Snapshot

Virginia Apartment Management Association

VAMA News
We've all seen the news reports that Virginia has 5 of the top 10 highest eviction rates in the country.  Regardless of the data sets accuracy, the media storm has flooded the airwaves and the public is blaming the rental managers. 

 

We must start telling the story of VAMA's members.  Responsible, caring and eager rental managers working hard to help people find their next home!

Visit https://www.naylornetwork.com/vam-nwl/articles/index-v2.asp?aid=505853&issueID=58022 to view the full article online.

 
This article, sent in by HOME, outlines one way that property management companies can make applying for an apartment easier for foreign born individuals that may not have traditional forms of ID.

Visit https://www.naylornetwork.com/vam-nwl/articles/index-v2.asp?aid=502971&issueID=58022 to view the full article online.

 
VAMA Member Mat Clemons makes the Roanoke Times in an article covering the new community in Blackbsburg built using tax credits.

Visit http://www.roanoke.com/news/local/blacksburg/long-awaited-affordable-housing-complex-opens-in-blacksburg/article_1977a65d-ff40-5ba9-9af5-46abc23e2c76.html to view the full article online.

 
A Newport News apartment manager saw something wrong - a resident abusing a puppy - and took action.  This is a wonderful example of how community managers make a difference.

Visit http://www.wdbj7.com/content/news/Woman-accused-of-kicking-dragging-puppy-in-Virginia-apartment-elevator-482207501.html to view the full article online.

 
A new product is being built in some parts of the country - single-family home communities that are all rental homes.  

Visit https://www.naahq.org/news-publications/units/may-2018/article/opportunity-knocks-single-family-house-rentals?utm_source=Pardot&utm_medium=Email&utm_campaign=Industry-Insider to view the full article online.

 
Forbes takes a deep dive into real estate investing in the southeast.

Visit https://www.forbes.com/sites/ingowinzer/2018/06/06/how-to-make-the-most-of-your-investment-in-southeast-real-estate/#6d06540354a6 to view the full article online.

 
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First Atlantic Restoration Inc
Build Your Skills
Some builders are "future proofing" their construction projects for a time when cars are less prominent.  If you have a project for an urban area, make sure to take the changing face of renters and commuting into account.  

Visit https://www.forbes.com/sites/alanohnsman/2018/05/18/end-of-parking-lot-autonomous-cars/#2e282a87244b to view the full article online.

 
If you are a small firm, you can still attract the best talent - it isn't always about pay.  Small firms have benefits larger companies often do not.  

Visit https://www.naahq.org/news-publications/units/may-2018/article/winning-battle-talent-independent-rental-owner?utm_source=Pardot&utm_medium=Email&utm_campaign=units-TOC to view the full article online.

 
The first 10 days of a new resident's experience can make or break your renewal.  Make sure you have a plan so you don't end up losing a resident before they even pay their first month's rent.

Visit https://www.naahq.org/news-publications/how-not-lose-resident-first-10-days?utm_source=Pardot&utm_medium=Email&utm_campaign=Industry-Insider to view the full article online.

 
For years, the industry has been training that you NEVER simply hand over a key to a prospective resident. Will this training change in the future.  Some management companies have already made the change.

Visit https://www.naahq.org/news-publications/units/june-2018/article/self-guided-tours-open-doors-closing-sales?utm_source=Pardot&utm_medium=Email&utm_campaign=units-TOC to view the full article online.

 
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Drucker and Falk, LLC
Keyper Systems
Development News
A 3rd multifamily project is being delayed by Charlottesville City Council so that they can see more details regarding the Carlton Ave. development.

Visit http://www.cvilletomorrow.org/news/article/30678-carlton-views-deferral/?utm_source=BizSense+Backup&utm_campaign=445cf61855-EMAIL_CAMPAIGN_2018_05_15&utm_medium=email&utm_term=0_916386f49f-445cf61855-148081777 to view the full article online.

 
$100M Manchester riverfront project is set to break ground this summer.  South Falls will have 2 towers when completed and the frist 14 story tower is set to begin construction this year.

Visit https://richmondbizsense.com/2018/05/21/100m-manchester-riverfront-project-begins-summer-14-story-tower/?utm_source=BizSense+Backup&utm_campaign=67a3aced01-EMAIL_CAMPAIGN_2018_05_18&utm_medium=email&utm_term=0_916386f49f-67a3aced01-148081777 to view the full article online.

 
Cambridge Square Apartments is set to begin construction this year which will bring another 200 units to the Mechanicsville area.

Visit https://richmondbizsense.com/2018/05/22/developer-adding-200-apartments-hanover/?utm_source=BizSense+Backup&utm_campaign=00e44a5c3d-EMAIL_CAMPAIGN_2018_05_21&utm_medium=email&utm_term=0_916386f49f-00e44a5c3d-148081777 to view the full article online.

 
Whitaker Memorial Hospital will be converted into Whitaker Place Apartments and will have 67 units for low to median income residents.

Visit http://www.dailypress.com/news/newport-news/dp-nws-newport-news-whittaker-place-groundbreaking-20180604-story.html to view the full article online.

 
18 lofts are close to finished at a downtown Salem historic building renovation.

Visit http://www.wdbj7.com/content/news/Community-tours-new-lofts-in-Downtown-Salem--484893831.html to view the full article online.

 
Terrace View has applied for a zoning change so that 4 existing buildings can be torn down to make way for 2 much larger buildings geared toward student housing.

Visit http://www.roanoke.com/news/local/christiansburg/tech-growth-prompts-new-terrace-view-plan/article_d69c98da-f0f8-58f5-84af-b68e9e3e5110.html to view the full article online.

 
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The Virginia Apartment Management Association
An Affiliate of the National Apartment Association
2812 Emerywood Parkway, Suite 231, Richmond, VA 23294

Phone: (804) 756-VAMA
info@vamaonline.org