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Why Property Owners Should Consider Micro-Apartments

Why Property Owners Should Consider Micro-Apartments

Posted on 25. Apr, 2013 by .

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For the longest time, property developers have had a “the sky’s the limit” mentality when it comes to building new rental properties to keep up with America’s rapidly increasing population. That mindset is beginning to change now with the emergence of micro-apartments.

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Spring Is Finally Here

Spring Is Finally Here

Posted on 23. Apr, 2013 by .

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Spring is finally here. If you’re in a cold climate, it’s likely you haven’t spent much time outside. But once the snow melts and the ground is visible again, you’ll likely spot some areas that have become weathered from the elements. With the last freeze likely over, now is the time to get outside and take a good long look at your properties.

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Rising Rents Are Hot But Facts Show They’re Cooling Down

Rising Rents Are Hot But Facts Show They’re Cooling Down

Posted on 19. Apr, 2013 by .

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Single family housing rents rose once again in the first quarter of 2013. Yet signs are beginning to reveal themselves that the seemingly endless months of rising rents may be coming to an end. The reasons are numerous but the biggest is a marked increase in the supply of rental units.

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Embrace Apartment Rating Sites

Embrace Apartment Rating Sites

Posted on 11. Apr, 2013 by .

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For years now, restaurants and other service providers have used Yelp as their local review site. They’ve learned how to not just take the good reviews with the bad reviews, but also figure out how to manage those bad reviews so that people will still trust them and try them out.

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Housing Rebound Continues Unabated With New Home Sales Soaring

Housing Rebound Continues Unabated With New Home Sales Soaring

Posted on 05. Apr, 2013 by .

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Believe it or not the housing industry is making a stellar comeback. After a collapse in residential construction during The Great Recession which began in 2008, new home construction is leading the housing recovery. The Commerce Department reported on March 19, 2013 that housing starts rose in February to a seasonally adjusted annual rate of 917,000.

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Why Property Managers Should Use Google+

Why Property Managers Should Use Google+

Posted on 01. Apr, 2013 by .

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Yes, I heard your collective sigh of frustration when you read that title. Yes, I know that every day seems to bring another form of Internet marketing that you just “have to” be using. But trust me when I say that this one is different. Who hasn’t heard of Google by now? Probably even people living under rocks have used Google to find out exactly what type of rock that is overhead.

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Love Thy Neighbor (Infographic)

Love Thy Neighbor (Infographic)

Posted on 28. Mar, 2013 by .

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According to the State of the American Neighborhood survey by Nextdoor, a third of Americans don’t know their neighbors by name. Does knowing your neighbors create a safer home environment?

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Always Get It In Writing And In The Lease

Always Get It In Writing And In The Lease

Posted on 26. Mar, 2013 by .

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Sometimes the owners of rental properties are too trusting for their own good. You, as the property manager, undoubtedly know what I’m referring to. But that’s why the owner hires you to begin with. They don’t want to have to deal directly with the resident-tenant, right? For this article I wanted to share a true story that demonstrates why it’s imperative to protect your clients from situations where the resident says something like, “We don’t need it in writing. I have great references and my word is as good as any document.”

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Do You Appreciate Your Tenants?

Do You Appreciate Your Tenants?

Posted on 21. Mar, 2013 by .

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As property managers, we’re all aware of the multitude of issues that frequently arise with unreliable tenants. Late rental payments, disturbing the peace, illegal activity, and a general disregard for the property are all problems that typically arise in the property management industry.

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How to Survive an Audit

How to Survive an Audit

Posted on 19. Mar, 2013 by .

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They’re the words that strike fear in most of us. “You’re being audited.” First, don’t panic. Many IRS audits are simple requests for information that you can provide by mail. Providing the information requested on a timely basis typically satisfies the IRS.

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Developers Help Buyers Qualify and Home Sales Soar

Developers Help Buyers Qualify and Home Sales Soar

Posted on 13. Mar, 2013 by .

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The home-buying market is on fire, especially for newly built houses. New home sales surged almost 29% in January compared to January 2012. This is the highest annual sales rate in four years according to figures released by the Commerce Department on Tuesday, Feb. 26th. Existing home sales also rose in January 2013 by 9.1%. Ironically, even though new houses (new construction) cost buyers approximately 37% more for the same square footage as previously owned houses, it’s the new homes that are selling at the hottest pace.

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Processing Security Deposits Part II

Processing Security Deposits Part II

Posted on 06. Mar, 2013 by .

