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.

real estate investing property management blog
Wed
30
Nov
Kristin Flores's picture

5 Things To Consider Before Moving Into A Tiny Home

tiny home may be one answer to high rents

A tiny home can be something to consider with rents going up and up in some parts of the country.

If you are thinking about a tiny home, here are a few thoughts to consider.

By Kristin Flores

With the rise in popularity of tiny homes and the current odd goings on in the world, my fellow millennial buddies and I have been chatting about packing up, moving out and building our own tiny home commune.

Upon initial research, this fantasy of ours didn’t seem so outlandish. Affordability of custom construction/limiting our debt amount, ability to relocate at any moment’s notice and minimizing our environmental footprint; all of these sounds like it’s right up our alley!

But the deeper I’ve dug, the more I’ve uncovered a number of subtle nuances that comes with transitioning into a tiny home.

Mon
28
Nov

Why Property Managers Are Skeptical When Tenants Decline Lease Offers

Property managers should be skeptical of tenants who decline conditional lease offers

Property managers want tenants who will be excited about their lease offers.

When you decide to extend a lease with a conditional offer, and the tenant declines, then what?

What do you think that means? Blogger Ellen Calmas has some ideas to share.

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.

Screening results in a rejection, an acceptance without conditions, a conditional lease offer, or a lease offer with mandatory requirements.

Tue
15
Nov
Larry Arth's picture

7 Things To Check Before You Raise Rent

7 things to check before you raise rent

When to raise rent is a question many landlords ask themselves. Sometimes it comes up when a tenant leaves. Other times it comes up when a landlord gets an increase in taxes or insurance. Veteran investor and landlord Larry Arth takes on the issue here:

By Larry Arth

Rents have been increasing and it is a great time to be a landlord. In fact, landlords have been enjoying some of the fastest growth in rental rates in recent history. But you want to be aware there is a cap to that growth and we have begun to see this in some markets already.

Rental demand has continued to remain very strong, which allows landlords to be bullish on rental rates.

The questions investors are now asking about rents are:

  • “How high can they go?”
  • “For how long can we raise the rates?”

Great questions, and one needs to look deeper at the market in which you are investing to find the answers.

Tue
01
Nov

3 Safeguards For The Growing Tide of Roommate Renters

3 safeguards to consider for renters who are roommates

Renters who are strangers and yet will be roommates can present a challenge for leasing apartments.

Here are 3 safeguards to consider when renting to these types of occupants.

By Ellen Calmas

While individual renter households represent the highest volume growth since 2007, non-family roommate renter households have grown at almost twice the pace, or 2.9 percent over the same period, according to recent Axiometrics data.

 That’s an increase of 20.7 million “non-family” households consisting of either one person or two or more roommates, representing growth of 330,000 people per year sharing apartment homes – and potentially a lot of hassle for communities that don’t have clear policies in place.

Mon
24
Oct
John Triplett's picture

7 Questions Landlords Have About Pets and Pet-Friendly Apartments

Pet-friendly apartments and a question and answer guide for landlords

A Guide For Landlords

Summary: With 72 percent of all renters now having pets, the trend toward pet ownership is only going to grow. Owners, landlords and property managers may want to consider whether pet-friendly apartments and a welcoming pet policy may be the best way to deal with the issues. Here is a guide to the issues and comments from apartment owners, property managers and The Humane Society of the United States

By John Triplett

Rental Housing Journal

One landlord said in a recent interview that the companion pet issue in particular is one where he just does not know where to go to get the right answers.

He said he understands service animals, but when it comes to things like assistance animals, companion pets and emotional support animals, he is confused by the terms.

And he said it seems like today tenants “can get a note from anyone” and “I have to accept their pet.”

Fri
14
Oct
The Editors's picture

Is My Uber Driver Holding Back the Housing Market?

what my Uber driver taught me about housing

John Burns in his real estate consulting business helps housing executives keep up with where the market is headed. He writes frequently that the definitions of Millennials, Gen X and Baby Boomers are frequently too broad in how to understand and target these groups.

By John Burns, CEO and Mikaela Sharp, Research Analyst

Why are so many young adults today willing to make perhaps the biggest commitment of all—having a child together—before getting married? Does this recent societal shift tell us anything about young adults’ willingness to commit to a 30-year mortgage?

I recently had a conversation with an Uber driver who shed light on the younger generation’s choices.

Tue
11
Oct
The Editors's picture

5 Things to Know About Online Real Estate Investing

Sponsored Blog Post

By Tracy Elsen

Just a few years ago, investing in real estate usually meant either buying a physical property or buying shares in a Real Estate Investment Trust (REIT). That has all changed with the creation of online real estate investing and crowdfunding options. These technology-enabled online platforms allow investors to access a wide variety of deals that require minimal management when compared to traditional investment properties.

If you’re considering trying out any of these options, there are few things to think about before getting started:

Mon
10
Oct

3 Things Possum Has Done To Local Apartment Search

what the possum update in google means for apartment search

Possum Is About Local Search Rankings In Google

By Jake Meador

Rentpingmedia.com

Last month Google rolled out an update that affects how they rank local businesses for users looking for local goods and services.

The update is being called “Possum” by search marketers.

Briefly, Possum seems to have done three main things:

Thu
06
Oct
Matt Easton's picture

San Francisco Rent War Means SEO Is Key To Big Money Renters

search engine optimization key to big money renters

Search engine optimization can improve an apartment community's website visibility with potential renters when they search online.

By Matt Easton

MultiFamily Traffic

Portfolio managers who love revenue and rent increases are using Google search to win the war for the most profitable renters.

Let’s take the Bay Area for example, easily one of the hottest markets in the United States.

In 2015, San Francisco experienced double-digit increases in apartment rents with occupancy rates unaffected by skyrocketing increases. This year has been a bit of a different story. Although rent increases are still at a more than acceptable 3.7% for most of the Bay Area. It’s a far cry from the boom of 2015.

Mon
03
Oct
John Triplett's picture

4 Reasons Building New Homes For Rent Could Work

New homes to rent in Lennar community Frontera in Nevada

Building new homes for rent is going on in several selected locations around the county. In fact some communities of new homes for rent are starting to look more like an apartment complex based on a multifamily model but with single-family homes. How well this is going to work for the real estate investor depends on a number of factors, John Burns, CEO of Real Estate Consulting, writes. He cautions that build-to-rent could work in some areas but not everywhere.

By John Triplett

Rental Housing Journal

Building single-family rental home neighborhoods seems like a great idea, until you run the math, John Burns writes in a recent report.

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