Rental Housing Journal Colorado
October 2015 - Vol. 7 Issue 10
2. Winter is Coming! 6. Dear Maintenance Men
www.rentalhousingjournal.com • Professional Publishing, Inc
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Monthly Circulation To More Than 7,000 Apartment Owners, Property Managers, On-Site & Maintenance Personnel
Prepare Rental Properties For The Winter Season
2Q15 Market Overview Multifamily Housing Update Denver, Colorado
Payroll Job Summary Total Payrolls Annual Change 2015 Forecast 2016 Forecast 2017 Forecast 2018 Forecast Unemployment (NSA)
1,383.2m 42.0m (3.1%) 42.5m (3.4%) 34.2m (2.5%) 32.6m (2.5%) 31.3m (2.2%) 3.8% (July)
2Q15 Payroll Trends And Forecast The pace of payroll job growth decelerated during the second quarter, declining from 1Q’s blistering 15-year high 50,900-job, 3.9% year-on-year performance to a 42,000-job, 3.1% pace. Weakness in the oil and gas sector was probably at the bottom of it as headcount growth in the related wholesale trade, transportation and business service sectors declined from 4Q14’s peak 12,250-job, 3.5% annual rate to a 4,900job, 1.4% pace. Otherwise, job creation rates carried on at a brisk clip, most notably in construction, tech services and health care. Seasonally-adjusted payroll and CPS data suggest a more significant slowdown. The former recorded only a 100job sequential quarter payroll job gain
By Scott Matthews, Director, Strategic Accounts, The Home Depot
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all is a great time to prepare properties for the colder months ahead, which may help prevent or offset costly repairs and high utility bills caused by harsh winter weather. Before winter hits, take steps to ensure that the property is ready for the elements with this must-have checklist. 1. Stock up. Property managers – especially those handling procurement – should prepare for colder months by
purchasing winter products, such as salt and ice melt, in bulk before the season changes. Buying in bulk not only saves time and money but also gives property managers peace of mind as they look ahead to potential extreme weather.
As a best practice, ensure exterior seals are strong where building materials meet, like where siding stops and brick begins. Encourage tenants to notify of any drafts or noticeable gaps in their units to prevent soaring utility bills.
2. Seal gaps. Thoroughly examine roofs, siding, doors and window frames for damage and drafts. Repair damages immediately and seal around doors and windows with caulking, weather stripping, or a door sweep to help keep warm air in and cold air out.
3. Protect pipes. Install heat cables and pipe insulation to prevent freezing pipes as temperatures drop – espe-
5 Lessons For Winter Property Survival
we have all seen it. With that said, there are some properties that seem to escape the inevitability of decay, waste, and death. So, how do they do it? Are they special in some way? What are those operators doing to extend the life of those properties, or, at least, lessen the effects of time in order to retain value? These operators understand the following 5 lessons and keep them at the top of their preventative maintenance approach.
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Lesson One: Gutters and drains are key.
s Darwin concluded, “It’s the survival of the fittest.” If we hope to preserve our property over the long term, there are simple truth’s we must accept and actions we must
take in order to ensure the viability and value of the physical assets under our stewardship. The simple truth is that as soon as a property is built, it begins the process of dying. It’s a harsh truth, but
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When gutters, downspouts, and ground drains are neglected, they begin killing your buildings. These compo...continued on page 7