Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
Boosting Property Value Through Water and Energy Efficiency
By Andrew Ruhland | | Updated
Successful conservation efforts don’t just add value to a property in the form of dollars, they also attract and retain environmentally conscious renters. There’s simply no escaping it: Costs for almost everything are on the rise. From groceries to gas, everyone is feeling the squeeze, but for…
5 Incentives to Increase Lease Renewals
By Ashley Tyndall | | Updated
Resident retention remains a high priority, and these five incentives can help earn renewals. It costs a whopping $3,976 to replace one of your residents when they don’t renew their lease, which is up from $3,850 last year, according to Zego’s “The 2022 State of Resident Experience Management…
Post-Recess Outlook: What’s on the Table, Why We’re Engaged and How it Will Affect the Industry
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Congress returns to Washington with a slate of potential legislative actions that will have a direct effect on apartment housing.With Congress back in Washington post-recess, the industry is tracking many potential legislative actions that will have a direct effect on the rental housing sector. And…
Rent Growth Slows Across U.S.
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Rent growth eases; still ahead of pre-pandemic data.Rent growth continues to slow across the U.S., marking the first back-to-back monthly declines since the end of 2021. The Apartment List National Rent Report shows rents increased 0.5% during August, which is half the growth rate that was seen the…
Are Commercial-to-Residential Conversions Really the Next Big Thing?
By Marc Kotler | | Updated
Available land is scarce in New York City. One alternative is converting office and other non-residential buildings into rental housing.With a population fast approaching 8.5 million people and the number of available rental apartments plunging month after month, the demand for housing in New York…
RKW Residential Expands in Southeast
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RKW Residential increases its footprint in the Southeast with 13 new communities.RKW Residential has expanded its footprint throughout the Southeast. The company announced the 13-community portfolio totaling more than 2,800 apartments on Aug. 25.Among those communities are RKW’s first under…
WSJ Editorial Board Tackles ‘Insanity’ of Rent Control
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The Wall Street Journal Editorial Board discusses the topic of rent control in Florida.Rent control is on the table again in Florida, this time in Orange County. The Wall Street Journal Editorial Board, again, has shunned the idea of capping rents. See the Board’s criticism on St. Paul, Minn., rent…
WeWork Co-Founder Building Real Estate Company
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WeWork Co-Founder Adam Neumann lands $350 million check for real estate company.WeWork Co-Founder Adam Neumann is building a real estate company with the help from venture capital firm Andreessen Horowitz (a16z). According to the New York Times, a16z is investing $350 million in Flow, the largest…
Vining Ivy: A 2023 Color of the Year
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PPG and Glidden have named Vining Ivy their 2023 color of the year.Vining Ivy is the 2023 Color of the Year. The ‘bluish-greenish-something-in-between’ from Glidden paint by PPG was announced as the Color of the Year earlier this month, and it was selected as the color of the year by both Glidden…
What the Passing of the Inflation Reduction Act Means for Rental Housing Providers
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The $740 billion Act includes provisions that may affect the rental housing industry. On Aug. 16, President Biden signed the Inflation Reduction Act (IRA) of 2022, ending months of negotiations on a bill totaling over $700 billion. In a significant win for the rental housing industry, the…