Achieving the American Dream has long meant owning a home, but today, that idea may be doing more harm than good, particularly for Millennials. Homeownership has traditionally symbolized that a person was established, both financially and socially. And until just earlier this century, it was viewed as a sure-fire way to build wealth. Unfortunately, it’s …
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Opportunity Zones: What Landlords Need to Know
Note: This article reflects zoning policies in effect as of November 1, 2019. These policies are slated for review and updates in January of 2020. We will update this article as needed. The Demand for Urban Residential Property Is High Good news for landlords: the demand for urban residential property is and has remained high …
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Revamping Commercial Properties for New Use
Major changes in the way people shop, work, and interact have left the commercial real estate market on edge. In retail, the continuous growth of e-commerce has had a devastating effect on once prominent brick-and-mortar businesses. Traditional office buildings are struggling to keep up with shifts in workplace dynamics and the rise of the work-from-home …
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Three Keys to Marketing a Historic Property
Although recent real estate trends have focused on investing in and gentrifying urban communities across the country, that doesn’t mean there’s less demand for historic properties. In fact, as urban areas undergo revivals, certain properties and buildings may become highly sought after for the very features for which they were once overlooked. These revitalized buildings …
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Will Climate Gentrification Affect your Real Estate Market?
We’ve discussed the numerous ways to stay abreast of the ever-changing real estate market before at Innago, ranging from proximity to retail to shrinking apartment sizes, but it’s doubtful we’ve taken on a topic quite so large as climate change. Just how far down the road until we see its effects remains to be seen, …
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Is Proximity to Retail Becoming Less Important to Renters?
With Amazon continuing to grow, making nearly everything deliverable to your door, proximity to retail might become less and less of a draw for potential renters. Take into account that many malls and once-unshakable franchises across the country are closing, and the role of brick-and-mortar stores in relation to property management certainly deserves another look. …
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Apartment Size is Decreasing: Does it Matter?
As new apartment buildings are built, the units on the inside are changing drastically. Since 2006, the national apartment size average has been slowly decreasing. So far in 2017, the average size of an apartment has been recorded at 889 square feet, which represents a 9% reduction compared to those built in 2006. Surprisingly, even …
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Backcasting: Analyzing the Past for the Future of Real Estate
You may be unfamiliar with the term backcasting, but if you’ve been in the real estate industry in any way shape or form for even just a month, you’re bound to have heard about real estate cycles. Cycles are evident in every form of real estate – commercial and residential, big and small. Nearly every …
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Smart Homes & Smart Technology: How They Impact the Rental Market
We are currently living in a world with smartphones, smart cars, smart televisions and now; smart homes. Even though the smart home market is still in it’s embryonic stage, people are actually adopting this technology more rapidly than originally imagined. So quickly that we are already seeing the next step in this evolution of real …
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Renting to Generation Z: Are You Ready?
The apartment industry has been obsessing over millennials for years. And for good reason. Millennials are responsible for the recent, drastic increase in rental housing demand. But believe it or not, there’s already a new generation on the way. Generation Z or the “iGeneration” will be moving out and into the workforce starting in 2017. …
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