Houston Rental Market: Spotlight on the SNAP Bay Area Community of Clear Lake

June 29, 2015 – 10:20 pm
Did you know that the Houston rental market is filled with SNAP neighborhoods? It’s true. And in case you’ve never heard of the designation before, they are neighborhoods that have been signaled out for their active, vibrant residents. As such, they are among the very best places in the Houston rental market to live. As it stands now, there are more than 80 different communities with a SNAP designation and one of them is the Clear Lake – Bay Area. Perhaps the region’s name sounds familiar. It’s considered part of Harris County, which is often included in the Sugar Land – Woodlands Metropolitan Statistical Area. Situated on Galveston Bay, less than a 30 minutes drive from Downtown Houston, it is a perfect community in many respects. The area is full of educational attractions, water-filled recreation, boutique shops and renowned, seafood restaurants where renters can grab some fresh shrimp cocktail to go. Some ...

Appfolio Files for $100M IPO

June 23, 2015 – 3:18 pm
Appfolio, a leading property management software company has filed their S1 and is looking to raise $100M when they go public.  Appfolio's mission is to revolutionize the way small and medium sized businesses grow and compete by enabling their digital transformation. Appfolio also owns and operates other sites including MyCase and Rentlinx. Appfolio recently acquired RentLinx for $4M. Financial Summary In 2012, revenues were $12.7M with a net loss of $12.3M In 2013, revenues were $26.5M with a net loss of $7.3M  In 2014, revenues were $47.6M with a net loss of $8.6M 

Top 5 Apartment Amenity Trends

June 19, 2015 – 10:19 am
1. Home Automation: Greater Access, Customization, and Flexibility Apartment Home automation helps residents save money on their utility bills, keep their homes safe, and return from work each day to a more comfortable living space. People quickly fall in love with the peace of mind of always knowing that the oven is turned off and the doors are locked. Adoption rates of these systems further demonstrate the popularity of home automation technology, as well as the risk of falling behind your property management competitors. From 2012 to 2017, the size of the US Home Automation market is projected to more than triple from $22 billion to $72 billion.   Market research is good for raising eyebrows, but how can you introduce this technology to your residents? To promote these systems, it’s a good idea to point out the differences between generic home automation and custom, renter-focused solutions. As ...

The Denver Rental Market

June 1, 2015 – 10:19 am
The Denver rental market is known for its low cost of living, 100+ days of annual sunshine and it’s alluring, eclectic neighborhoods. On that list of lovely places to rent is Washington Park (AKA Wash Park). It is considered part of the Central Denver rental market and includes University, Louisiana, Broadway and Alameda. As such, it is also surrounded by 11 other neighborhoods, including Cory-Merill, Cheeseman Park, Speer, Cherry Creek and Wash Park West. Wash Park West, by the way, starts at Downing Street. It’s where renters are bound to find a favorite place to eat nearby. Some of the eateries located on the street are Mecca Grill and the Wash Park Sports Alley. The “Alley” is a great place to hang out, drink a beer, eat some grid-iron cheese fries and get your arcade on any night of the week or weekend. There are also 20+ televisions on-site that are always ...

Austin Rental Market: Shopaholics Searching for Style Will Love Onion Creek

May 6, 2015 – 4:21 pm
Has the Austin rental market left you awestruck? Are you having a hard time finding a luxurious apartment in a neighborhood that suits your shopaholic lifestyle? If so, check out Onion Creek. It’s home to the Colonial Grand luxury apartment complex, which is close to Southpark Meadows. Southpark Meadows literally has everything a shopaholic needs to be happy. There are more than 50 different shops, eateries and professional services on offer within the complex. Consequently, renters can get their teeth cleaned, perfect their tans, grab a bit to eat and walk away with bags full of new items for their homes all in one great place. The Colonial Grand at Onion Creek’s rentals feature anywhere from 680 to 1,410-square feet of opulent living space. The one-bedroom, one-bath apartments are the smallest and the three-bedroom, three-bath units are the largest. Floor plans are characteristically open and each unit features interior amenities Austinites would be ...

I Might Not Move to Houston. . . .Here’s Your Sign!

