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Mon
28
Aug
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47 Urban Apartments In Popular Mid-Market San Francisco Now Leasing

New urban apartments in San Francisco now leasing

Described as the “ultimate urban experience,” leasing has started at 570 Jessie Street, 47 urban apartments located in Mid-Market, San Francisco, according to a release.

570 Jessie is an 8-story residential building with 32 studios, starting at $2,600 per month, and 15 one-bedroom units, starting at $3,500 per month. Six of the units will be offered at below market rate, in cooperation with the Mayor’s Office of Housing.

The 500 block of Jessie Street was formerly occupied by warehouses and commercial spaces. In 2015, 550 Jessie Street (60 apartments) was the first residential building to be built on the Street.

 Currently, 521 Jessie Street (83 apartments) is under construction, and is set to be complete next year. In addition to 570 Jessie Street, this half block of Jessie Street will soon be home to nearly 200 apartments.

Wed
23
Aug
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The Top 3 Criteria Renters Use To Evaluate A Property

The top 3 criteria renters use to evaluate a property

A survey of active renters shows the top three criteria potential tenants use to evaluate a property are the price, the location and the community environment, according to a recent study.

The survey by Village Green, called the National Renters Index, involved 1,000 respondents in seven markets across the country.

In looking for properties, 59 percent of renters said in the survey they research online before visiting a potential rental property and 65 percent used nationally-known renting websites, such as apartments.com.

Community environment is important to renters who say they want a “homey” look and feel in their apartment community with a high-end feel. The cities included in the survey were Phoenix, Atlanta, Chicago, Dallas, Detroit, Philadelphia and Minneapolis.

Tue
22
Aug
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Top 5 Most Expensive And Least Expensive Cities For Renting

5 most expensive and least expensive cities for renting

A new study of the 5 most expensive and least expensive cities for renting found the median rent for a one-bedroom apartment is $1,000 more expensive in San Francisco than it is in New York.

How much an apartment costs in 50 U.S. cities was the goal of personal finance website GOBankingRates when it examined 50 major cities across the U.S. to identify the cost of a one-bedroom apartment.

 In addition to median rent prices, the study analyzed key factors including the cost of basic utilities and each city's walkability score. GOBankingRates also identified the percentage of apartments for rent in each city with the following amenities: dishwashers, washer-dryers, pools, fitness centers, parking garages and pet-friendly policies.

Top 5 Most Expensive Cities for Renting

1. San Francisco

Tue
22
Aug
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Former Horse Pasture Now Nation’s Largest Student Housing Complex

Nation's largest student housing project built with public and private financing now open at Texas A&M university

The nation’s largest student-housing development built under a public-private partnership, a 50-acre, 3,406-bed, 2.2-million-square-foot apartment community, is now open on the Texas A&M University campus in College Station, Texas, according to a release.

The Park West Apartments, a $368 million mixed-use luxury student housing project,  was organized through a public-private partnership between the Texas A&M University System, Servitas development, management and operations in Irving, Texas, and The Weitz Company,  construction manager.

Mon
21
Aug
The Editors's picture

What Is A Landlord To Do Now In Seattle?

Business woman checking credit now hat is a landlord to do now in Seattle blog by David Pickron

3 Actions A Landlord Can Start In Seattle With Without Using Criminal Background Checks

What can a landlord or property manager do to protect themselves now that there is a new ordinance coming in Seattle that bars landlords from using criminal background checks in screening tenants?

The Seattle City Council has passed an ordinance 8-0 to bar landlords from using criminal records to screen tenants based on past arrests or criminal convictions, with the exception of sex offenders.

Mon
21
Aug
John Triplett's picture

7 Habits Of Highly Successful Property Managers

7 habits of highly successful property managers

What are 7 habits of highly successful property managers? Buildium.com recently did a webinar to explore 7 ways that property managers can better organize their daily routines while the chaos of property management problems rage around them. Here are the 7 habits.

No. 1 - Make Communication A Core Competency

“Create templates for everything, from emails to new tenants, notifications you send when people are late on rent, or common alerts.  These can all be made into templates and used over and over. If you are sending the same information more than three times in a month, you need a template. Software can help you do this,” Lauren Mason, Field Marketing Manager for Buildium.com, said on the webinar.

Sun
20
Aug
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The Story Of A Multifamily Investment Winner

The story of a multifamily investment winner by Vinney Chopra

This story of a multifamily investment winner began with discussions about buying an apartment complex that had suffered extensive fire damage in one of the 16-unit buildings in a 156-unit apartment complex in Freeport, Texas in 2014.

By Vinney Chopra

The fire, at the Sienna Villas Apartment Homes, was caused by two kids playing with match sticks in the closet in the upstairs of a middle apartment. It quickly got out of hand. Fortunately no one died and everyone got out quickly. The complex was originally built in 1978 and had no sprinkler system.

The owners of the complex, who lived in the San Francisco Bay Area, decided after collecting the insurance money that they would like to consider selling the complex to us, and they dropped the price. They explained there had been poor management of the complex and they would like to not own this asset as it required extensive rehab.

Wed
16
Aug
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Inland Group Purchases Another Colorado Multifamily Property

Inland group purchases another Colorado multifamily property

Inland Real Estate Acquisitions, Inc. has negotiated and helped close the purchase of Black Feather Apartment Homes, an 83-unit Colorado multifamily property located in Castle Rock, a southern suburb of Denver.

Located directly off I-25 in a major retail corridor of Castle Rock, the property was constructed in 2016 and features a mix of townhome, three-story walk-up apartments and owned condominium units.

The transaction consisted of 48 two-bedroom, 32 three-bedroom and three four-bedroom apartments with 49 detached and 28 attached garages and 131 open parking spaces.

Each unit at Black Feather Apartment Homes features nine-foot ceilings, stainless steel appliances, granite countertops and a full-size washer and dryer. The property also provides residents with access to a community swimming pool, clubhouse and barbecue areas

Tue
15
Aug
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Seattle Bars Landlords From Using Criminal Records To Screen Tenants

Seattle bars landlords from using criminal records to screen tenants

The Seattle City Council has passed an ordinance 8-0 to bar landlords from using criminal records to screen tenants based on past arrests or criminal convictions, with the exception of sex offenders, according to a release.

“The Fair Chance Housing ordinance would prevent landlords from screening applicants based on criminal convictions; arrests that did not lead to a conviction; convictions that have been expunged, vacated or sealed; juvenile records,”  Councilmember Lisa Herbold said in a release.  

“The bill also prohibits the use of advertising language that categorically excludes people with arrests or conviction records. The legislation does not apply to people registered as sex offenders who committed their crime as an adult.

Mon
14
Aug
The Editors's picture

Landlords Appeal Ruling In Tenant Relocation Lawsuit

No cause evictions and tenant relocation issues are tied together

Portland landlords, who lost the first round in a lawsuit against the Portland tenant relocation ordinance back in July, have filed an appeal to the judge’s ruling.

The two Portland landlords last February claimed the ordinance, backed by Portland City Councilwoman Chloe Eudaly, the “Tenant Relocation Ordinance,” violated Oregon statutes and the Oregon Constitution.

They filed the appeal with the Appellate Court Administrator in Salem seeking to overturn the judgment entered in the case back in July, signed by Judge Henry Breithaupt, in the Multnomah County Circuit Court.

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