The attached article talks about the challenge that some on-site folks have relative to one becoming too close (personally) to a resident. While the article focuses on women working on site, typically in management and leasing, the alternative may be true for …

In an article by Bob Pinnegar, President and CEO of the National Apartment Association, he provides five headwinds and three tailwinds currently facing multifamily. The headwinds he cites are labor market challenges, inflation/interest rates, supply and …

Many owners underestimate the significance of NOI and the impact increasing cap rates have on value. The Fed has raised the Federal Funds Rate nine times in the last 12 months. The total impact on cap rates has yet to materialize (stressing the word ‘total’) …

Managing, listing and selling multifamily apartments is a lot easier in the ‘up’ market we’ve enjoyed over the past three to five years. Interest rates and cap rates were at historic lows, the demand for apartments was high, rents moved up, concessions disappeared …

Being a property manager is something of a thankless job. Their responsibilities are huge: keep the property leased, maintain curb appeal to the highest level, drive rents whenever possible, critically evaluate expenses, manage leasing and maintenance staff …

A multifamily owner has an affirmative obligation “…to provide a safe and habitable rental property and is responsible for ensuring that basic safety standards are put in place on the premises and their upkeep. This includes changing locks, installing locks …

In a multifamily market that is ‘readjusting’ in a manner approaching a bit of ‘flattening’ (i.e. rents have plateaued but occupancy remains high), owners and operators must understand and focus on resident retention as an issue of paramount importance …

I highly recommend you carve out an hour for yourself to watch Dr. Peter Linneman’s quarterly review of markets, trends and forecasts in CRE. A strong focus of this episode is on multifamily wherein Dr. Linneman addresses lending/LTVs …

Another ‘must read’ from Svikhart & Associates.

RealPage once again is on top of yet another relevant topic of the day: cost controls at multifamily properties in an inflationary period. Things cost more …