32M missed mortgage, rent or student loan payments in September
The number of renters and homeowners able to make payments during the third quarter of 2020 improved slightly from the second quarter, but remained relatively high overall, according to the Mortgage Bankers Association's Research Institute for Housing America
by Lillian Dickerson Oct 16
Metros with lower rent have been most resilient amid pandemic
Metros with lower rental prices, including the Inland Empire and Sacramento in California, have been the most resilient, according to a new report by Yardi Matrix
by Lillian Dickerson Oct 15
'Landlords are scrambling' as rents plunge in West Coast tech markets
Studio rent prices in San Francisco dropped a staggering 31% year over year in September, according to a new realtor.com study
by Patrick Kearns Oct 15
Landlords, lobbyists launch legal battle against eviction moratorium
In the wake of the Trump administration's federal moratorium on evictions, landlords, apartment owners and housing industry groups have issued legal challenges against the order, leaving millions of renters in a precarious position
by Lillian Dickerson Oct 13
Hines branches out to property management with new firm
Hines, a real estate development company with offices in over 200 cities, is launching Willowick Residential, a branch specifically aimed at multi-family property management
It's a small world after all: Average apartment shrank 9.7% since 2010
Centrally located, small and more affordable living spaces dominated the past decade, according to new data released by RCLCO Real Estate Advisors
by Lillian Dickerson Oct 12
Part Instagram, part Pinterest, property search gets social with Rila
Opinion
This new app, inspired by social media, is perfect for real estate listings and agent lead generation. Fun and engaging, the app's success will fall largely on consumer adoption
by Craig C. Rowe Oct 9
How building managers can prepare for a COVID-19 winter
Real estate industry intelligence firm Propmodo recently produced a report detailing the ways property managers can best prepare for both commonplace and worst-case COVID-19 scenarios
by Lillian Dickerson Oct 6
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
by Lillian Dickerson Oct 1
Carrying out an eviction? How property managers can play it safe
Following the attack of a property manager by a tenant in Seattle last week, real estate safety expert Tracey Hawkins shares her tips on how to avoid violence during an eviction
Chocolate factories, churches and courts: Residential conversions heat up
As new apartment building starts slow, commercial-to-residential apartments conversions are picking up steam as they offer renters affordability and style
by Marian McPherson Sep 29
Could empty hotels be converted into high-end housing? Some say yes
'There will be survivors and there will be casualties, and I think those casualties will be ripe for redevelopment,' says Boston-based developer Ted Tye
Need help with an eviction? There's an app for that
Civvl promises independent contractors they'll earn up to $2,000 per week for helping with evictions and foreclosure cleanouts. But is it legal?
by Marian McPherson Sep 23
Over 11M households struggled with rent and mortgages this spring
Renters were much more likely than homeowners to struggle with monthly payments, according to a new Mortgage Bankers Association report
With virtual learning, rents in college towns are falling fast
Two million more college-age Americans are living with their parents or grandparents instead of renting, according to new data from Zillow released Thursday
Yo homes! The 'Fresh Prince Of Bel-Air' mansion is on Airbnb
'Ready for the freshest staycation ever?' Will Smith wrote on the Airbnb listing. 'If this place looks familiar that’s because it’s just as fly as it was when I first rolled up the driveway. I’m back.'
Permanent vacation? Normal goes out the window as summer rentals extend into fall
Property owners and managers are having good times this summer and fall, but surging demand has also forced the industry to figure out what the market rate for a unit ought to be
by Jim Dalrymple II Sep 14
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
Airbnb long-term bookings are on the rise
As customers return to the platform, they're looking for longer-term stays and the ability to bring pets with them, according to Airbnb CEO Brian Chesky
by Lillian Dickerson Sep 8
Hamptons season extended into fall and winter, agents say
'We've done more business for October than at any other time in the past that I can remember,' local broker Angela Boyer-Stump told Inman
'Alexa, show me the unit': Amazon debuts voice assistant for property managers
The new product allows property managers to offer built-in, voice-assisted smart technology to their tenants
11 neighborhoods ripe for opportunity zone investment
A new report by Attom Data Solutions and CityBldr highlights areas with the greatest potential for taking advantage of tax benefits in order to revive densely packed, low-income communities
by Lillian Dickerson Sep 2
Rental concessions are twice as common as in February: Zillow
The proportion of rental listings on Zillow that offer some kind of concession increased from 16.2% in February to 30.4% in July, according to new data released Tuesday
by Lillian Dickerson Sep 2
Trump administration issues nationwide eviction ban through 2020
The National Association of Realtors says moratorium will bring 'chaos' to rental housing sector and 'bring more havoc' to the economy
by Andrea V. Brambila Sep 2
Can property owners learn the warning signs of a grifter?
