The U.S. multifamily property management industry encompasses 40 million multifamily units valued at $3 trillion. More than 800,000 people work as employees of the management industry, while tech and service vendor companies employ hundreds of thousands more. And the industry is growing, requiring 4 million more units by 2030 just to keep up with demand.…
Read more
Leasing has become more competitive than ever, and apartment operators have been rethinking the types of amenities they’re offering. Residents, like operators, have new apartment needs. With a greater number of residents working from home, there is increasing demand for high-speed internet and community-wide WiFi. High-speed internet and community WiFi is very important to residents…
Read more
With people returning to physical stores and food and drinking places, demand for retail space in Q2 2021 exceeded pre-pandemic peak levels.
Mortgage rates rose sharply to 3.05% this week from 2.99% last week as consumer and producer prices continue to inflate due to persistent supply bottlenecks and labor difficulties. NAR forecasts the 30-year fixed mortgage rate will reach 3.6% by mid-2022.
The National Association of Realtors® has released its statistical & forecast news release schedule for 2022.
Inflation is lingering amid the strain on supply chains, labor difficulties, and rising rent prices.
It’s October, which means it’s officially SPOOKY SZN, people! (That’s the cool thing to call the time before Halloween. Am I right, fellow kids?) Are you going to do something in your community to celebrate Halloween this year?
When you adopt the “Hell Yes or Hell No” decision-making process like elite multifamily real estate investors do, you’ll be amazed at what you can accomplish in your business. For more guidance on how elite investors grow their business, check out my book on the topic on Amazon at https://www.amazon.com/Multifamily-Investors-Who-Dominate-Transact/dp/1735833908. Every year that goes by…
Read more
