How to Pick a Property Manager
Also, looking to convert a hotel to apartments? Curious how New York City's multifamily market is doing? Read on for the latest.
The Multifamily Minute takes a look at the latest news and trends across the multifamily industry, featuring content from Janover.Ventures’ affiliated sites.
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How Zoning Impacts New Affordable Housing
Whether you’re planning to open a new community or repurpose an old hotel — though more on that further down — one aspect of development you’ll definitely face relates to zoning. Every municipality has a different way of handling zoning, so ensure you know how your local zoning board’s policies intersect with your project plans. Read our latest on HUD.Loans.
New York City’s Multifamily Market Is Back
Read Multifamily Today’s latest analysis on how multifamily assets are performing in The City That Never Sleeps. The short of it, though, is that rents are already above pre-pandemic levels, pushed by growing occupancy as renters who headed out during the pandemic are coming back — in a big way. What’s more, despite an estimated 21,000 units delivering this year alone, it’s likely not enough to make a dent in growing demand. As a result? Investment has exploded, with transaction volume putting NYC third on the list of markets nationwide.
What Qualities Should Your Property Manager Have?
You need someone on-site you can trust. But that’s not always so easily quantified — but not to worry, we’ve made a list. Check out our list of four traits you should use to evaluate a property management company. Chosen well, a strong, effective property manager can boost rental revenue, reduce resident turnover, and mitigate risky situations — all while making your residents feel right at home. View the full list on the Multifamily.Loans blog.
How to Convert a Hotel
Wait. Why is an article about hotel conversions in the Multifamily Minute? Simply put, hotel property conversions have increasingly become a way of boosting housing supply in densely populated, urban areas — particularly after the rough stretch the hospitality industry’s been through. If you’ve been thinking of investing a hotel and repurposing it as an apartment building, great! But…there’s a lot to think through, first. Check out CommercialRealEstate.Loans’ list of questions to ask yourself first.