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You’ve done your homework. The condition of every unit or home you rent is carefully documented, with pictures to support your findings. The tenant lease clearly states what your tenant is responsible for, and they have read and agreed to the responsibilities listed. Your tenant signed off on the list, and any subsequent problems found during the walk-through were addressed and noted on both copies of the move-in sheet.

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Adequate Insurance for Landlords and Property Managers

Adequate Insurance for Landlords and Property Managers

Posted on 27. Feb, 2013 by .

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With all the media hype about the so-called looming fiscal cliff, it’s a good time of the year to remember how to avoid financial disasters and to do what we can to prevent losses. Property Managers with experience know how costly the process of eviction can be, as well as the expense of repairing damaged rental units that have been “trashed” by destructive former residents.

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Pinterest For Property Managers (Webinar Recap)

Pinterest For Property Managers (Webinar Recap)

Posted on 25. Feb, 2013 by .

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On February 14th we co-hosted a webinar with Grace Hill, featuring Charity Zierten (Socially Engaged Marketing), a leading expert on social media for property management. In this webinar video recording, Charity shares her perspective on how to successfully use Pinterest for your property management business.

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Processing Security Deposits Part I

Processing Security Deposits Part I

Posted on 20. Feb, 2013 by .

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Security Deposit processing continually challenges property managers across the country. In theory, this should be one of the easier things that property managers are required to do. The tenant provides management with a security deposit that will be held during the life of the tenancy.

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How to Reduce Carbon Footprint Tips for Property Managers

How to Reduce Carbon Footprint Tips for Property Managers

Posted on 14. Feb, 2013 by .

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While there are several long term investments you can make to reduce your carbon footprint such as installing low flow toilets in each apartment, or xeriscaping the lawn to reduce water consumption, there are several easy, inexpensive things you can do to conserve energy and leave the environment just a little bit cleaner and your carbon footprint a little bit lighter.

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America On The Move (Infographic)

America On The Move (Infographic)

Posted on 07. Feb, 2013 by .

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According to the Geographical Mobility 2012 report by the United States Census Bureau, Americans are finally relocating after record low numbers in 2011. So what finally got them to pack up and move out?

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Insurance: A Must-Have or No Go?

Insurance: A Must-Have or No Go?

Posted on 05. Feb, 2013 by .

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Some days it feels like companies are pushing for every kind of insurance, and it’s hard to imagine shelling out any more of your hard-earned dollars for something you’re not sure you need. But at the heart of it all, insurance is about one thing: Protection.

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As Goes Housing So Goes Property Management

As Goes Housing So Goes Property Management

Posted on 30. Jan, 2013 by .

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It seems like every month we’re reading or hearing about the resurgence in home sales and prices. I’m confident that in most regions of the country the bottom has been established for the housing market, yet it’s good to see more clues (data) that confirm that the housing bust is over for now.

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Raising Rents Without Raising Turnover (Webinar Recap)

Raising Rents Without Raising Turnover (Webinar Recap)

Posted on 25. Jan, 2013 by .

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We co-hosted a fantastic webinar with Grace Hill titled “Raising Rents Without Raising Turnover” featuring Doug Chasick, the Apartment Doctor. Along with being a great educator, Doug has years of property management experience in the multifamily industry and we were fortunate to have him as our featured presenter.

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A Property Managers Dream: An Expanding Number of Rental Houses

A Property Managers Dream: An Expanding Number of Rental Houses

Posted on 22. Jan, 2013 by .

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It’s official! Home prices are on track to have their first yearly gain since 2006. This would make it the strongest year of price growth since home prices began to plunge, reaching their nadir in 2009.

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Apartment Living In The Future (Infographic)

Apartment Living In The Future (Infographic)

Posted on 17. Jan, 2013 by .

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Renting has become an economic and lifestyle choice for more than half (57%) of those under the age of 34 and 46% of those under the age of 45. The United States population seems to favor apartment living, and according to the National Apartment Association (NAA), this trend will continue for many years to come.

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Leasing Best Practices for Property Managers

Leasing Best Practices for Property Managers

Posted on 15. Jan, 2013 by .

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Leasing up your apartment community can be challenging in the best of time. But for smaller property management companies or those managing smaller properties, it can become even more difficult to compete with larger companies with a more robust marketing budget.

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Meetings Between the Resident and the Owner: More Cons than Pros

Meetings Between the Resident and the Owner: More Cons than Pros

Posted on 11. Jan, 2013 by .

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This thoughtful topic came to my attention as I was reading the PropertyManager.com discussion page at LinkedIn. My first reaction was, “Wouldn’t it be nice if we lived in a world where these kinds of people-to-people discussions could be mutually beneficial and rewarding.”

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