4 Inexpensive Amenities Millennials Really Want

Written by Apartment Management Magazine on . Posted in Blog

By Becky Bower | ApplyConnect

When you see articles within the multifamily industry talking about the amenities millennials want, you see smart locks, partnerships with urban coffee shops, and free yoga classes… but do all millennials really want these things? While most renters (millennials or not) wouldn’t mind living closer to their favorite coffee shop, after interviewing renters across California, I’ve found that ‘Generation Yers’ might not have as expensive tastes as the industry thinks. In fact, millennials are quite interested in finding a home with inexpensive amenities.

Rent Control and Relocation Fees: September Rental Housing Legislation Threatens Industry

Written by Apartment Management Magazine on . Posted in Blog

By ApplyConnect

The time has come for our quarterly legislation update! With this September’s rental housing legislation carrying bills that threaten rent control, relocation fees, and game changers regarding eviction records, there are quite a few bills you should be following.  As we’ve seen with rent control and ban-the-box legislation this past year, it is easy for a bill in one state to become a popular trend for other states. Take a look below at what September has in store for rental housing legislation.

Learn The Benefits of Housing Choice Vouchers at LA Buildings Expo

Written by Apartment Management Magazine on . Posted in Blog

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The federally-funded Housing Choice Voucher Program provides monthly rental assistance to very low income tenants provided through the local county or city Housing Authority. Known as Section 8, there are common misconceptions about this program and tenants that prevent property owners from taking advantage of the financial incentives and support programs available. For example, did you know most Section 8 tenants live in the same unit for an average of 7-8 years? These tenants come from all walks of life, are often elderly or disabled, and 33% are wage earners!

California Association of Housing Authorities (CAHA) Sponsors LA Buildings Expo

Written by Apartment Management Magazine on . Posted in Blog

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Did you know property owners and managers have developed long-lasting, highly successful and rewarding relationships with local Housing Authorities. They’ve discovered that making Housing
Authorities part of their business plan directly benefits their businesses.   For example, they appreciate the regular inspections, helping with facilitating smoother leasing and renewals, guaranteed rent deposit programs, support of the Housing Authority staff when tenants fall behind on rent, and monetary incentives.  

ARE YOU PONDERING CASHING IN ON YOUR REAL ESTATE INVESTMENT?

Written by Apartment Management Magazine on . Posted in Blog

By Karla Dennis, E.A.

With the real estate market being better than it has been in a long time, many of you may be considering selling your real estate, doing a 1031 exchange or converting a rental to a primary residence.  Whichever decision you make, here is an outline of some of the key considerations to think about when pondering the idea.   Buying , operating and selling a rental property can have profound tax ramifications.

Probiotics for Property Plumbing – Nature’s Cleaning power

Written by Apartment Management Magazine on . Posted in Blog

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DRAMATICALLY REDUCE MAINTENANCE COSTS BY USING MEGAMICROBES!

A common challenge for multi-resident, multi-story buildings is the frequency of plumbing repairs needed to keep waste water flowing freely out through drains, pipes, and outflow stacks. This problem can be especially acute in residential complexes where fats, oil and grease from in-home cooking accumulate all the way from kitchen drain traps to the common ground level drains.

Additional deposits of soap, hair, and other waste residue from bathroom showers, tubs, sinks and toilets add to the ongoing problem. Typically, this issue is dealt with as a maintenance budget line item for both plumber snaking at the unit level and the much more expensive jetting service applied to the inside of the common vertical outflow pipes, known as stacks. The annual cost for these services can easily top $10,000 or more, even in a modest-sized building with less than 100 units.

THERE’S A BETTER WAY!

Your Credit Reports Have Changed as of July 1, 2017

Written by Apartment Management Magazine on . Posted in Blog

By Becky Bower | ApplyConnect

The National Consumer Assistance Plan (NCAP) is now in effect! As of July 1, 2017, all new and existing public record data used by Experian®, Equifax®, and TransUnion® will be held to the new NCAP standards. While the implementation of these standards will occur over a three year period (with full implementation expected by March 2018), the three major credit bureaus have begun to take steps to improve data accuracy and quality.

What is the National Consumer Assistance Plan (NCAP)?

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