What’s the rent? A whole month’s pay, 1 in 5 renters tell Redfin

Redfin report finds 22 percent of U.S. renters say they pay their all of their monthly income to afford rent. They’re borrowing money, getting a second job and pulling from retirement to cover the cost. Continue reading

Portfolio growth, tenant retention help Blanket shine: Tech Review

Blanket is property management software that centers on portfolio growth rather than reactive, day-to-day oversight of rental properties. It can do the latter, but the former makes it a unique entry to the market worth consideration for anyone who want… Continue reading

With cash and CLEAR partnership, 100 takes on renter fraud

A New York City-based software company for the multifamily industry, called 100, has emerged from stealth mode with a $5.2 million seed round of financing. Continue reading

RentSpree releases new income verification reporting tool

RentSpree’s latest reporting product is designed to help property management providers more accurately verify the income of lease applicants. Continue reading

Multifamily building permits have dropped 30% since 2021: Redfin

Rising interest rates and market saturation have caused multifamily builders to slow the rate of new projects, according to a Redfin report published on Tuesday. Between 2021 and 2023, builders filed an average of 18 permits to build multifamily housin… Continue reading

AppFolio ships updates to improve resident experience

Heavily supported by AI, the end-to-end multifamily housing operating system rests on Realm-X, designed to flatten and integrate daily activities for institutional apartment owners. Continue reading

How multifamily can appeal to the baby boomer rental market

Many baby boomers are interested in rental markets close to home, multifamily expert Michael Zaransky writes, especially when they offer features that enhance their lifestyles and options. Continue reading

NYC’s ‘worst landlord’ attacked first day of 2-month Rikers sentence

New York City’s worst landlord, Daniel Ohebshalom, was punched on Friday during an inmate brawl at Rikers. Ohebshalom was sentenced for failing to fix more than 700 housing violations. Continue reading

Landlords pull plug on renter incentives ahead of spring

While incentives are still an integral part of the new-home market, they’re falling out of popularity in the rental segment as demand — and competition — strengthens. The number of Zillow rental listings with concessions has struggled, going from 32.7 … Continue reading

Inventory boost expected to slow rent growth to 1.5%

The rental market is entering the new year with a major boost in inventory and cooling rental growth — two factors that are expected to yield a mixed bag of results for landlords and tenants alike.  Continue reading