Rental Housing Journal Arizona
April 2018 - Vol. 10 Issue 4
2.
Toys R Us Downfall Reiterates Changing Retail Climate
5.
Renters Feelings about Buying Diminish as Rates Climb amid Tight Inventory
9.
3.
Confused Over Service, Assistance and Emotional Support Animals?
6.
Apartment Amenity Company Partners with Denver Property Manager
11. How Your Terms, Conditions or Privileges Could Mean Discrimination
20 Easy, Affordable Maintenance Projects to Update your Rentals
7.
Millennials Spend about 45 Percent of Income on Rent Before Age 30
New Apartments Feature Innovation in Design in Washington, DC
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A How Important is the Front Door to your Rental Property?
T
he look, feel and features of a rental property’s front door are more important to tenants than landlords and property managers might think.Front door material and look is the maintenance checkup from Keepe this week. The front door is one of those subtle elements that can actually make a big difference to the overall feel of a property. Experts point out that a property’s front door can actually be responsible for significant fluctuations in the value of the property. Potential tenants will likely take notice of a damaged, flimsy or olderlooking entryways. They could interpret this as a sign of lack of upkeep for the property or concern for the well-being of tenants. Additionally, a damaged front door can make it easy for burglars to identify a certain property as one that they could successfully break into. Pros and cons of front door material for your rental property Purchasing a brand new front door is not be a routine expense. So if you are thinking of replacing old doors or upgrading doors on your property, ...continued on page 10
Phoenix, Denver, Seattle, Top Hot Spots for Apartment Jobs
partment jobs listings jumped up 18 percent in February over January, according to the apartment jobs report from the National Apartment Association Education Institute. The increase in the number of apartment job listings in February certainly involves some seasonality factors as 2018 hiring plans took firmer hold, according to Paula Munger,
Director, Industry Research and Analysis, for the National Apartment Association (NAA). Phoenix Denver, and Seattle maintained spots in the top three metro areas for apartment jobs as a percent of the entire real estate sector, signaling increasingly competitive job markets where qualified candidates have plenty of choices, she said. Construction manager positions
took the longest to fill, at 44 days, as the construction sector overall has experienced a long-term labor shortage. By contrast, owners and operators looking for administrative positions can typically fill these jobs in less than a month. This month’s snapshot focused on the leasing consultant position, with job postings across the country showing a ...continued on page 8
10 Things to Consider Before Investing in a Pool for Your Rental by Keepe
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roperty managers and renters may view a pool for your rental property as an appealing feature that can de help attract new tenants and keep current tenants happy. But pools also come with a maintenance price tag and that is the maintenance checkup from Keepe this week. Building a swimming pool on-site may not always be a good option so there are some issues to consider. Here are 10 things to consider before building a pool for your rental property. 1. A pool for your rental can be dangerous Pools can represent a serious and potentially deadly danger for those who do not know how to swim, especially children. Making a pool available to residents will require implementing effective safety measures to eliminate the danger of accidental falls or easy access for unsupervised children. 2. Safety is necessary but expensive A property owner and/or manager can be held liable for injuries caused by negligence. Implementing safety measures will be necessary, and those
measures will come with a price tag. From building fencing and a lockedgate system to hiring a seasonal lifeguard, expenses should be expected. 3. Return on investment is not ideal
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In most cases, building a pool for your rental property is an expensive project. While it can raise an estimated five percent to a property’s value, you ...continued on page 4
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