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In Focus launches today!
January is perfect for fresh starts. CAA is excited about several new initiatives this year, including an upgrade to our monthly newsletter. This, our first issue, brings local, regional and national news geared toward our members — now delivered every other week. You'll see other changes as well, quick links to the most popular areas of our website and opportunities for members to connect through advertising and social media.

Greg Lozinak, CAA president

IN THIS ISSUE

CAA News
  • Education In Focus
  • New Year Kick-Off event
  • CAA Trade Show and Education Conference


  • Industry News
  • High-end rental community approved for former Kelly's Day Camp in Chicago
  • 4 real-estate trends you'll likely see in 2013
  • Meet America's new landlords: REITs
  • Could single family rental homes become a new asset class?
  • Reis: Rising rents may prod affluent US city dwellers to buy homes
  • Before becoming a landlord, do the homework
  • Experts: Commercial rentals remain strong despite economic Ennui
  • Facebook page helps renters keep pets




  • Legal Seminar — 9 a.m. to 12 p.m. Jan. 24, Chicago
    CAA    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Learn how to avoid RLTO pitfalls including:
  • Lease compliance
  • Required disclosures
  • Ins and outs of security deposits

    Learn what to expect from an evictions process including:
  • Overview of eviction proceedings with insights and practical commentary from the Sheriff's Office
  • The do's and don'ts of illegal lockouts
  • What to expect in placing an Order for Possession with the Sheriff
  • The day of eviction from the Sheriff's perspective
  • Current eviction delays and the effect of the moratorium
    Speakers: Chief Kevin Connelly, 1st Assistant Chief Deputy Sheriff, Chicago Police Department; Jessica L. Ryan, Kovitz Shifrin Nesbit; Wendy Durbin, Kovitz Shifrin Nesbit
    Register online or by this form. More details here.


  • Effective Legal Strategies for Managing Disruptive Residents — 9 a.m. to 12 p.m. Jan. 31, Rolling Meadows
    CAA    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Effective Legal Strategies for Managing Disruptive Residents
    The facts are clear: Disruptive residents cost you money, lessen the desirability and reputation of your apartment community, and interfere with the quiet enjoyment rights of other residents. This seminar will present you with effective legal strategies to combat and manage these issues at your community immediately so that they do not escalate. In this must-attend session, attorney David K. Barhydt will discuss steps you can take to effectively manage disruptive residents.
    You will learn how to legally handle situations that include:
  • Threatening of management staff or other residents of your community
  • Criminal activities, such as drug use and sale
  • Use of firearms and vandalism to the apartment or common areas
  • Sex offenders
  • Gang activities
    Speakers: David K. Barhydt, Attorney, Law Offices of David K. Barhydt
    Register online or by this form. More details here.






  • NYKO exceeds expectations
    CAA    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    CAA held its annual New Year Kick-Off event Jan. 10, when more than 300 industry professionals got together to network and ring in 2013. This year the party moved to Carnivale in Chicago. While catching up with old and new friends, attendees were treated to a variety of fantastic dishes and signature cocktails. A caricature artist and palm reader added an entertaining element to a spectacular evening. More

    Save the date: April 16
    CAA    Share    Share on FacebookTwitterShare on LinkedinE-mail article


    Be sure to put the CAA Trade Show and Education Conference onto your schedule. Exhibitors, get your booth now, they are going fast! Contact Lisa Henning at 312-207-1890, ext. 3. More




    High-end rental community approved for former Kelly's Day Camp in Vernon Hills, Chicago
    Daily Herald    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Plans for a luxury rental community on the former Kelly's Day Camp and surrounding property adjoining Route 45 in Vernon Hills, Chicago, have received an informal OK from the village board. A formal decision on preliminary approvals for the subdivision, site and landscaping plans and architectural drawings for The Oaks of Vernon Hills is expected Jan. 22, ending about a year of review and adjustments for the 31-acre project. More

    4 real-estate trends you'll likely see in 2013
    Realty Biz News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    The holiday season is officially over and now it's time we start to embrace the new year and a fresh start. As we enter the beginning of 2013, a lot of enthusiasm seems to be surrounding the national real-estate market — and for good reason. More

    Meet America's new landlords: REITs
    CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    VideoBriefThree years ago Aaron Edelheit was working out of his living room, buying foreclosed properties and putting them up for rent. Today he is CEO of The American Home Real Estate Investment Trust, one of the first REITs investing only in single family rental homes. "We think the foreclosure crisis has allowed a couple of firms such as ours to get size and scale to start institutionalizing a very large market," Edelheit said. "We think the foreclosure crisis has allowed a couple of firms such as ours to get size and scale to start institutionalizing a very large market." More

    Could single family rental homes become a new asset class?
    Market Intelligence Center    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    With the housing market continuing its rebound, the asset management firm Blackstone Group has been beefing up its purchases of single family residential properties. Last year the company spent upwards of $2.5 billion on homes to manage as rentals. Blackstone is the nation's largest investor in homes to rent, and with prices starting to rise, it is trying to gobble up as many homes as possible. It is focusing on areas where housing prices were hit the hardest during the recession, such as Chicago, Las Vegas and Southern California. More

    Reis: Rising rents may prod affluent US city dwellers to buy homes
    Reuters via Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    U.S. apartment vacancies declined and rents rose again in the fourth quarter, continuing a years-long trend that is likely to encourage more affluent renters to become home buyers this year, according to real-estate research firm Reis Inc. More

    Before becoming a landlord, do the homework
    The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Think you want to be a landlord? Consider this: "Last Thanksgiving, one of my tenants decided to fry a turkey on the stove. It started a fire that proceeded to burn up half the kitchen," said real-estate agent and landlord Jan Kennemer. Then the tenant "up and left without much notice, leaving me with a vacant property," she added. With the real-estate market in recovery, many homeowners moving from small homes, townhouses or condominiums may consider holding on to their first property as a rental investment while purchasing a new property. More

    Experts: Commercial rentals remain strong despite economic Ennui
    DNAinfo.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    It's the commercial rental market that could. Despite national economic doldrums and natural disaster, Manhattan's commercial rental market has held steady — maintaining a stamina in the fourth quarter of 2012 that bodes well for the new year, experts said. More

    Facebook page helps renters keep pets
    news.com.au    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Keen to stop the heartbreaking rise in the number of animals left in pounds, animal lover Claire Bingham has created a new Facebook page to help renters find pet friendly homes. The Perth Pet Friendly Rentals page, created in November, has been used to connect people searching for homes with agents and landlords who have pet friendly properties. More


     

    CAA In Focus
    Colby Horton, Vice President of Publishing, 469.420.2601
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    Ashley Whipple, Content Editor, 469.420.2642  
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