Landlords pull plug on renter incentives ahead of spring
A new Zillow analysis on Wednesday revealed a slowdown in rental concessions ahead of a busy spring and summer leasing season. Only 32.2% of rentals advertised incentives in February
by Marian McPherson Mar 20
Rental concessions rise as new inventory comes online
Thirty percent of rentals advertised on Zillow in October offered concessions of some sort, such as free parking or free months of rent, even as rental rates remain high
by Ben Verde Nov 20
Manhattan median rent hits new $4K high, according to report
Someone applying for a typical Manhattan apartment would need to make a salary of $157,000 per year in order to afford the rent
Rinse launches app-based door-to-door laundry service for rentals
The service will provide contactless pickup and delivery of laundry to residents, and can be included in a tenant's lease agreement or as a building amenity for an exclusive price
by Lillian Dickerson Dec 15
The 8 biggest stories that impacted real estate investors in 2020
The hottest topics for real estate investors this year ran the gamut — Airbnb's IPO, WeWork's new CEO, the vacation rental market's comeback, eviction bans and more
by Lillian Dickerson Dec 15
Florida and New York go separate ways on eviction bans
Governor Ron DeSantis has allowed Florida's eviction ban to expire while Governor Andrew Cuomo expanded New York's tenant protections to apply to pre-COVID evictions
While it's an improvement, 32% of renters are still in 'rent debt'
Despite the lapse in federal unemployment benefits in August, 68% of renters made an on-time rent payment during the first week of September, meaning just 32% were in 'rent debt.'
by Lillian Dickerson Sep 14
New York City apartments reach highest vacancy rates in 14 years
The apartment vacancy rate in Manhattan reached a 14-year high of 3.67% in June — the highest rate reached since Douglas Elliman began tracking this data
by Lillian Dickerson Jul 10
Why are rental concessions so high in New York City right now?
The cyclical nature of the market means it's a renter's game right now
by Brian McFadden Feb 15