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Mon
09
Apr
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Research Says More Tenants Are Renters For Financial Reasons

Research Says More Tenants Are Renters For Financial Reasons

New research shows that more tenants are renters for financial reasons and that a growing number are satisfied with the rental experience, according to Freddie Mac.

However, renters in the West say they are feeling impact of rent increases more than other areas.

Among millennials 71 percent say renting is a good choice for them.

The spring "Profile of Today's Renter" by Freddie Mac finds a total of 67 percent of renters view renting as more affordable than owning a home, including 73 percent of Baby Boomers (aged 53-71).

Similarly, 67 percent of renters who will continue renting say they will do so for financial reasons—up from 59 percent just two years ago.

Fri
06
Apr
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Seattle Landlords Must Charge For Parking Separate From Rent

Seattle Landlords Must Charge For Parking Separate From Rent

The Seattle City Council has passed 7-1 an ordinance banning Seattle landlords and property managers from bundling the cost of parking with rental payments.

Landlords of buildings with more than 10 apartments will no longer be able to include the cost of parking in rent, and must bill tenants separately for parking. Tenants, especially those who do not own a car, will have the option then of not paying the landlord for parking if they choose.

“We know that an oversupply of cheap parking has a negative impact on Seattle – it increases driving and traffic congestion, increases our carbon footprint, and makes housing more expensive,” City Councilman Rob Johnson said in a statement.  

Thu
05
Apr
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Salt Lake City Apartment Complex Wins Development of the Year

Salt Lake City Apartment Complex Wins Development of the Year

A Salt Lake City apartment complex has won the development of the year award from the Utah Apartment Association, according to a release.

Alta Gateway Station, a project of Wood Partners, a leader in real estate development and construction, won the award.

“I am ecstatic that our first project in Utah is being recognized for our thoughtful design and best-in-class service that Wood Partners is known for,” Director for Wood Partners Tim McEntee said in the release.

“I grew up in Utah and am a graduate of the University of Utah. I have pursued development opportunities in the Salt Lake City market for almost 25 years and seen the tremendous growth and change,” McEntee said.

Wed
04
Apr
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Apartment Owner Ordered To Pay $1.6 Million In Bed Bug Lawsuit

Apartment Owner Ordered To Pay $1.6 Million In Bedbug Lawsuit

A jury has awarded a California family $1.6 million in one of the largest single bed bug case awards ever reported against an apartment owner, according to a release.

Liliana Martinez told NBC in Los Angles her family suffered for months with bed bugs at the Kahala Islander Apartments in Inglewood, California in 2010. She said her child, a baby at the time, was covered in bites.

"Just seeing how he would scratch all the time and nothing would heal because it would start bleeding again. It was very emotional, very stressful," she told the television station.

Tue
03
Apr
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Accommodating Disabled Tenants In Your Rental Property

Accommodating Disabled Tenants In Your Rental Property

As a property manager it is fundamental to understand the laws pertaining to disability and accessibility for prospective disabled tenants. The maintenance checkup from Keepe this week involves 15 maintenance ideas to make your property more accessible to disabled tenants.

Researching and studying actual accessibility law should be a priority to prepare and protect yourself.

The Fair Housing Act and the Fair Housing Amendments Act make it unlawful to reject a prospective tenant because of their disability as you know. However it also prohibits asking a prospective disabled tenant about whether they are disabled and about the nature of their disability, visible or not.

Tue
03
Apr
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Can Tenants Have Multiple Assistance Animals?

Can A Resident Have Assistance Animals - more than one?

The Grace Hill training tip of the week continues the focus on the confusing issue of service animals, assistance animals and emotional support animals.

By Ellen Clark

By now you’ve probably figured out that complying with assistance animal requests is confusing and difficult.

One of the situations that many people find particularly confusing is when there are multiple animals involved and an apartment complex that may have a one-pet rule.

  • Can residents have more than one assistance animal?
  • Can residents have pets and assistance animals?

 Can a resident have more than one assistance animal?

The Fair Housing Act (FHA) and Section 504 of the Rehabilitation Act of 1973 (Section 504) do not limit the number of assistance animals one person can have.

Mon
02
Apr
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Seattle Law Making Landlords Accept First Qualified Tenant Struck Down

Judge Strikes Down Seattle’s Law Requiring Landlords Accept First Qualified Tenant

A Seattle judge has struck down Seattle’s ordinance saying landlords must accept the first qualified tenant who applies, according to reports.

A King County Superior Court Judge, Suzanne Parisien, struck down the ordinance saying “choosing a tenant is a fundamental attribute of property ownership.”

She wrote that the ordinance, called the first-in-time (FIT) law’s “few concessions to landlords do not redeem it. While landlords are permitted to set their own rental criteria …general criteria does not substitute for the discretion to choose a specific tenant.”

“Notably, the ability to negotiate for instance, - a key element of the right to freely dispose of property – is extinguished by the FIT rule. Even if landlords can impose some limits on the pool of qualified applicants, landlords and tenants still cannot bargain for an arrangement that suits their interests.”

Mon
02
Apr
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Landlord Charged With Reducing Rent, Threatening Eviction For Sex

Landlord Charged With Reducing Rent, Threatening Eviction For Sex

A  lawsuit charging sexual harassment of female tenants, has been filed against two Cincinnati rental property owners who have owned more than 55 multifamily and single-family rentals, according to a U.S. Department of Justice release.

The Justice Department announced that it has filed a lawsuit against John and Susan Klosterman alleging that female tenants in the Klostermans’ residential rental properties in Cincinnati, Ohio, were subjected to sexual harassment, coercion, intimidation, and threats in violation of the federal Fair Housing Act. Each of the defendants owns or manages properties where the illegal conduct occurred.

The lawsuit alleges that John Klosterman sexually harassed female residents at the rental properties from at least 2013 through the present.

Mon
02
Apr
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Real Estate Syndication Investing – 10 Things To Know

Real Estate Syndication Investing – 10 Things To Know

If you are thinking of investing in a real estate syndication, especially for multifamily investing, here are 10 things to know from Kim Lisa Taylor, Esq., founding attorney of Syndication Attorneys, PLLC.

By Kim Lisa Taylor, Esq.

If you have a self-directed IRA or substantial investment funds, you no doubt have considered investing in real estate, especially multifamily.

However, you may lack the funds to invest on your own or the desire to deal with the hassles of property management. A viable option for you may be to invest in a real estate “syndication” (i.e., a group real estate investment, also known as a Private Placement Offering) as a passive investor. 

Mon
02
Apr
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Fast Rising Rents In Tacoma, Reno And Phoenix

Fast Rising Rents In Tacoma, Reno And Phoenix

Rising rents are showing up in the national average as rent hit $1,371 in March 2018, up 2.5% year-over-year, following a 14-month growth plateau, according to RentCafe.

No sign of spring yet in the apartment market, as the national average rent continues its sluggish under 3% growth year-over-year for the 14th month straight, according to the release.

 The national average rent increased by 2.5% in March compared to the same time last year, reaching $1,371/month. Month-over-month, national rents showed a more visible 0.3% increase, or $4, compared to the previous month.

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