RHJ Blog

The Rental Housing Journal blog features thought provoking information and opinions on the multifamily property management and real estate investing industries. RHJ staff editorial, multifamily executives, top real estate investors, and real world industry subject matter experts share best practices, trends and news about investing in real estate, managing apartments, being a Do-It-Yourself landlord, multifamily technology, apartment marketing, Fair Housing and landlord - tenant law, flipping houses, advancing your career in property management, how to market and sell to property managers and real estate investors, new products and services for property managers, financing investment properties, where to find good tenants, how to hire great property management employees, how to choose vendors, best practices in property maintenance and much more.

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Tue
14
Nov
The Editors's picture

How To Measure The Effectiveness Of Your Compliance Training

online compliance training important for landlords, property managers and employees

The Grace Hill training tip this week focuses on the fifth in the series on compliance training. Compliance training is important for landlords and property managers to keep up with ever-changing rental housing laws at federal, state and local levels.

 By Ellen Clark

The great hope of training is that it results in behavior changes that improve employees’ job performance and ultimately positively impact your business.

The ability of an employee to successfully apply what was learned in training to his or her job is called transfer.

 To successfully transfer lessons learned in training to an employee’s activity on the job is the ultimate goal of training.

 In this series on measuring training effectiveness we’ve looked at:

Fri
10
Nov
The Editors's picture

4 Reasons A Rental Property May Look Beat-Up

how to tell if a rental property looks beat up

Veteran investor John Wilhoit blogs this week about the four reasons a rental property may look beat-up and not be getting the attention it should from the owner.

By John Wilhoit

A rental property may look beat-up for several reasons as rental property assets can fall into disrepair in many ways and for many reasons. 

Often, just walking or driving by an asset will show signs of disrepair or a lack of care all without stepping on property!

Why do people allow potentially valuable assets left to fall back into the sand? There are a myriad of reasons, of course. 

 Following are the categories that most often result in assets looking like they have been beat with an ugly stick. The next time you see one it is probably due to one of the following factors.

No. 1 - Inattentive Ownership

 Owning real property assets is not the same as knowing how to manage real property assets.

Tue
07
Nov
The Editors's picture

Want To Know If Your Training Is Working? – Ask Your Employees

rental housing compliance training

The Grace Hill training tip this week focuses on the third in the series on compliance training. Compliance training is important for landlords and property managers to keep up with ever-changing rental housing laws at federal, state and local levels.

By Ellen Clark

Bottom line: You want to know if your training program is working. Employee feedback is one of the best ways to know what is and is not working for them.

This is the fourth post in a series about how to measure the effectiveness of your compliance training program. If you missed the previous posts they are listed at the bottom.

 Building a good compliance training evaluation plan is all about accumulating evidence to help you answer the question:

Tue
24
Oct
The Editors's picture

Ask Key Questions To Be Sure Your Employees Have Mastered Compliance

compliance training questions

The Grace Hill training tip this week focuses on the third in the series on compliance training. Compliance training is important for landlords and property managers to keep up with ever-changing rental housing laws at federal, state and local levels.

By Ellen Clark

Measuring what employees have learned and retained is key to making sure they can use their learnings as they perform the responsibilities of their job.

This is the third post in a series about how to measure the effectiveness of your compliance training program.

Here are the first two parts in case you missed them.

Is Your Property Management Compliance Training Working?

Tue
17
Oct
The Editors's picture

Why Completing All Compliance Training Is Critical To Your Protection

Compliance training is critical to your protection as an owner, landlord and property manger

The Grace Hill training tip this week focuses on the second in the series on compliance training. Compliance training is important for landlords and property managers to keep up with ever-changing rental housing laws at federal, state and local levels.

By Ellen Clark

Once I had a nagging running injury and was prescribed physical therapy.

In addition to sessions two times a week, the physical therapist gave me stretches to do daily, on my own.  Weeks went by and the injury still nagged.

Frustrated, I told the physical therapist, “This isn’t working.”

 Stretches don’t work if you are not actually doing them

She asked if I was doing the stretches every day.

Tue
10
Oct
The Editors's picture

Is Your Property Management Compliance Training Working?

http://gracehill.com/

The Grace Hill training tip this week focuses on compliance training and the importance for landlords and property managers of keeping up with ever-changing rental housing laws at federal, state and local levels.

By Ellen Clark

The holy grail of compliance training questions: Is the training working?

Being able to answer the question, “Is my compliance training program working?” requires thoughtful planning, but it doesn’t have to be complicated.

Breaking it down can help, so over the next few weeks we’ll provide a series of tips for structuring a good compliance training evaluation plan.

Measure the effectiveness of your compliance training program using these five simple steps

Tue
03
Oct
The Editors's picture

7 Things To Do The Day You Take Over An Apartment Building

7 Things To Do The Day You Take Over An Apartment Building

Investing in multifamily real estate can be very rewarding, but what happens after you actually close on the purchase and on the first day you take over an apartment building as a new owner, landlord and property manager?

Veteran real estate investor and syndicator Vinney Chopra has developed a landlord’s checklist for taking over that new apartment building asset you may have bought. He starts his checklist a week or so out from the close, and then follows up for four weeks after.

But what do you need to do the day you take over the building?

By Vinney Chopra

7 things to do the day you take over an apartment building

There are plenty of things you need to set up ahead of time. We will cover those a bit later.

 However on the day you take over, here are 7 critical things you need to have in your possession:

Tue
26
Sep
John Triplett's picture

Startup Company Tackling The Rental Property Maintenance Toothache

Startup Company Tackling The Rental Property Maintenance Toothache

A new company is tackling the rental property maintenance challenges that face many landlords and property managers every day in managing rental housing.

In an interview with Rental Housing Journal, Keepe Co-founder and CEO Rishi Mathew discussed the primary research that led him to start the company, currently operating in Seattle and Phoenix, and provided a question and answer about the company.

In doing the primary research on rental property maintenance, “We had more than 400 different conversations with property managers, contractors, consumers and tenants,” Mathew said.

Mon
11
Sep
The Editors's picture

5 Keys To Investing In Emerging Multifamily Markets

Emerging multifamily markets by Vinney Chopra

This week blogger and veteran investor, Vinney Chopra, talks about how he identifies emerging multifamily markets for his real estate investing. 

By Vinney Chopra

I think it is critical to a multifamily investor to choose the “right” multifamily apartment complex to acquire.

One of the most critical aspects of this is to find the right emerging markets. I am diligent in my exploration of opportunities in markets where jobs and local economies are expanding. I will take six months to a year to do the research to determine an emerging market.

What is one key?

I follow the jobs.

What are emerging multifamily markets?

Emerging multifamily markets are metro population centers in the U.S., and around the world, where there is a strong demand for housing. And, properties are significantly increasing in value.

In these areas, more jobs are being created and where you have more jobs, you have more people.

Mon
21
Aug
The Editors's picture

What Is A Landlord To Do Now In Seattle?

Business woman checking credit now hat is a landlord to do now in Seattle blog by David Pickron

3 Actions A Landlord Can Start In Seattle With Without Using Criminal Background Checks

What can a landlord or property manager do to protect themselves now that there is a new ordinance coming in Seattle that bars landlords from using criminal background checks in screening tenants?

The Seattle City Council has passed an ordinance 8-0 to bar landlords from using criminal records to screen tenants based on past arrests or criminal convictions, with the exception of sex offenders.

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