The Apartment Association of Metro Denver’s quarterly report on vacancy and rental rates shows a 2.2% uptick in average rent and a slight decrease in vacancy for the first quarter of 2021. The average monthly rent in the Denver metro area is $1,544, compared to $1,510 one quarter ago.... Continue Reading
There exists a misconception that rental housing owners enjoy large margins and can continue operating in the absence of rent payments, and with so much discussion around rents during COVID-19, the National Apartment Association (NAA) has released resources that help explain the breakdown of $1 of... Continue Reading
Anticipation for the COVID-19 vaccine is quickly growing following the Food and Drug Administration’s (FDA) December11 approval of an emergency use authorization for the first vaccine candidate. Healthcare workers across the country received the first doses just days later, but many are... Continue Reading
A good multifamily professional knows that resident retention is key to the success of the community and bottom line. Retaining residents is just as important, if not more so, than getting new ones. Reducing resident turnover doesn’t only make financial sense, but it can also lead to... Continue Reading
Colorado ballots will soon be mailed to voters. There is one question that has the potential to impact nearly every Coloradan, especially multi-family property owners – Amendment B. This $500 million property tax increase would raise property taxes at a time when the multi-family industry... Continue Reading
HOW TO APPLY FOR EMERGENCY RENTAL ASSISTANCE FOR PROPERTY OWNERS (POP) DOWNLOAD PDF VERSION 1. Visit the Eviction and Foreclosure Prevention page on the Colorado Department of Local Affairs (DOLA) website: https://cdola.colorado.gov/housing-covid19-eviction 2. Click the blue drop down menu: ... Continue Reading
Denver (July 21, 2020) – Today, the Apartment Association of Metro Denver released Q2 2020 results from the quarterly Denver Metro Area Apartment Vacancy and Rent Survey conducted by the University of Denver’s Daniels College of Business and Colorado Economic Management... Continue Reading
Effective July 17, 2020 there is a mandatory statewide mask order, requiring all people in Colorado over age ten to wear a face covering over their nose and mouth in any public indoor space to alleviate the spread of COVID-19. The order is currently in effect through November 12, 2020 but could... Continue Reading
Apartment operators spend thousands of dollars and thousands of hours training their onsite leasing professionals. Faced with the new (temporary) normal of reliance on virtual leasing tours, there’s no reason to rely on guesswork and your agent’s smartphone to get this right. Virtual... Continue Reading
Being inundated with leads? Here’s a look at how marketing automation for multifamily properties can help in popular markets like the Denver area. The Greater Denver area leads the nation in population and rental growth as the local market continues to prosper. With such high renter... Continue Reading
In the early stages of the crisis, face masks were one of the most controversial topics. Many experts reported masks were not helpful in preventing the spread, which went against everything we knew. Whether you watched M*A*S*H, General Hospital, E.R., or Grey’s Anatomy growing up, face masks... Continue Reading
In March 2020 the world, and our way of life as we knew it, changed. The Coronavirus pandemic required not only the AAMD to postpone key events and education but threw the industry into a state of confusion. The pandemic created chaos with daily changes to the way the apartment industry –... Continue Reading
