Boost Your Apartment Revenues in 5 Steps
Also: Does affordable housing really lower neighboring property values? And, how are Millennials breathing life into the single-family rental sector?
The Multifamily Minute takes a look at the latest news and trends across the multifamily industry, featuring content from Janover.Ventures’ affiliated sites.
Are you looking for financing? Click below to get a free quote today.
(Also, what do you think about this weekly newsletter? Any topics you’d like to see covered? Anything you think is out of place? Leave a comment — I’d love to hear from you. — Ed.)
Affordable Housing: The Bogeyman of Property Values?
Although it’s widely believed that affordable housing has a chilling effect on the property values within a neighborhood — hence the endemic NIMBYism whenever and wherever a development is proposed — research suggests otherwise. Read our latest on HUD.Loans to learn how, when done appropriately and with meaningful input from a community, affordable housing can have surprising, lasting effects on a neighborhood.
How Millennials Are Driving Single-Family Rentals
The editor avoided writing “How Millennials Are Killing Multifamily Rentals” even though it may have been, in retrospect, a fun thing to add to Business Insider’s kill list. (Also, I’m a Millennial. — Ed.) Truth is, Millennial demand for single-family rentals is higher now than ever before. Multifamily.Loans’ blog does a deep dive into how this has happened and where savvy investors should look to reap the upside of this shift.
Five Ways to Increase Your Property’s Passive Revenue
It’s not just about raising rents. There are a lot of simple, meaningful ways you can increase an apartment building’s cash flows — and profitability. Many of these methods tie into things a landlord may already be doing, or can be implemented with a simple reconfiguration of the space you’ve already got. Read more about your options on Apartment.Loans.
Kansas City’s Robust Rental Market
Missouri’s largest multifamily rental market is picking up speed. After rents grew by nearly 9% last year, they’re projected to rise another 8.4% this year, according to a recent report from Marcus & Millichap. Why the optimistic outlook? Major drops in vacancies within the metro’s urban core are one indicator, but explosively rising demand in K.C.’s suburbs is another. Read our analysis on Multifamily.Today.