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Tue
09
Jan
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Rents Unchanged In December But Still Up 2.5% Year-Over-Year

Rents Unchanged In December But Still Up 2.5% Year-Over-Year

The average multifamily rent in the U.S. stood at $1,359 in December, unchanged from November but a 2.5% year-over-year increase for rents, according to a survey of 121 markets by Yardi Matrix.

Strong demand, the economy’s solid footing and a robust job market offer encouraging signs that growth will continue in 2018.

Rents were down 0.3% in the fourth quarter, which is only the second negative quarter of growth nationally since the second quarter of 2010 (rents also fell 0.2% in the fourth quarter of 2016).

“Although the results are somewhat negative compared to recent history, what’s notable is how consistently strong the market has performed during the entire recovery,” Yardi Matrix writes in the report.

Tue
09
Jan
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Portland Tenants United Founder Resigns After “White Supremacy” Charge

Portland Tenants United Founder Resigns After “White Supremacy” Charge

Portland Tenants United founder Margot Black is resigning her leadership post with the organization after a black activist accused the group of "white supremacy," according to a report in Willamette Week.

 Portland Tenants United  has organized protests the last two years at the annual awards ceremony of a Portland property management association with pickets showing up at the event and carrying signs.

Tue
09
Jan
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Are Your Social Media Posts Compliant With Fair Housing Laws?

Are Your Social Media Posts Compliant With Fair Housing Laws?

The Grace Hill training tip of the week focuses on how Fair Housing Laws apply to social media posts and property management.

By Ellen Clark

 Social media is a great tool for marketing in the multifamily industry to help build strong connections and community with your customers, but did you know Fair Housing laws apply?

When you share information in print or in person you may be aware of the Fair Housing issues, but are you watching all of your social media posts as closely?

The same rules apply. You are responsible for complying with anti-discrimination and anti-harassment laws, no matter what form of communication you are using.

Tue
09
Jan
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North Portland Apartment Owners Sued By 19 Tenants

North Portland Apartment Owners Sued By 19 Tenants

The new owners of the North Portland Melrose Apartments have been renovating units since they purchased the complex in 2016, but have now been sued by a group of current and former tenants, according to reports.

The tenants’ sued alleging unsafe living conditions.

“Current residents describe living in substandard conditions surrounded by persistent mold, cockroaches and numerous other violations of local and state rental housing laws,”  Pamela Phan, an organizer with the Community Alliance of Tenants, which has been organizing in the complex for three years, told katu.com news.

Tue
09
Jan
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The Best Cities To Invest In Apartment Buildings In 2018

Villas at Autumn Hills in Atlanta metro area one of best cities to invest in apartment buildings in 2018 by vinney chopra

The best cities to invest in apartment buildings for 2018 and which markets will provide best returns is the subject of this blog by veteran real estate investor and syndicator Vinney Chopra. He takes a look at the best cities to invest in apartments as many begin to see a softening of rental rates and rising vacancies.

 

Villas at Autumn Hills, one of Vinney Chopra's apartments in Atlanta metro area.

By Vinney Chopra

We enter 2018 with a changing environment in multifamily investing, but some of the underlying keys for investors’ success are still there if you look closely.

Tue
09
Jan
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Liberty Rent Guarantee Partners With GreenPath Financial Wellness

rent guarantee

Sponsored Blog

Liberty Rent Guarantee, a cosigner for potential residents of multifamily properties who have less-than-perfect credit, is proud to announce that it is partnering with GreenPath, Inc., a non-profit, financial wellness organization that has been empowering people to lead financially healthy lives since 1961.

“I’m very proud, in this season of giving, that Liberty Rent Guarantee was able to launch its latest initiative for tenants with less-than-perfect credit,” said Liberty Rent Guarantee CEO Bubba Grimsley.

 “It has always been part of our mission to reduce the risk in the multifamily rental space. Now, we take it a step further by partnering with GreenPath. Our strategic alliance with GreenPath will allow all of our residents the availability of live, online, and web-based assistance in all of their financial endeavors.”  

Mon
08
Jan
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10 Steps To Winterize Your Rental Property

10 Steps To Winterize Your Rental Property

Record freezing temperatures recently can be a challenge for property managers and for tenants so here are 10 steps to winterize your rental property in the maintenance checkup this week provided by Keepe.

Dealing with ice, snow and frost will be a common occurrence for many Americans this winter, which is why it is important to make properties safe for tenants, aiming to minimize slipping hazards and annoyances resulting from weather-damaged or malfunctioning amenities. Winter-proofing for the safety of tenants is just as important as Winterizing vacant rental properties. This post explains why vacant lots are most vulnerable in the cold season, and how to best prepare them for the cold season to prevent property damage and related repair costs.

Fri
05
Jan
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Investment And Management Firm Buys Arizona Apartments

Investment And Management Firm Buys Arizona Apartments

A real estate investment and management firm has purchased Coronado Crossings apartments, a 320-unit garden-style complex located on 19 acres in Chandler, Arizona for $58 million, according to a release. 

"Arizona is a great market and the City of Chandler has tremendous potential for growth," Luke Kline, Director of Acquisitions for Avesta said in the release.  "We look forward to serving the citizens of Chandler and helping residents of Coronado Crossing live abundantly."

A Tampa-based vertically integrated firm, Avesta creates lasting value to investors through a resident-focused mission. Avesta plans to fully renovate the property, upgrading all interior units and improving community amenities for residents to enjoy. 

Wed
03
Jan
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The 2018 Salt Lake Home Show Opens Friday, January 5

Aubrey and Bristol Marunde of HGTV’s Flip or Flop Vegas at Salt Lake Home Show this weekend

The Salt Lake Home Show opens Friday at the Mountain America Expo Center featuring Anthony Carrino and John Colaneri of HGTV’s Kitchen Cousins and Aubrey and Bristol Marunde of HGTV’s Flip or Flop Vegas. The will appear on the design stage at the Home Show this weekend, according to a release.

The show runs from Friday through Sunday, January 7 at the Mountain America Expo Center, formerly South Towne Expo Center.

Tue
02
Jan
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How Apartment Rules To Protect Children Could Be Discrimination

How Apartment Rules To Protect Children Could Be Discrimination

The Grace Hill training tip of the week focuses on how rules you think could protect children, could actually open up landlords and property managers to charges of discrimination.

By Ellen Clark

Normally, when you think of familial status discrimination, you likely think of things like refusing to rent to families with children, charging families with young children higher deposits, or steering them to certain buildings.

But what about rules or policies that are intended to protect children?

Could these be discriminatory?

 A story from a condominium complex in Fremont, California brings to light the issue around policies or rules that are intended to protect children, but actually could subject the property management to discrimination charges.

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