Posted on 27. Mar, 2012 by Marc Courtenay.
The old dream for Americans was to save enough money for a down payment on a home that you could own or partly own by qualifying for a mortgage you could pay off over time. My, how times have changed. Many people I speak with still believe in the old dream.
Posted on 23. Mar, 2012 by Brannan Johnston.
Used in conjunction with credit evaluations and traditional screening methods, rental payment history can go a long way toward filling up an apartment community with qualified renters who pay on time.Resident screening companies love data. To determine whether or not a prospect is worthy of renting an apartment, vast databases are scanned for past purchasing behaviors, job histories, on-time and overdue payments and of course, credit history.
Posted on 22. Mar, 2012 by Leanne Barbat.
Many of our clients are perplexed about what to do with a garage or storage unit rental when they want to terminate the tenancy and receive back possession. Is an eviction required? The answer depends upon whether or not the garage or storage unit falls under the California Self-Service Storage Facility Act. If it does, an eviction is not required. This article is designed to clear up the confusion so you will be able to act appropriately whenever you want to terminate a storage rental lease.
Posted on 19. Mar, 2012 by Mary Girsch-Bock.
The traditional property management model has been to staff your office with leasing agents and they will handle all of the sales aspect of renting the apartment; from the initial screening, the showing, the application, and even move-in details. Yet, today, because of an enhanced Internet presence, management companies are seeing an increased number of people leasing sight unseen.
Posted on 15. Mar, 2012 by Marc Courtenay.
If you’ve been keeping track of the latest news on real estate, home prices, and the inventory of unsold houses you’re confused, encouraged, or perhaps dubious. For example, in Los Angeles, California the average house price is anticipated to drop yet another 7% during the second quarter of 2012 when compared to the second quarter of 2011. The median home price in the second quarter of 2011 was $343,000 according to a CNN report.
Posted on 06. Mar, 2012 by Marc Courtenay.
Every property manager has an opinion on how cooperative or uncooperative their residents are. Most property managers still refer to residents as tenants or renters, and that reality leads to the first of the three ideas to help your residents want to be more cooperative. My first idea (aka suggestion) is to begin to change the way you look at and speak about the residents who are renting the properties you manage and/or own.
Posted on 01. Mar, 2012 by Jamie Sternberg.
California law requires residential landlords to allow small day care providers to operate on residential rental property under certain conditions. To operate legally in residential rental property without the permission or consent of the rental owner, the day care must be limited to six children or less. The children of the day care provider count in that number. The number can be extended up to a total of eight but only if the rental owner consents to the increased number.
Posted on 28. Feb, 2012 by Mary Girsch-Bock.
While part of the selling process for any property manager is to increase visibility and drive more potential applicants into the leasing office, if more applicants than not end up walking out the door without filling out an application; there’s something wrong. Here are some suggestions that will get more of those walk-ins converted to applicants and eventually tenants.
Posted on 24. Feb, 2012 by Mary Girsch-Bock.
When familiarizing yourself with the federal laws, you may want to take a few extra minutes to review your applicable state laws as well. While some of these acts may be more relevant to your particular type of property management business than others, educating both yourself and your staff about these federal (and state) acts and the repercussion of violating them will ensure compliance, which is the most important thing of all.
Posted on 22. Feb, 2012 by Marc Courtenay.
This may be the defining year for catapulting your business to a higher level of productivity and financial rewards. What you’re about to read isn’t “feel-good” filler, but careful extrapolation based on current analysis and careful observations. The positive trend for residential rental income properties has accelerated into the beginning of 2012.
Posted on 20. Feb, 2012 by Bryan Ives.
In this webinar recording, Charity Hisle, an emerging leader within the multifamily industry shares her social media expertise on how to manage your online reputation.
Posted on 17. Feb, 2012 by Bryan Ives.
We were lucky to have Mike Whaling (30 Lines) and Doug Miller (Founder & President of SatisFact) present the results from a national study conducted in order to find out what online renters want.
Posted on 17. Feb, 2012 by Bryan Ives.
Lisa Trosien, Apartment Marketing Expert, provided valuable insight on how to enhance the way you approach the leasing process.
Posted on 16. Feb, 2012 by Jamie Sternberg.
The Carbon Monoxide Poisoning Prevention Act of 2010, also known as SB 183, is effective as to single-family detached residences on July 1, 2011, and all other residential units on January 1, 2013. It requires that residential property be equipped with a carbon monoxide device when the property has an attached garage or fossil fuel (coal, kerosene, oil, wood, fuel gasses and other petroleum or hydrocarbon products that emit carbon monoxide as a byproduct of combustion) heater or appliance or fireplace.
Posted on 14. Feb, 2012 by Marc Courtenay.
Houses in America are “the best value they’ve been in many generations” according to a housing analyst I interviewed recently. He enthusiastically reminded me that this is the time investors can “…pay below-market prices as banks try to unload properties.” This is a reality in every region of the country right now.
Posted on 10. Feb, 2012 by Charity Hisle.
The @ sign is like magic, it is called a Reply or a Mention and is public. When you use the @ symbol before someone’s name (for example: @CharityHisle) you are targeting that update TO that person. Twitter even links to that person’s account to help connect your followers to one another.
Posted on 07. Feb, 2012 by Marc Courtenay.
This apparently is the beginning of a nationwide trend, according to CNNMoney.com. They also reported that more than 4 million homes have been lost to foreclosure over the past five years. That’s a big inventory to add to the existing numbers of unsold homes, and that foreshadows a trend that will be more like a bottoming-out process on home pricing.
Posted on 02. Feb, 2012 by Rob Maday.
Out of the countless ways a conventional landscape can become more “green” and sustainable, we’ve compiled a list of 3 suggestions with the best ROI for property managers.
Posted on 31. Jan, 2012 by Mary Girsch-Bock.
Sometimes it seems as if all property managers spend a majority of their time memorizing various rules and regulations. New employees in particular are always trying to learn basic rules such as “when do we return security deposits, or what account does this deposit go into?”
Posted on 25. Jan, 2012 by Charity Hisle.
In our last post about Pinterest, we discussed why each property management group should have a Pinterest account. But how do you get creative with your account without being too salesy?
Posted on 23. Jan, 2012 by Marc Courtenay.
Believe it or not, there are up to 80 million people between the ages of 16 and 29 who will be filling your vacancies in the year ahead.
Posted on 17. Jan, 2012 by Charity Hisle.
With over 4 million users, Pinterest is now in the top 10 list of social networks! It is a unique (and public) website that allows users to organize and share images and videos from across the web with one another. Think of Pinterest as an online bulletin board!
Posted on 16. Jan, 2012 by Aaron Bosshardt.
Every agent I have has positive feelings about the year 2012. What’s even more shocking is that bank executives I have been talking to are positive for the first time since 2008. If you are a looking to perfectly time a long-term purchase of real estate, then this might well be the year to do it.
Posted on 09. Jan, 2012 by Mary Girsch-Bock.
If you find yourself neglecting the small items, you’ll soon be on the hot seat for more expensive repairs. Building managers can find themselves with a run-down, in-desperate-need-of-repair building a lot sooner that they think.