Sunday, November 29, 2020

Secondary Market Rents Soar While Primary Markets Plummet

Secondary market rents are growing as rent growth is varying across markets as the divide between gateway and secondary metros continues to increase with...

THE LATEST

Do We Have Any Recourse With Property Management Company Over Tenant Damages?

This week the question for Ask Landlord Hank is about how a property management company deals with tenant damage. Remember Landlord Hank is not an...

Oregon Supreme Court Will Review Portland Relocation Ordinance

The Oregon Supreme Court has granted review of the Owen decision, which relates to landlords’ appeal to invalidate the Portland Relocation Ordinance, according to...

Justice Department Sues Apartment Owners, Managers for Racial Discrimination

The U.S. Department of Justice has filed a lawsuit alleging racial discrimination by the owners, operators and rental agent of several apartment complexes in...

How 2020 Can Positively Affect Your Assets And Rentals In 2021

David Pickron offers some thoughts on how the year 2020, like any challenging circumstance, should cause us to take the time to pause and...

10 Ways Apartment Amenities Have Changed During Covid-19

The truth is that apartment amenities have changed during the COVID-19 pandemic, and they will continue to do so for the foreseeable future so...

Who Are Your Renters, and Who Will They Be In the Future?

Given current market conditions, now is the time to analyze who are your renters and who they will be in the future, recommends John...

Affordable Housing Demand Skyrockets in COVID’s Wake

Affordable housing demand is greater than ever and the pandemic exacerbated a problem that is already approaching crisis levels. By Matthew Davies President Harmony Communities  The affordable...

If Tenants Don’t Keep Bathroom Heat On, Can it Cause Mold?

This week the question for Ask Landlord Hank is about tenants refusing to heat bathrooms and whether it can can cause mold. Remember Landlord Hank...

Renters Now a Majority in 23 Cities, Including Seattle

Renters became a majority in 23 cities over the past decade even as ownership increased, according to a new study by Rent Café. “We looked...

Non-Paying Tenant Submitted COVID-19 Form Now What?

This week the question for Ask Landlord Hank is about a non-paying tenant, who was already a problem, who has now filed a COVID-19 form....

HUD Charges Apartments with Discrimination Against Tenants Who Need Emotional Support Animals

The U.S. Department of Housing and Urban Development (HUD) has charged a Philadelphia apartment owner with discriminating against a person with disabilities based on...

The 5 Best Ways to Deal with Rent Delinquencies Right Now

Landlords and tenants are facing rent delinquencies due to covid-19 so here are some thoughts to help from a veteran property manager. By Justin Becker Property...

MANAGEMENT AND MAINTENANCE

Do We Have Any Recourse With Property Management Company Over Tenant Damages?

This week the question for Ask Landlord Hank is about how a property management company deals with tenant damage. Remember Landlord Hank is not an...

Justice Department Sues Apartment Owners, Managers for Racial Discrimination

The U.S. Department of Justice has filed a lawsuit alleging racial discrimination by the owners, operators and rental agent of several apartment complexes in...

How 2020 Can Positively Affect Your Assets And Rentals In 2021

David Pickron offers some thoughts on how the year 2020, like any challenging circumstance, should cause us to take the time to pause and...

10 Ways Apartment Amenities Have Changed During Covid-19

The truth is that apartment amenities have changed during the COVID-19 pandemic, and they will continue to do so for the foreseeable future so...

Who Are Your Renters, and Who Will They Be In the Future?

Given current market conditions, now is the time to analyze who are your renters and who they will be in the future, recommends John...

If Tenants Don’t Keep Bathroom Heat On, Can it Cause Mold?

This week the question for Ask Landlord Hank is about tenants refusing to heat bathrooms and whether it can can cause mold. Remember Landlord Hank...

Non-Paying Tenant Submitted COVID-19 Form Now What?

This week the question for Ask Landlord Hank is about a non-paying tenant, who was already a problem, who has now filed a COVID-19 form....

The 5 Best Ways to Deal with Rent Delinquencies Right Now

Landlords and tenants are facing rent delinquencies due to covid-19 so here are some thoughts to help from a veteran property manager. By Justin Becker Property...

Seattle Rents Decline Again As Downward Trend Continues

Seattle rents declined 4.2 percent over the past month, and are down sharply by 12.2 percent year-over-year, according to the latest report from Apartment...

