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Mon
23
May
Kevin Guz's picture

How I Bought My First Rental Duplex On My Lunch Hour

How I bought my first rental duplex on my lunch hour blog by Kevin Guz

Many find it hard to buy rental property while holding down a full-time job.

Kevin Guz who now owns a HomeVestors franchise in Dallas tells the story of how he got started on his lunch hour.

By Kevin Guz

For many part-time investors or investors embarking on that first rental investment property purchase the easiest excuse is, “I don’t have time.”

If you have the desire to purchase investment real estate, and you are already involved in your career -  you have a great full-time job or full-time passion and career – that is not an excuse that that should keep you from also pursuing your passion of owning investment real estate.

Don’t let the time factor hold you back.

Fri
20
May
admin's picture

REI2Day: Overtime, Crowdfunding and Zombies

REI2Day: Overtime, Crowdfunding and Zombies

REI2Day: Overtime, Crowdfunding and Zombies

DOL Issues New Overtime Rules

This week President Obama and the U.S. Department of Labor announced the publication of the Department’s final rule updating overtime regulations.  The new rules go into effect December 1, 2016 and cover who is and is not exempt from overtime pay within certain categories of employees.  Click here to read more.

 

Housing Starts Up 6.6% in April

Fri
20
May
EllenCalmas's picture

Second Chance Renters: Targeting Tenants With Less Than Perfect Rental History

Second chance renters and why they are important to our buisness

Targeting Second Chance Renters

By Ellen S. Calmas

How to make second chance renters work by Ellen S. Calmas

Ellen S. Calmas

What are “second chance” renters and why are they important to our business? After all, why would a professionally managed property company want to attract renters who they know have a ding somewhere in their credit or rental history?

Tue
17
May
Matt Easton's picture

3 Ways To Get Promoted in Property Management

3 ways to get promoted to management in multifamily housing

What is the secret to property management promotion to regional manager, vice president or CEO?

By Matt Easton

As Executive Vice President at MultiFamily Traffic, I have worked with thousands of property managers, regional managers, marketing managers, CEO’s etc. I have seen them come and I have seen them go. Recently my friends at Rental Housing Journal asked me what the number one trend is in our industry is. My answer is this, management companies are desperate for rock-star talent and when they find it they will promote that person as high as they possibly can.

Mon
16
May
The Editors's picture

Charm Residents with Outdoor Living Spaces

Charm Residents with Outdoor Living Spaces

Charm Residents with Outdoor Living Spaces

By Scott Matthews, Director, Strategic Accounts, The Home Depot

Turing outdoor spaces into comfortable, functional extensions of interior living areas is in demand for multifamily communities. Residents are interested in spending more time outside. Creating an inviting outdoor space for your property will help attract prospective residents and retain current tenants, especially during the warm months and moving season. 

Here are some ideas for outdoor upgrades that will give residents a place to engage with other tenants, family and friends and help you stand out against the competition.

Mon
16
May
The Editors's picture

The Increasing Cost Of Owning Properties With Onsite Staff

Cost of Onsite Staff

The Increasing Cost Of Owning Properties With Onsite Staff

By Cliff Hockley, President, Bluestone & Hockley Real Estate Services

Even though the sales of apartments are reaching very low CAP rates with expectations of high returns, a number of laws aiming to protect workers have increased the cost of managing apartments. 

In Oregon, these laws include state mandated minimum wage increases and sick leave. On the federal level, required health insurance (for full time employees) and potential changes in federal overtime rules keep increasing the costs to staff with onsite management, maintenance and operations.

Sick leave

Mon
16
May
The Editors's picture

Ask the Secret Shopper – Alive After Five

Ask the Secret Shopper – Alive After Five

Every day at five o’clock, people pour out of the work place, get into their cars and head for home. However, often times they have to run errands or make other stops after they have already put in a full day. Some people even have to schedule appointments to look at apartments when they get off work because their week-ends are packed and they can’t take a long lunch break. Most leasing consultants have put in a full day by five o’clock too, but many rental offices are open until 6:00 or later. Do the prospective renters who come through your door after 5:00 get the same level of enthusiasm and quality of service as those who visit your community before noon? See what happens when the Secret Shopper “drops in” to look for a new home at the end of the day.   

Mon
16
May
The Editors's picture

Dear Maintenance Men - Water Heaters

Dear Maintenance Men, Rental Housing Journal

Dear Maintenance Men

Water Heaters

Dear Maintenance Men:

I have a hundred gallon water-heater serving seven units.  The residents are complaining about a lack of hot water and sand coming out of the faucets and shower heads. The heater seems to be working normally.  What would cause sand to come out of the lines? 

Johan 

Dear Johan:

Your water-heater probably needs the calcium build-up removed from inside the tank. If your 100-gallon water heater is a commercial unit, you should find a clean out port at the bottom of the tank. Determine the tank manufacturer and purchase a new gasket for this port. Most plumbing supply outlets will have these in stock.   

Turn off the gas supply.  

Turn off the water supply to the tank.

Drain the water heater completely.

Mon
16
May
The Editors's picture

Nightly Rentals - The Hottest Investment Right Now?

Nightly rentals, rental housing journal, hot investments

Nightly Rentals –The Hottest Investment Right Now?

How to earn 2-5 times the gross profit of traditional rental properties

I am sure by now you have heard of the many nightly rental websites that allow property owners to advertise their homes, apartments, and even extra rooms for rent on a nightly basis. There have of course been some controversies over this new industry as it takes revenue away from the hotel industry and thus decreases the amount of taxes that local cities receive from the transient tax. One way or another, you have likely heard of this industry by now. Have you taken the time to analyze this as a viable investment opportunity, though? When you start running the numbers and seeing what others are doing, then it starts looking very attractive.

Mon
16
May
The Editors's picture

U.S. Housing Market Shows Signs of Flattening, According to HomeUnion 

US Housing Market shows signs of flattening, rental housing journal

U.S. Housing Market Shows Signs of Flattening, According to HomeUnion 

Meanwhile, investment home prices rose 8.5% in March

HomeUnion, an online real estate investment management firm and data provider enabling value investing in residential properties, has released March 2016 data on the flattening U.S. housing market. According to HomeUnion’s research, the median price for owner-occupied homes declined 1.1% to $234,300. Meanwhile, the median price for non-owner-occupied homes, or investment homes, rose 8.5% to $192,600.

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