The seasonally adjusted annual rate for building permits surged in June because of a legislative anomaly; usually, the difference between the unadjusted and adjusted number is closer to zero. Does it indicate the potential for future change?
Rent growth is increasing steadily across the board, but certain factors are helping suburbs grow faster than their urban counterparts. Find out what’s helping rent growth in suburban areas and what to expect for the market in general in 2016.
Owning a house or a condo has its benefits — but do those benefits come at a cost? Recent data say yes, in certain cities; but in other metros, renters pay more. See which areas experience the greatest differential.
Following a busy summer season, it’s important for apartment-community owners and managers to update residents’ emergency contact information. It may also be a good time to provide additional training for service providers to update them on any changes to the apartment community and its staff.
It’s easier to make spaces feel open and inviting when they boast 12-foot ceilings. Creating openness in spaces with standard ceiling heights takes a little more ingenuity. These three tips can help even the smallest spaces feel larger.
Only about one-third of renters have renter’s insurance, compared with more than 90 percent of homeowners who have homeowner’s insurance. Part of the reason is perceived cost; the other is misunderstanding what such insurance covers. Help residents understand the benefits of renter’s insurance so they can adequately protect their belongings.
Recognize untapped savings in your energy and utility expenses with energy benchmarking strategies. See how your portfolio can achieve annual savings of $50,000 at the "Return on Energy: Portfolio Sustainability Strategies" session during MAXIMIZE: 2015 Multifamily Asset Management Conference, Oct. 12–14, at the Omni Amelia Island Plantation Resort, in Amelia Island, Florida. Register today.
This Friday is the deadline for submitting a proposal to speak at NAA’s 2016 Student Housing Conference & Exposition, Feb. 16–17, 2016, at the Hyatt Regency in Chicago. Use this opportunity to help inform other industry professionals by sharing with conference planners any issues or challenges you’ve observed in the student-housing market.
Purchase a copy of the 2015 NAA Income & Expense Survey to see how line items, such as dollars per unit, dollars per square foot of rentable area, and dollars as a percentage of gross potential rent, compare among properties in your market. A full report including all markets is also available.
NAA members have the benefit of accessing favorable terms for products and services from top companies through NAA’s Open Door program. The association vets its preferred companies and provides special offers and savings for its 68,000 members by negotiating prices as one buying entity. See what offers are available today.