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Why some brokerages are embracing property management

Real Estate News

Between investor purchases and property management, it can be a lucrative business for brokerages — and a source of buyer leads. The rental market is massive.

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How to minimize tenant turnover using online property management tools

Housing Wire

Tenant turnover happens when the current tenants move out of a rental property and the property is now vacant and it needs to be prepared for new tenants to move in. Turnover is one of the most costly aspects of the property management business, with the average turnover costing more than two thousand dollars.

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Rent growth to slow further in 2024 as more inventory arrives

Housing Wire

According to property management software site Yardi , the majority of renters will remain locked in leases that were signed before rent prices started to soften. As home and financing prices were too high for prospective buyers, many turned to single-family rentals instead, buoying demand.

Inventory 380
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Roofstock buys Great Jones platform to help investors profit on their real estate

Housing Wire

Roofstock , a proptech startup aimed at making it easier to purchase an income-producing property, announced Wednesday its acquisition of Great Jones , a property management platform that Roofstock intends to utilize for its “end-to-end single-family rental platform.”

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Illinois homebuyer files commission lawsuit against @properties

Housing Wire

The suit takes aim at the National Association of Realtor’s Participation Rule which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a NAR affiliated MLS. As with all of the other commission lawsuits, Tuccori’s suit is seeking class action status.

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This app lets homeowners generate floor plans of their homes for free

Housing Wire

we’re helping potential buyers make more informed decisions, while empowering agents and sellers to market their properties more effectively, and supporting a modern valuation process for both appraisers and lenders,” said Jeff Allen, president of CubiCasa. How smart home technology can benefit renters and property managers.

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.