Features

Multifamily TheGuarantors Eben MacNeille

Renter Profiles Are Changing – How Multifamily Operators Can Minimize the Risks of Rent Default and More

by Sarah Daniels October 23, 2024

Despite the persistent housing shortage, landlords are having a more difficult time qualifying potential residents, especially non-traditional applicants who don’t check the usual boxes for credit and employment history. Renters are also facing bigger hurdles for income, credit and up-front deposits. “It has become increasingly expensive and challenging to rent an apartment in the United States,” says Eben MacNeille, senior director of sales at TheGuarantors. The New York-based financial technology company serves the multifamily industry by providing lease guarantees, security deposit replacements and renters insurance and compliance solutions. Today’s renter …

October 23, 2024

Features Midwest Northeast Operations Southeast Technology Texas Western

How Multifamily Owners Can Guard Against Renter Fraud

by Channing Hamilton October 7, 2024

Scammers lurk in the background of virtually every industry, and the multifamily sector is no exception. Some renters will leap at the chance to exploit loopholes in the system and take advantage of unprepared landlords. “As a baseline definition, we classify rent fraud as any act of intentional deception by a renter to deceive the property owners to gain financial or personal benefit,” says Josh Albrechtsen, senior vice president and general manager of front office solutions at RealPage. “Fraud is evolving constantly. This is not a one-and-done problem solve. The …

October 7, 2024

Stella at Five Points in Huntsville, Alabama

Alabama Development Features Leasing & Marketing Operations Southeast

Huntsville is a City of Opportunity for Community Building

by Channing Hamilton September 16, 2024

Huntsville is a land of opportunity for new projects. The “Rocket City” is the most aggressive market in the nation for apartment development, according to data from RealPage. The city claimed that title in 2022 and has maintained it ever since. Developers completed roughly 5,900 units in the first quarter of 2024, according to RealPage. This expanded supply by 15.9 percent. Another 9,895 units are currently under construction, with 6,900 of those apartments slated to deliver by the end of the first quarter of 2025. RealPage estimates the city will …

September 16, 2024

Speakers at the build-to-rent panel at InterFace Carolinas Multifamily

Build-to-Rent Development Features Finance North Carolina Southeast

Build-to-Rent Residential Sector Remains in a Sweet Spot, Say InterFace Panelists

by Channing Hamilton August 23, 2024

CHARLOTTE, N.C. — Build-to-rent (BTR), or purpose-built neighborhoods of single-family rental homes, has been an emerging subsector of the multifamily continuum the past several years. The housing type fills a niche for renters as it offers more living space and privacy than typical apartments, but is more affordable and amenitized than for-sale homes. The BTR sector began its ascent during the early years of the COVID-19 pandemic when a confluence of factors —the rise in work-from-home and hybrid work schedules, an increase in household formation of younger millennials, the desirability …

August 23, 2024

Speakers on the design panel at the InterFace Houston Multifamily conference.

Conference Coverage Development Features Operations Texas

InterFace Panel: When It Comes to Amenities in Today’s Multifamily Market, Sometimes Less Is More

by Channing Hamilton August 16, 2024

HOUSTON — Within the world of multifamily development, the “amenities arms race” has become a well-documented trend over the past decade, a contest to curate and deliver the most appealing combination of entertainment and wellness features and activities to woo prospective renters. In many instances, this approach was successful, and developers succeeded in capturing the hearts and wallets of renters who sought an “everything under one roof” approach to renting. The fervent movement to deliver more extensive and impressive amenity packages also worked for much of the last decade because …

August 16, 2024

The investment panel at InterFace Carolinas Multifamily 2024

Conference Coverage Features Finance Investment Sales North Carolina South Carolina Southeast

Investors Need to Capitalize on ‘Golden Window’ to Buy Below Replacement Cost, Say InterFace Panelists

by Channing Hamilton August 9, 2024

The method to buy below replacement cost is a tried-and-true investment strategy among real estate investors that allows them to capitalize on short-term fluctuations in the market in order to lock in long-term value. Grant Russell, director of investments at AvalonBay Communities Inc., said that multifamily investors today are in a “golden window” because they can acquire a Class A property for less than what it costs to develop the same community from the ground-up, all things being held equal. “Deals are trading for higher than yesterday’s costs and below …

August 9, 2024

Affordable Housing Development Features Finance Midwest Nevada Northeast Southeast Texas Western

Industry Says Biden’s Proposed Rent Cap Would Punish Tenants

by Channing Hamilton July 16, 2024

WASHINGTON, D.C. — The Biden administration has called on Congress to pass rent-control legislation that would affect more than 20 million rental homes across the country. Under the proposed rule, landlords with more than 50 units in their portfolios would forfeit federal tax breaks if they raise rents annually more than 5 percent on their existing units. If passed, this rule would be in force beginning this year and would last through 2026. The plan would include an exception for new construction and for units currently undergoing substantial renovation or …

July 16, 2024

Oxenfree at WeHo in Nashville, Tennessee

Build-to-Rent Features Midwest Northeast Southeast Texas Western

Strong Tenant, Investor Demand Ensures Build-to-Rent Model Is Here to Stay

by Channing Hamilton July 1, 2024

Empty nesters and millennials with children are increasingly drawn to new subdivisions of build-to-rent (BTR) houses for lifestyle and financial reasons. These professionally managed BTR homes come in many shapes and sizes. For a growing family, a new three- or four-bedroom rental house might be the ideal fit. Renters who don’t need a lot of space, but who value private parking and a modest backyard, can move into a one- or two-bedroom cottage-style home. These properties provide more living space and privacy than a typical apartment and at a more …

July 1, 2024

Panelists at the “Who is building, developing and investing in the Southeast?” panel at InterFace Affordable Housing Southeast

Affordable Housing Development Features Finance

InterFace Panel: Workforce Housing Growth Limited by Lack of Incentives for Developers, Investors

by Channing Hamilton June 5, 2024

ATLANTA — Workforce housing is a hot topic in the multifamily sector. The apartments are designed to serve middle-class renters, with no government subsidies such as tax credits and fewer of the bells and whistles associated with luxury projects. The combination of the spike in the cost of living, elevated interest rates and a low housing supply has made it difficult for middle-income households across the nation to buy or rent housing. Theoretically, this means there is a large market to serve by building workforce housing communities. However, while some …

June 5, 2024

Speakers on the “Southeast Regional Housing Authorities & Legal Update” panel

Affordable Housing Development Features Finance

Prevailing by Planning: Looking Ahead is Crucial to Affordable Housing Success

by Channing Hamilton May 31, 2024

ATLANTA — There are a common set of headwinds, such as high construction costs and interest rates, facing the commercial real estate industry at large. But affordable housing development and operations come with a unique set of challenges all their own and beyond those of other sectors. Despite this, panelists at the InterFace Affordable Housing Southeast conference, held May 9 at the Cobb Galleria Centre in Atlanta, expressed an optimistic outlook for the sector. Closing out the day’s events, speakers on the “Southeast Regional Housing Authorities & Legal Update” panel …

May 31, 2024

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