The record-breaking amount of new apartment construction in the last several years has yielded exactly what economists would predict: rent growth has fallen from double digit highs earlier this decade to below the rate of inflation over the last 12 months. You read that right: average rents are... Continue Reading
Articles
Articles pertaining to operations in the Denver multifamily industry
The Colorado General Assembly passed multiple landlord tenant bills this session. Two of these Bills (The Warranty of Habitability or “WHB” and the Bed Bug Bill or “BBB”) create significant ongoing communication requirements for landlords. The WHB is effective August 2,... Continue Reading
FAST FACTS WITH SCOTT Born & Raised: Front range of Colorado with ties to Chicago Education Background: Inner city kid graduating from East High School attended both University of Northern Colorado and the University of Colorado in Boulder Family / Pets: Two cats (Dreamsicle and Mr. Tuffy),... Continue Reading
As of January 1, 2019, if a Section 8 voucher holder is a good candidate, most Denver Landlords will be required to accept the voucher and cooperate with the Denver Housing Authority (DHA) rules, HUD regulations, inspections and policies. Many Landlords do not accept Section 8 voucher holders, as... Continue Reading
Overall, most tenants are good. They carry out the prime directive by paying their rent on time, and don't bother other folks, including your on-site team. However, if you have been in the rental industry long enough, you almost certainly and unfortunately have encountered the chronic complaining... Continue Reading
“The grass is greener over there” - We have all thought it once or twice; maybe it was about someone we were dating, our jobs, our cars or maybe we have done it with our own apartments. This can make life difficult for those of us responsible for getting current residents to... Continue Reading
A parable is told of Arkad of Babylon. When his son reached adulthood and prepared to journey out into the world, Arkad gave the young man a bag of gold and a clay tablet containing the lessons Arkad had gained in his many years on earth. The son went forth and after ten years of toil,... Continue Reading
By Mark Montini Leadership is arguably the most valuable asset an organization can possess but yet, for some reason, it almost always seems to be in short supply. Countless organizations, both for-profit and non-profit, fall frustratingly short of achieving their full potential due to a... Continue Reading
By Terri Norvell The challenge of running an organization or property full of independent, smart, willing- to-learn people can be a bit overwhelming. After all, many of us jumped into a leadership role without having the benefit of ‘leading’ or ‘managing’ people. We may... Continue Reading
In order for a multifamily developer to be successful, they must approach their target residents where they are. In the past, this meant placing billboards on their route to work or an advertisement on an apartment search site. As technology has radically evolved, digital marketing has changed the... Continue Reading
Most Landlords, Property Managers/Owners and Real Estate Agents are well aware of the federal Fair Housing Act (“FHA”) and its prohibitions against “steering”. With only a few narrow exceptions, Landlords, Property Managers and other housing professionals may not attempt to... Continue Reading
Question I’m a regional vice president experiencing more difficulty holding onto key team members. The economy is returning and offering more external opportunities; in and out of our industry. I believe that people are leaving important team assignments that will lead to promotions. What... Continue Reading