Strong Leasing Leads To Increased Apartment Jobs Demand

A resurgence of apartment leasing activity during the third quarter of 2020 yielded a strong demand for skilled professionals, according to the latest jobs...

LEGAL

Oregon Supreme Court Will Review Portland Relocation Ordinance

The Oregon Supreme Court has granted review of the Owen decision, which relates to landlords’ appeal to invalidate the Portland Relocation Ordinance, according to...

HUD Charges Apartments with Discrimination Against Tenants Who Need Emotional Support Animals

The U.S. Department of Housing and Urban Development (HUD) has charged a Philadelphia apartment owner with discriminating against a person with disabilities based on...

Court Orders Property Manager To Pay $585,000 In Restitution

A property manager who added rooms and walls to rental properties without the owners’ consents has been ordered to pay $585,000 in restitution, according...

California Voters Reject Rent Control

California voters rejected rent control In Tuesday’s election by defeating a ballot measure called Proposition 21 that would have rolled back state limits on...

Fair Housing Matters – Landlord Liability for Tenant-on-Tenant Discrimination

Tenants spending more time indoors can mean issues for landlords such as tenant-on-tenant discrimination which attorney Bradley Kraus takes on this month. By Bradley S....

7 Insights for Landlords on the New Federal Eviction Moratorium

Two attorneys recently joined the National Real Estate Investors Association for an online discussion to help landlords and property managers understand how best to...

Landlord to Pay $177,000 to Settle Sexual Harassment Lawsuit

A landlord and his wife have agreed to pay $177,500 to settle a sexual harassment lawsuit charge that the landlord sexually harassed female tenants...

CDC Eviction Moratorium: More Layers to an Already Large Cake

The CDC eviction moratorium and what landlords should know about the complex situation landlord tenant law is in currently Bradley S. Kraus Attorney at Law, Warren Allen,...

How Residential Property Owners Can Protect Renters from Housing Fraud

Residential property owners and managers have a role to protect renters from rental housing fraud and Gina Taylor provides insight on best practices. By Gina...

Multnomah County Extends Non-Payment Eviction Moratorium to Early Next Year

The Multnomah County Board of Commissioners has approved a local extension of the COVID-19 non-payment eviction moratorium, according to a release. The commissioners voted unanimously...

TOP STORIES

 No Guns In My Apartments: Can A Landlord Say That And Put It In A Lease?

“No guns in my apartments” is again a point of discussion as the country struggles with violence around recent demonstrations. How are landlords to...

Can I Say “No Pot In My Apartments” When It’s Legal In My State?

California just became the world's largest legal marijuana market. When pot is legal in a state, what issues does this present to property managers...

Why Is The Internet In Apartment Complexes So Bad?

Sponsored Blog Can A Multifamily Internet System With WiFi Installation Be The Ticket? By Hart Steen An Educational Series for Apartment Owners Part 1 - Modem Service...

Solving The Pet Pee Needs In An Urban High-Rise Apartment

How to solve pet pee needs in the middle of the night when you live in a high-rise apartment can be a real challenge....

The Scoop On How Pet DNA Testing Fixes Your Apartment Poop Problem

Pets are a way of life in rental housing and if you want your rentals fully leased, pet owners are a key tenant demographic...

7 Issues And Answers About Renting To Felons

7 issues and answers about renting to felons that landlords and property managers need to know now that Portland is considering placing rules on...

Legislation Changing in Many States to Make Them Less Landlord-Friendly

Legislation recently passed or pending in many states is making them more tenant-friendly and less landlord-friendly, according to some new research by RentCafe. With Oregon...

The Changing Role of the Property Manager from Handyman to Almost An Attorney

The changing role of the property manager today requires more and more knowledge of ever-changing local city ordinances, state laws and federal rules. By John...

Which Cooktop Is Best For Your Rental Property?

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

A Guide To 4 Types Of Flat Roof Systems

The maintenance checkup this week provided by Keepe focuses on a guide to flat roof systems for your rental property. Flat roofs can offer a clean look...

6 Ways To Trash Your Apartment Waste Management Issues

The maintenance checkup this week provided by Keepe focuses on the challenges of apartment waste management. Whether you manage a single apartment complex or multiple high-rise apartment...

