Article

Unlocking a smart future

Smart technology is unlocking the door to a better experience for apartment renters, making management’s job easier and increasing the value of multifamily assets, say providers of smart apartment technology, the latest industry trend. Companies...

Rental snapshot

Homeowner vs. renter statistics reflect a decline in homeownership, with 35 percent of American households renting their home. The nationwide homeownership rate was 65.4 percent as of 2022/Q1, a 1.53 percent decline from the previous...

Property, properly

The term virtue refers to one’s character. Obviously, this conception of virtue implies that there exists a common human nature that allows us to identify certain characteristics that an excellent person possesses. Prior to...

Construction spending digs in as recession deepens

U.S. construction spending—an indicator of total spending on all types of construction—fell in August for the second month as the housing market moved further into a recession. Construction spending in September was estimated at “a...

The most important thing

Capitalism, wrote Marian L. Tupy and Gale L. Pooley in their book, Superabundance, succeeds not only because it is efficient but because it correctly locates the source of wealth in the human mind. Their book...

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...

Same assets. Better performance.

Revenue management has been an indispensable price optimization tool in multifamily since the launch of Lease Rent Optimizer (LRO) and YieldStar 15 years ago, both developed in conjunction with large multifamily property REITs and...

How parents can promote resilience in the family business

As a professor of family business, I have been teaching the “next generation” for almost 20 years. As might be expected, my role has resulted in many conversations with parents of these next generation...

Money for nothing

In 1985, British rock band Dire Straits complained, “They ain’t workin’, that’s the way you do it; Money for nothing and your chicks for free.” The lyrics criticized the excesses of nouveau riche rock...

Economic freedom falls in U.S.

The Fraser Institute’s 2022 Economic Freedom of the World Index report has been released. This year’s report covers the year 2020. The index development was led by Dr. James Gwartney in the late 1980s...

The case for space

Personally, I’m a big fan of markets, but I’m not much of a city guy. I’ve lived in urban areas before, and to me the benefits just don’t outweigh the cost of the hustle...

Ageless tech

With the current real estate market not exactly favoring the buyer due to the interest rate hike and soaring housing prices, the demand for rental units in multifamily properties continues to rise. And while...

Red tape fuels wildfires

Last summer, my family spent days smelling smoke and seeing thick plumes from the wildfires that surrounded our piece of Arizona. At night, flames licked above the rim of Sycamore Canyon from the Rafael...

Can Biden help housing? White House solution isn’t nearly enough.

At one time or another, every politician—local, state, and federal—promises to help create “affordable housing.” The issue has become especially critical of late with rents and housing prices rising and higher interest rates making...

Prepping for the oncoming rate hikes

At the dawn of 2022, the outlook for multifamily real estate looked as bright as in the year just ending. Industry experts released bullish forecasts and a number of loan specialists spoke on the...
Yield PRO