Thanks for Meddling, Uncle Sam

uncle sam 300x225Not long ago, we shared with you a bad idea from Seattle Washington that will result in more pets getting abandoned by their owners and ultimately euthanized (Bad News for Pet Owners, February 6, 2017). Not to be outdone, now Seattle has bent over backwards to help less qualified renters get chosen for an apartment over there more qualified peers.

Basically, Seattle wants landlords to be forced to accept the first tenant that come that meets the rental criteria. While that might seem benign, let’s examine the spoiled fruit of the tree of good intentions. Continue reading

Your Wish Is Our Command

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Upgrade your apartment living with a walk-in shower

Our friends at Property Management Insider recently reported the seven apartment upgrades that renters would most like to see. Here they are:

New Windows. Who likes a draft? Or windows that always get stuck or don’t operate properly. That’s why you’ll find at Decker Properties, either your home is new construction, or else if it’s a little older, important components like the windows have been replaced. For example, our Coachlight Drive apartments in New Berlin were built in 1965, but the windows are modern white energy efficient vinyl windows.

Energy Efficiency. Speaking of drafts, who needs those utility bills! Nearly all Decker Properties apartments feature water saving plumbing fixtures. Recently, we converted one of our Willow Grove apartments in Pewaukee with electric heat to a high efficient natural gas fired boiler. Continue reading

Evicted Part 3

eviction noticeLet’s review. Bad things happen to good people. You can’t pay your rent. But instead of doing the “man up” on this thing and talking to your landlord, or instead of moving out in the middle of the night, you’ve always had a thing for men in uniform so you’re trying to arrange a date with the local sheriff.

Or in other words, against all advice, perhaps owing to needless embarrassment, you’ve completely ignored this one. Which seems to be working out. For a while. Because the eviction process is slow.

The process starts with a 5-Day notice. This notice actually requires you to either pay your rent or move out in five days. If you don’t, you’re subject automatically to double the rent should this one wind up in court. Wouldn’t calling the landlord be better? Continue reading

Evicted Part 2 – The Midnight Move

two men carrying a house 272x300Last time, we were talking about how bad things can happen to good people. And one of the consequences can be that making the rent becomes difficult or impossible. In this instance, the best remedy is to talk to your landlord and work out an arrangement. Maybe a deferred payment plan can be worked out. Even if all is lost and you have to move, it’s still better to talk to your landlord, because here’s what going to happen if you don’t: Continue reading

Evicted!

eviction order stamp 300x199In the event of trouble, talk to your landlord.

It was the last thing you were expecting. You go to work like any other day, but then you get laid off. Or you come home and find out your roommate moved out in the middle of the night. Or there’s a car accident and now you’ve got medical bills and car repair bills and time off of work…Ouch!

So you can’t pay your rent anymore. What should you do now? Continue reading

Decker Properties Pet Policy

dog cat 300x199Life can be ruff. Or maybe for you, it’s purrrfect. But whether your furry favorites go ruff or purr, we’ve got the solution: a pet friendly home at Decker Properties. Here’s everything you need to know:

PET ADDENDUM

DATE: __________________ LANDLORD: Decker Properties, Inc.

TENANT: ________________________________________ APARTMENT_______________

Fees: Rent Security Deposit
• 1 dog: $35 per month + $200 refundable extra security deposit $_______ $_______
• 2 dogs: $50 per month + $200 refundable extra security deposit $_______ $_______
• 1 dog, 1 cat: $50 / month + $200 refundable extra security deposit $_______ $_______
• 1 cat: $25 per month; no additional security deposit $_______ $_______
• 2 cats: $40 per month; no additional security deposit $_______ $_______

Pet’s owner agrees to the following terms and conditions. Continue reading

Bad News for Pet Owners

cat and dog resting together 300x134On December 16, 2016, Seattle Mayor Ed Murray signed legislation which restricts the total amounts landlords may charge for move-in fees. This legislation took effect January 15, 2017, and enacts the following:

– Pet damage deposits may not exceed 25% of the first full month’s rent, and landlords cannot charge any other fees for allowing a pet.

– Monthly pet rent is not allowed as a part of any new agreement signed January 15, 2017 or later.

So you’re probably wondering, how can this possibly be bad? Isn’t it a bonanza for pet owners? Welcome to the reality of unintended consequences. Continue reading

Inflation? What Inflation?

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US homeownership rate

It’s like a game of Where’s Waldo? All the new in regards to inflation seems to be good. Yet do such reports reflect what is going on in your pocket book?

A recent Census Bureau quarterly update on residential vacancies and homeownership shows continued decline in home ownership. Continue reading

Is Home Ownership The Worst Investment Ever?

is your house the worst investment ever 300x252Here’s a mistake you won’t want to make – rolling your hard-earned cash into a money pit. So, what are the investments to avoid? Is it penny stocks? Junk bonds? Collectible beer cans?

It’s hard to know what the biggest loser might be, but one common investment myth that keeps coming up is the idea that home ownership is the road to riches. Think about it: What are the typical attributes of a good investment? How about some cash flow, low transaction fees, liquidity and a proven track record?

The average single family house falls far short on every metric. Continue reading

I Found An Interesting Article On Green Apartment Construction

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Green Apartment Living is Growing

While skimming across various apartment rental blog sites recently, I came across this interesting article, “Green Apartment Construction Blossoming, Yet Renter Survey Shows $560 Rent Premium is 5 Times Higher than Most Would Pay“. It’s a long article, but I know you’re busy, so I thought I’d summarize it for you to save you some time.

Real estate crazes run the gamut. There are some that are temporary. There are others, however, that are around for the long haul. Many crazes have significant effects on the real estate industry in general. Sustainable structures are an example of a real estate craze that’s not going anywhere any time soon. These buildings are popping up in locations all over the United States. They indicate that the eco-friendly green lifestyle is no longer a novelty. This kind of lifestyle is actually quickly becoming the norm. Continue reading