Nationwide

Tue
09
May
The Editors's picture

Former Arizona Property Management Employee Sentenced For Embezzlement

Arizona woman sentenced for embezzling from property management company

A former employee of Treehouse Realty Group, a property management firm, has been sentenced to 6 ½ years in prison for embezzling more than $50,000 from the company, according to the Arizona Attorney General.

Lynna Swann of Tempe, Arizona,  was sentenced to 6 ½ years in prison for embezzling $58,158.13 from her property management employer, according to a release from the attorney general. She was also sentenced to three years probation with white collar terms after she is released from prison.

Treehouse Realty is a property management group that receives multiple checks and money orders as payment from their clients. A company audit found that Swann, 40, was stealing those money orders and checks.

Swann used a thick sharpie to write her name on the money orders and then deposited the money orders into her account. 

 

Tue
09
May
John Triplett's picture

Why Is It So Hard To Build Affordable Housing In Portland?

Why is it so hard to build affordable housing in Portland, Oregon asks Guardian Real Estate Services president Tom Brenneke

A leader in the Portland affordable housing industry talks about why it took four years to get 40 units of affordable housing done from concept to opening.

By John Triplett

Rental Housing Journal

Tom Brenneke has a passion for building affordable housing in the community where he lives and is proud to talk about his latest 40-unit project when recently opened – a triumph of affordable housing.

“I have a particular passion for affordable housing,” said Brenneke, who is president of Guardian Real Estate Services LLC. “I enjoy the complexities,” he said in an interview with Rental Housing Journal.

Mon
08
May
The Editors's picture

Clayton Introduces Tiny Homes At Berkshire Hathaway Meeting

Tiny homes introduced by Clayton Homes at Warren Buffett's Berkshire Hathaway shareholders meeting

The growing trend of tiny homes with luxury amenities was featured by Clayton Homes new Designer Series Tiny Homes and shown during Warren Buffett’s annual Berkshire Hathaway shareholders meeting this past weekend.

“The tiny home movement is driven by people who want to downsize their living space with an efficient, stylish home design,” Jim Greer said a release. “By listening to our customers, we started to see a growing demand for minimalism, high-quality materials and increased functionality.”

Thu
04
May
The Editors's picture

Home Prices Up 7.1% In March And Strongest In The West

Home prices increased the most in the West in March 2017

Home prices jumped after strong job gains, household formation, population growth and still-attractive mortgage rates in the face of tight inventories drove the increase across the U.S. and especially in the West, according to a release from Corelogic.

Wed
03
May
The Editors's picture

Group Acquires 64-Unit Infill Apartment Complex In California

Apartment complex acquired by Bascom Group

An investment group has acquired a 64-unit infill apartment complex for $14 million in the south bay area of Torrance, California, according to a release.

The Bascom Group, LLC acquired Harvard Villa Apartments in the desirable South Bay Los Angeles city of Torrance, California at $218,750 per unit. It closed on April 27, 2017.

Tue
02
May
The Editors's picture

Multifamily Rents Up As Rate of Growth Continues to Slow

Multifamily rents up as rate of growth slows

Multifamily rents rose slightly in April, but the rate of growth slid once again and now stands below the longterm average growth rate, according to the latest report from YardiMatrix.

 Average U.S. monthly rents rose $3 to $1,314, according to Yardi Matrix’s monthly survey of 121 markets. On a year-over-year basis, rents were up 2.0% nationwide in April, down 50 basis points from March and well below the 5.5% growth rate of a year ago.

 The 2.0% year-over-year increase is the lowest it’s been since April 2011, when rents were up only 1.5%.

Tue
02
May
The Editors's picture

Student Debt's Drag On Homeownership Means More Renters

Declining homeownership means more renters

While student debt is a drag on homeownership, that may be good news for owners, landlords and property managers as more people will continue to rent.

John Burns writes in his latest email that for eight years in a row now, homeownership has fallen in the first quarter.

The Census Bureau reported last week the rate stayed statistically the same at 63.6%.  

Tue
02
May
The Editors's picture

First in Time Lawsuit: Yim et al. v. City of Seattle

Evan L. Loeffler blog on the first time lawsuit and the city of seattle and landlords

By Evan L. Loeffler

The First in Time lawsuit continues. The City of Seattle filed an answer to the plaintiffs’ complaint in early April essentially denying all relevant allegations and claiming the matter should not be litigated. 

Tue
02
May
The Editors's picture

Deceleration In Multifamily Pricing Contributes To Slower Growth In Commercial Index

Multifamily in the West commerical price index from CoStar

Multifamily was the slowest growing property type index in the first quarter of 2017, according to the CoStar Commerical Repeat Sales Indices.

The report says amid slower rent growth and heightened construction levels at the top end of the multifamily market, pricing in the Multifamily Index advanced 1.9% in the first quarter of 2017, a moderate deceleration from its quarterly average pace of 2.9% over 2015 and 2016, according to a release.

The U.S. Multifamily Index increased by 1.9% in the first quarter of 2017, the slowest rate among the major property types, although recent annual gains of 9.1% in the 12-month period ending in March 2017 are still healthy.

Tue
02
May
The Editors's picture

Effortless Ways To Earn Extra Fees: Bike Rooms And Dog Park Equipment

Bike rooms and dog park equipment can be apartment amenities that allow you to add extra fees

Sponsored Blog

Bike rooms and dog park equipment can be the type of amenities renters are looking for in apartments these days.

By Robert Caston

Renters are willing to pay extra fees for bike rooms and dog park equipment because those amenities involve their favorite possessions – bicycles and dogs.

There are some simple strategies you can use to not only attract more renters, but justify charging them for extra services.

Let’s start with bike rooms. The number of bicycle owners in the United States is at an all-time high - 62 million.

Pages

Subscribe to RSS - Nationwide