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
Tue
18
Oct
The Editors's picture

Renters Reach Out To Five Or More Landlords In Search For New Place

51% of renters look for multifamily

Eight out of 10 renters use online resources in their search, and most reach out to at least five landlords or property managers in the process of searching for their new place, according to a new report on home buying and renting from Zillow.

The typical renter contacts five property managers or landlords, takes three home tours and submits three applications for a rental.

Nearly half of all renters consider living in a single-family home, but less than one-third actually do, a factor that may contribute to renters’ interest in homeownership, the report says.

While single-family homes are considered by about half, fewer than three in 10 end up in this type of home. More than half of all tenants live in multiunit dwellings with fewer than 50 residences, a housing category which includes smaller apartment buildings, townhouses, condominiums or a unit within a duplex/triplex property.

Fri
07
Oct
The Editors's picture

Dear Maintenance Men: Do's, Dont's, Droughts and Doors

Dear Maintenance Men: Do's, Dont's, Droughts and Doors

Dear Maintenance Men: Do's, Dont's, Droughts and Doors

Dear Maintenance Men:

When is the best time to do an annual roof inspection? Can you give me some pointers as what to look for when I inspect the roof? 

Tom

Dear Tom:

Fri
07
Oct
The Editors's picture

ADA Compliance Tips In Fewer Than A Thousand Words

ADA Compliance Tips In Fewer Than A Thousand Words

By Paul A. Henderson, Esq. | Law Offices of Scott M. Clark, P.C. 

With the plethora of lawsuits being filed over alleged non-compliance with the Americans with Disabilities Act ("ADA") by a drive-by plaintiff, and our own Christopher Walker having his pithy correspondence to the attorney filing those lawsuits being included as an exhibit to the Attorney General's Office's efforts to intervene in those lawsuits, the ADA is a hot-button topic right now.

 Compliance with the ADA is no trivial matter, and thousands of pages can be devoted to describing the minute detail involved in construction, compliance, and litigation over the ADA.  Despite the ADA being a weighty topic, there are some brief points to address that should avoid some of the most common pitfalls facing owners and operators of residential rental properties.

Parking Spaces

Fri
07
Oct
The Editors's picture

Preparing Your Furnace For Winter

Preparing Your Furnace For Winter

Preparing Your Furnace For Winter

The weather is getting colder and colder out there. It’s time to break out the warmer jackets and turn on the heat. But before you turn on your heater, winterizing your investment properties (especially the HVAC system) should be at the top of your to-do list. Your tenants will rely on the heater throughout the cold months of winter, so it’s important to prepare the system for the upcoming winter days. Here are some helpful tips on how to get it ready.

Tip #1: Clean and replace filters.

Fri
07
Oct
The Editors's picture

Rent Checks

Rent Checks

Rent Checks

To Have and to Hold, For Better Or Worse Is Challenge Facing Landlords

Landlord and tenant lease relationships are sometimes like marriages: most are good, but some turn out bad.

Oftentimes a landlord has a situation where a tenant delivers a rent check, but it is not enough to cover all current charges.  Does the landlord cash, return or hold it pending court action?

If the landlord takes the check with the improper amount, issues a rent receipt and cashes the check, that amount is all the landlord may receive for that rental period.  A.R.S. Sec 33-1371 precludes a landlord from pursuing the tenant for the remaining balance unless there is a non-waiver partial payment agreement.

The other options are holding the check or returning it.

Tue
04
Oct
John Triplett's picture

5 Key Research Findings About Tenants And Rentals

5 key research findings about tenants and rentals

And 6 Things Tenants Would Pay More For

As property managers and owners you want to know what keeps tenants happy.

And what keeps them around and also what can set you apart from the competition.

This report will help you in your rental housing business.

By John Triplett

Rental Housing Journal

A new survey designed to help property managers and owners gain insight into what tenants care about the most in their apartments shows insight on:

Fri
16
Sep
The Editors's picture

Dupre & Scott Video Report: Waiting for the Interurban

Waiting for the Interurban

Dupre & Scott Video Report: Waiting for the Interurban

In last week's video we talked about all the new apartment units developers are planning to open over the next few years in the Puget Sound region. We presented preliminary results from our fall research. But it added up to a lot of new units, and we expect thozse numbers to help pretty well when we finalize our development forecast at the end of the month. So, given all that new supply likely to hit the market, it seems appropriate to look at some demand trends, which we'll do in today's video. And in a few weeks we will update our forecast to find out if supply and demand are likely to be in balance.

Fri
09
Sep
The Editors's picture

Dupre & Scott Video Report: Development Update

Dupre & Scott Video Report: Development Update

Development Update

Developers plan to open 36,500 market rate apartment units in King, Pierce, and Snohomish counties between the beginning of this year and mid-2018. Last September we expected they would open 37,700 units in that period. Close enough. It looks like not much has changed, but don't jump to conclusions just yet. Take a couple of minutes to watch the video. This is preliminary data but we think the final results we will publish in a few weeks will be close to the trends we'll discuss today.

Tue
06
Sep
The Editors's picture

Rents Rising Fastest Among Low-End Apartments

rents rising fastest among low cost apartments

Median rents are rising faster for the least expensive multifamily rental homes.

According to a Zillow study, only a small portion of all new apartments are at the low end.

Instead, most new apartment construction is at the top of the market, where luxury units command top prices from wealthy renters. This leaves a shortage of rental housing for those who cannot afford the top rents.

 Zillow analyzed median rents in 15 major housing markets across the country and found that median rent for the least expensive third of apartments was outpacing the overall rental market.

 

Rents adjusted for inflation are 64 percent more expensive today than in 1960

Others reporting this same trend include:

Tue
23
Aug
Will Johnson's picture

5 Traits of Great Leaders

Great Leadership Traits

Business Leadership Traits

Vision – Great leaders have vision. This doesn’t necessarily mean they must be visionary in a sense that they are the creative driving force of an organization, although many great leaders possess that trait. Rather, great leaders have a keen eye for opportunity and talent. They can see business opportunities and paradigm shifts that might not be obvious to most people, and they have a gift for spotting talent in the people around them. A truly great leader values relationships and will see ways to leverage them in mutually beneficial ways.

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