Consumer demand and profitability both point to an improving business case for smart home technology in rental properties. By Nick Murosky (MultiFamilyExecutive.com Article) — Smart home technology trends are the “talk of the town” among home owners and home buyers. It’s not infrequent for them to come up regularly in conversations about the different...Continue reading »
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A strong economy helps fill the flood of new apartments in Dallas-Fort Worth. By Bendix Anderson (NREI Online Article) — Tens of thousands of new apartments are scheduled to open this year in Dallas-Fort Worth—one of the busiest cities in the U.S. for new apartment construction. A strong, diverse local economy is helping Dallas absorb those new...Continue reading »
Recognizing the scale and complexity of the challenge is a commendable first step, but much more work is ahead, writes CAPREIT’s Andrew Kadish. By Andrew Kadish (MultiHousingNews.com Article) — It is a battle that must be addressed, but one lacking a clear solution. And although nearly everyone in the apartment industry and beyond seem to acknowledge...Continue reading »
Both equity groups and lenders should remain committed to investing in apartment sponsors, according to Mark Stewart of Bainbridge Cos. By Mark Stewart (MultiHousingNews.com Article) — As 2019 surpasses the midway point, methodical apartment developers and owners have to feel good about the availability of debt. The accessibility no doubt stems in large...Continue reading »
The key to effective alterations is distinguishing between cosmetic changes and essential improvements, says Adam Frisch of Lee & Associates Residential NYC. By Adam Frisch (MultiHousingNews.com Article) — As a longtime specialist in multifamily property owner representation, I have been involved in numerous apartment renovations. While I’m not...Continue reading »
Outsourcing may ease the burden of finding the right personnel. By Dino Iuliano (MultiFamilyExecutive.com Article) — The people a property is staffed with directly impacts the life, values, and experience of the residents. From the security guard to the janitor to the front desk, each individual has the opportunity to positively or negatively affect the...Continue reading »
The law makes it harder to substantially raise rents or move apartments from the rent regulation program. By Bendix Anderson (NREI Online Article) — Lawmakers just re-wrote the rulebook for rent regulation in New York State. “It will affect values,” says Shimon Shkury, president of Ariel Property Advisors, a commercial real estate advisory firm....Continue reading »
Today’s apartment property managers would do well to focus on offering residents in-demand services. By Scott Wickman (NREI Online Article) — For the last several years, developers have been pushing the envelope in terms of physical amenities and coming up with new and innovative features that make their communities stand out amongst the competition....Continue reading »
In spite of fears of a slowdown, apartment rentals will continue to see outsized demand for a long time. By Robert Brunswick (NREI Online Article) — Apartments have been the darling of real estate capital markets for the past seven-eight years. This deep into an outstanding run, some investors have begun to worry if the clock is approaching midnight...Continue reading »
While the package signed into law by Governor Cuomo will surely help tenants, it is a critical game changer for landlords, according to JLJ Capital’s Jonathan Lewis. By Johnathon Lewis (MultiHousingNews.com Article) — The law of unintended consequences is that actions of people, and governments, have results that were never considered....Continue reading »
