My properties have electric baseboard and wall heaters, which many tenants don’t like because of high energy bills. Is there an inexpensive upgrade option?

The Institute of Real Estate Management (IREM®), strongly committed to legislative advocacy, helped to generate significant legislative results in 2012 of benefit to its members, other commercial real estate professionals and allied interest groups. Among the most notable of these victories, some achieved in collaboration with the NATIONAL ASSOCIATION OF REALTORS® (NAR) and other groups, are these:

Lease Accounting

Recently I caught myself contemplating the importance of signs. Whether it’s to draw our eye to a new place of business, (Harry’s Hamburger Joint – Grand Opening!) remind us of a political candidate (Vote for Honest Abe!) or tell us what to do when we are driving, (merge, yield, slow, STOP!!), signs are everywhere, vying for our attention.

Dupre & Scott released their weekly report last Friday entitled "Linkin' Silver Linings to the Apartment Investment Playbook" In this report they focussed on 5 key investment trends for multifamily properties sales of 5 or more units in King, Pierce and Snohomish counties (WA).

Why is it important to clean your chimneys and dryer vents and how often should this be done?

Chimneys:
The smoke of any wood-burning firplace is vented through the passage-way of a chimney called a flue. This is true opf brick chimneys or the newwer metal pipe chimneys. This smoke combined wit a chemical reaction caused by the burning leaves a residue on the inside of this passage called creosote. This creosotc is flammable and dangerous it becomes.

PCPM’s Ultimate Disaster Vigilance

This issue of the Barry Apartment Report is based on the recent speech given by Mark D. Barry, MAI, Apartment Appraiser, with research and professional contribution from Patrick O. Barry, Appraiser Assistant and Phillip E. Barry, Apartment Broker.

Thanks to our February Sponsors!

3 D Roof Systems
Al's Towing & RV Storage
All Surface Works
American Pool Supply
Apartment Advantage
Axis Roof & Gutter Cleaning
Capital Insurance Group - CIG 
CHASE
CNI Locates
Commercial Brokers Association CBA
Doors, Inc
Dryer Vent Solutions
Extreme Steam Carpet Cleaning
Fischer Plumbing Co
Hainsworth Laundry
Hanis Irvine Prothero
Interland Design

Dupre & Scott released a very interesting report on Puget Sound area apartment cap rate trends today. Read the report on "busted knee caps" here or watch the video below.

The Landlord Times Metro edition is the business journal for the multifamily and rental housing industry in the Portland Metro Area. The Landlord Times Metro is published in conjunction with Multifamily NW, Rental Housing Association of Greater Portland, IREM and Clark County Rental Owners Association.

Thank you to our sponsors!

Apartment Advantage
Appliance Warehouse Of America
Beaverton Signs

The Landlord Times Valley edition is the business journal for the multifamily and rental housing industry in the mid and lower Willamette Valley. The Landlord Times Valley is published in conjunction with Multifamily NW and Lane County Rental Owners Association.

Thank you to our sponsors!

Capital Insurance Group - CIG 
Coin Meter Company
JOHN’S WATERPROOFING COMPANY
Mac - Gray Corporation

Click onthe previews below to download free, printable versions of ourpublications. (Requires Adobe Reader)

2013 Utah Apartment Assoc. Membership Directory & Industry Guide. Find UAA management and vendor members on-line. Compatible with most mobile devices.

Dupre & Scott released a report today about the cost of new apartment construction in King County, WA. In 2012, investors paid an average of $203/ rentable sq ft for multifamily units.

Apartment News is the monthly journal for apartment owners, investors, property managers and other real estate professionals in Arizona. Featuring articles and reports regarding property management and investing, AN is published in conjunction with Arizona Multihousing Association.

“Premises Abandonment” is assumed when the rent is 15 days past due, the renter has not notified you that he or she will be gone, and there is no evidence they are there except that their possessions are still there.

Establishing a Smoke-Free Policy in an apartment community is becoming a growing trend with landlords in Washington and across the country. Property owners find this kind of policy is good for business and a clear win-win, lowering costs and risks for an owner and providing a healthier, safer, greener environment for happier residents.

Over 1,500 people attended the 28th Annual TRENDS Education conference and Trade show.
TRENDS is “THE” largest and oldest Northwest rental housing management and ownership education conference and trade show.
See the TRENDS website at www.trendsnw.com.
The 28th Annual TRENDS was held December 11th at the Washington Convention Center, Seattle. TRENDS is the longest running a continuously produced event at the Washington State Convention Center.

Seattle - Apartment Insights survey shows rents flattening after three quarters of impressive gains, and SR 520 tolls negatively impacting some Eastside submarkets, reports Tom Cain of Apartment Insights. The data are from his Seattle firm’s 4th quarter statistics and trends on 50+ unit properties in the King/Snohomish market.

VACANCY: 4.75%
The vacancy rate for conventional, stabilized 50u+ properties in the King/Snohomish market is 4.75%, down from 4.85% last quarter, and 5.25% a year ago.

From the start of 2012 Salem-Keizer has continued to experience a decrease in vacancy rates.
The vacancy factor has adjusted from a low of 2.95% in 2007 to a high of 6.13% in 2010 back to 3.07% by fall of 2012.
Average rent in Salem-Keizer for a 2 bedroom 1 bath unit with no amenities built 1990 or newer is $678.00.
Likewise average rent in Salem-Keizer for a 2 bedroom 1 bath unit with no amenities built after 1990 is $601.00.
Landlord concessions have decreased.