March 25, 2015 – 8:18 pm
Remember Bill Engvall’s comedy routine in which he regaled audiences with dumb stuff he’d seen? He would finish each story with “here’s your sign”, presumably printed with “I’m dumb” or other pertinent identification. Those considering moving to Houston have so many enticements to check out that we, personally, don’t want to see anyone holding that sign! Thanks, Mr. Engvall, for the inspiration. It’s difficult to narrow down all Houston’s blessings, including the Houston rental market, to just a few hundred words, but we’ll do our best. As Houston grows with its influx of millennials and older executives and professionals setting up shop in town, the housing market has exploded. The inventory is so low that prices have soared. Trending now among the younger set is renting, because they aren’t ready yet to buy. However, the rentals cover single-family homes as well as townhomes and condos, lofts, bungalows and cottages, gated communities and suburban ...

The Phoenix Rental Market Is Hot, And It Is Expected To Stay Hot

February 10, 2015 – 11:55 am
If you are thinking about making an investment in a rental property, you should take a look at the Phoenix rental market. The market in Phoenix is likely going to help you see a healthy return on your rental investment. Although, at one point, the market in Phoenix was hit hard by the housing market, there has been big improvements in real estate values over the last few years. As of right now, there does not seem to be an end in sight, regarding the improvements in real estate values. Here are additional reasons why Phoenix is such a hot market for investing in rental properties: Military presence Growing population Nearby schools, colleges, and universities Great Opportunities This means investors will have great opportunities to buy properties while the prices are low, as well as the rates. Phoenix enjoys a big demand for the various rental properties. There are large pools of renters from the military ...

The San Diego Rental Market: Drought Regulations that Landlords Must Follow

January 3, 2015 – 4:44 pm
California is suffering its worst drought in years with three straight dry winters and heat that's breaking all records. In response, the Board of Directors governing the San Diego County Water Authority has implemented mandatory water conservation as of November 1. The following are some of the regulations you must implement in the San Diego rental market if you're a landlord. You may only water your grounds on Mondays, Wednesdays, and Fridays. From November 1 through May 31, you may only water for seven minutes at each station from the hours of 4 p.m. To 10 a.m. From June 1 through October 31, you may only water for 10 minutes from 6 p.m. To 10 a.m. If your complex has smart irrigation system, it is exempt from these regulations. If you allow tenants to wash their vehicles on your property, they must only use hand-held houses with shut-off valves. They must restrict ...

The Renaissance of the Atlanta Rental Market: Yall Enjoy the Charm

January 3, 2015 – 4:41 pm
Atlanta is comprised of 132.4 square miles encompassing 242 neighborhoods in addition to 86 towns forming suburbs of Atlanta. That kind of area boggles the mind especially if you’re considering the Atlanta rental market. Atlanta has reinvented itself multiple times. It is presently in the midst of revamping old and previously abandoned properties into hip new multi-purpose buildings housing rental units, boutiques, retail space, offices, restaurants, parking and more. In this renaissance, you will find several desirable neighborhoods being reborn and located near the prestigious Beltline, a former railroad line encircling the heart of the city. The nearly ¾ completed walking/biking/light-rail trail is hugely popular which makes bordering neighborhoods highly desirable. Old Fourth Ward One of those neighborhoods is the Old Fourth Ward or O4W. Just steps away from the childhood home of Martin Luther King, Jr., the formerly derelict area is surrounded by some of the most stunning parks in Georgia. The Oakland Cemetery, ...

What Makes the Denver Rental Market Hot?

December 16, 2014 – 10:46 am
Many people are relocated to various cities when their company needs help in particular areas, they have family in those areas or they’re just ripe for a change and want to check out those areas. Colorado is famous for John Denver’s Rocky Mountain High, the Old West, gold mines and the cleanest air in the country. If you’re thinking of relocating to Denver, then you’ll need to know some facts about the city in addition to one of the hottest rental markets in the country.  Vacancies One of the things that make any market hot is supply and demand. The Denver rental market, according to the AllState blog, has seen increased vacancies since the first quarter of 2014. Rent prices have stopped rising which means rentals will settle into varied price ranges. The blog lists the hottest neighborhoods as: City Park Highlands Sloan’s Lake Lohi Sunnyside Baker With the rise in millenials seeking jobs and living quarters, Denver rentals are ...

Moving to a New City? Five Functional Tips to Finding a Suitable Apartment

October 13, 2014 – 5:08 pm
You've had the opportunity to start an adventure, moving to a new city; it's exciting and filled with intrigue and mystery. Your boxes are packed, you've cancelled your cable, and you're ready to change you address, but wait! What will you be changing it to? Moving, while exciting, can be extremely stressful and overwhelming at times, especially when moving to a completing new locale. Continue reading for five important apartment tips to keep in mind during your search for a new place to call home. One: Neighborhood Walkability In a city setting, it is important to decide upon your desire for a walkable community, and what level of walkability will be acceptable for your needs. This depends on your means of transportation and whether or not you have a personal vehicle at your disposal. Regardless of your preferences, keep in mind that having restaurant, shopping, and nightlife options within a short walk is ...

