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July 2015 In This Issue
Statewide News
Industry News
Industry Events and Education
Local Chapter Updates
First Atlantic Restoration Inc
Honeywell Smart Grid Solutions
Belfor USA
Statewide News
About 6 acres of prime city real estate is for sale, and Wednesday a dozen developers submitted their proposals for the Greater Richmond Transit Co. bus depot property at 101 S. Davis Ave.
CBRE|Hampton Roads announced the sale of the Tivoli Apartments in Virginia Beach at the end of May. Artcraft Tivoli L.C. sold the property to Maryland-based Atlantic Multi Family.
Charlottesville, Va. (NEWSPLEX) – A new apartment complex targeted at University of Virginia students is coming to West Main Street in the fall of 2016, and it may create more affordable housing throughout the city.
Apartment projects are booming in Spotsylvania County, according to county building official Lewis Watts.
Jeanne Stosser of Fiddler’s Green Partners said her development group is working with an out-of-state company that wants to purchase 6 acres of the 20-acre property for a mixed-use commercial development. Fiddler’s Green Partners has held an option to purchase the remaining 14 acres of the property since 2011 and wants to build a mix of housing types there, Stosser said.
Industry News
Supreme Court Upholds 'Disparate Impact' Under the FHA but Emphasizes That Claims Cannot Rely on Statistics Alone

Click for commentary on the decision from NAA.
Congratulations to Stephanie Anderson for winning NAA Professional Designate of the Year!

Stephanie Anderson, CAM, CAPS, Drucker and Falk, LLC, Richmond, Va., was awarded the Paragon Award at the NAA Education Conference in June. Click the link below for a complete list of winners!
Real estate data firm Zillow said Tuesday that prices nationally climbed a seasonally adjusted 4.3 percent in May from a year ago. Rents still are rising at double-digit rates in Denver, San Francisco and San Jose, Calif., with their job opportunities drawing new residents at a faster pace than construction can match.
None of this should ever have happened, but it did. This should never happen at your community, but it might. A post by Nadeen Green, Senior Legal Counsel, For Rent Media Solutions.
Carousel Signs & Designs, Inc.
Deas Construction
Virginia Housing Development Authority
Industry Events and Education
Mark Cukro, Service Team Training

Many of us have just finished getting bombarded with the first wave of A/C calls and corrected more than our share of undercharged units. Whew!

Historically what happens next when the A/C systems are up and running is condensation leaks. Condensation leaks can wreak havoc in your ceilings and on the carpet, and they really make a mess while frustrating a resident.

Cleaning out drain pans and adding something as simple as a sludge preventing drain tablet can save a fortune in time and frustration and prevent you from making a return trip.

For a great list of more ways to reduce A/C calls and repairs, click the link!
A budget tells you where you are and where you’re going, and it helps you measure your progress along the way. It provides an organized and easily understood look at money coming in and going out for anyone who might need the information, including your staff, community investors and financial professionals. It’s also an invaluable tool for you in assessing how your community is performing, identifying any fat to be trimmed and adapting as situations change.

As you prepare your 2016 budget, take a look at the tips below to help make the process as painless as possible.
Local Chapter Updates
Get to know Gingko Residential's Tina Archibald, the two time ACE Award-winning service tech of the year with a heart of gold!
CVAA held it’s First Annual Cornhole Tournament June 11, 2015 at Carriage Hill Apartments.
The Valley Rental Housing Council (VRHC) is calling for nominations for its 2015 Advisory Committee, as well as VRHC representatives on VAMA committees. VRHC territory covers Harrisonburg, Waynesboro, Staunton and Augusta County.
Read on to learn more about Career Strategies, Inc. Robbie Dowdy!
RVAA hosted a Morning Perk at The Gables at Spring Creek in Lynchburg on June 19, sponsored by Apartment Guide/Rentpath. Our guest speaker was Lauren Curley presenting "Brand Yourself." Lauren provided some great insight for marketing and creative thinking, and RVAA thanks her for a wonderful presentation!
BRAC hosted its Quarterly Luncheon on June 18 at The Greencroft Country Club, sponsored by Paul Davis Restoration. Guest speaker was VAMA lobbyist Brian Gordon, who provided legislative updates for 2015.
NRVAC hosted a Happy Hour event on June 9 at Bull & Bones Brewhaus, sponsored by Off Campus Partners. It was a great success with close to 40 attendees! Everyone enjoyed an evening to relax after working hard on turnovers all day.


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