Why onsite management will remain essential to multifamily

Good property managers build relationships and communities, and that’s something no app can do, multifamily expert Michael Zaransky writes. Continue reading

New York’s Flatiron Building to be transformed into 60 luxury condos

The iconic Flatiron Building in Manhattan is set to undergo a transformation from outdated office spaces to luxury residences and retail, according to new building plans revealed earlier this week. Continue reading

DOJ takes aim at RealPage rent-pricing algorithm in antitrust suit

“Americans should not have to pay more in rent because a company has found a new way to scheme with landlords to break the law,” Attorney General Merrick Garland said on Friday. Continue reading

Teacher rental affordability remains below pre-pandemic levels

Teachers can now afford 47.9 percent of rental apartments within commuting distance of their schools, an increase from 40.7 percent the previous year, Redfin reported on Wednesday. Continue reading

Cooling rental market means more concessions for renters: Zillow

A 50-year high in multifamily building starts and completions has led to cooling rent growth and better leases for renters. In July, 33.2 percent of rentals on Zillow included concessions — a 23 percent increase from 2023. Continue reading

Expedia adjusts H2 projections despite revenue growth

Expedia Group met the high end of its earnings expectations for the second quarter of 2024, despite a challenging macro environment and softening travel demand, according to an earnings report released Thursday. 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

Is student housing the right investment strategy for you?

Thinking about student housing as a multifamily strategy? MZ Capital Partners’ Michael H. Zaransky, who wrote a book on investing in student housing, shares the pros and cons to consider. Continue reading

Despite declines, rents are still $305 higher than pre-2020 trends

Despite 11 months of declines, Realtor.com said the typical renter is paying $305 more monthly for an apartment compared to 2019. The greatest rent increases are in Florida and the Midwest. Continue reading