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New website in 9 days
On Thursday, May 28, 2015, CAA will have a new, modern website. Visitors can expect greater ease registering for events, more streamlined access to information, a more robust Online Buyers Guide and much more. Members, watch for an email that will allow you to establish login credentials on the new site!
Illinois General Assembly Legislative update
The Illinois General Assembly's scheduled adjournment is set for May 31, but many doubt that deadline will be met. With ten days remaining in the legislative session, many crucial issues are still unresolved, including a multi-billion dollar deficit in next year's proposed state budget. A May 8th Illinois Supreme Court ruling struck down the state's 2013 public pension reform law and has added $100 billion in liability to the already critical fiscal woes of the state. The high court decision could also curtail local municipalities' ability to deal with their pension shortfalls. Tensions which have developed between the legislature and the governor could lead to a stalemate that would force the legislature into an overtime session.
Commonwealth Edison Company (ComEd) provides electric service to approxiately 3.8 million customers across northern Illinois, or 70 percent of the state's population. Learn more about Smart Meters. MORE
All Nation Renovation provides a full spectrum of construction and renovation services, including major interior and exterior rehabs, customized paint projects and fire or water restorations. MORE
Golf outing last Friday a big success
Thank you to everyone that came and supported our May 15, 2015 golf outing. Golfers and sponsors alike enjoyed a beautiful May day at Cog Hill Golf and Country Club in Lemont, Illinois. Congratulations to Dylan Wisdom, who won $1165 in the 50/50 raffle. Through raffles and contests, participants raised $1983 for CAA's official charity partner, Mercy Home for Boys & Girls. View other contest winners on the golf Web page.
This Friday, May 22 last day to enter CAMME
The final deadline for CAMME entries is this Friday, May 22 (to participate in the program, not attend the event). Click on the CAMME Web page for entry forms and additional details.
Mark your calendars for Business Exchange Sept. 9
The Business Exchange will be held at the Hyatt Regency Chicago on Wednesday, Sept. 9. Save the date!
Registration for management company employees (only) is available online for member AND non-member management company staff, and is FREE (though pre-registered no-shows will be billed $50 per person). CAA will announce when associate members (vendors) are able to register to attend.
Summer Social attendee registration open
Attendee registration for our Wednesday, Aug. 26 Summer Social networking event is open. Click here to register. The event will be held at Pitchfork Chicago on 2922 W. Irving Park Road and (due to fire code) attendance will be limited. Last year this event was a sell-out so don’t wait long to register!
Welcome new members
How Can You Improve Your Maintenance Teams Skills Along with Resident Satisfaction, NOI and Property Value?
Today's competitive job market means that continuing education could be the difference between getting a promotion and remaining stagnant. In fact, a recent survey of supervisors reported that 87 percent noticed an improvement in a maintenance professional's work performance after earning CAMT and 100 percent believe the CAMT certificate is a great use of time and money.
After completion of the CAMT course, company supervisors noticed that their employees:
Isn't it time you took the next step in your career by earning your Certificate For Apartment Maintenance Technicians designation?
- Improved diagnosis of maintenance issues
- Made more cost effective repair/replacement decisions
- Better managed preventative maintenance programs
- Gained confidence and had a boost in morale
WHEN: Part One: July 14-16, 2015 ~ Part Two: Aug. 4-6, 2015
CAMT TRAINING WILL BE HELD AT: CAA Office, 557 W. Randolph, Ste. 201, Chicago, IL 60661
WHO SHOULD ATTEND: All members of your maintenance team who have at least one year of apartment industry experience
INVESTMENT: $849 includes everything needed to earn the CAMT designation
For more information on the CAMT course, pricing or to register, please contact Kim McCrossen at 703-797-0610.
Is your team prepared to handle a violent situation?
Workplace Violence Seminar | For Residential Property Management Professionals
Are you prepared to handle violent situations at your property? The Chicagoland Apartment Association and AlliedBarton's will provide detailed information and training to equip you and your team with the skills and knowledge to navigate a violent situation at your property and in the workplace, especially where it is a direct result of domestic violence. Speakers will discuss domestic violence and its impact on the workplace; recognizing and preventing workplace violence; best practices during an active shooter event; community response and support procedures. Nearly 1 in 4 women experience domestic violence during their lifetime — is your team prepared to navigate a violent situation?
Protect your people, protect your organization.
When workplace violence strikes, you have a lot to lose!
