Latest stories on rising-costs

Leasing: What A Property Manager Needs To Know About Rent Control

Posted by Written with love by the Livable Content Team on Mar 9, 2022 9:37:07 AM

Rent control refers to legislation restricting rental rates in a city or state. The maximum rent that can be charged for a unit and the amount that the rent can be increased per year varies per municipality. Cities use rent control laws to regulate the housing market.

What the Eviction Moratorium Extension Means for Owners

Posted by Written with love by the Livable Content Team on May 1, 2021 9:00:00 AM

With days to go before the end of a nationwide eviction moratorium, the Centers for Disease Control and Prevention has extended the federal order until June 30. The previous extension was due to expire at the end of March, which was already an amendment to the original end-of-January extension...

How to Hit Pause on Your Mortgage Payments

Posted by Written with love by the Livable Content Team on Apr 1, 2021 9:00:00 AM

With eviction moratoriums extended in many states, countless multifamily owners have been left at a loss about how to keep up with their own financial commitments. Luckily, the Federal Housing Finance Agency has extended multifamily property forbearance until Ju...

How the New Presidency Could Impact Your Taxes

Posted by Written with love by the Livable Content Team on Mar 1, 2021 9:00:00 AM

While campaigning for office, President Joe Biden proposed numerous tax law changes that, if enacted, would have significant impacts on the multifamily industry. The biggest potential change is the end of 1031 exchanges,... 

Investors Show Their Love for Multifamily Properties

Posted by Written with love by the Livable Content Team on Feb 1, 2021 12:27:07 PM

With retail and hospitality industries in a perpetual state of uncertainty since the global pandemic started in 2020, real estate investors have been drawn to multifamily properties. There is particular excitement about properties in areas outside of major metros, like Jacksonville. During the pandemic, these more affordable, less dense areas have become newly popular with former urbanites looking for more space and easier access to nature.

Utility Rates are Ever-Increasing

Posted by Written with love by the Livable Content Team on Jan 6, 2021 9:00:00 AM

Electricity

Nationwide, property owners should expect across-the-board ongoing utility increases, with some jurisdictions expected to see double-digit rate hikes. According to a survey from the U.S. Energy Information Administration, the residential electricity price nationwide increased just under 1% between 2020 and 2021, continuing an upward trend - rates have gone up 6% in the last decade.  

Monthly-tip

Smart saver tip of the month

Insulating water pipes is a quick and inexpensive way to lower water-heating costs. The easy upgrade reduces heat loss and allows you to lower your buildings’ water temperature setting by two to four degrees. Plus, since water doesn’t take as long to heat up, less of this precious resource is wasted waiting for faucets and showers to get to the appropriate temperature.

On smaller buildings, this is a definite DIY job that should take less than a day to complete. Check out the U.S. Department of Energy’s website for a comprehensive shopping list and step-by-step instructions.