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Thu
15
Mar
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Utah Company Acquires Two Apartment Communities

Utah Company Acquires Two Apartment Communities

Restore Utah has purchased two apartment communities totaling 76 units, Pine Valley and Pine Cove in Salt Lake County, according to a release.

"We are pleased with the acquisition of Pine Valley and Pine Cove and are optimistic regarding the Salt Lake market because of its expanding population, strong job growth and low unemployment. We now own over 450 multifamily units in and around Salt Lake County and have found great success investing in the Utah economy while delivering quality affordable housing," Jim Schulte, President at Restore Utah, said in the release.

Pine Valley is a 60-unit apartment community that was built in 1970 and offers two bedrooms units. 

Wed
14
Mar
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Multifamily Rents Remain Steady In February

Multifamily Rents Remain Steady In February

The average multifamily rent in the U.S. rose $1 to $1,364 in February, a 2.7% year-over-year increase, according to the Yardi Matrix Multifamily monthly report for February and survey of 121 markets. 

“The deceleration was expected, coming after a long period of above-trend growth and just as deliveries were reaching a cycle peak,” the report says. “We forecast a slowdown, so growth of 2.7% is not surprising. Nor is it something to be disappointed with, since it is very close to the long-term average.”

Tue
13
Mar
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How A No Pet Policy Can Be Discriminatory

How A No Pet Policy Can Be Discriminatory

The Grace Hill training tip of the week focuses on the issue of how a no pet policy can be discriminatory when it involves potential tenants with disabilities.

By Ellen Clark

Landlord and property managers must make reasonable accommodations to meet the needs of people with disabilities.

An accommodation is a change in any rule, policy, procedure, or service if the changes are needed for a person with a disability to have equal opportunity to occupy and enjoy full use of their housing.

One of the most common accommodation requests people with disabilities make is to have an animal that would otherwise be restricted by a community’s rules.

Tue
13
Mar
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20 Easy, Affordable Maintenance Projects To Update Your Rentals

20 Easy, Affordable Maintenance Projects To Update Your Rentals

The smaller maintenance jobs that improve the look and feel of a rental space and make it feel welcoming can really help when it comes to landing that next tenant is the maintenance checkup from Keepe this week.

This week’s post will list easy and affordable maintenance projects to update every room. These small improvements and investments really go a long way.

 

5 front and outdoor improvements

1. Repainting the front door - a fresh and crisp coat of paint does wonders for a property’s exteriors, especially when opting for bright or bold colors. Due to its exposure, the front door can be prone to discoloration and chipping, and a new coat of paint can completely transform it into a cheerful and appealing detail.

Tue
13
Mar
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AG’s Sting Hits Property Management Over Rejecting Veterans Vouchers

AG’s Sting Hits Property Management Over Rejecting Veterans Vouchers

Eight Washington State property management companies have been charged with improperly rejecting disabled veterans vouchers after a sting operation, Attorney General Bob Ferguson said in a release.

Some landlords and property management companies have pushed back saying they were confused by conflicting information from the state and never intended to discriminate against veterans vouchers or veterans..

Ferguson said completion of a sweep to crack down on illegal housing discrimination against veterans with disabilities, has resulted in enforcement action against eight companies across the state.

As part of the enforcement action, the eight companies will stop discriminating.

“Veterans are protected from discrimination by Washington law,” Ferguson said in the release.

 

Mon
12
Mar
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Portland Landlords Will Have To Pay Tenant Moving As City Makes Policy Permanent

Portland Landlords Will Have To Pay Tenant Moving As City Makes Policy Permanen

Portland landlords now face a permanent policy that forces them to pay tenant moving costs if they want to increase rent by 10 percent or do no-cause evictions to move tenants out to rehab old apartment buildings to upgrade them, according to reports.

Landlords see the ordinance as disguised rent control.

The permanent renter protection policy requires landlords to pay tenant moving costs ranging from $2,900 to $4,500 to tenants subject to no-cause evictions or who choose to move if their rents are raised more than 10 percent a year.

The council revoked an exemption for landlords who own just one rental unit, except in limited circumstances. The revised policy is effective immediately, according to reports.

Fri
09
Mar
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Renters Can Cut Expenses And Save $650 A Month With Roommate

Renters Can Cut Expenses And Save $650 A Month With Roommate

Renters save $650 a month, more than $1,000 if they live in San Francisco or Los Angeles, if they move in with a roommate, according to a new survey.

Nationwide, a renter living alone in a one-bedroom apartment can expect to spend about $1,486 per month on rent. The median rent for a two-bedroom apartment is $1,650, which means two roommates splitting a two-bedroom apartment can each expect to spend $825 a month on rent, saving $661 a month, according to the analysis from HotPads®.

Wed
07
Mar
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Sleepless In Seattle: 44% Of Professionals Lose Sleep Over Work Stress

Sleepless In Seattle: 44% Of Professionals Lose Sleep Over Work Stress

Sleepless nights caused by work anxiety are taking a heavy toll on employees, according to a release from a top global staffing firm.

Research shows more than four in 10 professionals, 44 percent, often lose sleep over work, according to a release from staffing firm Accountemps.

"Work stressors can often follow you home, but try to check them at the door," Michael Steinitz, executive director of Accountemps, said in the release. "If you have too much on your plate, schedule time with your manager to discuss possible solutions to alleviate the pressure, such as delegating work to others, adjusting deadlines or bringing in temporary help." 

Tue
06
Mar
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Fair Housing Discrimination Against Someone You’ve Never Talked To?

Fair Housing Discrimination Against Someone You’ve Never Talked To?

The Grace Hill training tip of the week focuses on the issue of potential fair housing discrimination against someone you have never talked to.

By Ellen Clark

When you think about upholding Fair Housing Act laws, you probably think about treating people fairly and equally when they come in for a tour, or as you interact with them as potential tenants.

But did you ever think if you fail to answer an email, you end up on the wrong side of a fair housing claim without ever interacting with a person?

Fair housing laws protect people from discrimination throughout all stages of your interactions, not just after they become your tenant or residents of your apartment community. 

Tue
06
Mar
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Which Cooktop Is Best For Your Rental Property?

Which Cooktop Is Best For Your Rental Property?

The pros and cons of which cooktop - gas, electric, smoothtop or induction - is best for your rental property is the maintenance checkup from Keepe this week.

Cooktops are easily the most important component of a rental property’s kitchen and one of the most frequently used appliances.

As a rental property owner or manager, you want to consider installation and repair. Plus, you want a cooktop that will last without needing major repairs over the years and provide safe and efficient heating performance for your tenants.

Different manufacturers produce many models with different special features at vastly different price points. Here are the pros and cons of different models of cooktops:

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