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Aug 31, 2009
Lincoln Vacancy Update
By: David Watson
Highlights Include:
Vacancy results are mixed depending upon location and unit type
Century has specific vacancy data by area of town, unit type, etc.
Century is working with active buyers of large apartment complexes anywhere and small or large multifamily properties in south Lincoln.
Lincoln Vacancy Update
There seems to be conflicting reports about the rental vacancy rates depending upon who you talk with. I talked with one landlord with a few hundred units in Lincoln who says July was the worst month in his history of owning apartments while I saw another individual on the news who owns about 200 units say his vacancy is the best it has been in 10 years. Who is right? Both individuals. Century has recently segmented all of our vacancy by area of town, unit type, etc. Our data suggests that certain types of units and certain areas of town are very strong ...
Filed in:
Apartment Management,
Apartment Sales
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Jul 1, 2009
Lincoln Market Update
By: David Watson
Lincoln Market Update
Apartment Sales Activity has been strong in the last couple months while commercial sales and leasing has remained very slow. Apartment sales activity may be strong right now because interest rates are low and we believe apartments are poised for significant rent increases during 2011-2013. Here is our reasoning for this projected rent increase:
Significant government spending will most likely result in higher interest rates making it more difficult to purchase a home.
Tightened credit also makes it more difficult to buy a home.
Government spending will most likely cause inflation raising the price of most goods and services.
Slower construction rates in the city in recent years has not kept pace with normal absorption of rental units.
At Century, we began raising rents in 2008 and continue to find success in doing so during 2009. Additionally, one of the leading eviction attorneys in town claims evictions ...
Filed in:
Apartment Management,
Apartment Sales,
Commercial Sales
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Century now offers the most premiere rental website in the city of Lincoln for renters to find an apartment. GoCentury.com launched May 1st and had an overwhelming response from prospective renters. What makes our site so effective?
Video Tours – No other website does true video walkthroughs. We do.
Social Networking – We utilize the power of websites such as Facebook and Youtube to drive referral tenants to you.
Mapping - We employ a Google map so prospective tenants know precisely where rental property is located.
Comparison List - Tenants can save property they like to their own customized comparison list while they continue browsing other rentals.
Full service Internet Marketing – Century will professionally market your property on other websites such as Craigslist, Googlebase, Oodle, and more.
Measurement - We measure traffic numbers (visitors, time on site, bounce %, etc.) to every page of our website. We also measure video views.
The whole process of ...
Filed in:
Apartment Management
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Highlights Include:
Four tips to managing apartments during a recessionary economy:
1. Keep your tenant approval standards high.
2. Keep receivables low.
3. Focus on resident retention.
4. Avoid deferring maintenance.
Below are a few tips apartment owners should keep in mind while managing apartments during a struggling economy.
Keep your tenant approval standards high. It can be easy to relax tenant approval standards in difficult times and allow just anybody to move into your apartments. At Century we check credit, employment, rental and criminal history on all prospective residents. We have continued to hold high approval standards for new residents helping to minimize eviction and uncollected rent.
Keep receivables low. It is important to ensure residents continue paying their rent during difficult times. You do the resident and yourself a favor by keeping uncollected rent to a minimum. Without prompt collections, you can find yourself ending up with a ...
Filed in:
Apartment Management
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