Lessen gets bigger, acquires industry counterpart SMS Assist

Lessen, a company that builds software to support the business operations of single-family rental investors and multifamily landlords has acquired SMS Assist, a facilities maintenance technology company. Continue reading

Foreclosure activity doubled in 2022 but remains historically low

While the nation continues moving away from the pandemic-era lows, it’s doing so very slowly and well below rates seen during the Great Recession. Continue reading

Hines taps new CEOs for regions across North and South America

Steve Luthman was picked to lead the Midwest, Southeast and Canada regions; and Syl Apps will head the South America region, the company announced on Wednesday. Continue reading

Demand for apartments turns negative for first time since 2009

A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. “The balance of power in the rental market is rapidly shifting to renters.” Continue reading

Doorstead raises $21M Series B round, acquires Knox Financial

The Series B round, which brings Doorstead to $37 million in total funding since its 2019 seed round, includes investments from Avanta Ventures and MetaProp, according to an announcement. Continue reading

Independent landlords, rest easy with RentRedi: Tech Review

RentRedi is a six-year-old software company with hundreds of thousands of units under management totaling close to $10 billion in value. Continue reading

Home prices will soon post year-over-year declines: Report

Home prices grew by 8.6 percent compared to a year before but fell by 0.2 percent month over month. By the second quarter, prices are expected to be lower than they were a year before, CoreLogic says. Continue reading

Real estate investing in 2022: Where is the roller coaster headed?

“It’s like that roller coaster where it’s going up and up and up and up. You don’t know what’s going to happen when you get to the top.” Many investors had a pleasant ride in 2022. But the ride might come to an end. Continue reading

Reputation matters: Rent’s software improves landlords’ online presence

Reputation’s software will be the foundation of RentRep, a unified interface to give users the ability to oversee and empower social media management, listing marketing and online reviews. Continue reading

RentSpree CEO: ‘Rentals can fill in the gap’ in a slowing market

Michael Lucarelli also said in the lead up to Inman Connect New York that he doesn’t see a “crazy reshuffling with rent prices” coming in 2023. Continue reading