Moving to a New City? Five Functional Tips to Finding a Suitable Apartment

October 10, 2014 – 11:54 am
You've had the opportunity to start an adventure, moving to a new city; it's exciting and filled with intrigue and mystery. Your boxes are packed, you've cancelled your cable, and you're ready to change you address, but wait! What will you be changing it to? Moving, while exciting, can be extremely stressful and overwhelming at times, especially when moving to a completing new locale. Continue reading for five important apartment tips to keep in mind during your search for a new place to call home. One: Neighborhood Walkability In a city setting, it is important to decide upon your desire for a walkable community, and what level of walkability will be acceptable for your needs. This depends on your means of transportation and whether or not you have a personal vehicle at your disposal. Regardless of your preferences, keep in mind that having restaurant, shopping, and nightlife options within a short walk ...

Property Manager Directory - JustPropertyManagers.com

September 25, 2014 – 11:43 am
At rentbits, we have been getting feedback from thousands of advertisers that they needed a better Property Management Directory. We took this feedback to heart and are excited to announce the launch of a more robust, better user experience directory where owners of rental properties can search, review and compare Property Managers throughout the entire US for free. In addition, JustPropertyManagers.com helps property managers gain more visibility and generate more business at a lower cost. Here is an example of the search experience for property managers in denver.  Owners can search by type of property manager, residential, apartment, vacation and more within their area. 

Remotely Wins First Place in SIM Tank Best New Start-Up Pitch

September 8, 2014 – 8:08 pm
Remotely won first place in the second annual SIM Tank Best Start-Up Pitch competition. There were some incredible companies that presented and we are honored to have been selected as the best new start-up.

How to Make Better Use of a Small Space

July 13, 2014 – 10:14 am
People that are looking to rent an apartment may look for one with ample space to get enough room for everything they already have, and everything they are going to get in the future. However, you do not need an incredible amount of space to have a fulfilling and enjoyable experience in your apartment. It is a matter of following apartment tips that help you make excellent use of a small space. Place Curtains around Your Bed It can be hard to imagine a very relaxing experience with sleeping when you have a studio. However, placing curtains around your bed can be all you need to do to make enough of a separation. Although having your own room may be preferred, this is a great alternative when you want to save money on rent and are willing to come up with an alternative solution to privacy and tranquility. Use Plywood to Separate an ...

Remotely.com Named Best New Multifamily Start-Up

May 7, 2014 – 10:38 pm
remotely.com is honored to have been named the 2014 best new multifamily start-up at the National Apartment Internet Marketing Conference which attracts more than 600 Senior Level Multifamily Executives from around the nation. All companies selected won the first round of judging which was held the day before at the MTEC (Multifamily Technology and Entrepreneurship Conference.) All of the companies that presented at MTEC did a fabulous job. These companies were: August Presenter: Jason Johnson, CEO GoToMyApartment.com Presenter: Joshua Swanson, CEO Happy Inspector Presenter: Jindou Lee, CEO InRentive Presenter: Melissa K. Moline, Founder Leonardo 24/7 Presenter: Daniel Cunningham, Founder Parcel Pending Presenter: Lori Torres, CEO Property Connect Presenter: Tim Manson, Founder & CEO Pynwheel Presenter: Jennifer Cox Cyphers, Founder & CEO Remotely Presenter: Dan Daugherty, CEO Rentbits.com The final 5 that presented at the AIM conference were remotely.com, Parcel Pending, Leonardo 24/7, Happy Inspector and Property Connect. Below is Dan Daugherty, our CEO accepting the Best New Multifamily Start-Up award and Daniel Cunningham, founder of Leonardo 24/7 accepting the award for runner-up.  Congratulations to all of the ...

