February 2018 - Vol. 10 Issue 2
3. How to Make Apartment Move-In Easier for Tenants and Managers 4. Rents Unchanged in December but Still Up 2.5% Year-Over-Year
5. HUD Charges Landlord With Discrimination Over Veteran’s Emotional Support Dog 6. 7 Pest Preventative Maintenance Steps for Rental Housing
7. The Scoop on How Pet DNA Testing Fixes Your Apartment Poop Problem 9. Liberty Rent Guarantee Partners with GreenPath Financial Wellness
10. Have You Reviewed Your Criminal Background Checks Policy Lately? 11. Do You Know How to Respond to a Sexual Harassment Complaint?
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Is Your Property Ready for an Apartment Open House?
Investment and Management Firm Buys Arizona Apartments
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real estate investment and management firm has purchased Coronado Crosshe maintenance check up this ings apartments, a 320-unit garweek, provided by Keepe, asks den-style complex located on 19 whether you are ready for an acres in Chandler, Arizona for $58 apartment open house at your property million, according to a release.
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and provides a maintenance checklist for property showings. When looking for new tenants, ensuring that a property is in its best possible shape should be at the top of any property manager’s list. Serious prospective tenants will likely be able to look past the smell of freshly baked cookies and notice the property’s functional and structural details to ultimately decide whether a property it’s worth their time and money. The most effective approach for getting a ready for an apartment open house begins with highlighting its best qualities while making sure that those needing work are tended to - and this does not necessarily require expensive or drastic makeovers! The following guide includes the top maintenance jobs that - by improving both aesthetics and essential structural functions - are guaranteed to make every area of your property show-ready.
Landscaping and exteriors
• Hire a landscape professional: a property with a lawn looks best with freshly mowed grass, healthy plants, colorful flowers, neat pathways and well-kept decor (throw out those discolored garden gnomes!) ...continued on page 2
“Arizona is a great market and the City of Chandler has tremendous potential for growth,” Luke Kline, Director of Acquisitions for Avesta said in the release. “We look forward to serving the citizens of Chandler and helping residents of Coronado Crossing live abundantly.” A Tampa-based vertically integrated firm, Avesta creates lasting value to in-
vestors through a resident-focused mission. Avesta plans to fully renovate the property, upgrading all interior units and improving community amenities
for residents to enjoy. Improvements planned for the apart...continued on page 5
The Best Cities to Invest in Apartment Buildings in 2018 By Vinney Chopra
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he best cities to invest in
apartment buildings for 2018 and which markets will provide best returns is the subject of this blog by veteran real estate investor and syndicator Vinney Chopra. He takes a look at the best cities to invest in apartments as many begin to see a softening of rental rates and rising vacancies.
We enter 2018 with a changing environment in multifamily investing, but some of the underlying keys for investors’ success are still there if you look closely. “The biggest challenge is going to be finding attractive places to put new money to work,” Brian Kingston, chief executive of Brookfield Property Group, one of the world’s largest real-estate investors, told the Wall Street Journal. “Investors need to be cautious about the prices they’re paying.”
The Savan Villas, one of Vinney Chopra’s Texas apartment investments.
Add to that the likelihood that interest rates are going to rise this year, and 2018 is shaping up to be particularly precarious. But that doesn’t mean that Brookfield or any of the world’s other leading real-estate investors are going to be sitting on the sidelines this year. Rather,
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they are pursuing an unusually eclectic assortment of strategies spanning a wide range of geographies and asset classes. Start with emerging markets where you see job growth and a favorable local government environment that en...continued on page 8
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