Five Holiday Decorating Guidelines To Give Your Tenants

Five holiday decorating guidelines for your tenants to keep them happy and avoid maintenance issues and damages is this week’s maintenance tip from Keepe. As...

NEWS AND TRENDS

Affordable Housing Demand Skyrockets in COVID’s Wake

Affordable housing demand is greater than ever and the pandemic exacerbated a problem that is already approaching crisis levels. By Matthew Davies President Harmony Communities  The affordable...

Renters Now a Majority in 23 Cities, Including Seattle

Renters became a majority in 23 cities over the past decade even as ownership increased, according to a new study by Rent Café. “We looked...

Portland Rents Continue Decline While Some Metro Rents Grow

Portland rents declined again last month for the seventh straight month, while rent continues to increase in some cities in the metro area, according...

Multifamily Investor CEO Says Phoenix Is Affordable, Tax-Attractive City

Western Wealth Capital recently acquired a 659-unit Tempe apartment complex, its 54th acquisition in the Phoenix market, and CEO Janet LePage discussed the current...

The 20 Healthiest U.S. Rental Housing Markets

Rental housing market fundamentals have remained strong despite COVID-19, and a new study shows the 20 healthiest rental housing markets in the United States. For...

Government Policies Create Conditions for Spread of Rent Regulation

Government policy response to the pandemic has also created the conditions for the spread of rent regulation such as rent freezes and rent cancellation...

Utah’s Economy Recovering Faster Than the Nation’s

Every September the Utah Apartment Association brings together economic experts to present how the rental housing market and Utah economy are doing. The following are...

Affordable multifamily markets in high demand

Since the beginning of the pandemic, rents have only fluctuated by a few dollars each month – contrary to what many in the multifamily...

CDC Issues Guidance on FAQs About its Eviction Moratorium

Some guidance on frequently asked questions about the CDC eviction moratorium has been provided by the CDC, and the National Apartment Association (NAA) has...

Hottest Cities for Millennial Renters

Most millennials are renters, and have been shifting away from the two-kid, white-picket-fence American dream. This means they’re also less likely to get tied...

FROM OUR SPONSOR

1031 Exchange Coming Up? Know the Options Before You Reinvest

By Dwight Kay Founder and CEO at Kay Properties & Investments, LLC If you have a 1031 exchange coming up, you have multiple choices to reinvest...

How Property Managers Can Build a Winning Tenant Referral Program

Nobody can sell your properties quite like your own tenants. Let’s talk about some of the benefits of tenant referrals, some common challenges, and...

Three 1031 Exchange Alternatives

By Jason Salmon Senior Vice President; Managing Director of Real Estate Analytics Kay Properties and Investments, LLC 1031 Exchange Alternative #1 — Utilizing a 1031 exchange...

What Eviction Reporting Codes to STOP Using Now, and a New CDC Eviction Moratorium

The COVID-19 pandemic has thrown everything out of whack, including credit reporting. Creditors have made unprecedented accommodations to help struggling debtors. As a result,...

I am Renting My Property: Do I Need Home Insurance?

By Bernadine Racoma Have you decided that you want to become a landlord? Renting out your property can be a very profitable move, especially if...

Can I Cash-Out a Portion of my 1031 Exchange Proceeds? The Ins-and-Outs of A Partial 1031 Exchange

By Orrin Barrow Vice President, Kay Properties and Investments, LLC Many investors that come to Kay Properties are looking for a full tax deferment utilizing a...

Automating Utility Verification Can Save Landlords Time and Money

How automating utility verification for new tenants can save landlords time and money and be sure tenants have signed up for utilities.  By Naman Trivedi Apartment...

Credit Bureau Report Reveals Pandemic’s Impact on Rental Industry

The COVID-19 pandemic has wreaked havoc on our global economies. Some populations, though, including renters, have been particularly hard-hit. TransUnion recently conducted an intensive...

Grateful To Be Debt-Free: A Client 1031 Exchange Success Story

Grateful to be Debt-Free: Kay Properties Helps a Client Stay Debt-Free in their $1million 1031 Exchange into DST Properties for Sale Kay Properties is proud...

Looking for DST Properties for Sale? See Our 1031 DST Marketplace

If you are looking for DST properties for sale, here is why a comprehensive 1031 DST marketplace is imperative for 1031 exchange investors. By Orrin...