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NAA releases Ebola guidance
The notice from NAA President Douglas S. Culkin, CAE, recommends that questions or concerns be directed to local public health officials.
Illinois Public Health Contacts
"Following the Oct. 15 announcement of a third confirmed case of Ebola, NAA felt it was important to communicate updated guidance and resources from official sources and share it with all of our members," Culkin said.
CAA Legislative Update
By Mike Mini
Chicago City Council &
Cook County Board
Oct. 17, 2014
Mayor Emanuel and President Preckwinkle recently introduced the 2015 City of Chicago and Cook County budgets, respectively, each of which include no increase in the property, sales, or gas tax. A summary of the municipal and county budget proposals are provided here for your review. CAA will monitor the budget hearings closely and provide input on items that affect the apartment industry.
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 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
NYKO early bird ends Nov. 30; sponsorship sales start Nov. 4
The member price to attend is $125 and ENDS Nov 30. After that, the member price increases to $150. Be sure to register (registration available here before Dec. 1!)
Sponsorship sales for NYKO begin online on Tuesday, Nov. 4 at 10 a.m. CST and will be sold on a first come, first served basis. Click here for more information on the event. Sponsorships are not officially sold until confirmation is received by the association. Sponsorships are available for members only.
Preview 2015 Breakfast recap
Thank you to everyone that supported our Oct. 10 Preview breakfast held at the Union League Club of Chicago. We had over 320 attendees, breaking past attendance records. Click here to view a copy of the event program, which includes our event speakers, links to our generous sponsors' websites, and legislative update information. Pictures from the event may be viewed here.
Don't forget to budget for the CAMME Awards
The CAMME Awards committee is hard at work on the event which will be held in the fall of 2015. We would like to remind you, as we have had a year off, to be sure to include a line item in your 2015 budget for CAMME entries, sponsorship, and attendance. We look forward to announcing the many changes that have been made, and hope you are as excited as we are to begin the program.
Congrats to Ben Treutler for his CAM designation!
Congratulations to Ben Treutler of Burnham Pointe at Printers Row for receiving his CAM (Certified Apartment Manager designation). Ben is pictured here with CAA EVP Mike Mini and is being presented with a Certificate of Accomplishment. Way to go, Ben!
Welcome new members!
Maintenance Mania & Solutions Conference
Thursday, Oct. 30, 2014
Registration Closes this Friday, Oct. 24
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 9 a.m.-12 p.m.
Competition 1 p.m.-5 p.m.
Cost: Member Ticket: $99/Non-Member Ticket: $150
Register/More Info: Here
Upcoming professional development sessions
Oct. 27, 29 and 31
2 p.m.-4 p.m. EST
Nov. 11-13 (New Dates!)
8:30 a.m.-4 p.m.
National Apartment Leasing Professional (NALP)
CAA Office, 557 W. Randolph, Ste 201, Chicago, IL
Fair Housing Training
CAA Office, 557 W. Randolph, Ste 201, Chicago, IL
8:30 a.m.-4 p.m.
Leasing Agent Licensing
National Louis University, 122 S. Michigan, Chicago, IL
Dec. 15,17 and 19
2 p.m.-4 p.m.
Housing starts up 6.3 percent but gains all concentrated in multifamily
Housing starts in September rose just 6.3 percent in September after plunging 14.4 percent in August, not enough to make up lost ground, and with almost all of the gains concentrated among multifamily buildings rather than single-family homes.
Single-family housing starts in September were at a rate of 646,000; this is just 1.1 percent above the revised August figure of 639,000. The September rate for units in buildings with five units or more was 353,000, which is 18.5 percent above August 2014.
Chicago panel to review proposals for 814 apartments
Crain's Chicago Business
The Chicago Plan Commission will consider proposals for three apartment projects on the North Side, according to a meeting agenda. Seattle-based developer Security Properties will present its plan for a project at 1001 W. Chicago Ave. that would include two buildings of 14 and 15 stories and a total of 363 units. The panel also will review a proposal from Minneapolis-based Ryan Cos. for a 33-story tower with 392 apartments at the southeast corner of Clark and Chestnut streets. The third development, proposed by Chicago-based Fifield Cos., would encompass 59 units at 1850 W. Chicago Ave. The projects are not allowed under current zoning, and the developers have asked the panel to approve zoning changes. The City Council must sign off on the proposals if they pass the Plan Commission.
Missed last week's issue? See which articles your colleagues read most.
10 rental markets where landlords make a killing
Stocks aren't the only asset class with impressive returns. With the help of low homeownership rates and strong mobility demand, the rental market remains attractive for investors, especially in areas of the country experiencing double-digit returns.
According to a new report from RealtyTrac, rental property in the United States posted an average annual return of 9.06 percent in the third quarter. That is down slightly from 9.65 percent in the same year-ago quarter, but still represents a significant return for landlords.
Survey reveals what incentives matter most to renters in 2014
As moving season kicks into high gear, renters have many factors to consider in their decision-making process when searching for an apartment. Apartments.com recently conducted a national survey of more than 2,500 renters to help get a better understanding about why people rent, as well as gain insight into what it would take to motivate them to move immediately, and which specific aspects of renting are the most important when choosing where to live.
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