Declining Arrow Over Rent Collection

REIT Rent Collection Percentages and The Impact From COVID-19

COVID’S Impact on Rent Collection   It’s no secret that the economy has been suffering as a result of COVID-19. As a contractor, you may be wondering how this directly affects you. With many commercial properties facing shutdown or decreased foot traffic, they are losing money. Real Estate Investment Trusts are seeing the impact of Read more about REIT Rent Collection Percentages and The Impact From COVID-19[…]

Final Notice Red Stamp On Past Due Rent Bill

Pros and Cons of Debt Collection for Multifamily Managers

Pros and Cons of Debt Collection for Multifamily Managers   Managing multifamily property can be quite a lucrative and relatively stable business in America. Yet the business inevitably leads to some frustration when the landlord encounters a delinquent renter. Indeed, a survey found that 84% of landlords consider nonpayment to be one of their top Read more about Pros and Cons of Debt Collection for Multifamily Managers[…]

Collecting Rent During The CoronaVirus Pandemic

Collecting Rent During The CoronaVirus Pandemic   Since the outbreak of the CoronaVirus pandemic, millions of people have been laid off in the United States. This will significantly impact the ability of residents to pay rent in the coming months. In turn, this creates challenges for apartment owners and managers who have financial obligations to Read more about Collecting Rent During The CoronaVirus Pandemic[…]

Rent Increase on Letterhead for 2019 Multifamily Rent Report Blog

2019 First Quarter Multifamily Rent Report

2019 First Quarter Multifamily Rent Report   Vacancy Rates Remain Unchanged   Apartment vacancy rates for the first quarter of 2019 were 4.8% according to a recent report from REIS. While this number remains unchanged from the fourth quarter of 2018, it increased 0.1% year over year. First quarter vacancy rates also increased from 4.3% Read more about 2019 First Quarter Multifamily Rent Report[…]

Houses With Increasing Arrows For Multifamily Rents Average Growth in 2018

Average Multifamily Rents End 2018 At $1,419

Year End Multifamily Rents Average $1,419   The average apartment rent nationally at the end of 2018 was $1,419. While this figure represented no month over month growth from November, it represented a 3.2% increase year over year. This fits with a continuing trend that has seen multifamily rents grow by at least 3% for Read more about Average Multifamily Rents End 2018 At $1,419[…]

Removing Carpet During Apartment Turnover Projects

Increase Rents With Apartment Turnover Projects

Increase Rents With Apartment Turnover Projects   Turnovers are a fact of life in the apartment management industry. While no property manager wants to see units sit vacant, they do provide an opportunity to complete apartment turnover projects that can help increase rents. Instead of quickly signing a tenant to a new lease, property managers Read more about Increase Rents With Apartment Turnover Projects[…]

Multifamily Rent Increase With Hand Stacking Alphabet Blocks Higher

2018 Year Over Year Multifamily Rent Report

2018 Year Over Year Multifamily Rent Report   What city has the highest median rent? The lowest? Where are rents rising and where are they falling? These key questions, and more, were answered in a recent report by Apartment List. Here’s the quick answer to those questions: Highest Median Rent: San Francisco, CA Lowest Median Read more about 2018 Year Over Year Multifamily Rent Report[…]

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