Channel 9 News - New technology helps renters, landlords

April 1, 2014 – 9:48 am

Some Straightforward Apartment Tips for A Newbie Renter

March 6, 2014 – 11:11 am
As a newbie renter, it can often take a large amount of preparation and comparison in order to locate an apartment which will suit your needs at a price that you are willing to pay. Too many first time renters make the mistake of choosing to rent an apartment that is simply not the right fit. Through learning how to utilize some simple apartment tips, finding an apartment which is within your budget, appeals to your lifestyle and matches your personal living needs should be achievable right away. Set Your Budget Well Ahead of Time Whether you will be living with a roommate or on your own, budgeting well ahead of time is essential for avoiding potential financial problems. Before you even think about signing a lease, you should have at least half the amount of rent needed to pay off the lease saved up from the get go. According to MSN Real ...

Some Apartment Tips for Those in College

February 12, 2014 – 7:50 pm
Living in an apartment is a common experience for those going to college. However, selecting the right apartment for your needs can often be a challenge, especially when it comes to agreeing on the right place with other roommates who will be signing the lease. Through learning how to utilize some relatively straightforward apartment tips, finding the right apartment to live in during college should be possible. Start Your Search Early Attractive apartments close to college campus are often fiercely competed for by other college students, especially if they have certain perks such as free utilities or a month to month agreement. According to Campus Talk Blog, "You will not be the only student in search of an apartment close to campus so you will have keen competition for all available units. The best time to start searching is the summer (or semester before you will begin) to leave yourself plenty of ...

Finding your first Apartment

January 20, 2014 – 7:26 pm
Living on your own in your very first apartment is an exciting time of life. However, it can be stressful to hunt for an apartment and hard to know the best options for your life-style and budget. These tips may help you sort it out to make this important step into adulthood easier. Calculate your budget for rent and utilities. It is commonly held that housing costs should be no more than 30% of your income. However, depending on the rental market you want to live in, you may need to spend more. Some ways to save on rent are: finding a compatible roommate, renting a studio apartment or a room in a house, and living more on the edges of a metropolitan area. Once you know how much you can afford for rent, you can begin your search. Websites that specialize in listing apartments available for rent and apartment communities, are a good starting ...

How to Use Rental Information as A Landlord to Pick A Desirable Tenant

January 20, 2014 – 7:23 pm
Every landlord has nightmares about a horrible and irresponsible tenant. A bad tenant can reduce profits, cause permanent damage to your home and make it challenging to find a new tenant in time to pay the bills. By learning how to take advantage of the rental information that exists for tenants who are applying, picking the right tenant should be a breeze. A Credit Check is Essential A credit check will quickly reveal how up responsible someone has been in the past concerning the state of their financial obligations. Although almost no applicants credit history is going to be perfect, a credit check is important because it will reveal the quality of the relationship the tenant had with their previous landlord. Be wary of applicants that have no available credit history. For such candidates, extra precautions such as requiring payment of the first and last months expenses up front is necessary. Part of ...

Study Says Consumers Evaluate Rental Information Differently Based on How Soon They’re Moving

December 27, 2013 – 10:19 am
When you’re checking out rental information, your moving date may determine whether you pay more attention to your thinking or your feelings. A recent survey found that consumers tend to make more emotional decisions when they are faced with moving into a new home in the immediate future. Researchers conducted an experiment where college students were asked to imagine a certain graduation date and given two choices for a new apartment. They could follow their feelings and opt for a smaller and prettier place with a scenic view or pick an objectively better apartment with more room and a more convenient location. Those who imagined they were graduating and moving within a month went with the prettier apartment. Those who imagined they would not be graduating and moving until a year from now chose the more practical address. The study was conducted by Hannah H. Chang of Singapore Management University and Michel Tuan ...

Apartment Tips For Small Spaces

December 27, 2013 – 10:15 am
Living in a small space can be challenging! Where do you put everything, and how do you make it look great at the same time? These apartment tips for small spaces will help you get more room for your buck! Corner shelves are a must-have for small spaces. They make use of an area that you aren't going to need for walking around or daily activities. Plus, they come in a range of styles and colors, such as metal corner shelves for that modern look or bamboo corner shelves for that artsy vibe! Remember, the taller the corner shelf, the more you will maximize the corner space! Hanging door organizers on your bathroom, bedroom, and even some closet doors are like creating an extra closet! There are numerous types of hanging door organizers, from cloth shoe to plastic sweater organizers. If you find a great organizer, remember that you can place anything ...

