Rent was 1% lower in June than a year earlier, but not everywhere
The typical rent was $1,745 a month in June, down $31 from its record high in July 2022, according to a new report from Realtor.com
by Taylor Anderson Jul 25
Entrata shores up tenant credit reporting with Rent Dynamics
Multifamily proptech Entrata acquired Rent Dynamics, which offers software that assists landlords in reporting positive rent history to credit bureaus and other features, Entrata says
by Craig C. Rowe Jul 13
US rent hits just shy of all-time record high: Report
Despite having cooled for more than a year, the median asking rent in the US remained just $24 below its all-time high as of June 2023, Redfin reported
by Lillian Dickerson Jul 12
AppFolio exec: AI is about 'activity elimination,' not axing human jobs
Rather than being replaced by artificial intelligence, the agent of the future will have fewer rote tasks to perform, Cat Allday, AppFolio's vice president of AI and product operations, tells Intel
by Jim Dalrymple II Jul 12
RentRedi's latest offers increased document flexibility
'We aim to make landlords and their tenants’ lives easier by giving them everything they need, and nothing they don’t,' said RentRedi CEO and co-founder Ryan Barone
by Craig C. Rowe Jul 11
Apartment-building boom is finally making things better for renters
Builders are adding more supply than at any point in the past 5 decades, with another million units on the way in the coming few years, according to a new report from RealPage
by Taylor Anderson Jul 11
After a pandemic pause, the built-for-rent revolution is underway
The number of new homes earmarked for the rental market is expected to double by 2027 as built-for-rent housing rebounds with a record Q1 and developers clamor to partner with investors
by Taylor Anderson Jul 11
Property investing is so hard, even Spencer Rascoff steers clear of it
The co-founder of Zillow and Pacaso just isn’t that into traditional real estate — at least as an income-generating investment, he told Arrived CEO Ryan Frazier in a recent interview
by Daniel Houston Jun 30
Amid building boom, rent growth finally reaches zero nationwide
A report from Apartment List shows that typical rents are now the same nationwide as they were a year ago. The slowdown follows a period of unprecedented rent growth and a runup in supply
by Taylor Anderson Jun 29
The pros and cons of representing renter clients
Opinion
Though renting may come with smaller commissions than selling, working with prospective tenants can still be a profitable part of your real estate business
by Jonathan Pressman Jun 27
This apartment complex wants to lock residents inside all night long
The Array Apartments in Austin, Texas, has announced a 'mandatory' curfew between 10 p.m. and 5 a.m. each night. But legal experts are skeptical such a rule can be enforced
by Jim Dalrymple II Jun 13
Credit-building app for renters, Boom, reports $4.5M seed round
'We invested heavily in building our end-to-end software solution for rent reporting and consumer app layer and now we’re focused on revolutionizing the entire renter experience,' Boom says
by Craig C. Rowe Jun 7
ChatGPT plugin to empower Zumper search experience
Machine learning has been a component of its overall solution for awhile, but Zumper's ChatGPT use will enhance consumer-facing interactions primarily in terms of search, the company says
by Craig C. Rowe Jun 2
Airbnb sues New York City over 'de facto ban' on short-term rentals
The company says only nine of its nearly 40,000 units in New York have been approved under the new law — which Airbnb claims is meant to drive out short-term rentals
by Jim Dalrymple II Jun 2
Keller Williams, eXp Realty, others sued over alleged discrimination
The new lawsuit claims that a host of big-name real estate companies, as well as various landlords, refused to accept Section 8 vouchers for lower-income renters
by Jim Dalrymple II Jun 1
Heading into summer, Airbnb is going head-to-head with the hotels
With a busy travel season in sight, Airbnb is grappling with a paradox that might prove critical to its long-term success: offering an affordable alternative to travelers while remaining viable to hosts
by Taylor Anderson May 30