If you don’t like change, you’re going to like irrelevance even less
This serial entrepreneur definitely knows the upside of risk. In the late 80s while Jones worked for American Airlines, the company’s CIO directed Jone’s department to put the Sabre system online with AOL. This...
A gem regains its luster and a city gains apartments
On a plot of land between Immanuel Presbyterian Church, now listed as a Los Angeles Historic-Cultural Monument, and the Ambassador Hotel, home of the Coconut Grove nightclub and host of the 1930 Academy Awards,...
Solving the affordable housing crisis
MacDonald pointed to the increasing cost of complying with regulations, building material price inflation and shortages of both labor and building sites as factors driving up the cost of construction. He said that such...
Planting the seeds of knowledge
Such programs, however, are rare: the National Apartment Association Education Institution (NAAEI) reports that out of 4,140 institutions in the U.S., only about forty-five offer RPM programs. Of those, only nine currently provide access...
The other high barrier market
In rural towns and tertiary markets, investors can earn superior yields on apartment properties, according to some multifamily investment experts. “A smart investor with a thoughtful strategy in healthy rural markets can certainly do very...
Weed and work
A growing number of states in the U.S.—and countries around the world—are legalizing or decriminalizing recreational and medical marijuana, forcing businesses to grapple with how to deal with employees who use the drug and...
NAA: Lest we forget
Year after year, apartment professionals gather, catch up on news, meet with old friends and make new ones. NAA’s conference every June, for as long as most of us can remember, is a guidepost...
How AI will change the way we make decisions
Rather than trying to predict specifics, we suggest an alternative approach. Economic theory suggests that AI will substantially raise the value of human judgment. People who display good judgment will become more valuable, not...
Single-family landlords sink cash into Rust Belt rentals
Beahn buys and renovates a single-family home, hires a property manager and finds a tenant—then sells the whole package to an investor. He works mostly in the historic neighborhoods west of Detroit’s downtown, where...
Time to restore local control over zoning—and end Obama’s HUD intrusion
Affirmatively Furthering Fair Housing allowed HUD to halt distribution of more than $3 billion of annual community development block grants to about 1,200 counties and cities unless the recipients abide by federal dictates on...
Can’t fight that feeling
But the apartment industry is catching on with the help of partners like software provider Yardi, which tapped the hotel sector for cutting edge solutions to repeat business and extended leases during its 2017...
I’m afraid to blink.
Never before has the world been safer, freer, wealthier, or healthier. In 2014, 54 percent of the nation’s counties had zero murders and more than half of last year’s murders occurred in only two percent...
Housing pro
Nominated for the position by President Donald Trump on April 28, Patenaude has the experience and knowledge to complement retired neurosurgeon Ben Carson, who took over leadership of the department on March 2. Dr. Carson...
The trillion dollar consolidation
The returns that large-scale single-family rentals (SFR) are producing are now measuring up to institutional standards and the management is under control. It wasn’t pretty, but the naysayers who said it was impossible to...
Student housing gets an A
Commercial real estate investors are increasingly keeping their wallets in their pockets, waiting to see where interest rates will go, for prices to come down and for more properties to come on the market....
