The Landlord Times and Apartment News sat down with veteran apartment broker and investor, Joseph Chaplik to discuss Arizona, Oregon and the state of the apartment investment market.
THE LANDLORD TIMES: Give us a brief history of your career. How did you get into the apartment brokerage business?
The sun is out and you’re property is no longer hidden, and, due to your busy schedule during the Fall and Winter months, your rental property may have become a magnet for crime or suspicious activity. It’s time to ask yourself, “Is my property’s exterior appearance inviting to criminals, deadbeats or other unsavory characters?” Unfortunately, many landlords surrender a majority of the control of their properties exterior upkeep to tenants.
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Last year was a good year for apartment sales in the Puget Sound region. In fact, with $2.6 billion of property changing hands, it was the third best year ever. So let's see how active investors are this year by comparing the first four months of 2012 sales activity with the same period this year.That will tell us whether investors are still serious about this market, or just horsing around.
With more than 260,000 rental units in Utah, there are thousands of security deposit disputes each year. In many of these cases, the dispute comes down to a disagreement between the landlord and tenant over damages and cleaning. This problem is best solved with a thorough and detailed inspection process.
Housing cost burdens among working renters rise for third straight year; cost burdens remain steady but challenging for working owners.
Buried under mountains of property management paperwork? Do the projects seem to never end? Imagine how good you would feel if every day you could start with a clean and organized desk? Well dream no further! By following the three powerful tips listed below, your dreams will become reality!
Setting up your system:
Qualifying prospective renters can seem especially challenging when you must establish their eligibility to rent based upon income. While it is necessary to determine if callers and visitors can qualify to rent at your community, coming right out and asking someone for their annual income can be perceived as an invasion of privacy. (Would you like a total stranger to ask: “How much money do YOU make?”) Recently the following question on this subject came up:
Dear Maintenance Men:
My tenant has a toilet that has little cracks in various places. It has small cracks, but no leakage. I looked online and they said you could epoxy it or replace it...but you must do something. How can you tell what will work? What would be the best thing? Also, do toilets just crack over time? (“I read your column every time! That and the Legal Corner one.”)
Not long ago, it was common to smell cigarette smoke in Washington workplaces and restaurants. But with mounting evidence that secondhand smoke causes disease and death, and the passage of Washington’s smoke-free indoor air law, people have come to expect clean air where they work and live.