• Getting inside multifamily's utility management operation

    • 2016-06-01
    • Wendy Broffman

    "In many states we're seeing an increase in the trend to mandate submetering for any residential and commercial new building construction. Around eight states already have the law in place, up from around three states five years ago," said Martin Levkus, VP and general manager of YES Energy Management, Inc., one of four Santa Barbara-based Yardi, I


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  • MHP Reflections

    • 2016-06-01
    • Linda Hoffman, Publisher

    Andy Andrews, the son of a music minister and a church organist, wrote a best-seller a number of years ago called, quite simply, The Noticer. You may be more familiar with his book subsequently made into the movie, The Butterfly Effect.

    Andy, a 'Bama boy, lost his mother to cancer and his father in a car wreck shortly thereafter at the a


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  • Charging into the future

    • 2016-06-01
    • Peggy Shaw

    The electric vehicle charger, product of the transportation revolution, is an amenity residents are requesting in ever-greater numbers.

    Three companies that provide those chargers to multifamily-SemaConnect, ChargePoint, Inc., and EverCharge-all operate under different business models, but share the belief that EVs are good for the envir


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  • Build that community

    • 2016-06-01
    • Lisa Benson

    Until recently, this was the gospel truth for the national real estate space, but a few leasing professionals are breaking from the pack and generating intentional disruption to business as usual. This new crop of innovators hope to change the leasing and management models that have spanned generations.

    "Today asset and management execut


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  • Bracing for a storm

    • 2016-06-01
    • Derek Merrill, COO of LeaseLock

    The vestige I want to specifically address is risk assessment and underwriting of lease agreements in the multifamily industry, or more simply, the process for approving a renter for an apartment.

    You see, unlike many other industries that have embraced financial technology and the modern big data era-car insurance (Metromile) or online


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  • The silent crisis

    • 2016-06-01

    Terwilliger moderated a panel of distinguished experts discussing how housing needs to become a higher national policy priority, why national policy must change to meet modern realities, and how real estate developers can work creatively with the public sector to help meet the nation's housing needs. Panel members were former U.S. Senator Scott Bro


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  • Background check policies for apartment applicants may be illegal

    • 2016-06-01
    • Bendix Anderson

    "A policy or practice that denies housing to anyone with a prior arrest or any kind of criminal conviction cannot be justified," according to guidance issued April 4 by Helen Kanovsky, general counsel for the U.S. Department of Housing and Urban Development (HUD).

    Apartment building owners and managers are scrambling to understand and co


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  • Age of Aquarius, 2.0: smart drugs in the workplace

    • 2016-06-01
    • Carl Cederstrim

    This scenario may not be hypothetical for long. The unauthorized use of prescription drugs such as the ADHD medications Adderall and Ritalin and the narcolepsy drug Modafinil is now common among American university students. They use these drugs not to escape work and avoid responsibility but to be able to work more and better.

    Up to 20


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  • Affordable housing crunch moves inland to modest-sized U.S. cities

    • 2016-06-01

    While soaring real estate prices and ludicrous rents have ceased being news in places called Pacific Heights or Park Slope, the dual tsunamis of gentrification that submerged both coasts are moving inland, threatening small and midsize U.S. cities where the idea of spending half of your pay on rent was once inconceivable. No more.

    Since


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  • Rebuilding housing on a strong foundation

    • 2016-06-01
    • Douglas M. Bibby and Robert E. DeWitt

    The conservatorship used taxpayer money to shore up these part-public, part-private entities, which accounted for roughly two-thirds of both single-family and multifamily mortgage markets. Desperate times called for drastic measures.

    But it was designed to be a temporary solution, an interim fix to prevent economic Armageddon while a mor


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  • A perfect affordable housing storm

    • 2016-06-01
    • Patrick Sisson

    Beyond the frightening amount of money the average renter pays the first of every month, the truly scary part of this situation is that the math actually adds up. This steady rent increase is the rational result of a series of economic trends that have made this moment unique in the history of American housing.

    "We typically measure affo


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  • Millennials and retirees drawn to luxury rentals, and developers respond

    • 2016-06-01
    • Amy Hoak

    Much of the new rental apartment stock that hit the market last year was of the high-end, luxury variety-and that trend doesn't appear to be slowing down, according to a new report.

    In 2015, 75 percent of large, multifamily rental developments completed were classified as high-end, according to a report from RENTCafe, a national apartmen


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  • Has the apartment market hit the inflection point?

    • 2016-06-01
    • Barbara Byrne Denham and Victor Calanog

    But there is much concern that developers have been adding too much inventory, flooding some markets with new supply. This will inevitably raise vacancy rates and exert downward pressure on rent growth.

    In fact, new supply has exceeded demand for eight of the last nine quarters. This trend was most pronounced in the last quarter of 2015,


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  • Signs you may be a toxic colleague

    • 2016-06-01
    • Heidi Grant Halvorson

    The research paints a very different picture, namely that most of the time there is remarkably little overlap between how other people see us and how we think we're coming across. (There are lots of good reasons for this disconnect-it has to do with how difficult and subjective perception is.)

    Assuming you would prefer not to be hated by


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  • The Closer

    • 2016-06-01
    • Richard A. Epstein

    There is little doubt that income inequality is one of the great issues of our time. A new front has opened in the battle over whether the richer and the poorer should have differential access to various forms of common facilities.

    The New York Times recently ran a front-page exposă of segregation by wealth in the booming cruise business


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