Units back issues from August 2008:
Calendar.(Calendar)
Aug 01, 2008 ... <Pre> calendar 2008 Government Affairs Roundtable Nov. 12 Dallas Westin Galleria Dallas Assembly of Delegates Nov. 13-15 Dallas Westin Galleria Dallas 2009 Student Housing Feb. 3-4 Las Vegas The Venetian ...
Chairman's message: observations from Michael Tompkins.
Aug 01, 2008; ... PULL UP to any pump in this country and quickly you will be reminded that gasoline prices are staggering. This burning issue is affecting our business operations in ways some might not even have considered. But more importantly, these rising prices are impacting our residents' budgets, as ...
Up, down and in between.(Management Insider: News, Up, Down and In Between)
Aug 01, 2008 ... TRENDLINES FOR OCCUPANCY and development among key markets nationwide follow: UP: Nashville. This hot multifamily housing market flourishes because it is a blend of country, corporate and capital city lifestyles with a theme--music--that makes it both recognizable and a popular ...
One-minute manners: dining dilemmas.(Management Insider: News, Up, Down and In Between)
Aug 01, 2008 ... BUSINESS MEETING ETIQUETTE is more than knowing which fork to use for the salad. Following are three quick fixes to manner mishaps and awkward situations in a business dining setting: 1 Awkward situation: Dining with someone you just met who ate a piece of food that did not ...
Riverstone Residential Group.(Movers and Shakers)
Aug 01, 2008 ... [ILLUSTRATIONS OMITTED] Riverstone Residential Group hired Craig Rooney as Senior Vice President for the Southern California region and Heather Slack as Senior Vice President for the Northern California region. Rooney, previously Regional Vice President for Western ...
The Laramar Group.(Movers and Shakers)
Aug 01, 2008 ... [ILLUSTRATION OMITTED] The Laramar Group, based in Chicago, opened an office in Irvine, Calif. Greg Campbell, Vice President of Acquisitions ....
Apartment Realty Advisors (ARA).(Movers and Shakers)
Aug 01, 2008 ... [ILLUSTRATIONS OMITTED] Atlanta-headquartered Apartment Realty Advisors (ARA) added associate brokers Mike Murray and Jon Roberts to its Denver operations. Murray and Roberts will work directly with ...
Pinnacle.(Movers and Shakers)
Aug 01, 2008 ... [ILLUSTRATION OMITTED] Pinnacle President and CEO Stan Harrelson named NAA Board member Rick Graf his successor as President of the nation's ...
Riverstone residential builds 'purchasing power'.(Management Insider: Movers and Shakers)
Aug 01, 2008 ... INCREASED PURCHASING POWER is one reason why in recent weeks, Riverstone Residential Group has acquired management rights to 14 apartment communities via separate contracts. Together, these Class A and B assets contain 2,372 apartments in eight states and average 91 percent occupancy ....
U.S. median gross rent reaches all-time high.(Management Insider: Movers and Shakers)
Aug 01, 2008 ... IN THE CURRENT tough housing market, those who rent are facing tougher competition for affordable apartments from the wave of foreclosure victims flooding into the market. Others risk losing their units with little warning when the building's owner is the one hit with foreclosure. ...
Rents on a roll: strong data posted for 25 straight months.(Management Insider: Data and Soundbites)
Aug 01, 2008 ... THE VACANCY RATE for U.S. rental apartment communities was unchanged at 5.9 percent in Q2 2008 as a weakening economy and the ongoing housing slump continued to deter people from purchasing homes, according to Reis. [ILLUSTRATION OMITTED] The average monthly U.S ....
Energy crisis: products and services.(Management Insider: Data and Soundbites)
Aug 01, 2008; ... "RECENTLY WE HAVE RECEIVED letters from many of our service partners who have indicated that they must raise their prices to compensate for the higher costs of energy and petroleum-based products. "Several carpet installers have sent us letters, notifying us of their intent to ...
