This message contains images. If you don't see images, click here to view.
Advertise in this news brief.




Text Version    RSS    Subscribe    Unsubscribe    Archive    Media Kit October 07, 2014

Home   Join CAA   Calendar   Education   Legislative   Resources   Publications   Contact Us      


 

IN THIS ISSUE

CAA News
  • Last chance to register for Preview
  • Could you use an extra $50?
  • 2014 FRPO Tour
  • Early bird registration now open for 2015 New Year Kick Off
  • Advocacy is like changing a dirty diaper
  • Welcome new members


  • Education In Focus
  • Chicagoland Apartment Association: Education update — Fall 2014!


  • Industry News
  • Chicago-area rents rise while occupancy stays steady
  • Apartment rents are rising steadily and quickly
  • Easy credit flows to US landlords as lenders bet on rental market
  • Investors still like rentals: Where are they buying?
  • Crime? What crime? Why Chicago still appeals to apartment renters
  • More apps target the busy apartment market
  • What to watch out for with condo investments







  • Last chance to register for Preview
    CAA









    Tomorrow (Wednesday) is the last day to be able to register for our annual industry outlook, the 2015 Preview Breakfast. Don't miss the chance to hear industry experts' projections for next year. Attendees will have the opportunity to hear from industry leaders Peter Holsten of Holsten Real Estate Development Corporation, Alex Jackiw of Milhaus Ventures, Steven Joung of Pangea Real Estate, Greg Mutz of AMLI Residential Partners, and Jim Loewenberg of Magellan Development Group. Click here to register online today.

    Thank you sponsors: Apartments.com; Belfor Property Restoration; Bellwether Real Estate Capital, LLC; Berkadia Commercial Mortgage, LLC; Chase-Multifamily Lending; Community Investment Corporation; CoreLogic SafeRent; CORT; CRG Residential, LLC; Law Offices of David K. Barhydt; Lockton Companies, LLC; Ludwig And Company; Magellan Property Management; Pinnacle Family of Companies; realtor.com rentals; Rental Beast; RMK Management; ServiceMaster Restoration by Simons; The Habitat Company; TLC Management Co.; United States Alliance Fire Protection; and Waterton Residential, LLC.

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Could you use an extra $50?
    CAA
    Could you use an extra $50? As we work on improving our member communications, please fill out our quick survey about Apt.Itudes magazine so we can be sure we're providing you with the most valuable information possible. If you choose to include your contact information, we'll enter you in a drawing for a $50 Visa gift card. The deadline to participate is approaching so don't delay.

    Take the survey now!

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article


    2014 FRPO Tour
    CAA
    The Federation of Rental-housing Providers of Ontario (FRPO) sent a delegation to Chicago and were treated to a tour of several member buildings on Sept. 18. CAA EVP Mike Mini helped coordinate the tour, which included a market update by CAA Board Member and Appraisal Research Counselors VP Ron DeVries. The properties toured were Presidential Towers, Alta at K Station, Aqua Apartments, 2Sisters Apartments and Woodlawn House Apartments. Read more to view photos of the event.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


      FEATURED COMPANIES
    Bed Bug Elimination Specialists

    Prep X provides integrated pest treatments including skilled preparation services and heat chamber. After pest servicing, we will even put the encased bed back in place so residents can sleep that evening. Please click the above links for the e-brochures or email or call (312)339-5032 for free quote. Mention this ad and get the first bed encased FREE of charge.   

    Lead Tracking Solutions
    Lead Tracking Solutions is a revolutionary leader in lead tracking & lead management for the multi housing industry. We provide immediate solutions that enable properties to automate, manage, & evolve their guest communications quickly & cost-effectively. MORE


    Early bird registration now open for 2015 New Year Kick Off
    CAA










    Online registration is now open for our annual holiday party, New Year Kick Off. This networking event will take place on January 15th at Carnivale on 702 W. Fulton Market in Chicago. Early bird registration pricing ($125 per member) will be available until Monday, Dec. 1 so be sure to register by then!

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article





    Advocacy is like changing a dirty diaper
    CAA
    Dear Apartment Industry Colleagues,

    One recent afternoon I was enjoying some quality time with my 9-month-old daughter watching another hilarious adventure of Sponge Bob Squarepants when the most interesting commercial ran. The product is called "Diaper Surprise" where a doll, after being fed water, "deposits" a charm in its diaper which the doll’s owners can then wear on their wrists. After lamenting the fact that my own diaper change experiences do not end this way, it struck me that similar lessons can be drawn between them and conducting an advocacy campaign. Here are just a few.

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE




    Welcome new members!

    Associate Members Owner/Management Members
    Screen Doctors Chicago Clark Maple Properties, LLC
    Fairmont Property Management

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article




    Chicagoland Apartment Association: Education update — Fall 2014!

    Register Today!


    Maintenance Mania – In 3 Weeks!
    Did your Company Sign-Up Yet?

    Football lovers wait all season for the Super Bowl, basketball enthusiasts live for March Madness, and the multi-housing industry’s opportunity for greatness happens at the Chicagoland Apartment Association’s Maintenance Mania. On Thursday, Oct. 30, multi-family maintenance technicians come to compete for time in skill-based table games (based on common maintenance activities) including the pinewood derby style car race where the cars are made out of maintenance supplies!

