Nationwide

Tue
23
May
Richard Montgomery's picture

Do I Have To Pay For Tenant Housing While I Fumigate Apartments?

Do I have to pay for tenant housing while I fumigate apartments?

An apartment building owner has to fumigate apartments due to termites and wants to know how to handle the issue as well as the tenants. Here are several things to consider say blogger Richard 'Monty' Montgomery.

Reader Question: I need termite fumigation. ​I own property in located in Florida, where termites are a big part of the pest population. I will be selling the five unit building soon, and four units are rented currently. Two of the four units have leases expiring in July. The property has to be tented to exterminate the little buggers. When they fumigate, the building must be empty.

Mon
22
May
The Editors's picture

Zillow Launches Instant Offer Program In Two Test Markets

Zillow launches instant offer test program

Zillow has launched a new program called instant offer that allows homeowners to get offers from real estate investors as well as local Zillow premier agents, according to a release.

Zillow says the program, which is being tested in Las Vegas and Orlando, as way for homeowners to sell their homes quickly by providing them with offers from investors and a comparative market analysis (CMA) from a local real estate agent, as an estimate for what the home might fetch on the open market. In addition to investors being required to use an agent, should a homeowner select an investor’s offer, Zillow will also offer to connect them with a local agent to represent them throughout the transaction.

Mon
22
May
The Editors's picture

5 Ways Managers Can Perk Up Employees This Summer

Managers on productivity of employees in the summer

Human resources managers report workers may feel less productive in the summer and want more flexible schedules, while fewer companies offer flexible schedules, according to a new research.

In addition to wanting more flexible schedules in the summer, employees also want the ability to leave early on Fridays, a more relaxed dress code, and events such as company picnics. However trends involving those employee desires have reversed since 2012, according to the survey from Office Team, a Robert Half company.

Now fewer companies are offering these benefits with a decline in flexibility of hours and leaving early on Fridays. Also the most common employee behavior that managers see is employees not planning well for vacations.

Fri
19
May
The Editors's picture

Why Rents Are Rising Faster In The Suburbs

Rents rising in the suburbs Zillow study says

Rents are rising in the suburbs as many renters are looking outside of city centers for more affordable housing, causing rent payments to grow faster in the suburbs than urban areas

As rents become more expensive, renters are starting to look for cheaper housing options outside downtown cores, according to a release from Zillow.

Wed
17
May
The Editors's picture

Oregon House Advances Legislation To Grow “Tiny Homes” Industry

Oregon House approves bill to set building standards for tiny homes in Oregon

The Oregon House has approved bipartisan legislation directing the Department of Consumer and Business Services (DCBS) to establish standards for building “tiny homes” in Oregon, according to a release.

HB 2737 is intended to provide tiny home manufacturers and purchasers with certainty surrounding building codes and regulations, and allow the industry to continue to grow and expand.

Tue
16
May
The Editors's picture

Soft Landing Or Bumps Ahead For Multifamily Investment?

Multifamily investment looking ahead to the next 12 to 24 months by Yardi Matrix

The economic forecast for multifamily investment for the next year or two is that it is good enough to maintain occupancy, but rents may not be what people are hoping for, according to a new report from Yardi Matrix.

Jeff Adler, vice president and general manager of Yardi Matrix, said in a webinar that, “We are coming in for a soft landing – driven by supply. While demand is good, we are in for a busy 12 to 24 months,” he said.

“Things are getting absorbed, but not at rents people were hoping for,” Adler said as multifamily supply will peak in 2017.

“In my view the macro economic conditions are good, not great, but they are pretty good,” Adler said. “And they are generating good job growth with 150,000 to 200,000 jobs per month. This is good enough to maintain occupancy - and decent - but continued deceleration of rent growth is happening.

Tue
16
May
The Editors's picture

Why Millennial Renters Are Living At Home And Where

A new study has measured the obstacles millennial renters who are currently living at home would face if they chose to move out and rent, according to apartment search company Abodo.com.

“It's our job to help people of all ages find apartments, and we know that a lot of renters are younger
 adults specifically millennials,” Sam Radbil, senior communications manager for Adobo.com said. “And with recent research showing that millennials are living at home more than ever before, we set out to uncover why this is happening, and also where this is happening most."

Tue
16
May
John Triplett's picture

Apartment Pet Amenities Draw Millennial Tenants

Pet amenities at Richman Signature Properties include dog parks like this one

Luxury style pet amenities are a new feature that apartment developers and property management companies are putting in place to draw the increasing number of younger tenants who have pets and want to rent.

By John Triplett

Rental Housing Journal

Apartment developers are creating new spaces both inside buildings and outside to build in more pet-friendly amenities and services for tenants.

In a recent interview, Kristen Gucwa, vice president of national lease-up operations at Richman Signature Properties, talked about some of the top pet amenities in their pet-friendly properties in Florida, Colorado and Texas.

Thu
11
May
The Editors's picture

Seattle Affordable Housing Complex Wins HUD Award

Seattle affordable housing plaza wins HUD award

Seattle’s Plaza Roberto Maestas, a mixed use affordable housing project, has won the 2017 U.S. Department of Housing and Urban Development (HUD) and the American Institute of Architects (AIA) Creating Community Connection Award award, according to a release.

The award recognizes projects that incorporate housing within other community amenities for the purpose of either revitalization or planned growth.

Plaza Roberto Maestas is a landmark equitable transit-oriented development project in Seattle's Beacon Hill neighborhood, according to the release.

The project incorporates the community's vision into a new mixed-use development in a rapidly gentrifying neighborhood.

Thu
11
May
The Editors's picture

Technology Disruptors Speed Up Home Selling Time

Technology advances have changed the time it takes to sell a home and sales can now be done much more quickly than in past years, according to new research from John Burns Real Estate Consulting.

Technology has permanently taken two months off the time required to sell a home,” Rick Palacios Jr, Director of Research for the consulting firm writes.

New real estate technology empowers:

  • A new group of highly informed, quick-close, all-cash buyers
  • Very informed homeowners who are increasingly choosing to rent the house rather than sell it, or to sell the home themselves to an all-cash buyer

Traditional first-time and move-up home buyers have a competitive disadvantage in this new market, Palacios says.

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