Of Interest

Construction is driving competition in multifamily properties. One way to stay ahead of the competition is with concessions, perks, services residents want. Rental concessions, such as free months of rent or parking, are at their highest level in over two years, according to Zillow. However, it’s a varied landscape nationwide, with property managers exploring different...

Despite rents growing faster than home prices, the trend of renting being more affordable than owning continues. Median three-bedroom rents in the United States are more affordable than owning a similarly sized home in nearly 90% of local markets around the nation, according to ATTOM’s 2024 Rental Affordability Report.

Optimizing a building’s energy efficiency can fit into a property owner’s budget.  Upgrades to the building envelope, lighting, HVAC, insulation, and plumbing can help to attract renters who value sustainable living, lower energy bills, preparation for possible severe weather, and comfort. The annual energy savings can be huge. Read on!

The Department of Housing and Urban Development recently made nearly $1 billion available for energy-efficient upgrades in low-income multifamily properties, but also local utility companies like National Grid are offering their customers financial incentives for these initiatives. The most effective upgrades depend on the property and the location, which is why it’s helpful to consult an energy...