• Landlords rule

    • 2012-06-05
    • PEGGY SHAW

    "We are riding a monster wave that has a long way to go before getting to shore," said Camden Property Trust CEO Ric Campo in his introduction to the apartment REIT's Q1 2012 conference call.

    "Strong operating fundamentals continue to be driven by broad macro factors, pushing more consumers into rental markets. Sixty percent of the new jobs are g


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  • MHP Reflections

    • 2012-06-05
    • Linda Hoffman, Publisher

    I sometimes wonder if landlords aren't single- handedly holding this economy together. And after reading Peggy Shaw's cover story, "Landlords Rule," on page 38, I would almost bet the farm that we do.

    Except that the farm isn't worth a whole lot right now, so I'll hold the wager to myself. Strong fundamentals, constrained supply and the lion's sh


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  • Dog DNA service helps apartments catch poop perps

    • 2012-06-05
    • Bob Shaw, pioneerpress.com

    "It's kind of like the 'CSI' of dog ownership," said Trongard, marketing director of the company that manages Rosedale Estates North, a 180-unit apartment community in Roseville, Minn.

    Most are familiar with DNA testing from the popular "CSI" TV show, in which the genetic material at a crime scene identifies the bad guys. In real life, DNA eviden


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  • Lessons of time

    • 2012-06-05
    • Ken Byron, The Hartford Courant

    Metro Realty announced changes to the plans during a public hearing on the project in May, but they didn't appear to satisfy many who came to oppose the project.

    A petition signed by 1,343 people opposing the plan was presented and speakers urged that the proposal not be approved.

    Speakers described the area around the school, dominated by sing


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  • Spycatcher: An ex-FBI agent on deception, espionage, interrogation, and reading people

    • 2012-06-05
    • Joe Navarro, former FBI counterintelligence agent, and author of What Every Body is Saying.

    Perhaps she learned it from her mother or perhaps from her classical training in ballet, but she instinctively read my body language and used that to communicate back to me. There hasn't been a day that I haven't used this to help me understand others.

    While most literature on body language is inordinately fixated on the face, I think it worthwhi


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  • Smokers face rental hurdles

    • 2012-06-05
    • Elizabeth A. Harris, nytimes.com

    One category, however, turned up very lean results: apartments that advertised they allowed smoking with an enthusiastic "welcome" or even a tepid "O.K."

    In all five boroughs, there were only four.

    "If you're looking for a place that officially allows smoking, your numbers are going to go way, way down," said Mike Salvo, an agent at Citi Habita


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  • The case for green rentals

    • 2012-06-05

    Located in the city of Rome, this new, energy-efficient, 10-unit public housing project is expected to earn LEED for Homes certification at the Silver level-a first for a project of this type in Georgia-as well as Energy Star and Enterprise Green Community Certification.

    Funded through an American Recovery and Reinvestment Act competitive g


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  • Are you a closer?

    • 2012-06-05
    • Steve W. Martin

    Dominance is gaining the willing obedience of the customer. The customer listens to your opinions and advice, internalizes your recommendations, agrees, and when you close the sales call, follows your course of action. Your personality greatly influences the way in which you establish dominance during sales calls.

    No where during the sales proces


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  • Building the braintrust

    • 2012-06-05
    • A letter from Mary Nitschhke, UMA president


    The future of utility management in our industry is abundant in opportunity, yet fraught with challenge. Collaboration is critical as we move forward, and that's why I'm proud to serve as president and chairman of the inaugural Utility Management Advisory (UMA) Board, specifically focused on the multifamily industry.

    UMAdvisory is an industry


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  • Young blood

    • 2012-06-05
    • WENDY BROFFMAN

    Carroll acquired a diverse skill set early on. He built single-family homes, a retail shopping center, mixed-use, student and affordable housing and traditional apartments, launched two syndications and acquired a couple of his competitors to establish a national footprint that spans from the Southeast through Texas and up the West Coast.

