Apartment survey finds August rent payments held up fairly well
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 90 percent of apartment households made a full or partial rent payment by August 20 in its survey of 11.4 million units of professionally...
Small landlords dip into savings as their tenants struggle to pay rent
More renters are unable to make their monthly payments, and that is having an outsized impact on the nation’s “mom and pop” landlords. Nearly a third of renters who live in single-family or small multifamily...
Once booming San Francisco apartment market goes in reverse
The apartment vacancy rate in San Francisco rose to 6.2 percent in May, according to apartment data firm RealPage. That’s up from 3.9 percent only three months ago, after stay-at-home orders went into effect...
It’s time to debunk COVID-19 myths
Myths about future apartment sizes, office demand and reshored manufacturing were tackled by executives at RCLCO in a recent webinar. Without a doubt the pandemic has upended commercial real estate. What were once solid tenants...
Don’t cut your marketing budget in a recession
Most companies reduce spending in recessions, especially on marketing items that may be easier to cut (certainly relative to payroll). Right now, advertising agencies are struggling to stay afloat, and Google and Facebook are...
People resent businesses more in highly-regulated industries
There is a positive relationship between the amount of governmental interference in an economic arena, and the abuse and invective heaped upon the businessmen serving that arena. When I came across those words while reading...
States should pay attention to Supreme Court justices’ comments on reopening orders
The scope and duration of the stay-at-home orders issued by state governors this year are unlike any past pandemic orders in American history. So it is not surprising that several hundred lawsuits have been...
Canceling rent won’t solve housing woes
As Americans stagger through a bewildering pandemic summer, buffeted by shutdowns and job losses, millions face each coming month with an additional dread: making their rent payments. In response to the crisis, numerous states and...
Business as unusual
As cities, counties and states begin loosening lockdown orders and allowing non-essential businesses to open, apartment owners are weighing strategies to ride out the economic disruption caused by the COVID-19 pandemic and finding slivers...
Let business go: regulations
It was just months ago that economic indicators marked the most welcome creation of wealth and growth, and the nation made record gains in prosperity fueled by optimism and ability. How do we get the...
Apartment investors dig data
Utility management and benchmarking systems help property managers avoid fees, make smart investments and comply with the law. Here’s one way to pay a lot less for power and water at apartment properties—stop paying late...
Multifamily designs for health and wellness
How we think about applying design to support a healthy lifestyle has taken on new significance as the world responds to the COVID-19 pandemic. Basic daily activities now carry the extra weight of potentially...
Good to great in a crisis
Now, more than ever before, it’s critical for your multifamily property to create a team dynamic that fosters good communication, healthy competition and takes full advantage of technology. Unaware of the impending quarantine and social...
Property management amid a crisis
The term coronavirus has only been in our collective vocabulary since January, but it has consumed our world and drastically altered our daily lives. There is not one industry in this country that has...
3 Behavioral trends that will reshape our post-COVID world
Typically, consumers’ supermarket shopping habits are stable and slow to change. When people do dramatically change their behavior around buying food and beverages, it’s usually driven by a major life event such as having...