A rental property owner in New York City's West Village was recently taken advantage of by a 'serial grifter' who turned into a nightmare roommate. Is it possible for property owners to safeguard themselves against these con artists?
by Lillian Dickerson Sep 1
September rent is due. How will renters and landlords deal?
The start of the month means that over 100 million Americans living in rentals will have to pay rent without the supplemental aid they previously received as part of the pandemic stimulus package
by Lillian Dickerson Sep 1
Zumper announces rent guarantee for small landlords
The company believes the new service will be particularly useful during the coronavirus pandemic, when numerous Americans have missed their housing payments
by Jim Dalrymple II Aug 27
EasyKnock CEO predicts lasting pandemic-induced slump to hit this fall
Many U.S. regions are experiencing a surging real estate market, but Jarred Kessler believes it will be short-lived and the market could start to slow as early as October
by Jim Dalrymple II Aug 25
How to turn your short-term rental's history into a selling point
Lion & Orb founder and marketing expert Audie Chamberlain shares how investors can use their property's history to attract guests and improve profits
by Marian McPherson Aug 25
Jake Beeson on rental scams, COVID-19 and the Phoenix market
'Sadly, you have to think like a scammer whenever you adopt new technologies,' said the cofounder of Beehive Property Management, which oversees more than 300 properties
Developer confidence in multifamily housing rises, but remains relatively low
Multifamily vacancies also rose during the second quarter of the year, though the National Association of Home Builders characterized the industry as experiencing a recovery
by Jim Dalrymple II Aug 21
It's a seller's market all right, and home value growth is accelerating
During July, the typical home value was up 4.5% year over year to $253,527, the fastest value rate increase since May 2019
by Lillian Dickerson Aug 21
Airbnb issues global ban on parties
The short-term rental company announced on Thursday a global party ban and an occupancy cap of 16 people at its listings as the coronavirus pandemic continues
by Lillian Dickerson Aug 21
What to watch for as Airbnb gets ready for an IPO
New rumors suggest the short-term rental giant may file papers to go public as soon as this month. The rumors come as Airbnb's business gradually recovers from a pandemic-related downturn
by Jim Dalrymple II Aug 18
Big Sky yields big returns for vacation-homeowners: Vacasa
Big Sky, Montana, is the best place to purchase a vacation home in 2020, according to rental management platform Vacasa's latest market analysis
by Marian McPherson Aug 18
Rent price growth keeps slumping: CoreLogic
Rent prices grew by 1.4% in June, down from 2.9% growth last year
Increased demand for single-family rentals could lead to 10 years of undersupply
About 6% of new single-family homes are built for the purpose of being rented out, which would yield roughly 700K new single-family units being constructed over the next 10 years, a number well short of current demand, according to RCLCO Real Estate Advisors
by Lillian Dickerson Aug 17
Kamala Harris' record on real estate is mixed
The Democratic vice presidential candidate believes 'housing is a human right' and has proposed legislation for mortgage and rent relief amid the pandemic
by Andrea V. Brambila Aug 12
Management platform Breezeway cleans up with $8M funding round
Founded in 2015, Breezeway is a virtual platform that helps manage which property units have been cleaned and maintained. The Series A round was led by firm Schooner Capital
Landing CEO: Flexible living has accelerated amid pandemic
New member enrollment at Landing, a flexible living company with a leasing model for fully furnished apartments across the US, soared 210% month over month in May
by Lillian Dickerson Aug 11
Rents still rising amid pandemic
Rents are following seasonal patterns, though rents are going down in half of coronavirus hotspots, according to Apartment Guide's Mid-Year Rent Report
by Andrea V. Brambila Aug 5
Rent prices are slowing faster in cities than in the suburbs: Zillow
Between February and June, annual rent growth slowed 2 percentage points in urban areas while slowing by just 1.4 percentage points in suburban areas, according to a Zillow study
by Lillian Dickerson Aug 3
Why 'side suites' are all the rage right now
Accessory dwelling units have been growing in popularity both as a pandemic living option and a solution to affordable housing
Rently self-guided apartment tours to roll out nationwide
The self-guided tour pioneer inked an agreement with Pinnacle Living to help prospective tenants visit apartments on their own within a 160K-unit portfolio
by Craig C. Rowe Jul 30
As tech companies go remote, Bay Area rents tumble
Denser counties close to big tech companies are seeing significant year-over-year rent decreases, with San Francisco experiencing a 7.4% decline, according to a new study
by Patrick Kearns Jul 29
Zumper offers new online leasing suite for free
Smaller landlords and multifamily investors will now have a free suite for online leasing, payment collection and virtual tours
by Craig C. Rowe Jul 28
What's the outlook on the rental market now?
