July 2012 Edition
Missed a NARPM® Webinar?
Missed a webinar? NARPM® archives past webinars on the website and they can be accessed here.
Low Income Tax Credit
According to an article entitled Low-Income Housing Tax Credit: What Is It and How to Pass Inspections? posted July 2, 2012, one of the fastest growing segments of the rental housing market is low-income, affordable housing. Since the Tax Reform Act of 1986, there have been government-sponsored tax incentives that utilize private equity in the development of low-income rental housing designed for those Americans who qualify as low income.
As of 2011, the federal governments defined levels as low income for one person, three person and six person households are $10,890, $18,530 and $29,990, respectively. The Low-Income Housing Tax Credit (LIHTC) is a dollar-for-dollar tax credit available in the U.S. for affordable housing investments.
Full article can be found here.
Pending Home Sales Fall in June Due to 'Fewer Listings'
According to CBNC home buyers have signed fewer contracts to buy existing homes in June despite renewed optimism in the overall housing recovery. According to this article, investors who have been rushing to buy distressed properties, by taking advantage of the hot real estate market, are finding this inventory is extremely declining in especially some of the hardest hit markets like Phoenix and areas of California.
According to NARs Chief Economist Lawrence Yun, Any bank-owned properties that have been held back in markets with inventory shortages should be released expeditiously to help meet market demand. Housing starts will likely need to double over the next two years to satisfy the pent-up demand for both rentals and ownership.
Click here to access the full article.
Check out the Newest NARPM® Affinity Partners
We are pleased to welcome DFI Insurance (diGerolamo family insurance) as a new Affinity Partner. Are you looking for Errors and Omissions insurance or other liability programs? Contact DFI to create a tailor made Professional Liability Policy just for your business. Click here for more information.
We are also pleased to welcome the Community Buying Group as a new Affinity Partner. Through our partnership with Community Buying Group all NARPM® members can now participate in a discount program to SAVE MONEY on materials and services including Lowe's Home Improvement and other CBG Suppliers. Click here for to view program inforamtion and apply.
Another partner, AON, has expanded their statewide coverage area for the Rent Protect program. This insurance solution covers loss of rent arising from abandonment, death, eviction, early lease termination and more. Click here for more information.
Check out all the savings offered through the NARPM® Affinity Program.
Vote for the NARPM® Affiliate of the Year
NARPM® is searching for an Affiliate Member who goes above and beyond when it comes to providing benefits and services to the NARPM® community. The results of this survey will provide a portion of the total points an Affiliate member can count toward the award application. Please take a few moments and complete this survey to vote for the company you think should be the 2012 Affiliate of the Year.
Rocky Maxwell Award Rocky Maxwell touched many of our lives and motivated many of the Past Presidents and future leaders of NARPM to get involved. It is in his memory that NARPM® wishes to honor a new member each year that has given above and beyond in their initial 18 months of NARPM® membership.
Take a few moments to let us know about a new NARPM® member who has shown outstanding leadership in your chapter during their first 18 months. Please fill out the nomination form and email it to firstname.lastname@example.org or fax it to 866-466-2776. NARPM® appreciates you taking the time to help us recognize a deserving new member and in doing so honor the memory and legacy of Rocky Maxwell.
Rebate Through the Home Depot!
Have you signed up for the new program through The Home Depot? Check out the program by clicking here. The program code is simply: NARPM. Register now to start receiving rebates on all your purchases. For more details check out the program by clicking on the Home Depot links.
NARPM® New Online Application
Have you been to NARPM.org and checked out the new member application? It is so easy for new members to apply and pay dues online. Send the link to all the property managers you know to check out NARPM®.
Are You a Designation Candidate?
NARPM® no longer accepts notebooks from designation candidates. We have made the process electronic so all you have to do is keep up to date on your own personal electronic work sheet. If you need more information contact Cher Leadbeater by email.
Did you know Residential Resource is available in electronic format?
You must be logged in to Members Only to access and then you can look at all the current and archived Residential Resource magazines as downloadable PDFs or page-flippable versions. Check it out!
Here are current membership counts as of July 26, 2012:
- Total Members: 3,836
- Professional Members: 3,418
- International Members: 11
- Honorary Member: 1
- Honorary Life Member: 1
- Life Members: 22
- Support Staff: 197
- Affiliates: 156
- Junior: 30
- Student: 1
Following are the chapters with 50 or more members. Check your records TODAY to make sure everyone in your chapter is still active. Remember that Professional Members must belong to National prior to joining your chapter.
- Atlanta, GA – 197 members
- Oahu, HI – 188 members
- Orlando/Central FL – 174 members
- San Antonio, TX – 142 members
- Phoenix, AZ – 131 members
- Sacramento, CA – 104 members
- Southeastern VA/Hampton Roads – 104 members
- Denver, CO – 91 members
- Greater Dallas, TX – 87 members
- Austin Area, TX – 81 members
- Colorado Springs – 69 members
- Northeast Florida – 69 members
- Tampa Bay – 67 members
- Southwest Idaho – 66 members
- King, County, WA – 62 members
- San Diego, CA – 59 members
- Santa Clara County – 57 members
- Sarasota/Bradenton, FL – 54 members
- Fort Worth/Mid Cities – 52 members
- Florida State – 565 members
- California State – 342 members
- Virginia State – 153 members
- At Large Members – 762 members
Chapter Leaders: Do you need to grow your chapter quickly? Then check out the At Large member list by state to make sure you aren't missing members in your area.
Find out who has joined NARPM® recently. Put these reports into excel and you have your own database to send out announcements. See the latest membership information, including At Large members. You can also submit prospective members through this site and view active prospects. Remember, you must sign into the Members Only section to access these reports.
Are you reading this report and not a member of NARPM®?
You can obtain more information on NARPM® by going to www.narpm.org or contact the National office at 800-782-3452 or e-mail email@example.com.
Is there any other information you would like to see included in the monthly National Report? If so, please e-mail firstname.lastname@example.org and we will see if it can be included.
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