New Date: Tuesday, Sept. 22, 2015
Appraisal Institute Chicago Chapter | 205 W. Wacker Ste. 202| Chicago, IL
Cost: Members: $39 | Non-Members $59
Time: 8:30 a.m.-11:30 a.m. (coffee & breakfast snacks will be provided)
Save the date
Maintenance Mania | Thursday, Oct. 15, 2015 | JC Restoration, Rolling Meadows, IL
June 10 and 11, 2015
Certified Pool/Spa Operator Certified Program (CPO)
CAA | 557 W. Randolph 2nd FL. | Chicago, IL
June 16, 2015
Lead Renovator Training (RRP) Refresher Course
CAA | 557 W. Randolph 2nd FL. | Chicago, IL
June 23 and 24, 2015
Leasing Agent Licensing
National Louis University |122 S. Michigan Avenue | Chicago, IL
July 14-16, 2015
Certified Apartment Maintenance Technician (CAMT)
CAA| 557 W. Randolph 2nd FL. | Chicago, IL
July 23, 2015
Fair Housing Discrimination
CAA| 557 W. Randolph 2nd FL. | Chicago, IL
Presidential contenders reflect factions of their parties
By Greg Brown, NAA
Apartment Industry Colleagues,
In less than 20 months the next President of the United States will be sworn into office on the steps of the U.S. Capitol. Within the last month a number of aspirants for the highest office in the land have officially thrown their hats into the ring. A host of others are making strong signals that they will do the same. Currently, the GOP has a much wider field of candidates than the Democrats competing for the chance to represent the party in the Presidential campaign. There are five declared candidates in the mix already with at least another five suspects.
A message from the Building Commissioner
Dear DOB Partner,
A long-time employee of the Department of Buildings, Asif Rahman, retired on April 30, 2015. Mr. Rahman served as a Deputy Commissioner for the Department of Buildings. He retired after 27 years of service with the city of Chicago. While Mr. Rahman served first in other city departments, his most enduring tenure was here, in the Department of Buildings, where in his own words he "had the opportunity to work alongside an amazing team of colleagues." We are all eternally grateful to Mr. Rahman for his years of service and wish him well in all his future plans.
How high can downtown apartment rents go?
Crain's Chicago Business
Downtown apartment rents rose to a new high in the first quarter, at least temporarily easing worries that a surge in development will flood the market with too many apartments. The average effective rent at top-tier, or Class A, buildings in downtown Chicago rose to $2.85 per square foot in the quarter, up 5.6 percent from a year earlier, according to a report from Appraisal Research Counselors. But the downtown occupancy rate slipped to 94.3 percent from 95.1 percent in first-quarter 2014.
Neighborhoods recovering, but some far faster than others
Single-family home prices in Chicago's neighborhoods and Cook County's suburbs have come off the lows recorded during the depths of the housing crisis, but a great divide exists between the have and have-not communities, and affordability is under pressure in popular areas.
Property management tips to help avoid an eviction
Evictions can be a slow and painful process with legal procedures that can end up in a court battle. For landlords, evictions can lead to anything from squatters to serial evictees who routinely leave belongings behind — and leave the property in a mess. Jesse Holland, the president of Sunrise Management & Consulting in Albany, New York, has experienced his share of problems. Once, Holland says he had a tenant who left a bottle of gasoline filled with batteries inside a unit. He had to call the police who brought in a bomb squad to remove the device. "You never know what somebody is going to leave behind for you," Holland says.
Land bank will take 'calculated risk' in 26 areas
Humboldt Park is in. So are East Garfield Park and Woodlawn in Chicago and suburbs like Maywood, Matteson and South Holland. The Cook County Land Bank Authority has identified 13 city neighborhoods and 13 west and south suburbs where it will aggressively buy vacant, abandoned single-family homes and small multifamily buildings and hold them, waiting for a buyer. But other Chicago neighborhoods hard hit by the nation's housing crisis are out. North and South Lawndale, Englewood and West Ridge are not going to get focused attention and investment from the land bank because there is "too much to overcome," said Rob Rose, the land bank's new executive director.
Responding to changes in the rental market
The Huffington Post
Owning rental property has been a path to riches for a great many investors. Rental property is funding awesome retirement lifestyles as well. We've also been enjoying a surge in rental demand and rents since the recovery began after the crash in 2007. There are still articles around wondering if America has become "a nation of renters." Markets change, and real estate is no exception, so telling the future isn't the goal of this article.
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063