Rental Information That Can Save You From Losing Your Security Deposit

October 28, 2013 – 9:18 am
When you find an apartment that satisfies all of your needs and wants, there a few steps you will have to take before you are permitted to rent the property. You will most likely be asked to submit references from previous landlords or details on where you have lived for the past 3 years. The landlord may also run a credit check, ask for information about you current job, and request details regarding your bank. Once they have received and approved all of the above information, you will probably be required to pay a security deposit, which is usually 1 to 2 months worth of rent. Your landlord will hold your deposit for the duration of your occupancy. Landlords use deposits as a safeguard against damage done to the property by the renter. While a landlord uses a security deposit as a safety measure, you should also perform certain actions to ensure you ...

10 THINGS – BLACK LABS & BUSINESS

October 25, 2013 – 9:37 am
by Mike Branam Here are 10 things that my black labrador retriever has taught me about business and management: 1. Even if it is far away, keep chasing, you will get there 2. When opportunity knocks at the door, be excited and welcome it in 3. Routine is not boring if you enjoy what you are doing and the team you are doing it with 4. Be excited when the day starts 5. Greet people with enthusiasm 6. Sometimes you just know when a person is not a fit, do not force it 7. Be loyal and know that patience and persistence can co-exist 8. Protecting what you care about is a good thing 9. Live in the now, enjoy every moment 10. A little grey hair does preclude you from doing any of the above

Check Your Credit Report Before Joining the Rental Market

October 16, 2013 – 1:05 pm
Renting an apartment takes more than a job that pays enough money for you to avoid the monthly payment. Landlords want to make sure you can meet your rental obligation over time especially when you sign a lease. They make their decision by examining your credit report. You want to get a headstart on this process by looking at your own report, preferably many months to a year in advance, so you can fix any potential problems. While many companies offer to give you this report for a fee, you're actually entitled to one free report from each of the major credit bureaus: Equifax, TransUnion and Experian. The easiest way to obtain it, with no obligation and without having to sign up for credit protection, is to go to CreditKharma.com. CreditKharma allows you to view your credit score for free. One you have the document, look for any inaccurate statements or incorrect charges. ...

Questions to Ask Before You Start Looking For an Apartment

October 7, 2013 – 4:06 pm
Hunting for your ideal apartment can hold a number of frustrating obstacles that cause you to settle with a space you are not entirely satisfied with. However, if you organize your needs and make a list of attributes you would like your apartment to have, finding a place that suits you will be much easier. Asking and answering the following questions will help you find the right place to rent. What is your budget for rent? Knowing how much you can afford before stepping into your first apartment can save you from disappointment. Nothing stings more than falling in love with a place only to realize your monthly budget can't handle the rent. How close would you like to live to your work or school? Establishing the importance of distance to your work or school helps you narrow your search perimeter. If you are looking to save money, finding an apartment that allows you to walk ...

Apartment Hunting Tips for the Eco-Conscious Consumer

September 5, 2013 – 10:33 am
When most people think of green living, they conjure up images of solar-paneled homesteads with working water wheels (or windmills) and organic vegetable gardens.  It's harder to imagine living an eco-friendly life when you're one of the millions of Americans who, by necessity, must live in an apartment. Just because you have an apartment number instead of a house number doesn't mean you can't do your part to help the environment.  The United States Environmental Protection Agency offers a checklist for renters wanting to reduce their impact on the environment. Here are a couple of easy apartment tips eco-conscious consumers can keep in mind when renting: Consider the location.  Choosing an apartment that is walking or biking distance from your office can help reduce transportation emissions.  You can also ensure that your place is near public transit lines and conveniently located to shops, schools, parks, and other important facilities. Check your space.  Look for opportunities ...

RE/MAX Files for $100MM IPO

August 19, 2013 – 9:43 am
RE/MAX has filed to go public. According to their S1, RE/MAX has over 90,000 agents and over 6,300 offices in over 90 countries. They did $140.2MM, $138.3MM and $143.7MM in Revenue for 2010, 2011, and 2012 respectively. Revenue streams as % of total 2012 Revenue.  

How To Remove Mold Odors

August 19, 2013 – 9:27 am
One problem that can arise when you move into a new apartment is unwanted odors.  The cause of these, more times than not, is because of mold or water damage.  While there are a few ways to go that involve having a professional getting involved, these few Do It Yourself strategies may be your best bet! Baking Soda Once you find the source of the smell, using baking soda to eliminate the mold is a generally effective strategy.  You first lay down a thick layer of the baking soda, and let it sit for a few minutes.  Then you pat it down into the carpet and add another layer.  Let it sit for a day then vacuum the area and see if the odor still exists.  If it does but seems to have died down a bit, repeat the process until the odor is completely gone.  If not, you may need to move ...