Management & Maintenance

This department of Rental Housing Journal is your source for property management and maintenance information. Whether you're an independent landlord, portfolio manager, on-site community manager, leasing agent or apartment maintenance professional, the site is dedicated to bringing tips, best practices and information to help make your job easier and keep you up to date and educated.

property management apartment maintenance
Thu
21
Apr
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How Wireless Security is Transforming the Real Estate Industry

simplisafe wireless security

How Wireless Security is Transforming the Real Estate Industry

The real estate industry has long been faced with a problem: “You can’t be everywhere at once.” It feels impossible to monitor your property and staff, without forgoing your other tasks. But now, with new wireless technology there is finally a solution. A professionally monitored wireless security system gives real estate professionals essential insights into their units. More and more real estate professionals are using wireless alarm systems, to protect vacant homes, keep an eye on their staff, prevent water damage and provide extra value to their tenants.

Keep an Eye on Vacant Properties:

Thu
21
Apr
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Common Tenant Complaints and How to Handle Them

Common tenant complaints

Common Tenant Complaints and How to Handle Them

Being a landlord inevitably includes dealing with tenant complaints. Managing those complaints promptly and effectively is essential for your relationships with the tenants, the security of your property and last but not least – for your landlord’s reputation. If you approach the problems in a professional manner, you are definitely going to lessen the chance of some legal issues as well. 

Here are the 4 most common tenant complaints and a few useful tips on how to deal with them. Some of them can occur during the tenancy period, but others you can easily foresee and handle in advance.

The property is not clean enough

Thu
21
Apr
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Dear Maintenance Men – Maintenance Tools & City Inspections

Construction Tools

Dear Maintenance Men

Maintenance Tools & City Inspections

Dear Maintenance Men:

I am going to university and want to use my DYI skills to supplement my income.  Being that I live in a college town, there are a lot of rentals aimed at students.  Since students are sometimes hard on their living quarters and move a lot, I figured there might be a maintenance market for repairs and making rooms and rental units rent ready.  I don’t have a lot of money to invest in tools and want your recommendation for the minimum I might need tool wise to get started?

Bryan

Dear Bryan:

Thu
21
Apr
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A Majority of Washington Landlord and Owners Have A No-Smoking Policy at One of Their Properties

No Smoking Policies

A Majority of Washington Landlord and Owners Have A No-Smoking Policy at One of Their Properties

Statewide survey reveals that cost savings, tenant health are landlords’ top reasons to go smoke-free

Frances Limtiaco, Washington State Department of Health

More and more landlords are going smoke-free in Washington state. A recent survey of landlords and owners of multi-unit properties across the state revealed that 75 percent have adopted a no-smoking policy at one or more of their properties and 62 percent report having a no-smoking policy at 100 percent of their properties. The chief reasons why landlords adopt no-smoking policies are because it’s better for their bottom line and it protects tenant health.

Landlords’ top benefits for going smoke-free:

Fri
08
Apr
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Window Film – How its proper use can help you make money

window film, apartment update

Window Film

How its proper use can help you make money

By Cliff Hockley, President, Bluestone & Hockley Real Estate Services

It’s somewhat of a secret that window film has more than one application. If used correctly and installed by a professional, window film can deliver huge savings to building owners, especially in warmer climates.

Fri
08
Apr
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Are You Investing in Real Estate to Go Green or to Make Green?

Are You Investing in Real Estate to Go Green or to Make Green?

Are You Investing in Real Estate to Go Green or to Make Green?

There are countless ways to make your rental properties more energy efficient. High efficiency appliances, high efficiency heating and cooling systems, solar, the list goes on and on. Most of you probably did not purchase investment real estate with the intent of saving the planet. One big question that you need to ask yourself when making your property greener is “How is this going to make me more green ($)?” Any money that is spent improving your property should increase the overall value or lower your monthly expenses or both.

Fri
08
Apr
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Attract Tenants with Simple Eco-Friendly Upgrades

apartment upgrades, eco-friendly apartment, attracting new tenants

Attract Tenants with Simple Eco-Friendly Upgrades

By Scott Matthews, Director, Strategic Accounts, The Home Depot

The multifamily housing industry is expected by many to continue growing throughout the year, which means strategic upgrades to your property can help prepare you for increased demand and set you apart from competitors.

Approximately 65 percent of renters consider energy-efficient features when deciding what apartments to rent, according to The Center for Climate and Energy Solutions. These upgrades will also cut operational costs associated with water usage, heating, cooling and other energy, helping both you and your residents save money.

Consider these simple, eco-friendly upgrades before the summer season begins.

Save Energy

Fri
08
Apr
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Dupre & Scott Video Report: More Is More

Puget sound population increase, puget sound, migration

We have talked a lot about migration n trends into the Puget Sound region. This week we’ll take a look at how four counties have fared over the past three years in attracting these new residents.

Mon
04
Apr
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5 Reasons Why A Multifamily Property Management Career is Awesome!

a multifamily property management career

Most everyone I know has a similar story of how they got into a multifamily property management career.  Either they were recruited into a multifamily property management career after their primary job plans fell through, or they had a friend of a friend that already worked in the industry and they wanted to try it out. My question is, how do we turn this from a fallback option to the option that people choose fresh from high school?

5 reasons to pursue a multifamily property management career

After having worked in staffing for multifamily and onsite for multiple years, I have begun to come up with a list of all the amazing things that you can expect when working for the industry that I so strongly believe in.

Tue
29
Mar
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Increasing Your Property's Bottom Line

rental property bottom line

Owning and managing multifamily properties has its challenges. Two of the most important - keeping residents happy, so they keep paying rent (aka - your direct revenue stream and job security), and simultaneously pleasing the property owner (which almost always results in what shows up on the bottom line each month and at the end of the year). In this article, we won't be covering resident relations, but will be focusing on shining in the owner's eyes and increasing your property's bottom line. Whether you work for the owner or are the owner, consider these tips to decreasing expenses and increasing rental revenue - resulting in a healthier NOI come year end.

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