WASHINGTON, D.C.—Apartment markets improved across all areas according to the National Multi Housing Council’s (NMHC) April Quarterly Survey of Apartment Market Conditions. All four indexes – Market Tightness (54), Sales Volume (55), Equity Financing (56) and Debt Financing (59) – came in above 50, which indicates improving conditions. This reverses last January’s findings, where Market Tightness and Sales Volume dipped below 50 for the first time since 2010.

Don’t let TV’s ‘World’s Worst Tenants’ on Spike TV dictate how you manage your properties. Most of us have seen depictions of landlords on TV and in movies as illimitable in their abilities of ridding of delinquent tenants. Landlords who implement the methods that these shows illustrate for entertainment purposes could find themselves in big trouble. It is absolutely against Landlord-Tenant Law to use “force” to evict a tenant.

The Landlord Times Utah is the official publication of Utah Apartment Association and the premier resource for multifamily, rental housing and other real estate professionals.

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The Landlord Times is a leading source for market trends, new and information for landlords, property managers, apartment owners, multifamily investors and other real estate professionals. On-Site is the business journal for the Puget Sound multifamily and rental housing industry.

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It's tax time again. Income taxes are due Monday and real estate taxes are due in a couple of weeks. It's not a particularly fun way to close the week, but here's a discussion of real estate tax trends impacting apartment investors in the Puget Sound region. No, it's not a fun topic, but we wanted to prove Jack Nicholson wrong. You can handle the truth.

The Landlord Times is the business journal for the multifamily and rental housing industry in the Portland Metro Area.

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The Landlord Times is the business journal for the Willamette Valley rental housing and multifamily industry.

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Some investors have a mixed attitude about buying right now, but they are buying anyway. They complain about how high prices are and how low the capitalization rates are. They fear interest rates will increase and that will drive up cap rates. And they are concerned about all the new construction in our market. But in the next breath, they tell us that, in spite of these concerns, they still think apartments in the Seattle metro area make more sense than alternate investment options. So let’s take a look at how this year is unfolding.

Apartment News reaches over 20,000 property management and real estate professionals in Arizona each month. Published in conjunction with Arizona Multihousing Association and The Landlord Times, Apartment News is the business journal for the multifamily and rental housing industry.

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By Law Offices of
Kirk A. Cullimore

ven in good times, some tenants will leave owing money. In tougher times, problems can increase. While every landlord should attempt to avoid risky tenants through effective background checks, it is also important to prepare for effectively collecting if there is a default.

The Greater Salt Lake City multifamily market has continued to strengthen during 2012. Vacancy rates have steadily improved, dropping from 5.3 percent in January 2012 down to 4.2 percent in the third quarter of 2012.
With the market vacancy tightening, average rent growth was 3.6 percent from mid-year 2011 to mid-year 2012. The average rent per unit is now at an all-time high of $802 per unit— eclipsing the average rental price of $771 per unit in early 2008.

The information selected is from the City of Eugene planning department, Multifamily NW (formerly Metro Multifamily Housing Association) 2012 statistics, sales comps and pending sale information. If you need greater details, additional information or have questions feel free to email me at anita@hfore.com or call my direct number in our Portland office, 971-717-6336. It would be my pleasure to answer any questions you might have.

Development for Apartments

Due to a double-digit dip on the typically volatile multifamily side, nationwide housing starts declined 8.5 percent to a seasonally adjusted annual rate of 890,000 units in January, according to newly released data from HUD and the U.S. Census Bureau. Meanwhile, issuance of permits for new-home construction rose 1.8 percent to 925,000 units – the quickest pace since mid-2008.

Can a person’s behavior and values really determine if they will be a future SuperStar for your property management company? If you knew the formula for hiring SuperStars and could cut your recruiting costs in half, would you start today? This article outlines three simple but critical steps for adding structure to your hiring process and raising your level of success.

Strengthening the interview process:

Dear Maintenance Men:
I would like your thoughts on a landscape makeover I am planning. My rental property is ninety percent grass and very boring. I want to cut down on my water consumption and change the current “look” of the property. What do you recommend?
Robert

Dear Robert:

Weaving Stories Together Creates a Living Tapestry

The best practices to guide your property towards success

Washington received $28.7 billion economic contribution from the combined construction, operation and resident spending, says new report “The Trillion Dollar Apartment Industry”

The CoreLogic® SafeRent® Renter Applicant Risk (RAR) Index Report, formerly known as the Multifamily Applicant Risk (MAR) Index Report, provides market-based benchmarks for evaluating credit quality and risk of default for renters applying for apartment homes in multifamily housing units. The index also includes data from single-family rentals. Using a mean of 100, an index value above 100 indicates decreased risk, and a value below 100 indicates increased risk.