The sport of digital reputation
Michael Fertik, founder and executive chairman of Reputation.com, is credited with pioneering the field of online reputation management. He created Reputation.com in 2006 with the belief that people and businesses have the right to...
Property 911
How many building owners and operators are really prepared for such an event? Unfortunately, not many. Consider these steps to ensure successful resident communication during a crisis. Build an emergency response plan Whether it’s a fire,...
The case for multifamily investment
Over the last three decades, apartments have become a desired asset class among both domestic and foreign real estate investors because of their strong returns coupled with relatively low risk. However, shifting market dynamics,...
The golden age
Trend forecasters rightfully focus on the housing needs of millennials when predicting the future of the U.S. real estate market. But the rising senior population, sometimes referred to as a “silver tsunami,” suggests baby...
Apartment market weathers the storm of new supply
Apartment landlords can no longer raise rents like they used to. So many new apartment units are opening that the vacancy rate is inching higher across the country. This year “will likely remain challenging for...
The labor demand
Every month, the U.S. Census Bureau, the U.S. Bureau of Labor Statistics, and the U.S. Department of Housing and Urban Development release statistics that paint a seemingly clear picture of the construction industry: Housing...
New lawsuit in Seattle: Housing ordinance is unfair and unconstitutional
Seattle’s Fair Chance Housing Ordinance, passed by city council in 2017, forbids landlords from considering applicants’ criminal histories when selecting tenants. In other words, landlords cannot base a rental decision on concerns over their...
There’s an app for that
Today’s renters can shop for a new apartment from anywhere in the country, discover important details like local weather, demographics and statistics about cities and neighborhoods, as well as reviews of a specific community...
Hope, enthusiasm and joy
That’s what business owners are feeling. In fact, there’s historically high optimism around the nation’s economy according to the latest PNC survey. Just for context and to discern what’s real in today’s headlines—fear, despair...
Message received
The digital natives are getting restless. Armed with tablets and smartphones, raised on apps and connectivity, and coddled by the rich customer experience of major online retailers, today’s apartment prospects want serious answers as...
The front line in affordable housing
In 2012, Congress authorized RAD which allows PHAs and owners of other properties financed by the Department of Housing and Urban Development (HUD) to convert units from their original sources of HUD financing to...
Space, the new frontier
We live in an age of disruption and the multifamily industry, historically slow to adapt to change, is especially at risk. NMHC’s 2018 Consumer Housing Insights Survey, alongside an in-depth trends report, Disruption: How...
Cool on Fannie, Freddie reform
Congress is mulling changes to Fannie Mae and Freddie Mac, which could mean big changes in the apartment investment market. The two financing giants handle financing for between 40 percent and 50 percent of all...
Occupancy holds strong
Developers opened a tremendous number of new apartment units in 2017. But the percentage of apartments that are occupied has barely shifted, despite competition for potential residents. Rents continue to grow in most markets. “Occupancy...