Energy crisis: utilities.(Management Insider: Data and Soundbites)
Aug 01, 2008; ... THIS IS TOUGHEST economic environment for an apartment owner or operator that I can remember during my career. Few would have thought costs would have risen this much and this quickly. We have retrofitted old equipment with duel-fuel capability and have replaced complete power plants that ...
Housing bill represents victory for apartment sector.(Political Insider: Housing Stimulus Bill)
Aug 01, 2008 ... THE HOUSING BILL SIGNED INTO LAW the week of July 28 by President Bush represents a tremendous victory for the apartment industry and NAA/NMHC's Government Affairs program. The bill has been one of NAA/NMHC's top priorities this year, and we are happy to report that as a result of our ...
Report: ex-homeowners not flocking to apartments.(Political Insider: Carried Interest)(Report)
Aug 01, 2008 ... Dispossessed house owners have not been flocking to the apartment sector, according to new research by the National Multi Housing Council (NMHC). As a result, the credit quality of prospective renters is holding steady, suggesting that the foreclosure crisis is not spilling over to ...
Carried interest battle resumes on Capitol Hill.(Political Insider: Carried Interest)
Aug 01, 2008 ... The annual battle on Capitol Hill to prevent 20 million middle-class taxpayers from having to pay the Alternative Minimum Tax (AMT) is underway and the real estate industry once again is caught in the middle of a partisan battle over whether and how to "pay for" the patch. As expected, ...
Lawsuits target firms harboring 'Illegals'.(Political Insider: Carried Interest)
Aug 01, 2008 ... Apartment providers are once again being targeted by groups that seek to curb illegal immigration. Last year, with the support of the Washington, D.C.-based Immigration Reform Law Institute (IRLI), several localities (Hazleton, Pa.; Escondido, Calif.; and Farmer's Branch, Texas) enacted ...
Employee immigration screening proposal issued.(Political Insider: Employee Screening)
Aug 01, 2008 ... The Bush administration continues its efforts to enforce and expand existing immigration laws, particularly in the area of employment. The federal agency that oversees federal contracting rules, the Federal Acquisition Regulation (FAR) Council, June 12 issued a proposed regulation that ...
Brownfield/energy tax incentives in battle.(Political Insider: Energy Incentives)
Aug 01, 2008 ... The partisan stalemate over whether tax law changes should be paid for has ensnared efforts to extend several expired and expiring tax incentives of interest to real estate. Senate Republicans, along with some Democrats, believe that a renewal or extension of current law should not require ...
All-Star Marketing Ideas.(Marketing Insider: Tips and Technology)
Aug 01, 2008 ... APARTMENT ALL STARS Kate Good, Lisa Trosien and Mindy Williams unleashed their new arsenal of marketing tips and tricks in June at the 2008 NAA Education Conference & Exposition in Orlando. Following are a few all-star marketing suggestions: * Signs are a sure way to communicate ...
Creating brand loyalty is not risk-free.(Marketing Insider: Tips and Technology)
Aug 01, 2008 ... HOW DO YOU CREATE brand engagement and brand loyalty in the apartment industry? Creativity is the most important, valuable and intangible component of a brand. Find the most creative people your marketing budget can afford and set them free. Don't constrain their ideas. ...
Six inches taller really helps.(Marketing Insider: Tips and Technology)
Aug 01, 2008 ... HERE'S A TRICK to help make an apartment home look a lot larger than the competition: add six inches to the ceiling height. In Manhattan, rooms in Starwood Hotels' Aloft Hotel at W. Union Square have 9-foot ceilings, whereas most competing hotels' ...
Berkshire offers surety bond, retains residents.(Marketing Insider: Tips and Technology)
Aug 01, 2008 ... BY OFFERING A SURETY BOND to residents instead of the traditional refundable security deposit--a move that helps it put "found money" in their residents' pockets--Berkshire Property Advisors has seen a boost in its resident retention rates. This security deposit alternative, ...
