Nationwide

Tue
24
Apr
The Editors's picture

Do You Have A Smoke-Free Policy That Adequately Protects Residents?

Do You Have A Smoke-Free Policy That Adequately Protects Residents?

Have you thought about your smoke-free policy or no-smoking policy and whether it adequately protects residents who need a smoke-free environment? The Grace Hill training tip of the week focuses on this issue and new HUD rules for smoke-free policies in public housing.

By Ellen Clark

More and more rental properties across the country are adopting smoke-free policies with the goal of improving air quality, reducing the fire risk, and lowering maintenance costs.

Even with no-smoking policies in place in many apartment complexes, research indicates that many of the nearly 80 million Americans who live in multiunit housing experience secondhand smoke infiltration in their living unit that originated from elsewhere in or around their building.

Tue
24
Apr
The Editors's picture

Real Estate Will Be Stronger In 2018 Than Originally Forecast

Real Estate Will Be Stronger In 2018 Than Originally Forecast

The U.S. real estate industry is, in general, expected to be stronger than previously anticipated through 2018, according to the latest economic forecast from the Urban Land Institute's (ULI) Center for Capital Markets and Real Estate.

The ULI Real Estate Economic Forecast, which includes predictions over three years, is based on a semi-annual survey of 48 of the nation's leading economists and industry analysts. Responses to the most recent survey, conducted in March 2018, suggest that the industry is receiving a boost from the enactment of the Tax Cuts and Jobs Act in December 2017.

Tue
24
Apr
The Editors's picture

Expanding Rent Control Across California Could Be Headed For A Vote

Expanding Rent Control Across California Could Be Headed For A Vote

Rent control advocates say they now have enough signatures to place on the November ballot an initiative that would allow cities across California to put in place rent control if they choose, according to a release.

“At a series of rallies held throughout California, a coalition of renters, small landlords, labor allies, faith-based organizations, and civil rights leaders came together to place the repeal of the Costa-Hawkins Rental Housing Act on the November 2018 ballot,” according to the release.

“Repealing the act could allow rent control to be extended locally throughout the state. The coalition announced that more than 588,542 signatures were collected to place the Affordable Housing Act on the statewide, November ballot.”

Tue
17
Apr
The Editors's picture

Are LED Light Bulbs The Best Option For Your Rental Property?

Are LED Light Bulbs The Best Option For Your Rental Property?

LED light bulbs, whether replaced by the landlord or the tenant in your rental property, is the maintenance checkup from Keepe this week as we look at the pros and cons.

Going green is also important for some properties and something to consider for LED light bulbs.

LED light bulbs have become popular with industry professionals. So we asked our electricians to give us some tips as we explore what is best for our rentals.

How LED light bulbs work

LED light bulbs produce light by conducting electrical currents through a microchip that powers a small, light-emitting diode.

Their popular counterpart - incandescent light bulbs - rely on electrically-produced heat instead: electrical currents heat the metallic filament found inside the glass bulb, which becomes luminous after being brought up to a high, incandescent temperature

Mon
16
Apr
The Editors's picture

Social Media Tenant Screening Risks And Fair Housing

Social Media Tenant Screening Risks And Fair Housing

Have you thought about using social media tenant screening as a way to checkout potential tenants on social media or checking on current residents on social media? The Grace Hill training tip of the week focuses on this issue and the Fair Housing Act.

By Ellen  Clark

Social media can be a tempting tool to find more information about tenants and prospective tenants, but the information you find can leave you vulnerable to discrimination claims.

But what about looking up applicants or residents on social media? Can that be problematic from a fair housing perspective? Let’s take a look.

First some background as the topic of social media and fair housing is back in the headlines.  

Mon
16
Apr
The Editors's picture

Multifamily Properties Biggest Volume Of Mortgage Bankers Originations In 2017

Multifamily Properties Biggest Volume Of Mortgage Bankers Originations In 2017

Multifamily properties led as commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017, according to the Mortgage Bankers Association's (MBA) 2017 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation, according to a release.

"2017 was a very strong year, driven by solid property fundamentals, rising property values, low interest rates, and a ready supply of mortgage capital all contributing to extraordinarily attractive finance markets," Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research, said in the release.

 "We expect another robust year in 2018, even with the slight increase in interest rates, although perhaps not quite as robust as 2017."

Fri
13
Apr
The Editors's picture

Top Apartment Owners Show Strong, Continued Growth

Top Apartment Owners Show Strong, Continued Growth

The apartment sector continued its strong economic run last year for apartment owners with more than two million units being owned by firms on the National Multifamily Housing Council’s (NMHC) top 50 owners list, representing about 10 percent of all apartments in the U.S., according to a release.

“Strong underlying demand and investment performance metrics continue to buoy the market,” Mark Obrinsky, NMHC’s Senior Vice President of Research and Chief Economist, said in the release.

Tue
10
Apr
The Editors's picture

10 Ways To Make Small Bathrooms In Your Rentals Look Bigger and Better

10 Ways To Make Small Bathrooms In Your Rentals Look Bigger and Better

Small bathrooms in your rental properties can be made to look bigger and keep tenants happier with small, affordable changes in this maintenance checkup from Keepe 

Being able to enjoy a spacious bathroom is on the wish list of many tenants,.

However many properties - especially rental unit clusters - are designed to optimize space. That means that the sheer size of a property’s rooms might have to be reduced to squeeze in extra storage space or living areas.

While an extra small bathroom or powder room is certainly better than having one less bathroom in the property, it can be a hard point to sell, especially when a small bathroom is a property’s only bathroom.

A room expansion or remodel is expensive, labor intensive and time-consuming. It is also unlikely to be feasible for units that have been purposely designed to host certain numbers and types of rooms of specific dimensions.

Mon
09
Apr
The Editors's picture

How To Handle Suspicious Documentation For Assistance Animals

How To Handle Suspicious Documentation For Assistance Animals

The Grace Hill training tip of the week focuses on the documentation for assistance animals, service animals, and emotional support animals.

By Ellen Clark

If you suspect that documentation for assistance animals is suspicious, you may ask for more information.

Recently, you may have noticed documentation coming from websites that offer assistance animal “certifications” for a fee, but they appear to provide this documentation without firsthand knowledge of a person’s disability or what assistance or support the animal provides.

 Some housing providers don’t raise questions about suspicious documentation because they fear being accused of discrimination.

 It is important to know that it is ok to question suspicious documentation and ask for more information. 

Mon
09
Apr
The Editors's picture

Research Says More Tenants Are Renters For Financial Reasons

Research Says More Tenants Are Renters For Financial Reasons

New research shows that more tenants are renters for financial reasons and that a growing number are satisfied with the rental experience, according to Freddie Mac.

However, renters in the West say they are feeling impact of rent increases more than other areas.

Among millennials 71 percent say renting is a good choice for them.

The spring "Profile of Today's Renter" by Freddie Mac finds a total of 67 percent of renters view renting as more affordable than owning a home, including 73 percent of Baby Boomers (aged 53-71).

Similarly, 67 percent of renters who will continue renting say they will do so for financial reasons—up from 59 percent just two years ago.

Pages

Subscribe to RSS - Nationwide