From automating property management to facilitating civil engagement between residents, this week’s list of top multifamily reads has some actionable ways to increase resident retentions. We’ll also take a look at the Top 10 metro markets for rent growth — with some familiar faces from the West Coast nabbing some top spots. Job growth certainly plays a role in a rent growth, and non-farm payroll increased in over 310 metro areas year-over-year as of the end of March. In further evidence linking job growth and rents, new research from Chandan economics finds a visible trend between average household income and asking rents in the Top 50 metros.

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Eight Ways For New Investors To Succeed In Today’s Real Estate Market

via Forbes – May 11, 2017

“If you’re new to the real estate market or are thinking about making your first investment, now is the time to get a jump on learning the latest industry trends.”

 

Non-farm payroll employment increased in 310 metropolitan areas for year ending March 2017

via U.S. Bureau of Labor Statistics – May 11, 2017

“Among the nation’s 388 metropolitan areas, 310 had over-the-year employment increases from March 2016 to March 2017, while 71 had decreases, and 7 were unchanged.”

 

Metro Market Trends: Household Income vs. Asking Apartment Rents

via ALEX Chatter – May 12

“When average household income levels are plotted against average rent levels for each of the Top 50 metros, we find a near perfect fit between the two indicators, with data points clustered closely along the trend line.”

 

Neighbors Anonymous: Engaging Residents in Multifamily Communities

via Property Management Insider – May 9, 2017

“They want better neighbors and more friends who live in the same place. But they can’t always make that happen on their own. Property managers need to offer a little help.”

 

West Region Dominates Top 10 Leaderboard for Rent Growth

via MPF Research – May 8, 2017

“In general, two types of metros populated the top 10 leaderboard – those benefitting from very strong underlying fundamentals and those experiencing a recent boost in a late-cycle recovery.”