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
19
Aug
The Editors's picture

Dupre & Scott Video Report: Comparing Submarket Price Performance

Dupre & Scott Video Report: Comparing Submarket Price Performance

Comparing Submarket Price Performance

Looking at apartment price trends for the Puget Sound region overall is useful. But prices vary in the various major submarkets and they probably perform differently over time, making some submarkets more attractive for investors. Or do they? To answer that question let's take a look at quarterly price trends and how investments have performed since 2000 in each of these submarkets: Seattle, the Eastside, South King County, Pierce County, and Snohomish County.

Mon
15
Aug
John Triplett's picture

The Scoop On How Pet DNA Testing Fixes Your Apartment Poop Problem

How pet DNA testing can solve your apartment's dog waste poop problem

Pets are a way of life in rental housing and if you want your rentals fully leased, pet owners are a key tenant demographic you want to keep.

Look just at Millennials: 76 percent  are pet owners and a majority are renters.

You might have laughed at first at this headline on how pet DNA testing could fix your apartment property’s pet poop problem.

But here is the reality.

Mon
08
Aug
admin's picture

Dupre & Scott Video Report: Apartment Sales Update

Dupre & Scott Video Report: Apartment Sales Update

Apartment Sales Update

We often look at annual and quarterly apartment sales trends. That’s useful, but these longer term trends can mask a change in the market's direction. Monthly trends have their own problems, but they can help us see if a trend is continuing, flattened out, or if it has reversed. So let’s take a look at some monthly sales trends for 5-unit and larger apartments in King, Pierce, and Snohomish counties.

Mon
01
Aug

What safeguards do you tie to your lease offers?

what safeguards do you tie to your lease offers?

There are reasons why you do not want to move in everyone who applies, obviously, but what safeguards are you putting in place with your lease offers? Read what an expert with 25+ years in marketing communications experience with Fortune 500 and entrepreneurial companies has to say about this topic.  

By Ellen Calmas

It’s pretty obvious that occupancy drives revenue, and leasing (among other things) drives occupancy.

What’s less obvious is that there are times it makes more sense to let a prospective lease walk away.

Property owners and managers spend millions of dollars annually screening prospective residents to gain better insights into their ability to afford, retain and adhere to the specifications of a lease.

Fri
29
Jul
The Editors's picture

Why Rental Housing Professionals Should Think About HR

Why rental housing professionals need to consider human resources

With the minute-to-minute demands of managing and servicing rental properties, who has time for HR? Best hiring and retention practices can take a back seat to maintenance repairs, rent collection, showings and listings, right?

It’s true that HR usually can’t compete with maintenance emergencies and other such urgent matters, but it needs to be part of the regular routine. HR done well gives employers the tools to create a great workplace and to ensure compliance with employee-related laws and regulations. It sets and maintains a solid, stable foundation. Ignoring HR—or doing it poorly—is like building on unstable land: the foundation will eventually crack and, in a crisis, the structure will collapse. Bad HR is bad for business.

 

Wed
27
Jul
The Editors's picture

You May Want to Rethink That Lease Renewal if You are Planning to Sell Your Small Plex

You May Want to Rethink That Lease Renewal if You are Planning to Sell Your Small Plex - photocredit: pressfoto freepik.com

You May Want to Rethink That Lease Renewal if You are Planning to Sell Your Small Plex

If you haven’t raised your rents already, I’m sure the rent increase notices are in the mail. I’m also sure that some of you have tenants that you can’t wait for their leases to end so you can move their rents up to market levels. However, before you sign any new lease agreements you need to make sure you are not planning on selling first. Rising rents have caused small plex (2-4 units) property values to increase significantly over the past several months prompting many owners to sell and exchange into larger multifamily properties or different asset classes. If you are considering a disposition, here are a couple things you need to be aware of:

Tue
26
Jul
The Editors's picture

Dear Maintenance Men - Mold, Flush Valve Seats, Heating and Air Conditioning Preventative Maintenance

 Mold, Flush Valve Seats, Heating and Air Conditioning Preventative Maintenance

Dear Maintenance Men

Mold, Flush Valve Seats, Heating and Air Conditioning Preventative Maintenance

By Jerry L’Ecuyer & Frank Alvarez

Dear Maintenance Men:

I have noticed the base molding in the living room and leading into the kitchen is starting to come off the wall. The corners are splitting and it is starting to look very rough.  What do you think is causing this?  I don’t see any water anywhere.  

Randy

Dear Randy:

Tue
26
Jul
admin's picture

Make Your Units Spacious and Cohesive With New Flooring

Make Your Units Spacious and Cohesive With New Flooring

Make Your Units Spacious and Cohesive With New Flooring

By Mark Voykovic, Division Merchandise Manager, Flooring, The Home Depot

As the apartment industry continues to see growth, tenants are looking for the best amenities and value in properties, putting pressure on property managers to keep units looking modern. Flooring is often crucial to impressing potential tenants. New technology in vinyl, laminate, tile and wood offers more options for property managers, often at affordable costs, allowing you to generate a great return on investment. 

Vinyl

Fri
15
Jul
The Editors's picture

Dupre & Scott Video Report: Brexit = Brenter?

Brexit = Brenter?

Eighty percent more people moved into Washington State from England last month compared to three months ago. But more important than that, people are moving here from all around the country and the world. And we have seen significant increases over the past few years. The question is, will that keep up or is migration slowing? Let’s take a look.

Mon
11
Jul
Kristin Flores's picture

Is Airbnb Good, Or Is It Bad, For Rental Housing?

Airbnb and the rental housing industry - is it good or bad?

Summary: The Airbnb lawsuit against the city of San Francisco is again focusing the debate on what is good, or bad, for the rental housing industry and the impact on the lack of affordable housing in many large cities.

By Kristin Flores

Airbnb has sued the City of San Francisco in federal court over the city’s new rules requiring registration of rentals and threats to fine the company for unregistered apartment rentals.

 San Francisco has blamed the company for depleting the supply of rental housing. And the city is trying to restrict the company’s growth.

Numerous regulatory efforts against the company show that what appears to be an easy-to-do business model can become a disorganized mess when it meets real-world markets and existing rules and attempts to change them.

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