Opinion
To stay in front of the chaos, real estate investors need to know where the rental market really stands. Here's what you need to know — from macro data like unemployment and vacancy rates to how various property types are faring
by Bob Collopy Jul 27
Rental Beast listing database partners with AI platform
The partnership will allow the businesses to get a full picture of the real estate market, CEO says
by Andrea V. Brambila Jul 22
Where renters can get more bang for their buck in the US
Experts also weigh in on how local policymakers can make housing more affordable for renters without upsetting homeowners
by Andrea V. Brambila Jul 22
Multifamily rents fell year-over-year for first time in a decade
Annual rent growth shifted to negative in June, falling to -0.4% to $1,457
by Lillian Dickerson Jul 22
Rent prices still rising but at lowest rate in 10 years
'Single-family rent growth slowed abruptly in May as the nation felt the full impact of the economic crisis caused by the pandemic,' says CoreLogic's Molly Boesel
Florida is the No. 1 state to purchase a vacation rental
According to rental management platform Rented Inc., the Florida Panhandle is the best location for investors to purchase vacation homes
by Marian McPherson Jul 20
Minimum wage workers must clock 97 hours a week to afford housing
According to the National Low Income Housing Coalition, minimum wage workers need to make $23.96 per hour to comfortably afford a two-bedroom rental
by Marian McPherson Jul 20
Silicon Valley wants to reimagine multifamily housing
The arrival of construction startup Juno highlights the ways that Silicon Valley and its deep-pocketed investors are increasingly looking to real estate for the next big idea
by Jim Dalrymple II Jul 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
The pandemic is derailing renters' dreams of homeownership
Thanks to the coronavirus, 43 percent of renters who had been preparing to buy a home have now changed their plans, according to a new report from RentCafe
by Jim Dalrymple II Jul 8
Airbnb puts restrictions on renters under 25 to curb house parties
Amid the coronavirus pandemic, bookers under 25 who have fewer than 3 positive reviews will be barred from renting single-family homes close to where they live
As eviction bans expire, experts predict a nationwide housing 'nightmare'
Richard Rubin, the founder of affordable housing company Repvblik, said that the eviction crisis will also hit commercial real estate
Fast (and well-timed), video-tour app Replay Listings hits all the marks
Opinion
Co-founded by a former agent and currently available to New York City agents, the web and mobile video listing portal has its sights set on major market expansion, and it might have the chops to pull it off
by Craig C. Rowe Jul 3
Aspen in July? Pandemic pushes summer crowds to ski towns
'There is a frenzy of people who want to be here and who will pay anything to be here,' says broker Carrie Wells
This apartment got scooped up in 2 weeks — despite a 'kitchen shower'
The Brooklyn rental unit, which went viral this week due to a shower installed in the kitchen, entered contract on Tuesday — just 2 weeks after being listed
by Lillian Dickerson Jul 1
Airbnb CEO says travel and short-term rentals will never be the same
'I will go on the record to say that travel will never, ever go back to the way it was pre-COVID,' Airbnb CEO Brian Chesky said Sunday
Why MLSs should treat rentals the same as for-sale listings
There has never been a better time — or a greater need — to make rentals a mandatory property class. More data on the MLS, especially during a pandemic, serves the MLS and the brokers, agents and consumers who depend on it
by Cameron Paine Jun 26
Southern renters are benefiting most from pandemic pricing
According to a Zumper analysis published on Thursday, markets in Tennessee, Texas and Louisiana have experienced the largest rent declines since March
by Marian McPherson Jun 25
Summer outlook: Vacation rentals roar back to life
Though the pandemic and its various travel restrictions initially looked like bad news for the vacation rental industry, experts now say the sector is on fire
by Jim Dalrymple II Jun 25
Rental Beast launches program to integrate with MLS platforms
The all-in-one online rental listing service says the integration has the potential to connect MLS member agents and brokers with a millennial rental market that could yield $12 billion in annual rental commissions
by Lillian Dickerson Jun 23
Family-oriented rentals are next area of growth, opportunity
In a report released Monday, the Urban Land Institute highlighted the need for more two and three-bedroom rentals to meet the growing demand of families
by Marian McPherson Jun 22
Todd Baldwin on being a 28-year-old landlord in these turbulent times
'If you are interested in it or have the means to do it, just start,' the Seattle landlord advises prospective investors
Vacation rental sites roar back to life with surge of spring bookings
After a period of rolling out more lenient reservation cancellation policies and more stringent cleaning procedures in the wake of the coronavirus pandemic, Airbnb, Vrbo and other vacation-rental websites are starting to see an increase in bookings again
by Lillian Dickerson Jun 16
Rent price growth plummets amid widespread unemployment
Rent for single-family homes grew by 2.4% in April, a major drop from 3% in March
Vacation rental giant Vacasa announces $108M funding round
The firm also indicated its industry appears to be recovering from the lows of the coronavirus pandemic
by Jim Dalrymple II Jun 2
Expensive U.S. cities see rents fall amid coronavirus pandemic
San Francisco in particular has experienced a historic drop in rent amid the pandemic, though rents are also down in New York, Boston and other cities
by Jim Dalrymple II Jun 1
