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Tue
23
Jan
The Editors's picture

5 Steps To Take Care Of Your Heating System In Winter

5 steps to take care of your heating system in winter photo courtesy unsplash

The maintenance check up this week, provided by Keepe, asks whether you are taking the steps you need to avoid heating system issues in the cold of winter to protect your investment and your tenants.

You get a sudden phone call from your tenant in the middle of a deep cold snap and the tenant is panicking because the heating system suddenly stopped working.

Their home is getting colder and colder.

In less than an hour, you get two more calls from two more tenants reporting malfunctioning heating systems.

  • What if your trusted maintenance professional is on vacation?
  • What if other contractor companies you can think of happen to be unavailable?

This might sound like an unlikely situation, but it actually happened to a property manager in a big city who is now one of Keepe.com’s clients.

Fri
19
Jan
The Editors's picture

Yardi Matrix Report Forecasts A Solid Multifamily Housing Market

Yardi Matrix Report Forecasts A Solid Multifamily Housing Market

A new market outlook report compiled by Yardi® Matrix concludes that multifamily housing market growth will continue, albeit at a tepid pace, for the next 18 to 24 months, according to a release.

“On a big-picture basis, demand for multifamily shows no signs of slowing,” the U.S. Outlook for Winter 2018  report says, citing the growing 20-to-34-year-old renter cohort, downsizing retirees, a moderate economic growth forecast and anticipated delivery of 360,000 new units in 2018.

The report says that, “after several years of sizzling improvements in fundamentals, 2017 was a year of retrenchment in the multifamily market. Rent growth cooled amid robust development, and occupancy levels—although still solid—began to trend down in some metros.’

Tue
16
Jan
The Editors's picture

7 Pest Preventative Maintenance Steps For Rental Housing

7 Pest Preventative Maintenance Steps For Rental Housing

The maintenance check up this week, provided by Keepe, asks whether you are taking the pest preventative maintenance you need in your rental housing to protect your investment and your tenants.

From mice to ants and cockroaches, pest infestations can cause serious property damage and traumatize tenants, significantly worsening their perception of their living conditions.

Property managers need to be aware of what draws pests to rental homes and adopt simple pest preventive maintenance steps that can protect properties and tenants.

7 Types of Pest Preventative Maintenance Steps

No. 1 - To avoid any and all infestations, it is fundamental to regularly inspect properties for cracks, crevices and any kind of openings that would allow unwanted critters to access indoor spaces. This includes checking open vents and drainage pipes.

Tue
16
Jan
The Editors's picture

Do You Know How To Respond To a Sexual Harassment Complaint?

Do You Know How To Respond To a Sexual Harassment Complaint?

The Grace Hill training tip of the week focuses on The Fair Housing Act and how to respond to a sexual harassment complaint.

By Ellen Clark

HUD aggressively pursues violations of The Fair Housing Act (FHA) involving harassment in housing and complaints often name property managers directly, so do you know how to respond and stay on top of the situation?

 

Photo credit Microgen via istockphoto.com

Remember courts have consistently recognized sexual harassment as a form of discrimination that violates the FHA.

In addition to individual property managers directly, the complaint may name the corporate entity or owner associated with the complainant’s housing.

Tue
16
Jan
The Editors's picture

Utah’s Real Property Management Company Named Top Brand

Utah’s Real Property Management Company Named Top Franchise

Two publications recently named Utah-based Real Property Management, a full-service property management company as a best brand in their industry, according to a release.

Entrepreneur Magazine's Franchise 500, known as the world's first, best and most comprehensive franchise ranking, recognized Real Property Management for the seventh consecutive year, acknowledging its exceptional performance in areas including financial strength and stability, growth rate and brand power.

Tue
16
Jan
The Editors's picture

Investment Group Purchases 408-Unit Multifamily Property in Colorado

Investment Group Purchases 408-Unit Multifamily Property in Colorado

An investment group has purchased the Après Apartments, a 408-unit multifamily property located in Aurora, Colorado, an eastern suburb of Denver, according to a release.

Inland Real Estate Acquisitions, LLC bought the apartments located at 1503 South Galena Way, which consists of 17 three-story buildings with 196 one-bedroom and 212 two-bedroom units. Community amenities include a recently renovated clubhouse, fitness center, resident lounge, two swimming pools and a pet park. Units feature walk-in closets, a washer and dryer, fireplace and a private balcony or patio.

Fri
12
Jan
John Triplett's picture

Can I Say "No Pot In My Apartments" When It’s Legal In My State?

Can I say no pot in my apartments when it is legal in my state?

California just became the world's largest legal marijuana market. When pot is legal in a state, what issues does this present to property managers and landlords of rental properties? This was Rental Housing Journal readers' top story in 2017

By John Triplett

Rental Housing Journal

Property managers are often confused and seeking to better understand how to handle the issues of legal marijuana and medical marijuana when it comes to tenants and rental housing in their states.

Laws are changing all the time in many states, just as California did on January 1, 2018,  as voters approve different levels of permission when it comes to marijuana. This leaves property managers trying to figure out what should be in their leases around the issue.

Fri
12
Jan
The Editors's picture

8 Ways The Rental Housing Market Changed In 2017

8 Ways The Rental Housing Market Changed In 2017

What were the 8 ways the rental housing market changed in 2017, and what can we learn heading into 2018?

The folks at RentCafe have put together a report that looks at the rental housing trends in 2017 and analyzed rents from the 250 largest cities

Thu
11
Jan
The Editors's picture

6 Insights About Rental Property Owners And Property Managers

6 Insights About Rental Property Owners And Property Managers

What are the keys to the relationship between rental property owners and property managers? These insights could help rental property owners better set their expectations and help property managers better understand the owners.

The rental property owners’ survey from Buildium.com revealed 6 insights about rental property owners and the relationship with property managers.

 

Photo credit istockphoto.com

Thu
11
Jan
John Triplett's picture

7 Issues And Answers About Renting To Felons

7 issues and answers about renting to felons

7 issues and answers about renting to felons that landlords and property managers need to know.

By John Triplett

Rental Housing Journal

Are “no-felony-ever” lease clauses dead? We decided to ask this question of an expert in the field of investigations and tenant screenings to follow up all debate last year over whether landlords are required to rent to someone with a felony record.

David Pickron, owner of RentPerfect, an investigative screening company in Arizona, says the days of saying “no-felony-ever” are over for landlords unless the felony is a sex offense.

“We really tackled this hard in April and May of 2016 when the U.S. Department of Housing and Urban Development (HUD) first came out with their guidelines,” PIckron said in an interview. 

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