    Today,


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  • Freaky-indicators

    • 2012-06-05
    • Eric Platt, businessinsider.com

    Unclaimed corpse indicator
    The concept: Because of high funeral costs, family members never claim the bodies of the deceased so the state will pay for costs.

    The proof: In 2009, at the height of the financial crisis when non-farm payrolls were falling by more than half a million a month, Detroit logged a massive increase in the number of uncl


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  • JP Morgan's big loss: Why banks still haven't learned their lesson

    • 2012-06-05

    Even the trading operation that booked the loss is in the black overall. Aren't losses part of the game? Why does one loss matter if it is more than offset by other trades' gains? The problem, says Scott E. Harrington, professor of insurance and risk management at Wharton, is that JPMorgan's loss struck at a particularly sensitive time.

    "My first


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  • Hot markets boost REITS

    • 2012-06-05
    • Royal Shepard, S&P Capital IQ equity analyst, The Outlook

    Tight supply and a depressed single-family housing market are combining to keep apartment buildings full and driving rental rates higher, in our view, benefiting these companies. REITs reported average occupancy figures of more than 95 percent for the 2011 fourth quarter, allowing them to raise rents on newly-signed leases.

    We think increased ren


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  • Renters feel squeeze

    • 2012-06-05

    Renters are considered "cost burdened" if they spend more than 30 percent of their income on rent and utility costs. The research was conducted by Jessica Bean, vulnerable families research associate at the Carsey Institute, and is presented in the brief "Renters More Often Burdened by Housing Costs After Recession."

    "Increased need among America


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  • Consumer confidence dips

    • 2012-06-05
    • Associated Press


    The Conference Board, a private research group, said that its Consumer Confidence Index now stands at 64.9, down from a revised 68.7 in April. With gas prices falling, Americans were expected to push the measure to 70, according to analysts polled by FactSet.

    But the May figure, which represents the biggest drop since October 2011 when the me


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  • Equity Residential vies for Archstone, again

    • 2012-06-05
    • Zacks Equity Research

    Archstone is a private company which owns, operates and develops multifamily apartment properties. It was owned by a consortium of financial institutions including Bank of America, Barclays, and the bankruptcy estate of Lehman Brothers Holdings Inc. While Bank of America and Barclays collectively held a 53 percent stake in the company, the remainin


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  • Court holds landlords and owners of pit bulls liable

    • 2012-06-05
    • Eric Pfeiffer, The Sideshow

    Under the new ruling by the Appeals Court, merely showing that the owner of the dog or the landlord of the property knew the dog is at least part pit bull is sufficient to file a claim, according to an April 27, 2012, report by the Baltimore Sun.

    "It is no longer necessary to prove that the particular pit bull or pit bulls are dangerous," the cou


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  • SF landlord won't let tenant charge electric car

    • 2012-06-05

    California is trying to promote green technology, but one of San Francisco's biggest landlords has told a tenant he cannot use a plug to charge his new electric car. Neither can the other tenants.

    Richard Wiesner is pretty happy with his new electric car.

    "Living in the Bay Area, you just feel like you have some obligation to be as green as you


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  • Apartment upturn lifts Post Properties

    • 2012-06-05
    • Dawn Wotapka, wsj.com

    Back then, Post's stock fell far below the offer it received, which was in the mid-$40-a share range. Shares dropped to below $10 in 2009.

    Those that held on through the dark days have been rewarded this year by seeing Post's stock rise to its post-recession high of above $50 a share.

    Like all multifamily property owners, the Atlanta-based comp


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  • Job recovery is scant for Americans in prime working years

    • 2012-06-05
    • Peter Whoriskey, washingtonpost.com

    By this measure, the jobs situation has improved little in recent years. The percentage of workers between the ages of 25 and 54 who have jobs now stands at 75.7 percent, just a percentage point over what it was at the downturn's worst, according to federal statistics.

