Nationwide

Thu
16
Jun
admin's picture

Ask the Secret Shopper – Teamwork

Ask the Secret Shopper – Teamwork

Ask the Secret Shopper – Teamwork

The importance of teamwork cannot be overstated or emphasized enough. Yet sometimes boundaries are so clearly drawn regarding the role or “job description” of each staff member, those employees who desire to “go the extra mile” are powerless to act and are forced to watch prospects and residents “fall through the cracks.”  

Here is a question which brings up the issue of maintenance and leasing staffs getting involved with each others’ responsibilities:   

Q

Is it appropriate for maintenance staff members to get involved in the leasing process and how far should they go?  

A

This is an important topic, and it raises another question: Is it appropriate for leasing/office employees to get involved in some aspects of maintenance and how far should they go?

Thu
16
Jun
admin's picture

Look to Student Housing for Best Practices in Efficiency

Look to Student Housing for Best Practices in Efficiency

Look to Student Housing for Best Practices in Efficiency

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

Student housing property managers face a specific dilemma when it comes to turning units: most of the tenants move at the same time. This presents a number of challenges, including strains on resources, inventory, storage, delivery and the general stress of project management, all of which make for a difficult transition between moving dates. 

Because student housing property managers have to handle this process so quickly, their best practices can be viewed as a model for how to turn units efficiently. For suppliers and service providers, we can sometimes see the pain points clearly though from a perspective of outside looking in. 

Having seen some of the best managers in the business tackle this unique challenge with ease, we pulled together a few things that set them apart. 

Thu
16
Jun
admin's picture

Implementing A Utility Bill Back System For Multifamily Properties

Implementing A Utility Bill Back System For Multifamily Properties

Implementing A Utility Bill Back System For Multifamily Properties

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

As utility costs increase, owners of multifamily properties have searched for a fair method to pass on these expenses. Most multifamily properties in the western states today have been built with separate electrical and gas metering so tenants expect to pay their own electric and gas bills. Landlords have traditionally paid for the water and sewer. This pattern is changing.  Especially in large cities and towns, tenants have come to accept utility bill backs.

Landlords have many options to pass on these expenses:  

Often, landlords implement a Ratio Utility Bill Back System (RUBS). (RUBS) is a method of calculating a resident’s utility bill based on occupancy, apartment square footage, number of beds, or a combination of factors.

Wed
15
Jun
admin's picture

Basics of Student Housing

Basics of Student Housing

Student housing can be one of the most profitable niches of buy and hold real estate around. But of course, that’s only if you know what you’re doing. 

Student housing comes with two major advantages that should attract investors:

Advantage 1

Higher Rents: Students will generally pay a premium since they rent by the bedroom rather than by the house, as a family would.

Advantage 2

Almost Guaranteed Rents: By requiring a cosigner from each student’s parents, it’s highly unlikely that you will lose out on any rents or damages.

Unfortunately, like with all good things, there are also disadvantages:

Disadvantage 1

Annual Turnover: Unlike with other rentals, most students will leave every year requiring you to release the unit annually.

Disadvantage 2

Fri
10
Jun
admin's picture

Dupre + Scott Video Report: Even A Troll's Toll Won't Slow the Flow

Even A Troll's Toll Won't Slow the Flow

The Puget Sound region keeps adding jobs and people keep moving here. How many? Here's quick look at migration trends into the region through the end of May based on driver license data from the state.

Mon
06
Jun
Matt Easton's picture

3 Ways SEO Can Supercharge Your Student Housing Properties

3 Ways SEO Can Supercharge Your Student Housing Properties

3 Ways SEO Can Supercharge Your Student Housing Properties

As a leader in SEO and online apartment marketing, I have worked with hundreds of student housing properties and portfolios over the years. Whenever a university community calls MultiFamily Traffic, they always have the same problems for us to fix.

1.The phones in the leasing office are not ringing

2.The property has become occupied only with students, with little or no non-student renters, the property is one step away from becoming a frat-house.

Mon
06
Jun
EllenCalmas's picture

How Well Do You Know Your Residents?

how well do you know your residents?

How well do you know your residents?

Even the best screening reports cannot tell you if your residents will pay on time.

By Ellen Calmas

How well do you know your residents?

Rental residents' applicants come in all shapes and sizes. They’re young, old and ages in between.

On average, there are about 15 percent more women than men, while based on the location of a community, the ethnic mix and type of employment may vary.

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?

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