Some landlords got aid money. Many others were excluded
Smaller landlords form the 'backbone' of the residential rental industry. But they have been largely excluded from the Paycheck Protection Program during the coronavirus pandemic
by Jim Dalrymple II Jun 1
DC-area landlord Vipin Motwani on navigating business with empathy
While landlords may have seen a drop in income due to coronavirus, tenants often face direct layoffs and much less of a financial cushion — and, as Motwani stresses, confrontation is simply not productive
Months into pandemic, 70% of guests are afraid to stay in an Airbnb
Additionally, nearly half of Airbnb hosts reported that they don't currently feel safe renting out properties, according to a survey by IPX1031
by Lillian Dickerson Jun 1
Mets star, NYC landlord locked in rental dispute
Noah Syndergaard, accused of shirking his rent payment responsibilities, fired back on Twitter
by Patrick Kearns May 27
Real estate is looking very different in the Hamptons this summer — here’s why
Top New York real estate agent Jamie Safier is seeing incredible growth in demand in the Hamptons as well as changes in what renters are looking for
How to protect yourself as a first-time landlord
Opinion
Real estate investing is a competitive and risky game. Although you can't control when a global health crisis strikes, as an aspiring investor, you can protect yourself by adopting these necessary strategies and techniques
by Anna Johansson May 22
Rent prices could take a hit from widespread unemployment
Rent grew 3 percent in March, a small drop compared to the three preceding months
Making sense of the headlines: How will COVID-19 impact real estate long term?
Opinion
From owner-occupied to high-rises to rentals of all kinds, Windermere Chief Economist Matthew Gardner gives his take on probable outcomes for residential asset classes
by Matthew Gardner May 19
Small landlords get creative to adjust to post-pandemic landscape
With the pandemic wreaking havoc on the economy and leaving millions out of work, small landlords and Airbnb hosts are finding new ways to move forward amid financial trouble
Florida to relaunch vacation rentals — but not for New Yorkers
'If you tell me you’re going to rent them out to people from New York City, I'm probably not going to approve that, OK?' Governor Ron DeSantis said on plans to allow vacation rentals to restart
Should Airbnb owners sell or wait for a rebound? Agents weigh in
Three real estate agents in California, Utah, and Florida share how they're helping investors decide whether to sell or keep their rental properties as travel remains at a standstill
by Marian McPherson May 11
$1,200 stimulus check made little difference for renters, owners
According to Apartment List's latest study, the nonpayment rate for stimulus check recipients was only 3 percent lower than for those who didn't receive the payment
by Marian McPherson May 7
Airbnb to lay off almost 1,900 people amid coronavirus struggles
The layoffs come as the pandemic has largely stopped global travel and after Airbnb previously undertook cost-cutting measures
by Jim Dalrymple II May 5
5 things you need to know about lease renewals and rent hikes
Is your tenant's lease about to expire? Here are 5 things you need to consider before raising rent or asking your tenant to sign a new lease
by Marian McPherson May 5
Increased uncertainty prompts rise in short-term and furnished rentals
As tourism drops and more renters are faced with questions of what comes next, a market for short-term leases and furnished rentals is opening up
by Lillian Dickerson Apr 30
NYC poised to experience influx of out-of-state renters post virus
Apartment List's latest migration report reveals renters are still interested in moving to New York City and other coronavirus hotspots once the pandemic ends
by Marian McPherson Apr 28
Inman's state-by-state guide to evictions, rent and foreclosures
Rent and mortgage payments are due. Different states have different strategies for people who can't pay during the pandemic. We're updating this post as the situation evolves
by Jim Dalrymple II Apr 28
How a downturn could tip the scales against mom-and-pop landlords
Mom-and-pop landlords have been losing market share for decades. The last time there was a downturn, that trend accelerated
by Jim Dalrymple II Apr 27
'Sex-for-rent' requests from landlords soar amid pandemic
Women's advocacy groups in Hawaii and Illinois say renters are being pressured to perform sexual acts in lieu of rent as unemployment rises
by Marian McPherson Apr 20
'I don't want to evict anyone': 3 investors on how COVID-19 has impacted them
Small-time real estate investors in Atlanta, Denver and Knoxville share how they're balancing their financial security while caring for tenants
by Marian McPherson Apr 20
How to improve remote leasing efforts with video
How can leasing agents adapt to today's challenges and show apartments in remote situations? Answer: It's all about video
by Aaron Galvin Apr 14
How to give tenants a break while also protecting yourself
The coronavirus pandemic has kneecapped many tenants' ability to pay rent. Landlords may want to offer some leeway, but they have to be smart about it
by Jim Dalrymple II Apr 13
Even amid coronavirus, most New York tenants paid April rent
The Community Housing Investment Program said that only 10% of its landlords did not receive rent for the coming month
Rent growth slows amid coronavirus pandemic
Rents still increased in March, but the growth slowed at a time when rents would normally be rising more quickly
by Jim Dalrymple II Apr 6
Can landlords discriminate based on a tenant's job? It's complicated
The short answer is probably not. The long answer is complicated — and it's happening
by Jim Dalrymple II Apr 3
What should landlords do when tenants can't pay rent?
