By: Jay Parsons, Andrew Bowen and David Polewchak
Some prognosticators are beginning to push out rosy outlooks for America’s hardest-hit real estate markets: high-density urban areas, primarily in Coastal gateway cities. We’d love…
By: Jay Parsons, Nikki Jorski, David Polewchak and Andrew Bowen
In 2020, apartment resident retention was … well … easy, at least outside of harder-hit urban markets. Retention rates soared to record highs nationally as resident…
By: Jay Parsons, Greg Willett and Nikki Jorski
Anyone scanning a news feed over the last six months has probably heard about a looming crisis of historic proportions – a tidal wave of evictions facing tens of millions of renters.
The o…
By: Jay Parsons, Tracy Saffos, David Polewchak and Krista Hurley
For decades, property managers built leasing offices designed to be the heartbeat of the apartment community. Developers built amazing, inviting spaces to welcome prospects and …
By: Jay Parsons, Tracy Saffos and David Polewchak
Every year, for decades, the question is asked at budgeting sessions among apartment property management executives: Can we reduce the staffing-to-unit ratio?
And every year, most executives …
By: Jay Parsons, Andrew Bowen and Tracy Saffos
In the property management business, almost everyone has what they call “secret sauce,” and they take a lot of pride in it – rightfully so. A lot went into building those strate…
By: Jay Parsons, Jonathan Breakstone and Tracy Saffos
When the pandemic hit, virtual tours quickly became the buzziest topic in apartment property management. We saw operators sprint to offer all types of socially distant tours to keep their …
Times are a-changin’ in the rental housing market. Growing market demand pushes occupancy to the limit, making a property look good at first glance.—but a deeper look into the property may reveal a different story.
Checking your P…
The single-family home rental business has been around for years. Lately, it has been gaining momentum as institutional players and multifamily companies enter into a market that some say is providing a great opportunity for income for its lon…
Affordability for market-rate apartments is not a major concern for owners as income wage growth is moving along with rent increases, according to the 2022 Market-Rate Apartment Affordability Report issued by RealPage in July during its RealWo…