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Sat
01
Apr
The Editors's picture

6 Best Lawn Care Practices For Property Managers This Spring

Lawn care advice from the professionals

Six top recommendations from lawn care professionals to help property managers, as well as homeowners, grow and maintain healthy lawns include some expert advice and dispel common myths, according to a release.

The National Association of Landscape Professionals put together the top 6 recommendations drawn from the expertise and best practices of experienced lawn care professionals across the U.S.

“Lawns are the foundation of landscapes, but their benefits serve vital functions — capturing pollutants, producing oxygen and cooling homes — that positively impact our communities and the environment at large,” Missy Henriksen, vice president of public affairs, NALP, said in the release.

Tue
28
Mar
The Editors's picture

5 Rules For Using Humor In Your Office

5 rules for using humor in the office

A new survey says an employee's sense of humor is at least somewhat important for fitting into the company's corporate culture, with 22 percent stating humor is very important.

A new Accountemps survey says 78 percent of CFOs interviewed said an employee's sense of humor is at least somewhat important for fitting into the company's corporate culture, with 22 percent stating humor is very important.

CFOs were asked, "How important is an employee's sense of humor in him or her fitting into your company's corporate culture?" Their responses:

"A sense of humor can boost moods and improve connections among colleagues,"  Mike Steinitz, executive director of Accountemps, said in a release.

 "Creating a positive and friendly work environment can lead to higher levels of employee engagement and productivity."

Tue
28
Mar
The Editors's picture

The West Coast Led The Apartment Boom, Now Where Is It Headed?

Apartment forecast from axiometrics

The West Coast has many of the most robust apartment markets in the nation, but the two most influential metros, Los Angeles and San Francisco, have been in a bit of a slump lately, according to a new report from Axiometrics.

Evan Downey of Axiometrics reports that while the West Coast markets fueled the historic performance of the national apartment market in 2014 and 2015. Many of those markets however are smaller, secondary markets.

Among the current western powerhouses, only Seattle and Anaheim could be considered primary markets.  Los Angeles proper and the San Francisco Bay Area have fallen back.

The story of the Bay Area has often been told from double-digit rent growth in 2015 to negative rent growth in late 2016.

Tue
28
Mar
The Editors's picture

Portland’s Numbers Exaggerated About Apartments Needing Repairs

Numbers for apartments needing repair in Portland were exaggerated city says

City of Portland housing officials admit they exaggerated the number of apartments with code violations needing repairs saying now the number is only 19 and not the 400 as originally reported, according to an investigation by Oregonlive.com.

Housing officials did the estimate of 400 needing repair, in order to get a $500,000 grant.

What appeared to be a bargain - paying landlords for repairs if they agreed to keep rents low - got caught up in the situation of bogus numbers.

According to the newspaper, the Portland Housing Bureau wanted city money to clean up code violations at low-income apartments east of 82nd Avenue. They claimed 400 properties in east Portland had been flagged for urgent repairs, when the actual number at the time was 19, according to an analysis by The Oregonian/OregonLive.

Mon
27
Mar
The Editors's picture

Landlords Sue Seattle Over Right To Choose Their Tenants

Landlords sue Seattle over ordinance requiring them to rent to first qualified tenant

Several landlords have sued the City of Seattle over a new ordinance which took effect this year, called the first in time rule, requiring them to rent to the first qualified tenants who apply and seeking an injunction to halt the city from enforcing it.

The Pacific Legal Foundation said in a release it has sued in King County Superior Court saying the rule violates the Washington constitutional protections for property rights.

Fri
24
Mar
The Editors's picture

New Home Sales Have Increased 14% Year Over Year

New home sales up 14% year over year according to John Burns Real Estate Consulting

Hot new homes sales markets like Portland, Seattle and Dallas are showing increased home builder confidential as new home sales have increased roughly 14% year over year, according to new research from John Burns Real Estate Consulting.

Rick Palacios Jr., director of research for John Burns, writes in an email newsletter this week that “Three months into 2017, it is clear to us that home builders have started the year off on a much better foot than 2016. Based on our monthly survey of over 300 home builders across the country, new home sales have increased roughly 14% YOY through February. March is looking just as strong, based on our channel check survey of 82 builders last week. “

Thu
23
Mar
The Editors's picture

The 10 Best Counties For Renting Single-Family Homes To Millennials

Top 10 counties for rentals to millennials of single-family homes

A new report has identified and ranked the 10 best counties for renting single-family homes to millennials.

 ATTOM Date Solutions first-quarter 2017 Single Family Rental Market report, which ranks the best U.S. markets for buying single family rental properties in 2017, shows the best millennial single-family markets are in Detroit, Kansas City, Oklahoma City and Duluth, Minnesta.

In all 10 counties, the millennial share of the population increased at least 5 percent between 2014 and 2015 — the most recent data available from the Census Bureau — and millennials accounted for at least 20 percent of the total population in 2015.

Tue
21
Mar
John Triplett's picture

Why Are Some Property Managers Not Solving Pet Poop Problems?

Why are property managers not solving pet poop problems?

By John Triplett

Rental Housing Journal

If you do a search online for apartments and pet poop problems, there is no shortage of negative reviews from tenants about pet waste in apartment communities.

The growing millennial generation is becoming the largest group of renters in the country. And guess what, more than 70 percent of them are pet owners. The trend toward pet ownership in rental housing is only going to grow.

Mon
20
Mar
The Editors's picture

To Yield Or Not To Yield?

Prepayment penalty and choices in an era of rising interest rates

Sponsored Blog

Prepayment Penalty Choices In The Era of Rising Interest Rates

By Eli Glanz, President, Alpha American Capital

Most commercial mortgages, particularly fixed-rate mortgages, have some sort of prepayment penalty. Lenders impose such a penalty to earn back some, or all, of the interest income they would have earned had the mortgage remained outstanding for its entire term.

Prepayment penalties generally come in one of three flavors: defeasance, yield maintenance or a percentage fee. For those of us who focus on financing multifamily properties, the last two options are what we will encounter most often as those are the options offered by the agencies (Freddie Mac and Fannie Mae).

Mon
20
Mar
The Editors's picture

Is Your Apartment Building The Hottest New Hotel In Town?

Short-term rentals and is your apartment building the hottest new hotel in town?

Your high-rise apartment building in the city may be the new hottest hotel in town for short-term rentals as downtown, luxury, high-rise apartment buildings have become a magnet for the popular online home-sharing rental platforms such as Airbnb, VRBO, and Spokane-based Stay Alfred, according to several reports.

Because the luxury high-rise apartments typically have great city views, rooftop lounges, state-of-the art gyms and more to attract renters, they also attract the overnight guest. The tenants are renting out these plush digs by the night under the radar many times of the property management and building owners.

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