The number of people who have filed for unemployment in the past few weeks is approaching 10 million. This week, many of those people also had to pay rent
by Jim Dalrymple II Apr 2
Fear and uncertainty is mutual among renters and landlords: Poll
A vast number of renters have lost their jobs during the pandemic, leading to 'fear far worse than expected,' according to a new survey of more than 2,700 landlords and 7,300 renters
by Jim Dalrymple II Apr 1
Airbnb announces drastic cost-saving measures to survive slowdown
CEO Brian Chesky said he and his executive team will take dramatic pay cuts along with eliminating marketing budget
by Marian McPherson Mar 30
Cheesecake Factory says no to rent at 294 locations. Socialists rejoice
Thanks to pandemic-related closures, the company said it doesn't have enough to pay landlords in April. Jokes about a caramel-drizzled revolution ensued
by Jim Dalrymple II Mar 25
People are fleeing cities amid coronavirus. Where are they going?
Data retrieved by Airbnb analysis website AirDNA shows that short-term renters are ditching cities for more rural areas as COVID-19 cases become more widespread
by Lillian Dickerson Mar 25
Airbnb-backed startup Lyric sacks staff, shutters locations amid virus
The boutique hotel has fired a majority of its 100-person staff and plans to close 400 units in 10 locations
by Marian McPherson Mar 25
56% of renters still plan to move despite ongoing pandemic
RentCafe's latest survey shows the majority of renters aren't canceling moving plans
by Marian McPherson Mar 24
Coronavirus is already impacting short-term rentals
The ongoing pandemic has already slowed bookings for companies like Airbnb, and may prompt investors to shift their strategies going forward
by Jim Dalrymple II Mar 23
Rently self-guided tours coming to 75 more rental communities
An award-winning national property manager responds to reduction in face-to-face showings by rolling out Rently's patented touring technology
by Craig C. Rowe Mar 23
In New York, open houses and cold calls are suspended. Is rent next?
Gov. Andrew Cuomo has already called for a moratorium on evictions at the epicenter of the Coronavirus pandemic. Now state and city officials are calling for a rent freeze
by Patrick Kearns Mar 23
Major California landlord group calls for rent freezes, eviction halts
The California Apartment Association represents owners and managers. Referring to the coronavirus pandemic, it said the 'challenge before us is one like we have never endured'
by Jim Dalrymple II Mar 20
Zumper fast-tracks online tour tools, presses on with hiring plans
The nation's largest rental search and transaction platform has pushed up the launch of new online tour tools to counter the 'coronavirus market.' HUD's call to delay evictions could have long-standing impact on property market
by Craig C. Rowe Mar 20
Rental season 'completely derailed' by coronavirus
Apartment search company RentCafé said that in the last week searches for apartments on its site have fallen 25%
by Jim Dalrymple II Mar 18
Coronavirus safe house listings pop up on Craigslist, Airbnb
Numerous rental listings around the world are being billed as 'coronavirus-free.' Many also tout the fact that they have toilet paper
by Jim Dalrymple II Mar 13
Elected officials want to halt evictions over coronavirus
Members of the New York State Senate and even presidential hopeful Bernie Sanders have called for a temporary ban on evictions as the country deals with the deadly illness
by Patrick Kearns Mar 13