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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John Triplett's picture

Are Urban Areas Running Out Of Millennial Renters?

Millennial renters may have reached their peak in urban centers

As apartment rents are peaking and even starting to moderate or decline in some urban areas from Seattle to Denver, and New York to Los Angeles, some experts are asking whether we may have reached “Peak Millennial” status and the number of Millennial renters will begin to decline.

These experts say the urban core renters may have reached the saturation point, and in coming years will stop growing and begin a decline. Their argument is that as Millennials age and start families, they will want to move to the suburbs for more space for housing and better schools than in the urban core.

Larry Arth's picture

5 Things Property Managers And Landlords Need To Know About Renting To Millennials

What landlords need to know about Millennial tenants photo copyright Eugenio Marongiu via Canva

Landlords, property managers and investors need to understand the Millennial tenant today and what they want in rental housing.

Veteran property manager and landlord Larry Arth talks about what he learned from his daughter and how that applies to his rental properties.

By Larry Arth

Talking with my daughter, who is a Millennial, has provided important insight to me as I have studied this group and its rental housing needs.

It has been almost a psychological journey into my daughter’s era, shedding light on many past conversations with her and her friends about their lifestyle habits.

At the time those conversations were hard to understand and relate back to my real estate business. But now, I understand the necessity of understanding their perspectives for both my real estate clients and Millennials as my base of tenants, so I set out to learn even more.

John Triplett's picture

3 Big Problems with Rent Control And A Property Management Alternative

Rent control is one of the issues protesters have pushed in Portland

The newspaper in Bend, Oregon, has a strong editorial setting out the “perils of rent control” which is being considered by some in the legislature in Oregon.Meanwhile a landlord and property management organization has proposed an alternative plan.

The editorial does a nice job setting out the 3 big problems with rent control:

John Triplett's picture

6 Reasons Why Tight-Knit Community Matters To Property Managers

why community matters in resident apartment complexes

A tight-knit resident community can make a big difference for a property manager in handling the many issues that come up in managing a community.

Last month the folks from Buildium.com did a webinar to present a guide they have put together on how to build a resident community.

By John Triplett

Rental Housing Journal

How building and nurturing a resident community culture can help owners and property managers keep tenants loyal to your properties, and help you attract tenants, is the subject of a guide by Buildium.com.

Buildium.com did a webinar last month in which Darcy Jacobson, director of content marketing and Chad Mirmelli, customer success manager, discussed how creating a community culture can be good for business.

Larry Arth's picture

Landlords Gifts For Tenants Can Create Great ROI For The Holidays

Landlords gifts for tenants can help your ROI

Landlords gifts for tenants can change the stereotype of landlords as money-hungry people who just want their hard-earned cash. Veteran landlord and investor Larry Arth shares his story on landlords gifts for tenants.

By Larry Arth

After I was married 33 years ago, my gift-giving list during the holidays grew exponentially with all the additional mother-in-law, father-in-law, brothers, sisters and even aunt and uncle in-laws. I remember after an exhausting day of shopping and purchasing the final gifts telling my wife, “Whew, glad to have that done.”

Her reply was, “What are you doing for all the tenants?”

John Triplett's picture

Landlord, property managers bullied and harassed over rent increases

Landlord and property managers have been bullied by tenant activist protesters in Portland

Tensions are rising between landlords and property managers, and tenant activists. Landlords and managers have been bullied over rent increases. And they face unpleasant demonstrations from activists as Portland struggles with a shortage of housing and rapidly rising rents.

By John Triplett

Rental Housing Journal

A Portland landlord says he and his property managers have been bullied and intimidated over rent increases after he purchased a small apartment building and had to raise existing rents to afford his new mortgage payments.

He said demonstrators have picketed his personal residence. The have placed notices on the doors of neighbors, camped overnight on his lawn, defecated on his lawn and marched into his property managers’ offices scaring the staff, according to his spokesman, John McIsaac. 

John Triplett's picture

The Housing Crisis Is A Problem The City Helped Create

A landlord's view on the Portland housing crisis

Landlord Landon Marsh provides this editorial opinion on the housing crisis and his thoughts on the recent controversy between his rental increase, his property management company and the tenant activists. See the full background and story here.

By Landon Marsh

Portland Landlord

When I read Oregon State Representative Tina Kotek’s op-ed piece, “Oregon's housing crisis too big to ignore, back in October, it stopped me in my tracks. Not because the headline or the overall sentiment was incorrect, but because she has oversimplified a complex issue with nearly Donald Trump-like rhetoric, and that’s just not fair to renters, property managers or building owners.

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.


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.

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.


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