Rental Review May/June

CHAIR MESSAGE

For those of you who love the sun, spring is here! For those of you who love the cold, sorry, summer is coming. Whether you enjoy heat or cold, the spring rental season has started! Wishing you all of the best in getting your properties filled!

This may be news that you already know, but if you didn’t, SDMHA is an affiliate of the National Apartment Association. NAA works on a national level to provide legislative support, resources, and updates on hot issues. Be sure to visit them at NAAHQ.org to learn more and explore how they support us!

In March the NAA held it’s annual “Advocate” convention in Washington, DC. Denise Hanzlik, Jill Madsen and I had the privilege of joining other Multi-Housing Affiliates from across the nation in Washington, DC. We had updates on national issues, met wit h the staff members of our Senators and reviewed successes and concerns with them. SDMHA was 1 of 7 Affiliates that was awarded the Excelling Affiliate award – great job SDMHA!

Speaking of awards, wishing a big congratulations to ALL the winners and nominees at this year’s Merit Awards. We have a very talented group of people in our industry! See page 19 for pictures.

Be sure to watch for upcoming education regarding changes in South Dakota legislation that will affect the eviction process. SDMHA is reviewing the legislation and will be offering information in an upcoming lunch meeting this summer to help you navigate these changes.

And as always! Be sure to contact us if you are interested in any of our committees, we would love to help you get involved!

LIVABLE SMART TIP

Tenant turnovers are a fact of life, now more than ever. But Rentprep offers some easy ways to reduce turnover, from having a strong screening process to creating positive relationships with residents. Another helpful suggestion is to determine your average tenant turnover rate and the typical cost per turnover. Budget this amount into your bottom line so turnover expenses don’t take you by surprise. Looking for more ways to save? Come save with Livable - learn how we can increase your profit margins today at www.livable.com

WELCOME NEW MEMBERS:

Sioux Falls CHAPTER Black Hills CHAPTER

Skyline Construction

Premier Systems

Glory House Apartments

Brush It On Painting

Jacobs Homes

Atlas Gutter Co

Fitness By Design

The Preserve

Terveen Manufactured Homes

Harmony Heights

Rapid Creek

Brookings CHAPTER

Tobin Property

MEMBERS WE ARE SAD TO SEE GO:

Clarks Landing

Arvig Media

Kats & Swier LLC

Steve O’Dea & Lori Bly

Tea Realty

N-K Properties

ExactEstate PM Software

MEMBERS LOOKING AHEAD

SDMHA REPRESENTS

YOU!

38,647 Total Units • 125 Total Associate Members

SIOUX FALLS RENTAL PROPERTY OWNERS

As of January 1, 2024, all property owners, and managers of long- and shortterm residential rental units need to obtain a permit from the City of Sioux Falls regardless of their registration status under the City’s previous residential registration process.

https://www.siouxfalls.gov/health-safety/code-enforcement/categories/residential-rental-permit

Owners using property as long- and short-term housing rentals must get a permit from the City. Residential rental units include any building, structure, and land it occupies that is rented as a place to live or used as a short-term rental unit.

Short-term rentals are any home, cabin or similar building that is rented, leased, or furnished in its entirety to the public on a daily or weekly basis for more than 14 days in a calendar year and is not occupied by an owner or manager during the time of rental. This does not include a bed and breakfast establishment (as defined by ordinance 160.005).

The permit requirement does not apply to properties that qualify as on-campus housing, hospitals, nursing homes, or motels.

Permit Requirements

To obtain a permit, individuals must provide the following:

• Property owner’s name, email, mailing address, and phone number.

• If owner resides more than 50 miles from Sioux Falls (city limits), provide a separate contact (name, email, phone number, mailing address) who does live within 50 miles and is able to provide or approve property upkeep.

• Street address of the residential rental unit.

• The number and type of units (examples: apartment, duplex, three sleeping rooms, a single -family house, etc.).

• The name, mailing address, email, phone number, and license number of the individual licensed as a broker, broker associate, property manager, or residential rental agent with the South Dakota Real Estate Commission who manages the residential rental unit (if applicable).

• $50 permit fee per address after July 1, 2024. Get your rental property(s) register before July 1st = NO FEE.

