2010 could very well end up being a big "reassessment" year for multi-family, where every established practice gets analyzed to find out whether it really is achieving the goals we want to achieve! This is one expensive piece of paper you cannot afford to ignore.

A severe shortage of apartments is likely to result from the anemic pace of multi-family rental property construction, according to industry experts speaking at a press conference at the National Association of Home Builders' International Builders' Show® in Las Vegas.

Apartment vacancies hit a 30-year high in the fourth quarter, and rents fell as landlords scrambled to retain existing tenants and attract new ones.

As we wrap up 2009, the Nevada economy continues to struggle. Employment has fallen by 6.1% from November 2008. Unemployment declined modestly from 12.6% in October to 11.8% in November. Unfortunately, this is not an indication of economic recovery. Rather, the drop is primarily a result of declining labor force as discouraged workers leave the labor force and people's unemployment benefits run out.

Safety has always been a top concern for renters and they're willing to pay more for security, even in tough economic times.