Did Dept. of Energy understate costs related to SEER 13?(Marketing Insider: HVAC, Contactors and Recycling)
Aug 01, 2008 ... CITING POOR COST predictions made during past rulemakings for central airconditioners and heat pumps, the Air-Conditioning, Heating and Refrigeration Institute (AHRI) called on the U.S. Department of Energy (DOE) to be more "thorough and vigorous" during its next rulemaking process. DOE ...
Quick tip: managing contractors.(Marketing Insider: HVAC, Contactors and Recycling)
Aug 01, 2008 ... [ILLUSTRATION OMITTED] SUGGESTED STRATEGIES for managing hired contractors was the topic of discussion by a panel led by Dan Lieberman of Horizon Management in Oakland, with Dave Woodward, Laminar Communities; and G. Patrick Smits, BH Management, Dallas, at the 2008 NAA ...
Oregon County attempts to convert apartment residents into recyclers.(Marketing Insider: HVAC, Contactors and Recycling)
Aug 01, 2008 ... TO HELP PERSUADE apartment residents to increase their recycling, a Marion County (Ore.) pilot program is underway. Residents in 20 apartment communities last month received a recycling package that includes stickers, refrigerator magnets and a recycling flier in Spanish and English ....
2008 Survey of operating income & expenses in rental apartment properties.(EXECUTIVE SUMMARY)(Cover story)
Aug 01, 2008; ... [ILLUSTRATION OMITTED] EXECUTIVE SUMMARY In a year of corporate repositioning, restructuring and re-engineering to successfully meet the economic, market and operating challenges in a recessionary-like environment, the U.S. apartment industry is, by most measures, ...
What keeps you up at night? An interactive session with distinguished CEOs and 2008 NAA Education Conference & Exposition attendees sparks interesting commentary about apartment industry hiring, management, training and the economy.(Conference news)
Aug 01, 2008 ... [ILLUSTRATION OMITTED] Big-picture issues and solutions were provided during a roundtable discussion that included four of the apartment industry's top CEOs during "What Keeps You Up at Night," presented by the NAA Education Institute at the General Session June 29 at the 2008 ...
Finding funding: although today's lending environment is more challenging than ever, available capital has not dried up.
Aug 01, 2008; ... [ILLUSTRATION OMITTED] Multifamily property owners who borrowed two years ago enjoyed one of the most notable borrowers' markets in recent history. Owners could almost select each element of their ideal loan from the financing equivalent of an a la carte menu and have maw ...
Q2 data show renting is a bargain.
Aug 01, 2008 ... During a time when consumers pay upwards of $4 per gallon for gasoline or $5.50 for a pound of bologna, where can they find a real bargain? Renting an apartment. A survey released today by multifamily housing data analyst RealFacts showed that average rents across the nation ...
Focus on the future: selected economic impacts on the multifamily housing industry: although currently stable, the multifamily housing industry could experience operational difficulties and lower profits while the government and market work through economic issues.
Aug 01, 2008; ... Former Chairman of the Federal Reserve Alan Greenspan said he believed that the current financial crisis in the United States likely will be judged as the most wrenching economic event since the end of World War II. On the other hand, Moody's Chief Economist Mark Zandi and other eminent ...
Rate your cap rate knowledge.
Aug 01, 2008; ... What is a cap rate? It is simply the net operating income (NOI) of the property (before any debt service) divided by the price, which equates to a percentage rate of return if the investor were to purchase a property with no debt (all cash). Supply and demand and the cost of ...
Rookie mistakes worth avoiding: taking the right approach to networking, education and capital expenditures can greatly benefit first--time owners.(Independent Rental Owner)
Aug 01, 2008; ... Starting something new can be both exciting and scary. The same potential fears apply to rookie real estate investors. There are many pitfalls lurking, but proper preparation and training can help any new owner avoid them. 1 TEAM-BUILDING. First, consider that investing in real ...
