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
Fri
17
Jan
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Resolve to Recycle in 2014

New Year’s resolutions start in January and are often forgotten by February – without making a difference in our lives. But there is an easy resolution that saves you money, will make you feel good and best of all – it doesn’t involve the bathroom scale.

Recycle more “stuff.” There are recycling options – most at no cost – for many things you might consider to be garbage and for other things you are just not sure what to do with.

For instance, TVs, computers and monitors can be recycled/reused in Washington and Oregon for free whether they are working or not. Laws in both states require the manufacturers of TVs, computers and monitors to provide consumers with free and convenient recycling of these products. In Oregon it is illegal to throw them in the trash. To find free drop-off locations in your area go to:

Fri
17
Jan
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Property Insurance – The Basics on Insuring Your Property

by Leonard Baron

When you own real estate – whether an investment or a personal residence – you should procure the proper type and dollar value of insurance needed for your property. Unfortunately, many people don’t understand the basics of how insurance coverage works, and many individuals just want to spend “as little as possible” on insurance. The trouble comes about when there is an problem, like a fire, slip-n-fall, or lawsuit. If you don’t have the right type of insurance, nor enough coverage, it could end up costing you a lot of money. So let’s go over the basics herein, plus we’ll discuss renter’s insurance basics and tenant liability insurance basics too.

A standard dwelling insurance policy will cover losses on the building, separate structures, personal property, loss of use, liability, and a few other optional coverages. The one’s that are more important to focus upon are:

Thu
19
Dec
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Defining the Term “Slum Lord”

By Matt Koglmeier and Brian Sichko, Koglmeier Law Group, PLC.

Life is full of unanswered questions. A practical mystery quite worthy of your consideration is the concept of the Slum Lord. A quick search on Google using the phrase “Slum Lord” produces results that are as extensive as they are varied. Merriam-Webster defines the term “Slum Lord” as a person who owns a building with apartments that are in bad condition and rents them to poor people. Urban Dictionary.com lists a number of colloquial definitions of “Slum Lord” each more negative than the last.

Thu
19
Dec
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To Whom Shall I Rent?

By Kevin Holliday, Esq., Hull, Holliday & Holliday, PLC

Question:
According to national figures, one of every 340 adults is a registered sex offender (SO), a number sure to grow as more people move in and out of the criminal justice system. Besides federal, state, and local laws restricting where they can live, many realtors simply refuse to rent to people with such convictions. What are the legal grounds to which a realtor can deny an SO’s rental application, and what legal recourse do SOs have to prevent such discrimination?

Thu
19
Dec
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Reevaluating Rental Criteria

By Judy Drickey-Prohow, Esq.,Law Offices of Scott M. Clark, P.C.

Thu
19
Dec
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Vacancy Rates Hit 6 Year Low

Vacancy rates for apartments have fallen to a six year low of 4.7% in the greater Salt Lake area while rent growth has accelerated to a annually adjusted 3.9% according to the mid-year report from EquiMark multifamily investment services. The report is based on data provided by 60,000 rental units in the area.
According to the report, "the economic fundamentals in the Salt Lake Rental market continue to favor apartment owners. Strong job growth, increasing population, low unemployment and escalating single family housing prices have all teamed to create sustainable rent growth and the lowest vacancy rate (4.7%) since 2007."

Thu
19
Dec
admin's picture

Vacancy Rates Hit 6 Year Low

Vacancy rates for apartments have fallen to a six year low of 4.7% in the greater Salt Lake area while rent growth has accelerated to a annually adjusted 3.9% according to the mid-year report from EquiMark multifamily investment services. The report is based on data provided by 60,000 rental units in the area.
According to the report, "the economic fundamentals in the Salt Lake Rental market continue to favor apartment owners. Strong job growth, increasing population, low unemployment and escalating single family housing prices have all teamed to create sustainable rent growth and the lowest vacancy rate (4.7%) since 2007."

Thu
19
Dec
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The HOA That Had to Pay $150,000 to Settle a Discrimination Complaint

In August of 2013 a condominium association in Florida and their former management company agreed to settle a fair housing claim for $150,000. The claim arose because a family with six children alleged that they were discriminated against by the communities occupancy limits.

When the family moved into the 249 unit townhome community they were not notified of any restrictions, however after moving into the four bedroom unit they had rented they were told that there was a “problem with having eight occupants in the home” and were threatened with eviction (apparently at the time the rules said only six people could live in a four-bedroom unit, with equally restrictive rules for three and two bedroom units). Eventually, the family moved out, but the story didn’t end there.

Thu
19
Dec
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Ask The Director:

Dear Paul,
I do not allow pets at my rentals but my tenant wants a companion animal, and I only allow service animals. I do not want an apartment full of animals that will make a mess and destroy my property. How do I clarify this so my renter will leave me alone?
Vicky K.

Thu
19
Dec
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Dealing with the Media

Imagine sitting peacefully in your office when suddenly you hear a knock at the door. You open it to find bright lights in your eyes and a microphone pressed towards your face as you are confronted with hostile questions about a dispute that you’ve been having with a tenant. What was a simple matter that you thought you were handling in routine manner suddenly is sensationalized and is a major story on the 9:00 news.
It’s a nightmare you’ve hopefully never had to face, and hopefully never will. But what do you do if you are put in that situation?

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