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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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.

Outside Services

Tue
29
Mar
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Globally Harmonized System in Apartment Maintenance

Apartment Maintenance

We have all had the letters MSDS ground into our psyche for years now, but many still don’t realize that the MSDS will no longer be around after June 15th this year.  Due to a United Nations meeting in 2012 there was a newly adopted format in which all chemical identification and labeling will now follow called “The Globally Harmonized” (GHS) system. Although the US has been at the forefront of chemical safety for the last hundred years, the rest of the world had some catching up to do.  The UN decided it was time to develop and identify one globally agreed upon format that would help consumers, and users, know exactly which chemicals they were using and consuming. They also aimed to create a level playing field for under developed nations to get up to speed quickly and encourage more global trade. 

Fri
18
Mar
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Why Buy Earthquake Insurance?

earthquake, eartthquake insurance, oregon, washington, cascadia

Why Buy Earthquake Insurance?

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

Many of our clients have asked us over the years if they should purchase earthquake insurance. This is a difficult question to answer specifically because every property is constructed differently (i.e. wood, masonry, concrete, metal) and is located on different soil(i.e. clay, rock, sand). The height of the building also makes a difference. Imagine the impact on a one story building versus a thirty story unreinforced masonry building. The age of the building, and the code requirements in every state and city, need to be taken into consideration as well.

Mon
14
Mar
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How to Increase Your Rental Property Cash Flow

51 Ways To Increase Your Rental Property Cash Flow

How to Increase Your Rental Property Cash Flow

Nobody buys a property so that they can take a loss, the goal is always to make a strong return on your investment. But sometimes real estate investors don't take full advantage of their property.

Maybe you bought in the right neighborhood, bought the right type of property for your city, and you placed a tenant quick. If so, congratulations, you've done better than most investors. But what if you could make more money every single month. What if you could make an additional 5, 20, or even 1,000 dollars month after month? Wouldn't you do it?

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