    Education Session Topic: Electrical: Street to Socket
    The session will cover safety, common electrical installation and trouble-shooting, electrical panel service, and much more. 3 hours of Continuing Education Credits (CECs)

    Date: Thursday, Oct., 30, 2014
    JC Restoration, 3200 Squibb Ave., Rolling Meadows, IL
    Education Sessions 8:30 a.m.-12 p.m.
    Competition 1:30 p.m.-5 p.m.
    Cost: Member Ticket: $99/Spectators: FREE! ($15 with lunch)/Non-Member Ticket: $150 Register/More Info: Here

    Fall 2014 – Upcoming Classes

    Leasing Agent Licensing
    Register/More Info: Here
    National Louis University, 122 S. Michigan, Chicago, IL
    Dates: Oct 21 & 22, 2014
    Time: 8 a.m.-4:30 p.m.

    National Apartment Leasing Professional (NALP) – 2014
    Leasing professionals are the first people prospective residents meet, and often their only gauge of the property staff.
    This course is designed to teach these professionals skills to help them become top producers.
    Dates: Nov. 11-13, 2014
    CAA Office, 557 W. Randolph Ste 201, Chicago, IL 60661
    Register/More Info: Here

    Fair Housing – Winter Session
    Date: Nov. 13, 2014
    CAA Office, 557 W. Randolph Ste 201, Chicago, IL 60661
    Register/More Info: Here

    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article




    Chicago-area rents rise while occupancy stays steady
    Chicago Tribune
    Higher rents in the Chicago area and a boom in apartment-building construction didn't dent occupancy rates during the third quarter. The average monthly rent, after move-in specials, for an apartment in the Chicago area during the three months ended in September was $1,110, up 1 percent from the second quarter, according to Reis Inc. Year over year, local rents rose 3.7 percent. The quarterly vacancy rate of 3.5 percent was unchanged from the previous quarter that ended in June and relatively flat from a year ago.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Apartment rents are rising steadily and quickly
    The Wall Street Journal
    The pace of rent growth for U.S. apartments is accelerating despite an uptick in construction of new dwellings, as the economy steadily improves and vacancies remain stubbornly low. Rental rates increased 1 percent during the third quarter to an average of $1,111 a month nationwide, according to Reis Inc., a real-estate research firm that collects data on 79 U.S. metropolitan areas. That was up 3.3 percent from the same quarter a year ago.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Easy credit flows to US landlords as lenders bet on rental market
    Reuters
    Mortgage credit remains tight for most U.S. borrowers, but one group is having little trouble getting loans: landlords. For example, at Boston-based real-estate lender Edward Voccola & Co. clients who borrow to buy rental properties must simply provide identification, the property address and the expected annual rent. In contrast, regular mortgages require rigorous checks of income, credit history and outstanding debts and it usually takes weeks to secure one.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    Investors still like rentals: Where are they buying?
    CNBC
    As with everything in real estate, the single-family rental trade is local. Some higher-risk markets, where unemployment and vacancy rates are elevated, offer rental returns as high as 19 percent; other pricier markets offer low single-digit returns. RealtyTrac found markets in North Carolina and Georgia offered some of the highest rental returns, while markets in the New York/New Jersey area, as well as San Francisco, offered the lowest.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    TRENDING ARTICLES
    Missed last week's issue? See which articles your colleagues read most.

        Multifamily housing is booming, and it doesn't look like a bubble (Enterprising Investor)
    Get ready for a ton of new luxury apartments downtown (Chicago magazine)
    A survival guide for fledgling landlords (Chicago Tribune)
    Exploring housing needs for an aging population (Chicago Tribune)

    Don't be left behind. Click here to see what else you missed.


    Crime? What crime? Why Chicago still appeals to apartment renters
    Chicago Business Journal
    Relax all you apartment renters. Chicago won't bust your budget. That's the comforting news found in a new report on America's most expensive neighborhoods for renters compiled by Apartments.com, the Chicago-based online apartment listing service. Chicago's problems — crime uppermost among them — have been well-publicized. But for what it's worth, the city also has long been recognized as perhaps America's most affordable big city, even for apartment renters.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    More apps target the busy apartment market
    Chicago Tribune
    The tech-crazy aspect of the real estate business isn't limited to buying and selling houses — the rental marketplace is bursting at the seams with apps to make apartment hunting easier, too, for tenants and landlords. There's a very good reason for this: Apartments are hot. Nationwide, occupancies hit a record 95.1 percent in May and continue to hover near that level, according to industry data.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE


    What to watch out for with condo investments
    Chicago magazine
    A few years ago, Chicago condo owners who decided to rent out their places generally fell into the same category. They were underwater on their mortgages but needed to move somewhere else, perhaps for a new job or to accommodate a growing family. Rather than sell their units, they found tenants. And they waited for housing prices to revive. Prices, of course, have been rising for a couple of years now.
    Share this article:   Share on FacebookTwitterShare on LinkedinE-mail article
    READ MORE
     

    CAA In Focus
    Colby Horton, Vice President of Publishing, 469.420.2601
    Download media kit

    Esther Cho, Content Editor, 469.420.2671  
    Contribute news

    Chicagoland Apartment Association
    557 W. Randolph St. #201 Chicago, 60661
    Phone: 312-207-1890/Fax: 312-207-1890

    Be sure to add us to your address book or safe sender list so our emails get to your inbox. Learn how.

    This edition of the CAA In Focus was sent to ##Email##. To unsubscribe, click here. Did someone forward this edition to you? Subscribe here — it's free!
    Recent issues
    Sept. 23, 2014
    Sept. 9, 2014
    Aug. 26, 2014 - correction



    7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063