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Tue
28
Nov
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Portland Landlord Facing Re-election And Tenant Uprising

Portland Landlord Facing Reelection And Tenant Uprising

Long-time Portland state Senator Rod Monroe is both a politician and a landlord, and lately those two jobs have found him in the middle of conflict.

First, Monroe (D-East Portland) has drawn a Democratic Party challenger from the left over his position on the rent control bill, HB 2004. Former state representative Shemia Fagan said Monroe’s refusal to back the bill shows he has been "incredibly tone-deaf" on housing issues and said the district needs a "more responsive" senator, according to a story in Oregonlive.com.

HB 2004 passed the house, but failed in the Senate. It would have lifted Oregon's statewide ban on rent control and restricted landlords who wish to evict tenants without cause.

Tue
28
Nov
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Do You Give Feedback People Can Actually Learn From?

Do You Give Feedback People Can Actually Learn From?

The Grace Hill training tip of the week focuses on providing feedback that is useful to your tenants, leasing agents and property managers.

By Ellen Clark

Did you ever have a teacher who marked up your essays with feedback like, “unclear”, “poor word choice” or “watch your sentence structure”?

If so, you might remember feeling a bit helpless, wondering what the comments meant and what to do with them.

Comments like these may have given you some information about your performance, but did they really help you become a better writer?

 When we are learning new things, it is important to get timely information about what we are doing right or wrong and why, along with information about how to improve. This is called feedback, and it is a critical component of improving learner performance.

Tue
28
Nov
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How To Raise Money For Multifamily Property Investing

How To Raise Money For Multifamily Property Investing

Multifamily property investing requires raising money because it typically involves acquiring apartments that cost more than a single-family homes you buy for real estate investment. Veteran multifamily investor Vinney Chopra has some ideas for you to think about to raise money for multifamily investing.

By Vinney Chopra

I love multifamily property investing and I love to help others who would like to learn how to invest in this area that I have been enjoying success in for more than 20 years.

Multifamily property investing provides nice, steady cash flow and checks every quarter to investors in many cases.

Many of my students ask how to get started in multifamily property investing and how do I raise money for it?

Tue
28
Nov
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Which Rental Property Flooring Is Right For Your Tenants?

Which Rental Property Flooring Is Right For Your Tenants?

Which type of rental property flooring is right for you and your tenants to both help with maintenance and be attractive to get new tenants? The maintenance checkup this week provided by Keepe focuses on flooring to be sure you are your protecting your investment and income as well as keeping your tenants happy..

Flooring is the first thing that rental applicants see during a showing of a rental property so which rental property flooring is right?

Flooring choice for rental properties is the equivalent of curbside appeal for homeowners.

Renters are motivated by different attributes than homeowners, so luxury or cost are not the only attributes to consider when making a choice of flooring. It is also important to consider which segment of the rental market the property at hand is targeting.

Mon
27
Nov
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Real Estate Investment Company Acquires Issaquah Apartments For $135 Million

Real Estate Investment Company Acquires Issaquah  Apartments For $135 Million

A global real estate investment company has acquired Atlas, a wholly-owned 343-unit apartment community in Issaquah, Washington, for $135 million, according to a release.

Kennedy Wilson (NYSE:KW) (“KW”)   KW invested $52 million of equity, and secured a 10-year interest only loan for $84 million at a fixed-rate of 3.86%. The purchase reflects KW’s continued confidence in the Washington market, where the multifamily group’s portfolio has grown to over 10,000 units, according to a release.

Atlas was one of four properties acquired through a 1031 exchange with proceeds generated from the recent sale of Summer House, a wholly-owned 615-unit apartment community in Alameda, CA.

Tue
21
Nov
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Arizona Tenant Charged With Murder In Stabbing Of Landlord

Arizona Tenant Charged With Murder In Stabbing Of Landlord

An Arizona tenant has been charged with murder in the stabbing death of his landlord in a rent dispute three months ago, according to reports.

James Womble, 21, has been charged with one count of second-degree murder after stabbing Peter Gillespie, 63, in Flagstaff on July 25. He pleaded not guilty to the charge and is claiming self-defense, according to the Arizona Daily Sun.

The Coconino County Attorney’ Office which delayed charging Womble until it received all of the forensic evidence from the Department of Public Safety Crime Lab.

Tue
21
Nov
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How Do You Practice Compliance In Apartment Leasing And Management?

How do you practice compliance training in apartment leasing and management

The Grace Hill training tip of the week focuses on practicing compliance training. Compliance training is important for landlords and property managers to keep up with ever-changing rental housing laws at federal, state and local levels.

By Ellen Clark

Can you imagine how delighted you’d be if all of your employees were compliance experts?

Studies of top performers in music, chess, and sports point to the importance of practice in the development of expertise.

With most skills in life, if you want to be great, you have to practice.

But how does one practice compliance?

 As trainers, we sometimes fall into the “check the box” mindset.

We are happy when all employees take their fair housing or harassment training once a year.

Tue
21
Nov
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4 Roof Preventive Maintenance Steps You Should Take Before Winter

4 roof preventive maintenance steps to take before winter

Before the weather gets worse, here are four roof preventive maintenance steps from a roofing expert you should take as a landlord or property manager to get your rental housing or apartments ready.

By Eric Skoog

No. 1 Gutters and downspouts

These are areas of specific concern whether in areas of snow and ice or heavy rain. Any structure that has gutters and downspouts should have those two areas checked.

Leaves, debris, children throwing balls up on the roof - any of these can plug up gutters and downspouts. When that happens you have improper drainage. With improper drainage, there is a greater chance for water to back up beneath the roof system. Also remember you tend to get ice damming along eaves in cold country, and this can be minimized with proper drainage and installation of electric tape.

Mon
20
Nov
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Facebook Rentals Added In Marketplace Include Apartment Listings

Facebook rentals have been added to Facebook's marketplace listings that recently added autos

Facebook has announced that is partnering with Apartment List and Zumper to expand its marketplace listings to include thousands of Facebook rentals listings.

Users before could post their own listings on Facebook, but pulling in the listings from these two partners greatly expands the number of listings and takes on Craigslist.

Facebook told Mashable in an emailed statement that the two sites offer "hundreds of thousands of house and apartment rentals" that users can browse. Sellers can also upload photos of their properties directly to Facebook.

Mon
20
Nov
The Editors's picture

HUD Charges Landlord With Sexual Harassment Of Female Tenants

Landlord charged with sexual harassment of female tenants

The landlord and owner of several rental properties in Wichita, Kansas has been charged with sexual harassment of female tenants and housing discrimination after the landlord allegedly offered to exchange sex for rent, according to a release.

“Landlords who use their position to intimidate or harass residents or to attempt to trade sexual favors for rent violate the sanctity of a woman’s home, the place where she should feel the safest,” Anna María Farías, HUD’s Assistant Secretary for Fair Housing and Equal Opportunity, said in the release.

 “HUD is committed to protecting the housing rights of those who are sexually harassed and will continue to take action any time housing providers violate those rights.”

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