Nationwide

Fri
06
Jul
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Rents Upsurge Of 2.9 Percent Nationwide In June

Rents Upsurge Of 2.9 Percent Nationwide In June

Renters are paying an average of $40 more per month than a year ago as June rents brought an upsurge of 2.9 percent in national average rents, according to RENTCafe.com, based on Yardi Matrix data.

The national average rent reached the all-time high of $1,405.

 

Mon
02
Jul
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8 Deck Maintenance Dos And Don’ts

8 Deck Maintenance Dos And Don’ts

Tenants love decks, so the 8 deck maintenance dos and don't is the maintenance checkup from Keepe this week, and some of the don'ts may surprise you.

Decks are a unique feature that adds both value and living space to a property’s exteriors, and alongside pools and playgrounds, tops the charts as one of the most beloved amenities among tenants.

This week’s article will provide a helpful series of contractor-approved guidelines for keeping decks in top-shape as well as overviewing common mistakes that are actually damaging to a deck’s materials and structure.

Four Dos of Deck Maintenance

Here are the top 4 things you should think about when it comes to deck maintenance.

Mon
02
Jul
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Dealing With Opioid Addiction In The Workplace

Dealing With Opioid Addiction In The Workplace

Opioid addiction in the workplace is the Grace Hill training tip of the week.

By Ellen Clark

Around 70 percent of employers, including those in multifamily, have seen some impact of prescription drug use on their workforce according to the National Safety Council.

It’s an alarming trend that has touched just about every aspect of life.

From impaired job performance, work injuries, absenteeism, a decrease in productivity, medical expenses, and arrests, there are many negative side effects of opioid abuse that impact employers and employees.

Remember, if you suspect an employee or coworker has an opioid problem, don’t jump to conclusions.

Mon
02
Jul
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Prices Rising Fastest For Two-Bedroom And Three-Bedroom Apartments

Prices are rising the fastest for two-bedroom and three-bedroom apartments, according to a new rent report, and tenants should expect to see higher prices this summer than last.

Prices are rising the fastest for two-bedroom and three-bedroom apartments, according to a new rent report, and tenants should expect to see higher prices this summer than last.

Rent among two and three-bedroom homes is appreciating slightly faster than one-bedroom homes in U.S. metros with more new apartment construction, according to a release from the Zillow affiliate HotPads® Rent Reporti.

Wed
27
Jun
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HUD Warns California Landlords For Failing To Comply With Lead Regulations

HUD Warns California Landlords For Failing To Comply With Lead Regulations

The U. S. Department of Housing and Urban development has issued notices of violations against the owners of eight HUD-assisted properties throughout California for violations of HUD’s lead safety rules and regulations, according to a release.

"Landlords have a responsibility to ensure the homes they rent to their tenants are safe and healthy places to live," HUD Secretary Ben Carson said in the release.

 "These rules are designed to protect families and their young children from the preventable dangers associated with lead poisoning."

Tue
26
Jun
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Rental Housing Maintenance Company Comes To Portland

Rental Housing Maintenance Company Comes To Portland

A new rental housing maintenance company is up and running in Portland to lend an extra maintenance hand to property managers trying to keep up with tenant repair requests.

Keepe, a maintenance company which is already in Seattle, San Francisco and other markets, said they chose Portland as their next city to enter after being asked by some of their existing customers.

“What really turned us on to Portland, was having a few key players that ended up lobbying us,” Liz Koser, head of business development said in an interview with Rental Housing Journal.

“We received phone calls saying, ‘Hey you should really come to the Portland market. You're already in the Seattle, in the Bay Area, we really have a need here.’  We were told if we come to Portland, we'll have automatic customers, that we would have introductions to some of their boards, and so the lobbying effort made the difference,” Koser said.

Tue
26
Jun
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Potential Regional Multifamily Supply Overload In Key U.S. Housing Markets

Potential Regional Multifamily Supply Overload In Key U.S. Housing Markets

Outsize multifamily deliveries and development activity in some major metros could increase vacancy rates and stagnate rent growth, according to a new report by Yardi® Matrix focusing on regional multifamily supply in some key U.S. housing markets.

Yardi Matrix conducted a study to determine which areas might be at risk of oversupply or undersupply over the next five years.

The research revealed that deliveries in 2016 and 2017 helped compensate for the construction shortage in the wake of the great recession.

Mon
25
Jun
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3 Criteria That Must Be Met In Regards To Assistance Animals

3 Criteria That Must Be Met In Regards To Assistance Animals

People with disabilities are involved in the majority of housing discrimination complaints, so the Grace Hill training tip of the week goes back to some basics on assistance animals.

By Ellen Clark

As a landlord or property manager, it is important to handle assistance animal accommodation requests properly 

According to The Case for Fair Housing: 2017 Fair Housing Trends Report by the National Fair Housing Alliance, nearly 55% of all reported housing discrimination complaints in 2016 involved discrimination against people with disabilities.

 This statistic is a reminder of how important it is to handle accommodation requests properly. Let’s review some of the basics.

Mon
25
Jun
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Portland Multifamily View At Midyear 2018 And Outlook

Portland multifamily

Here is a look the Portland multifamily activity half way through 2018 and the forecast going forward.

By Greg Frick

HFO Investment Real Estate

We anticipate a lack of on-market product even though significant capital remains available for investment.

With rent growth slowing, potential changes to landlord-tenant laws at the city and state level, and recent federal tax changes—many owners are taking a wait-and-see attitude.
 

Permits and housing not meeting demand

Permits have risen steadily from a low of 1,007 units permitted in 2009 to 10,319 in 2017. Despite this, experts say housing has not accelerated enough to meet anticipated demand.

Tue
19
Jun
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4 Reasons HVAC Should Be Top Of Your Maintenance List

4 Reasons HVAC Should Be Top Of Your Maintenance List

Air conditioning, ventilation and heating issues top the maintenance list for many property managers who say it is the No. 1 issue they have to deal with. And, the No. 1 issue that leads to the most tenant complaints, so this week the maintenance checkup from Keepe takes on this issue.

Here are four reasons heating, ventilation and air conditioning (HVAC) should be at the top of your maintenance list, and five best practices to keep everything running smoothly.

Tenants react more quickly to the lack of cooling or ventilation than some other maintenance issues, so it makes sense to stay on top of this issue and avoid tenant complaints.

No. 1 – Health and legal obligations

In most states, existing laws establish that rental properties must have proper ventilation and heating. The law states the property’s owners and/or managers are in charge are responsible for guaranteeing that.

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