In recent years, the rental market has become increasingly challenging for tenants, largely influenced by sophisticated algorithmic software like YieldStar ® (realpage.com) which is designed to help landlords optimize their pricing strategies, but its precision in determining the price point of apartments can inadvertently contribute to a tougher market for…
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Investing
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Housing Data Show Median Price Per Square Foot by Region
The real estate industry’s age-old saying — “location, location, location” — remains true, especially when examining the median price per square foot for new homes across different U.S. regions based on the latest U.S. Census Bureau data from 2023: Moreover, in 2023, a significant portion (73%) of new single-family houses…
Enhancing Tenant-Landlord Relationships and Property Management: A Step-by-Step Guide
The relationship between tenants and landlords is often multifaceted, encompassing various perspectives and potential challenges. One of the primary complexities in tenant-landlord dynamics is the disparity in expectations and responsibilities. Landlords typically focus on maintaining property value, ensuring timely rent payments, and adhering to legal requirements. Conversely, tenants prioritize a…
