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Tue
10
Oct
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Empty Nester Housing Key As Baby Boomers Keep Working

Empty Nester Housing Key As Baby Boomers Keep Working

Empty nester housing is a key as the surge in full-time workers over the age of 65 means that folks born in the 1950s are going to continue working well past the traditional retirement age, according to a new report from John Burns Real Estate Consulting.

“The workaholic baby boomers continue to redefine employment, even as they reach the traditional retirement age. They created the surge in dual-income families that ended in 2000, and now they are creating a surge in full-time workers over the age of 65,” write Chris Porter, Chief Demographer, and Mikaela Sharp, Research Analyst, for John Burns.

Burns calls this group born in the 1950s, and ranging in age from 58 to 67, “The Innovators” and the have delayed retirement, driven by economic necessity in the wake of the Great Recession, a desire to keep working, and a realization that they will likely live longer than any generation before them.

Mon
09
Oct
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Top 10 Hottest Hipster Markets In America

Top 10 hottest hipster markets

The top 10 “hipster” markets that draw millennials, businesses and housing demand are led by Columbus, Ohio, Seattle and San Diego, according to a release.

Also making the top 10 list in the West are San Francisco, Colorado Springs and Long Beach, California, according to a new data collaboration from Realtor.com and Yelp.

The “Hottest Hipster Markets in America” list identifies the most in-demand housing markets in the U.S. with the highest concentrations of "hipster" businesses for home buyers looking to embrace indie culture.

Mon
09
Oct
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Multifamily Housing Part Of Development Plan In Provo

Multifamily Housing Part of Freedom Plaza Development Plan In Provo

A development, including 170 units of multifamily housing, in Provo, Utah is planned for Freedom Plaza.

The development called Freedom Plaza, by PEG Development, will be located at 200 N. Freedom Blvd. in Provo and will contain not only office space and a hotel but also 170 units of multifamily housing, according to reports.

In addition to the multifamily housing, Freedom Plaza will include two six-story Class A office buildings each with about 125,350 square feet, and will be part of a 700,000-square-foot mixed-use development sitting on the 100 North and 200 North blocks.

The rest of the development will include the Hyatt Place hotel and a large 1,000 to 1,200 car parking structure.

Fri
06
Oct
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Portland City Council Extends Housing Emergency

Portland City Council extends housing emergency ordinance

The Portland City Council has extended its housing emergency declaration for another six months, including rules that require landlords to pay moving expenses of renters they evict without cause.

The policy also says landlords must pay moving costs of tenant if they raise rent more than 10 percent causing tenants to move. Payments range from $2,900 to $4,500 for landlords.

Landlords have argued the policy is disguised rent control.

Attempt to include mom and pop landlords in housing emergency ordinance

The ordinance currently exempts owners of one rental property.

The Community Alliance of Tenants argued to close the exemption for moving and relocation costs for mom and pop landlords who only rent one unit.

Fri
06
Oct
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Rents Stay Flat In Large Cities As Mid-Sized Cities See Growth

Rents Stay Flat In Large Cities As Mid-Sized Cities See Growth

Increases in national rents have flattened for the last four months and observers are witnessing the slowest annual growth rate in six years, according to a new report from Rent Café.

The rental market is cooling down, with a 2.2 percent year-over-year increase, with the national rent at $1,354 in September, according to Yardi Marix.

Prime summer season did not show growth in rents

"The housing market follows a cyclical path. The fact that the prime summer seasonality did not cause significant rental growth is the latest signal that the market may be cooling,”    Doug Ressler, senior analyst at Yardi Matrix, a sister division of RENTCafé, said in the release.

Tue
03
Oct
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​Accessory Dwelling Units Proposal Sparks Flap At Salt Lake City Council

Accessory Dwelling Units Proposal Sparks Flap At Salt Lake City Council

The Salt Lake City Council has proposed an ordinance that would allow small apartments, called accessory dwelling units, to share a lot with single-family homes.

The proposal would change the areas of the city where new units, also called mother-in-law apartments,  would be allowed. Including one option for city-wide. That is what stirred up the council recently, according to reports.

Councilman Derek Kitchen pitched a straw poll to remove geographic boundaries from the pilot program, which would be limited to 25 ADU permits per year, according to the Salt Lake Tribune.

Tue
03
Oct
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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
03
Oct
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What Renters Say: 21 Percent Have No Plans To Ever Buy

What Renters Say: 21 Percent Have No Plans To Ever Buy

Renters say the three most important factors when considering a place to live are affordability, neighborhood safety and commute, according to a new survey.

Also for those renters surveyed, rent is the single largest expense each month for 82 percent of them, according to Zumper’s 2017 survey of U.S. renters. Most also say they think they pay too much in rent.

And, one in five people (21% of those surveyed) do not plan to purchase a home in the future.

Tue
03
Oct
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4 Ways To Keep Up With Changing Compliance Laws In Rental Housing

4 Ways To Keep Up With Changing Compliance Laws In Rental Housing

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

By Ellen Clark

Ever-changing compliance news is a challenge to keep up with.

One of the trickiest things about compliance training is keeping up with changing compliance laws, rules, and regulations.

 You can create a great compliance course, assign it to your learners or set a date for training, and a month later, it needs to be updated. This can feel like an endless, overwhelming cycle.

 To help, here are some practical tips for managing the ever-changing compliance world.

No. 1:  Make a plan to keep up with changing compliance laws

In compliance training, change is a given.

Since you know it is coming, build change into your plans.

Wed
27
Sep
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RealPage To Acquire Online Leasing Platform On-Site

RealPage To Acquire Online Leasing Platform On-Site

Property management software company RealPage is acquiring the assets of On-Site Manager, a leasing platform for property managers and renters, for $250 million in cash, according to a release.

The On-Site platform  assimilates leads from any source and converts them into signed leases for both the multifamily and single-family housing industries. On-Site platform offers solutions similar to RealPage’s screening and document management business, and also includes prospect and resident portals, online and on premise leasing, payment processing, and eSignature lease execution solutions, according to the release.

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