Making the dollars and cents add up: when financing an affordable housing community, several financial resources must be secured and combined.
Aug 01, 2008; ... Financing a tax-credit apartment community is a complex process that requires patience and a variety of funding sources. When the necessary financial resources are combined, a community can be developed successfully and operated to serve the low-income population. The value of these ...
The calm after the storm.(Service Spotlight: Financial Services)
Aug 01, 2008; ... APARTMENT OWNERS constantly manage a long list of challenges, including resident-caused damage, lost rent, escalating utility costs, staffing issues, competition, occupancy and profitability. Owners cannot always think about the effects that a natural disaster might have on ...
Get educated and invigorated finale.(2008 NAA Education Conference & Exposition)
Aug 01, 2008 ... Smiles could be found everywhere during the 2008 NAA Education Conference & Exposition at the Gaylord Palms Resort & Convention Center in Orlando, Fla. But perhaps the biggest smile was worn by attendee Mike Davis of Clearwater, Fla., after hearing his name called in the Grand ...
Pusateri inducted into NAA Hall of Fame.(2008 NAA Education Conference & Exposition)
Aug 01, 2008 ... Tony Pusateri, CAPS, CPM, CSM, one of the greatest leaders in apartment education, was inducted June 26 into the NAA Hall of Fame. Pusateri, NAA's 1992 Chairman of the Board, is Senior Vice President of National Education for Equity Residential. He is responsible for ...
Campbell, Mitchell receive NAAEI ACE awards.(2008 NAA Education Conference & Exposition)
Aug 01, 2008 ... Dr. Howard Campbell, a professor at Ball State University, and John Mitchell, CEO of the Apartment Association of Tarrant County, were honored by the NAA Education Institute (NAAEI) June 27 with Apartment Career and Education (ACE) awards at a ceremony held at the 2008 NAA Education ...
Hundreds cheer maintenance techs in pursuit of national title.(2008 NAA Education Conference & Exposition)
Aug 01, 2008 ... Bleachers full of approximately 600 enthusiastic attendees, hailing from Maintenance Mania's[R] 35 participating NAA affiliates and more, cheered as their home-team players sped through six skill-based maintenance events and a model car race with the goal of being named winner of the ...
National suppliers council: directory.(Directory)
Aug 01, 2008 ... ACCESS CONTROL & GATES Global Gate Controls, Inc. Jim Fuga Brian Cannon 3531 S. Logan St., Suite D403 Englewood, CO 80113 303/781-3722; Fax: 800/249-0122 globalgate@earthlink.net Kwikset ...
NAAEI honors new designates: presented June 2008.
Aug 01, 2008 ... Please join NAAEI in congratulating the following individuals who received their designations in June 2008. <Pre> Certified Apartment Manager (CAM) Michael J. Carreno,Fla. State University Tallahassee, Fla. CAMTextiles and Consumer ...
The NAA network: affiliate directory.(Directory)
Aug 01, 2008 ... ALABAMA * Alabama Apt. Association 205/424-3175 * Apt. Association of North Alabama 256/539-2998 * Greater Birmingham Apt. Association 205/424-3175 * Mobile Bay Area Apt. Association ...
10 Things that have impacted my career.(End Points)
Aug 01, 2008; ... 1. Challenging Accepted Wisdom. "Dare to be different in this industry! For example, rent concessions aren't always the answer but, rather, are an easy way out. Selling the community goes a lot further than giving it away. I have never given a rent concession in my career while maintaining ...
In the flood zone: a cost--savings case study: when it comes to flood insurance, do not take "no" for an answer when filing an objection to premiums costs.(Case study)
Aug 01, 2008; ... Several months ago, a loan servicing company for Freddie Mac notified The Cabot Group that a community in the management portfolio had flood insurance coverage that did not meet the lender's requirements. This surprised its management team because the current flood insurance policies were ...