Wednesday, May 29, 2024

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With the property technology market bursting at the seams, how can operators determine which software best suits their needs? And from there what does the process for vetting potential vendors and solutions look like?

What to consider when buying property management software

Operating an apartment community is nearly impossible without the help of property management software. Choosing the right property management software is essential. With the property technology market bursting at the seams, how can operators determine...
These so-called “desire paths” exist as an everyday testament to the flaws of central planning. They are a visual indication of the spontaneous order that occurs when individuals are allowed the freedom to choose their own way.

“Desire paths” and the problem with central planning

I recently attended the Austrian Economics Research Conference, which is held annually at the Mises Institute on the campus of Auburn University. After an inspiring day of presentations, I began my trek back to the...
The new cap on annual rent increases will apply to a million Low-Income Housing Tax Credit (LIHTC) apartments according to The Washington Post.

INFOGRAPHIC: The White House issues national rent control plan

download pdf The new cap on annual rent increases will apply to a million Low-Income Housing Tax Credit (LIHTC) apartments according to The Washington Post. 2020 Senator Sanders (Vt.) contends that federal control of the multifamily...
PARC MOSAIC APARTMENT HOMES, BOULDER, COLO. SHOWCASES TEN OUTDOOR ROOMS THAT BRING THE COLORADO LANDSCAPE TO LIFE, A 82-FOOT INDOOR-OUTDOOR SALTWATER POOL, 2-STORY FITNESS CENTER, RESIDENT LOUNGE, ROCK CLIMBING WALL, SECURE BIKE STORAGE, AND SMART HOME TECHNOLOGY INCLUDING LOCKS AND THERMOSTAT.

Blackstone making $10 billion multifamily purchase

Acquisition of AIR Communities is Blackstone’s largest transaction in the multifamily market. Blackstone has agreed to acquire an owner of upscale apartment buildings for about $10 billion, signaling that one of the world’s largest real...
In February, multifamily distress hit its highest level in 18 months, increasing by 80 basis points over the previous month, according to CRED iQ, which tracks and analyzes data and valuations of more than $2 trillion in commercial real estate (CRE).

2024 could be the year of the distressed deal

Investors are finally starting to take advantage of distress in the multifamily sector, even though the huge wave of distress pundits predicted last year failed to materialize. In February, multifamily distress hit its highest level...
Revolutionary technologies adopted during the pandemic are becoming standard in the multifamily industry.

PropTech scales up

Revolutionary technologies adopted during the pandemic are becoming standard in the multifamily industry. Technologies that property managers rushed to implement during COVID are now part of their everyday lives. Prospective apartment renters can take self-guided tours...
For example, at least one court recently held that requiring an employee to attend mandatory DEI trainings that “discussed racial issues in essentialist and deterministic terms—ascribing negative traits to white people or white teachers without exception and as flowing inevitably from their race” might create a hostile work environment on the basis of race.

Courts issue DEI training decision

A federal court in March issued a decision impacting the diversity, equity, and inclusion (DEI) legal landscape. The case demonstrates the rapidly evolving state of the law with respect to DEI. In Honeyfund.com Inc. v....
With its high turnover rate and steady demand, the student housing market remains a lucrative niche within the real estate industry.

7 student housing property management strategies

With its high turnover rate and steady demand, the student housing market remains a lucrative niche within the real estate industry. Student housing properties come in various on and off-campus forms, including dormitories, apartments, and...

Game changer

With Greystar Real Estate Partners' acquisition of Riverstone Residential in June, the nation's two largest privately owned apartment management companies are now one mega-firm with almost double the number of managed units than that...
The business community, long averse to political risks or controversies, backed away from DEI programs over the past two years in the wake of widespread attacks from lawmakers.

Behind DEI’s rise and fall

Diversity, equity and inclusion, or DEI, was the hot thing in corporate America a few years ago. Now: not so much. Why it matters: The business community, long averse to political risks or controversies, backed...
https://yieldpro.com/pdf/infographics/2024/0304/The_era_of_fiscal_excess.pdf

INFOGRAPHIC: The era of fiscal excess

download pdf Lockdowns were the beginning of the end of office space as we’ve known it for over four decades. Work from home spurred vacancies expected to rise through 2025. The 2022 Fed interest rate...
Landlords rarely escape the machinations of politics. Just how far will tinkering with free markets go this election cycle?

INFOGRAPHIC: Grinding housing into votes

download pdf Landlords rarely escape the machinations of politics. Just how far will tinkering with free markets go this election cycle? In an election-year effort to shift responsibility for the nation’s high costs of living away...
One study of Rotterdam, Netherlands, found that the port city’s residents, even with little-to-no space in front of their densely built, urban homes, nonetheless embellished their sidewalks with seats, planters and knickknacks to express themselves.

Happier, more connected neighborhoods

A salve for America’s loneliness epidemic could exist right in front of its homes. Front yards are a staple of many American neighborhoods. Lush plantings, porches or trinkets can capture the attention of passersby and...
The general appreciation for competence also seems to be at all-time lows. Painting yourself as a victim in some culture war will get you a front-page story in the student newspaper.

The character trait of competence

When most people think of character, there is a list of attributes or “traits” that comes readily to mind. Some of the more common ones might be honesty, responsibility, patience, perseverance, loyalty, and courage....

INFOGRAPHIC: 2024 Tax brackets are out

The IRS released new federal income tax brackets in November. Though marginal tax rates did not change, federal law requires brackets be adjusted for inflation. 5.4% this year’s rise in tax brackets due to inflation. Last...
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