While the city of Seattle banned them in April, apartment bidding websites like Rentberry and Biddwell are insistent to stay. The service provides rental property owners in major metros across the U.S. the chance to make higher monthly revenue, but comes at a cost. This is why the multifamily industry should stay far, far away from these apartment bidding websites.
As the majority of the country takes a break proposing and passing new rental housing laws and regulations, let’s take a moment to review the rental housing bills that are currently up to bat. From regulations on service animals in Illinois, rental property registration in the city of Portland, and additional homeless grants and assistance in California, the rental housing legislation at this point is a mixed bag. Take a look below at the passed and proposed rental housing laws in your state.
The debate on whether or not to allow pets in rental housing is always ongoing, and there are certainly arguments for both sides. It seems like everyone has their own opinion, and they’re steadfast in their belief. However, as resident pet tenant screening become more advanced, could this new form of verification be the turning point?
Unfortunately, discrimination can easily creep into any industry’s hiring practices. Through the use of subjective or incorrect employment data sources, or inconsistent/nonexistent standards, bias becomes unavoidable. By sticking to these basic employment standards, you’ll be able to avoid upholding discriminatory practices within your hiring process and better protect your company from liabilities.
In the era of ‘Netflix and Chill’ and the binge watch, it’s safe to say that most people are enjoying their television. With so much content out there you don’t have to go far to find representation, and property managers are no exception. While television property managers may be a little quirky, there are some good lessons that can be learned from them.
Although we all wish that summer would last a little longer, the season is steadily coming to a close. School supplies are starting to fill the aisles of every store, and the inevitable return to the normalcy of the academic year is looming. For property managers, this presents an opportunity to market to a specific kind of renter, and possibly fill some vacant properties you may have sitting. College students are taking this time to finalize their living arrangements, and your property could be just what they’re looking for. Take advantage of this new pool of renters by tailoring your marketing strategy to attract students.
When it comes to who you hire, every property (and their residents) deserves the best. But how do you pick out the best of the best among your job applicants? With these three tips you’ll quickly weed out less qualified applicants, and discover your ideal co-workers and team members.
This November, Californians will vote on whether or not to repeal the Costa-Hawkins Act, allowing cities to enact rent control ordinances down the line. Meanwhile tenant activists are also urgently working to secure their own city-wide rent control initiatives on this year’s ballot. It’s an understatement to say that reinstating rent control would not only be disastrous to the rental housing industry, but to California’s affordable housing supply. To put it bluntly: this is why you and your renters should vote ‘no’ on rent control.
Everywhere you go, there are rules. Whether you’re at home or school or the mall, there are guidelines in place that people are expected to follow when present. Our society is structured around rules, and, without them, it wouldn’t be able to function. Your property is no different; when you allow a tenant to fill your vacancy, you expect them to pay the rent on time and respect your property in return. Everyone has their own rules for their rental, but consider these three popular rules.
Technology is a driving force in our society, a simple way for people to connect with timeliness and ease. With a cell phone or a computer, the world becomes your oyster and the sky is the limit. Some apps offer the opportunity for people to exchange goods or services, requiring little more than the touch of a few buttons. You are probably well aware of the home sharing app Airbnb, which allows ‘hosts’ to rent out part or all of their living space to travelers. While the service may be a lucrative option for some homeowners, it’s understandable that landlords and property managers wouldn’t want their tenants renting out a room in their home. But what do you do if you find that your renter is putting your property on Airbnb?