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Thu
21
Sep
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7 Trends Driving Job Growth, A Key To Rental Housing Needs

7 Trends Driving Job Growth, A Key To Rental Housing Needs

A new study highlights seven major trends that have influenced job growth over the years since 2010 after the recession, according to a release.

Investors, landlords and property managers all know job growth is a key to growth in rental housing and where the needs will be for rental housing. People holding these jobs will likely be your new tenants at some point now or in the future.

"At the heart of different factors shaping labor market dynamics today is this idea of constant connectivity," Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation, said in a release.

Tue
19
Sep
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Arizona Management Company Selected For Upscale Phoenix Metro Apartments

Arizona management company selected to handle three upscale Phoenix metro apartments

Mark-Taylor Residential was recently selected to manage three upscale multifamily properties in some of the most lucrative areas in metropolitan Phoenix, according to a release.

 The three communities, The Hyve in Tempe, Slate Scottsdale in North Scottsdale and The Met at Fashion Center, build on the company's growing portfolio of upscale properties.

The company manages properties in Arizona and Nevada.

The three metro-Phoenix area luxury properties include The Met above, which is next to the upscale Chandler Fashion Center.

Tue
19
Sep
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Apartment Residents Say Living In A Green Home Is Important To Them

apartment residents say living in a green apartment home is important to them

A new survey shows 84 percent of apartment residents say living in a green apartment home is important to them and 64 percent say they would pay more to live in a green home.

The survey also shows 85 percent of the apartment residents believe living in a green apartment home benefits their health, according to the AMLI sustainable living index.

The survey of more than 2,800 U.S. apartment residents is the first AMLI Sustainable Living Index survey of apartment residents on their views regarding sustainability and green living.

“This survey highlights that residents care about the environment and their health. They want homes that enable them to live a greener, healthier lifestyle,” Phil Tague, President of AMLI Residential, said in a release.

Mon
18
Sep
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Try An Overview – Such As One On Fair Housing - In Your Next Training

Try An Overview – Such As One On Fair Housing - In Your Next Training

Grace Hill training tip of the week to help landlords and property managers with online property management training information

By Ellen Clark

How often do you go on a long road trip without pulling up a navigation app on your phone?

These days, probably not often. It is uncomfortable to not know where you are going or where you are in relation to the world around you.

 Also think for a moment about what gets you in the car for that road trip. What makes you power through fatigue or bad weather? Usually, it is knowing that something important or fun is at the end of your journey.

Mon
18
Sep
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10 Rules To Successful Multifamily Syndication Investing

10 Rules To Successful Multifamily Syndication Investing

This week blogger and veteran investor, Vinney Chopra, talks about multifamily syndication investing and his 10 rules to success.

By Vinney Chopra

If you want to know what you need to start investing in successful multifamily syndications, I can help.

My wealth of knowledge and success in real estate investing for more than 40 years can help with your education in multifamily syndication investing.

10 rules to successful multifamily syndication investing

I have completed more than 25 syndications.  Here is what I practice daily that has helped lead me to success as a multifamily syndicator today:

Fri
15
Sep
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How Do Multifamily Renters And Single-Family Renters Differ?

how do multifamily renters and single-family renters differ?

Multifamily renters make less money, have fewer kids and are less likely to be married, according to new research from a real estate consulting firm.

The research into the single-family renter shows the key differences between those who rent apartments and those who rent single-family homes, according to Mikaela Sharp, Research Analyst, and Chris Porter, Chief Demographer, for John Burns Real Estate Consulting.

There are 28 million multifamily rental households in the U.S. and 16 million single-family renter households. Here is how they differ:

Tue
12
Sep
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Rent For Houses Is Rising Faster Than Apartment Rent

House rent rising faster than apartment rent

Monthly rent for houses is rising  faster than apartment rent due to the short supply of rental homes and Portland home rental rates lead U.S. metros areas, according to a new study.

Rental houses have been in high demand since the housing market crashed, but a lack of supply has made renting those homes more expensive, according to a new Zillow analysis, as the median monthly rent for single-family homes is rising faster than the median monthly rent for apartments.

While rents for both houses and apartments have slowed significantly over the past year, median rent for houses rose 1.3 percent annually to a monthly rent payment of $1,404, but median rent for apartments rose 0.5 percent, to a monthly rent payment of $1,551.

Tue
12
Sep
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Apartments.com To Acquire Multifamily Websites Of ForRent.com

CoStar Group to acquire multifamily websites of ForRent.com

The CoStar Group plans to acquire ForRent, a division of Dominion Enterprises, pursuant to a definitive agreement for $350 million in cash and $35 million in CoStar Group stock, according to a release.

ForRent's primary service is digital advertising through a network of four multifamily websites — which includes ForRent.com, AFTER55.com, CorporateHousing.com and ForRentUniversity.com. ForRent had approximately 17,000 properties advertised on its websites as of June 2017.

Through the first six months of 2017, these sites generated over 47 million visits and an average of 3.5 million unique monthly visitors. ForRent is headquartered in Norfolk, Virginia, and has 475 employees located in 38 offices around the United States.

Tue
12
Sep
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3 Low-Cost Incentives To Gain Property Management Training Completion

3 low-cost incentives to increase training completion

This week we start a regular multifamily training tip of the week from the folks at Grace Hill to help landlords and property managers with online property management training information to help increase competency and reduce operational risk.

By Ellen Clark

We all know the value of training. For companies, it can reduce risk and increase the bottom line. For employees, it provides valuable job skills and opportunities for career advancement. For customers, good employee training improves their experience and overall satisfaction.

Mon
11
Sep
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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.

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