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Mon
20
Mar
admin's picture

5 Reasons Why All Landlords and Property Managers Need to Join an Apartment or Landlord Association

5 Reasons to Join an Apartment or Landlord Association

5 Reasons Why all Landlords and Property Managers Need to Join an Apartment or Landlord Association

With laws changing every year, Landlords can’t afford to manage their rentals without support

 

            It seems like every month there is a new story about a rental property law changing, a landlord being sued by a tenant, or a landlord being issued a six figure fine. The relationship between a landlord and a tenant seems to be one of the most litigious business relationships that exists. Even if you only own and manage 1-2 units it can seem like a full-time job just keeping up on all the regulations. Being a property investor and being a landlord are two very different jobs and it’s not realistic to be an expert at both.

Fri
17
Mar
The Editors's picture

Property Management Ranks No. 14 In Worst Paying Jobs For Women

Property management ranks No. 14 in worst paying jobs for women

Property management jobs ranked No. 14 among the worst paying jobs for women, according to a release from 24/7Wall St.com.

The website reviewed female weekly earnings as a percentage of male weekly earnings in full-time wage and salary jobs using data from the Bureau of Labor statistics to identify the 20 worst paying jobs for women in America.

The 20 jobs with the lowest pay equity between men and women range from first-line supervisors of food preparation and serving workers, a job in which the typical woman earns 72.8% of male earnings, to personal financial advisors, a job in which women earn 55.6% of what men in the same job are paid. For reference, women across all such occupations earn 81.9% of male earnings, according to the report.

Thu
16
Mar
The Editors's picture

Sacramento, Portland, Seattle Grow While National Rents Flatten

Rents increase in key West Coast metros Yardi says while national rents flatten

Year-over-year rents in metros such as Sacramento, Seattle and Portland rose during February, while most of the largest U.S. metros are reverting to flat or modest growth, according to the latest report in a release from Yardi Matrix.

Joining Seattle, Portland, Sacramento and the Inland Empire as year-over-year rent growth leaders in February were Phoenix and Los Angeles.

The anticipated deceleration in rents was expected as national rents held at an average of $1,306. However multifamily fundamentals remain strong, the February report says.

Such deceleration “is not unexpected or a sign of long-term weakness in the sector,” the report says, noting that household formation and occupancy rates are expected to remain robust in 2017.

Looking ahead, the major unknown is how the economy will perform for the remainder of the year.

Tue
14
Mar
Larry Arth's picture

7 Secrets To Keep Tenants Renewing Your Leases

7 secrets to keep tenants renewing your leases

Keeping your tenants happy and renewing their leases is key to keeping your rental housing business and your revenue growing.

Our veteran investor, property manager and blogger shares a few of his secrets here.

By Larry Arth

I learned early on in the landlord business that I had to build a strong relationship with my tenants if I wanted long-term loyal clients for my rentals.

On the other hand, apartment owners and real estate investors who simply look at an investment property as a vehicle where the tenant pays their mortgage and generates them some positive cash flow tend to have tenants who move out annually.

When tenants feel or sense they are nothing more than a revenue stream for their landlord, they tend to move on quickly.

Here is my system:

Fri
10
Mar
The Editors's picture

How Much Do You Know About Atypical Evictions?

Atypical evictions are something a landlord may face when tenants are sharing rental housing

Landlords and property managers frequently deal with the issue of unmarried co-tenants and roommates, sometimes on the lease and sometimes not on the lease.

When things do not work out with these tenants, a property manager or landlord may face what is known as an “atypical” eviction.

Landlords are now seeing more renters who are Millennials. The trend of unmarried tenants is reflected in Gallup data showing more Millennials are currently single/never married than was true for those in older generations. This means they may have roommates sharing expenses. Plus considerably more Millennials are in domestic partnerships. Specifically, more than half of all Millennials, 59%, have never married, and 9% are in domestic partnerships, according to Gallup.

This week attorney Clint S. Dunaway takes on this topic of atypical evictions.

Thu
09
Mar
The Editors's picture

Home Flipping Hits 10-Year High In 2016

Home flipping hits 10-year high in 2016 http://www.realtytrac.com/news/real-estate-investing/2016-year-end-u-s-home-flipping-report/

Low inventory and a flood of capital pushed the home flipping rate to a 10-year high in 2016, according to a new report from ATTOM Data Solutions.

Homes flipped in 2016 sold for a median price of $189,900, a gross flipping profit of $62,624 above the median purchase price of $127,276 and representing a gross flipping return on investment (ROI) of 49.2 percent. Both the gross flipping dollar amount and ROI were the highest going back to 2000, the earliest home flipping data is available for the report, according to the release.

“Investors in search of flipping returns are increasingly willing to move to secondary and tertiary housing markets and neighborhoods with older, smaller properties that are available at a deeper discount,” Daren Blomquist, senior vice president at ATTOM Data Solutions, said in the release.

Tue
07
Mar
The Editors's picture

Survey On Home Buying By Gen X, Millennials And Boomers

Survey on home buying by the National Association of Realtors

An improving economy, multiple years of strong job growth and the notable increase in home values in most markets fueled a greater share of home buying from Generation X households over the past year, according to a new survey on home buying from the National Association of Realtors.

The National Association of Realtors 2017 Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent home buyers and sellers, found:

Mon
06
Mar
Larry Arth's picture

How Well Do You Manage Your Property Manager?

For owners and real estate investors Larry Arth asks,"How well do you manager your property manager?"

Veteran real estate owner and investor Larry Arth has a great property manager who he has worked with for years. Other owners and  investors struggle at times to find the right management style themselves to work with a property manager. Here are some thoughts on how to make the relationship between owner and investors and property managers work better.

By Larry Arth

I was having a conversation recently with an investor who owned a rental property free and clear and had been happy for years that all things were going well, with tenants paying regularly and checks coming in on time.

For the past five years, this investor was collecting rent checks from the property management company like clockwork. The property management company had been sold to another owner a few years back, but things were still going well. The checks came in right on time every month.

Just what an investor wants from a good property management company, right?

Mon
06
Mar
The Editors's picture

Testimony On Bill To Eliminate Oregon Ban On Rent Control

Testimony began last week at the Oregon State Legislature on a bill, backed by the City of Portland, that would remove the state-wide ban on rental control and end no-cause evictions, according to several reports.

House Bill 2004 as proposed would prohibit a landlord from terminating month-to-month tenancy without cause except under certain circumstances with 90 days’ written notice and payment of relocation expenses. The bill would also repeal the statewide prohibition on city and county ordinances controlling rents, effectively allow cities to put rent control in place.

Mon
06
Mar
The Editors's picture

Company Wants To Be The “Schwab” of Real Estate Investing

Company wants to be the "Charles Schwab" of real estate investing

A company, headed by the former co-founder of RealtyShares, has launched a platform it says will build, manage, and rebalance a portfolio of 75 to 100 real estate loans for investors using crowdfunding to make it easier to invest in real estate, according to a release.

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