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Thu
02
Mar
The Editors's picture

Multifamily Housing Leader Plans $1.75 Million In Philanthropy For 2017

Avalon Bay plans $1.75 million for non-profits in communities where they have apartments such as this one in southern california. https://www.avaloncommunities.com/california

A company that owns more than 80,000 apartment homes in ten states plans to contribute $1.75 million in cash and in-kind support in 2017 to help non-profit organizations focused on providing affordable housing in local markets where the company does business, according to a release.

AvalonBay Communities, Inc.  2017 philanthropic plan will provide “support to advance the missions of non-profit organizations focused on providing affordable housing and supporting the disadvantaged in the local markets where the company does business,” according to the release.

 The plan includes a third contribution of $250,000 toward a four-year $1 million commitment to the American Red Cross to further its purpose of helping those in need during times of natural and human disasters.

Wed
01
Mar
admin's picture

ManagInc Launches the Apartment Industry's First Corporate Social Responsibility Platform

ManagInc Launches the Apartment Industry's First Corporate Social Responsibility Platform

ManagInc Launches the Apartment Industry's First Corporate Social Responsibility Platform

SatisFacts founder and industry veteran Doug Miller creates corporate social responsibility solution

BALTIMOREManagInc, founded by industry innovator Doug Miller, today announced the launch of the multifamily industry’s first-ever corporate social responsibility platform. ManagInc guides property management companies in the development of world-class CSR rooted cultures designed to not only give back to the neighborhoods they serve, but also to create work and living environments that inspire current and prospective associates and residents.

Tue
28
Feb
John Triplett's picture

6 Keys to Writing A Lease The Right Way

6 keys to writing a lease the right way. Get the guide from buildium.com

A recent webinar offered advice on creating, using and enforcing tenant leases for property managers. Do you know the 7 basics of a lease? The 6 qualities of a great lease? How sloppy payers can be a revenue source? Here are some trends in leases these days along with tips, advice and links to more information to help you get the right language, that you want, in your leases.

By John Triplett

Rental Housing Journal

The webinar was by Buildium.com and run by Darcy Jacobsen, Director of Content, and Sam Driver, Product Director, and an experienced property manager at the company. During the webinar, they polled the group of property managers on a number of questions, and the first one was:

Tue
28
Feb
The Editors's picture

Community Leaders Join In Grand Opening of Indigo Apartment Homes 

Apartment homes grand opening in California

Community leaders joined an apartment management company in the grand opening of a new 10-story luxury apartment homes community of 463 units in Redwood City, California, 25 miles southeast of San Francisco, according to a release.

Apartment Investment and Management Company (Aimco) is the owner and manager of the Indigo Apartment Homes community it acquired for $320 million and partnered with developer PAULS Corporation.

The first residents moved into their new homes in July and the community is currently 80 percent leased.

"We are thrilled to mark the grand opening of Indigo and its expansion of Aimco's investment in the Bay area,"  Aimco Chief Investment Officer John Bezzant, said in the release.

Wed
22
Feb
The Editors's picture

Existing Home Sales Jump In January To 10-Year High

Existing home sales in January jump to 10-year high

Existing home sales stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to a release.

The National Association of Realtors (NAR) said in the release that all major regions except for the Midwest saw sales gains last month.

"Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home," Lawrence Yun, NAR chief economist, said in the release.

 "Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate and deteriorating affordability conditions," Yun said in the release.

Tue
21
Feb
admin's picture

Why It's Important To Earn A Real Estate Or Property Management Certification

Why It's Important To Earn A Real Estate Or Property Management Certification

Why It's Important To Earn A Real Estate Or Property Management Certification

Education, like success, is a process not a destination.  Education itself is not as much about retention, but knowing where to go to find the correct information as a real estate investor or property management professional is essential.  Furhter having a recognized property management certification is key to your career.

Tue
21
Feb
The Editors's picture

DocuSign Launches Electronic Payments To Sign and Pay 

DocuSign launches electronic payments

Apartment managers can now have tenants sign a lease and pay at the same time with a new program DocuSign has launched to collect electronic payments at the same time it collects digital signatures, according to a release.

At launch – via the partnership with global payments platform Stripe – users can DocuSign and pay using Android Pay, Apple Pay or any major credit card. DocuSign will continue to integrate new electronic payments partners – including Authorize.Net, Braintree and PayPal – in the coming months. Automated clearing house (ACH) payments, recurring payments and other functionality are expected to be available later this year.

Tue
21
Feb
The Editors's picture

Being An Ethical Landlord And Running A Profitable Business Are Not Mutually Exclusive

Being an ethical landlord and running a profitable business are not mutually exclusive

In this opinion piece, Heather Buch, owner of Preferred Northwest Property Management in Eugene, writes a guest blog this week saying that being an ethical landlord and running a profitable business are not mutually exclusive.

By Heather Buch

Many people have a preconceived notion that you must be ruthless and heartless to be a landlord these days.

With reports of landlords jacking up tenants’ rents 100 percent, that perception is easy to validate, especially when it contributes to the displacement of up to 10 percent of students in some elementary school districts. That’s a lot of kids losing their best friends and educational stability to greedy owners who are uprooting their communities.

But such owners don’t represent all landlords.

Mon
20
Feb
The Editors's picture

New Loan Allows Borrowers To Tap Equity From Renovated Multifamily Properties

A new loan program for multifamily properties from fannie mae

Fannie Mae has introduced a new “moderate rehabilitation supplemental loan” that allows multifamily property owners to take advantage of increases in the value of their multifamily properties following significant renovations, according to a release.

"Our new Mod Rehab Supplemental Loan is a great example of providing value through collaboration with our Delegated Underwriting and Servicing (DUS®) Lenders, because together we're always looking for better ways to serve the needs of multifamily borrowers," Hilary Provinse, Senior Vice President for Multifamily Customer Engagement, Fannie Mae, said in the release.

Mon
20
Feb
The Editors's picture

Apartment Management Company Sues Airbnb Alleging It Helps Tenants Breach Leases

apartment management company sues Airbnb

A Denver based apartment management company has sued Airbnb in California and Florida state courts alleging Airbnb assists tenants in breaching their leases by subletting their apartments, according to a release.

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