    Before the recession the proportion hovered at 80 percent.

    While the unemplo


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  • Break the bad data habit

    • 2012-06-05
    • Thomas C. Redman, Ph.D.

    Her presentation is well-received, with that figure emerging as a linchpin in the subsequent discussion. She's so happy that she makes an on-the-spot award to her assistant and sends him home early, advising him to enjoy a night on the town with his new girlfriend! On his way out, she observes, "You know, we should be sure to check numbers from the


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  • Don't sabotage yourself

    • 2012-06-05
    • Susan David

    Allow me to share the story of my friend, Erin. Over lunch one day, she told both her mentor and me about a division director job she had truly wanted. The role offered good challenges, the chance to develop her skills, fabulous travel, and unparalleled flexibility. It would have been "a dream come true."

    But then Erin began to recite a litany of


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  • Optimism is up, but U.S. housing market faces painful shift

    • 2012-06-05

    But four years after the start of the financial crisis, and six years after home prices began to collapse, the market is still shaky. Nationally, prices are about 35 percent below their peaks in 2006, according to the S&P/Case-Shiller Home Price Indices released on April 24, and in some markets homes have lost 60 percent of their value. About one i


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  • Should smoking be banned in apartments?

    • 2012-06-05
    • Edward Tan, JD, FindLaw.com

    The new rule will affect complexes located in unincorporated areas of Marin County. Marin itself was recently named the healthiest county in California by a report from the University of Wisconsin Population Health Institute and the Robert Wood Johnson Foundation.

    While some may find the ordinance bizarre, it's actually not the first of its kind.


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  • Baptist seminary converts to apartments

    • 2012-06-05
    • Amanda Mahnke

    The Building and Planning Committee of the Lower Merion Board of Commissioners unanimously recommended approval of Cross Properties' preliminary plans, which call for the construction of 132 apartments, a pool and a patio on the 7.6 acre seminary property.

    Of the property's 132 units, 100 will be one-bedroom apartments, said Kenneth Aaron of Weir


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  • Mastering American slang

    • 2012-06-05
    • Alina Dizik, wsj.com

    Most meetings "start with chitchat," says the 39-year-old co-founder of LearnFunGo, a discount software-learning website, who moved to Boston five years ago. "And you're like 'Hmm, I don't get it.' You're left out."

    While learning American idioms is challenging, texting, email and social networks have generated a tidal wave of new slang and abbre


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  • Why entrepreneurs will save the world

    • 2012-06-05
    • Paul B. Brown

    But there is no reason that every idea has to be a big idea. You don't want to edit yourself out of entrepreneurial activity because it's not going to be a revolutionary page one story in The New York Times.

    Besides, the question of scalability is often a matter of placing the proverbial cart before the horse. An individual-or corporation- may th


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  • Rental, sweet rental: Shift toward apartment living spurs construction in Florida

    • 2012-06-05
    • Martha Brannigan, The Miami Herald

    The two groups are spawning a fundamental shift in housing and a fledgling boom in the construction of new apartments for the first time in years. It is a national trend that is crystallizing in South Florida with rental apartment projects in the works in cities ranging from Plantation and Davie to Doral and Coral Gables.

    "Rentals will be in dema


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  • The unimportance of practically everything

    • 2012-06-05
    • Greg McKeown

    Yet, in the back of his mind, he knows there are more important deliverables to get to. But the days slip by and he finds himself working all weekend to catch up. Staying up Sunday night until the early hours of Monday morning has become his modus operandi. He told me, while checking his Blackberry again, that it results in having no social life. I


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  • The Closer: Government regulation that actually works

    • 2012-06-05
    • David I. Levine

    OSHA has a long history of being attacked from all sides. While some criticize it for being too lenient, others routinely refer to it as a job-killer whose regulations stifle job creation, increase labor costs, and erode America's competitiveness.

    But don't be fooled. OSHA workplace inspections protect the health and safety of America's workers.


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