals taking advantage of the summer months to relocate, rental inquiries remain robust.
October 2024 Newsletter: Celebrating Milestones and Preparing for Colder Days Welcome to our October 2024 rental market update! Your feedback means the world to us and helps other property owners and tenants make informed decisions. In August, we rented 32 units, and demand has stayed consistent as we’ve moved into fall.
Thriving Redding Rentals: August Market Insights Welcome to our August 2024 rental market update! Quick Turnover: We’re renting units quickly, ensuring minimal downtime and maximizing rental income for property owners. For a comprehensive analysis on what your unit can rent for please reach out.
Rent Growth vs. Operating Expenses: The Profitability Squeeze While home prices have soared, rent growth has barely kept up. The average rent for a single family home in Indianapolis was $1,593 as of Q4 of 2024. This marks only a modest increase of $75 compared to the previous year.
Q1 at a Glance Days on Market (DOM): 55 (Up from 41 in Q4 2024) Average Rental Rate: $1,686 (Up from $1,593 in Q4 2024) Number of Homes Rented: 353 (Slight increase from 348 in Q4 2024) Higher Rents, Longer Vacancies Historically, Q1 tends to see only slight increases in rental activity from Q4 as demand remains lower during the colder months.
The BRRRR strategy (buy, rehab, rent, refinance, repeat) is based on finding discounted properties, fixing them up, renting them out, refinancing, and socking away the cash flow with a long-term tenant, and repeating the process until you have amassed a sizable monthly cash flow.
Deciding whether to rent or sell your house is a significant decision that can impact your financial future. This guide will explore the pros and cons of renting versus selling, helping you make an informed decision. The Pros of Renting Out Your House 1. This can save you thousands over the life of the loan.
If you’re unfamiliar, an "accidental landlord" describes property owners who rent out their homes because of life changes rather than a planned investment strategy. Maybe it’s a job relocation, or maybe the housing market isn’t exactly playing nice, but either way, renting becomes the smarter option. dip from last year.
That said, demand remains steady, and we’re still receiving inquiries from prospective tenants actively seeking well-maintained and conveniently located rental homes. Our team is here to help keep your properties rented and ready as we move through the season.
The multifamily housing sector is buzzing with changes in 2024, and staying ahead of these shifts is key for multifamily property managers and landlords. From cutting-edge technologies to changing tenant preferences, the industry is undergoing exciting transformations. How is technology shaping the future of multifamily housing?
In fact, as of 2024, 24% of property management companies are using virtual assistants. With the right technology in place, you gain the visibility needed to track, refine, and elevate every aspect of your operations, from lead generation to tenant retention. This is partly due to a shrinking labor force and higher worker expectations.
I get many rent checks all at once and dont want to use the Yardi CHECKscan mobile app to deposit them individually. This lets tenants mail checks to a lockbox that Yardi sets up and monitors on your behalf. If I upgrade from Breeze to Breeze Premier, do tenants have to create new RentCafe profiles, reconnect bank accounts, etc.?
According to Apartments.com, the average rent for a two-bedroom apartment is $1,598 a month, while a four-bedroom houses rent is $2,665 a month (as of Dec. In general, Baltimores average rent prices are 6% lower than the national average.
In todays residential property management landscape, its not the industry thats evolving its the needs of tenants and prospects. Were thrilled to announce that we broke ground September 2024 on an 82-unit building to help us further meet the needs of our residents. Eastwood Housing, a nonprofit based in St. Thomas and Elgin County.
Why you should vote for us as Best Property Manager in the Best of North State 2024 When it comes to property management, we at Authority Property Management know that choosing the right partner can make all the difference. Our thorough screening process ensures that only the best tenants are selected.
As with any investment, there are rewards and challenges to buying property here, but there’s a sustained interest in buying and renting out homes because there’s such a high demand of people who are looking for those homes. If you’re an investor with a home for rent, you’re in a pretty strong position.
San Francisco is known for its complex rental laws and tenant protections. Staying compliant with all of the federal, state, and local laws as well as the shifting requirements of the Rent Board is essential when you invest in rental property here. The Rent Board establishes the allowable amount and enforces your rental increases.
The Sublease Market 2025 is shaping the landscape, with sublease space dropping by 3% in the fourth quarter of 2024, falling below 8 million square feet for the first time since 2022. Owners and Property Managers Are Offering More Flexible Lease Terms Provide tailored leasing options to accommodate tenant and sub-lessee needs.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content