Nationwide

Tue
26
Sep
John Triplett's picture

Startup Company Tackling The Rental Property Maintenance Toothache

Startup Company Tackling The Rental Property Maintenance Toothache

A new company is tackling the rental property maintenance challenges that face many landlords and property managers every day in managing rental housing.

In an interview with Rental Housing Journal, Keepe Co-founder and CEO Rishi Mathew discussed the primary research that led him to start the company, currently operating in Seattle and Phoenix, and provided a question and answer about the company.

In doing the primary research on rental property maintenance, “We had more than 400 different conversations with property managers, contractors, consumers and tenants,” Mathew said.

Tue
26
Sep
The Editors's picture

Seattle Area Landlords To Pay $95,000 To Settle Discrimination Complaint

Seattle Area Landlords To Pay $95,000 To Settle Discrimination Complaint

The owners and manager of three Edmonds, Washington, apartment buildings north of Seattle have reached a settlement with the U.S. Department of Justice to resolve a lawsuit filed earlier this year following a discrimination complaint..

The lawsuit alleged that those landlords refused to rent their apartments to families with children, in violation of the Fair Housing Act, according to a release.

The landlords will pay $95,000 in damages and civil penalties to settle the discrimination complaint, according to the release.

Tue
26
Sep
The Editors's picture

Final Defendant Sentenced In Tacoma In Long Running Mortgage Fraud Case

Final Defendant Sentenced In Tacoma In Long Running Mortgage Fraud Case

The final defendant in a long running investigation of mortgage fraud at Pierce Commercial Bank, going back to the financial crisis of 2008, has been sentenced in U.S. District Court in Tacoma, according to a release from U.S. Attorney Annette L. Hayes for the Western District of Washington.

During the period of the investigation, 15 defendants ranging from vice president to loan officers were sentenced for fraud that resulted in the bank collapse.

 “Those whose crimes deepened the damage from the 2008 financial crisis deserve to be punished

U.S. Attorney Annette L. Hayes for the Western District of Washington

Tue
26
Sep
The Editors's picture

Company To Acquire Student Complexes In Oregon, Seattle And Arizona For $590 Million

Company To Acquire Student Complexes In Oregon, Seattle And Arizona For $590 Million

A student housing owner, manager and developer has entered into an agreement to recapitalize and ultimately acquire seven select student complexes including those in Oregon, Seattle and Arizona according to a release.

The portfolio investment focuses on strategic growth in seven key Power-5 conference and state flagship university markets, and includes 3,776 beds.

The $590 million transaction by American Campus Communities, Inc, from affiliates of Core Spaces and DRW Real Estate Investments, includes the acquisition of two existing student complexes, two communities opening in fall 2017, and three projects under-construction scheduled for completion in fall 2018, with closing and funding events scheduled to occur in a staged manner over approximately two years, allowing for optimal integration and funding.

Tue
26
Sep
The Editors's picture

Segmented Training Fits Better In A Busy Multifamily Professional’s Day

Segmented Training Fits Better In A Busy Multifamily Professional’s Day

The Grace Hill training tip of the week to help owners, landlords and property managers with online property management training information. Let’s break it down.

 By Ellen Clark

Think for a moment about all the ways you break things down to make them more manageable, or even possible.

So what is segmenting information and how does it work?

  • You don’t tackle a major project in a single day. Instead, you break it down into a project plan with weekly tasks.
  • You don’t save for retirement all in one year. Rather, you set aside money over time.
  •  You don’t eat a bar of fancy chocolate in one bite. Instead, you use the handy pre-cut squares to savor it piece-by-piece.

Segmenting information in order to process it better and recall it more easily is similar.

Mon
25
Sep
The Editors's picture

Tight Apartment Supply Keeps Tucson Apartment Market Hot

Tight market keeps Tucson apartment market hot for investors

Higher paying jobs and an influx of multifamily capital from Portland, Denver, Los Angeles, Phoenix and Canada is driving up prices in the Tucson apartment market in Arizona, according to Picor.

Investors, syndication groups, private equity groups and others  are selling their real estate in their respective cities and moving capital to the Tucson apartment market. These groups are attracted to the favorable cap rates and still favorable interest rates.

 About 90% of all apartment investors considering apartment investments in Tucson are from outside of Arizona.

Thu
21
Sep
The Editors's picture

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
The Editors's picture

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
The Editors's picture

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
The Editors's picture

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.

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