• Verification of completion of the required two hours of course curriculum, or proof of licensure through the South Dakota Real Estate Commission as a broker, broker associate, property manager, or residential rental agent. We have a FREE video for SDMHA members at https://www.sdmha.com/sponsorships-and-advertising/sioux-falls-rental-registration-education

• Proof of a state sales tax license for any applicant permitting a short-term rental unit. Proof of a state health department lodging license and any other state license required by law.

• Any change in application information must be submitted in writing within 30 calendar days.

Log in to Customer Self Service (CSS) for an application template and guidance on applying for multiple rental addresses. https://css.siouxfalls.gov/energov_prod/selfservice/#/home

UPCOMING EVENTS

Accelerate Your Leasing

NAA Click & Lease is an online leasing tool designed to enhance compliance and accelerate the leasing process. NAA Click & Lease combines legal expertise with easy-to-use technology.

Features

We Put Ease in Leasing

Compliant Documents

Lease forms are automatically updated through an annual review process, and are reviewed for compliance with landlordtenant laws and regulations at the local, state and national levels.

PMS Integration

The multi-user platform integrates with most property management software.

Online & Paperless

Web-based software to streamline your leasing operations with E-signatures.

Simple Application

A simple, online rental application helps keep information in one place and optimizes the application process for prospective residents.

Customizable Lease Package

Add custom documents or language within documents, and configure your lease package to have the documents and information you want in your preferred order.

Litigation Defender Insurance

Triggered whenever a resident challenges a provision of the NAA Click & Lease Form. (Contact NAA for Terms and Conditions.)

Make

NEW DATES:

May 7, 8, 14, 15, & 16

Certified Apartment Leasing Professional

WE RECOMMEND THIS COURSE for leasing consultants, concierges, and career changers with hospitality, retail, or customer service experience.

Members: $365

Non-Members: $425

Earning the CALP credential, many people’s first industry credential, shows your employer that you’re committed to a career in residential property management

YOU’LL LEARN ABOUT:

• Using technology to generate traffic

• Measuring and managing your community’s reputation

• Inspecting the leasing center, tour route, model units, and vacant apartments

• Researching the competition and building relationships with competitors

• Compiling a comprehensive community resource tool

• Creating e ective marketing plans

• Relationship sales processes and evaluating your personal sales performance

• Evaluating a prospect’s commitment level and overcoming objections

• Preparing prospects for the next steps in the rental process

• Applying fair housing law and communicating rental criteria

• Qualifying prospective residents according to rental policy

• Preparing and reviewing leases with new residents

• Move-in processes

• Responding to resident issues and maintenance requests

• Building relationships with residents and creating a sense of community

• Reporting incidents, maintaining documentation, and taking corrective action

• Maximizing revenue and operational efficiency

• Securing and processing lease renewals

• Conducting a market survey

ADVOCATE 2024

INVESTOR EXCLUSIVE

EMPLOYMENT CURRENT 12 MONTHS % CHANGE

ECONOMY CURRENT 12 MONTHS % CHANGE

RAPID CITY

INFLATION

SDMHA BUYERS GUIDE

SIOUX FALLS CHAPTER

CLEANING/REPAIR/EMERGENCY SERVICES

POO-PATROL PET WASTE REMOVAL .......................................................................

DRYER VENT CLEANING COMPANY ..................................................................

FRESH CLEANING .....................................................................................

PLUMBING, HEATING & AIR CONDITIONING

SDMHA BUYERS GUIDE

Sioux Falls Candidate Forum

On March 6th, we teamed up with RASE and HBA of the Sioux Empire to host a Sioux Falls City Council Candidate Forum

RENTAL EVIEW

With an increased emphasis on washing and sanitizing, there is a temptation to go overboard with assorted specialty cleaning products. But as this article from Apartment Therapy reminds us, a good allpurpose cleaner, a disinfectant, and a glass cleaner can handle most jobs. The author also advocates for discontinuing the use of disposable sponges, mops, and dusters. Not only do the repeated purchases of disposable items add up over time, but they can also spread germs and dirt around more easily than rags or microfiber mops and dusters, which can be washed and reused. Looking for more ways to save?

Come save with Livable - learn how we can increase your profit margins today at www.livable.com