AANC E-Notes: 2024 2nd Quarter Issue
IN THIS ISSUE:
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PREPARING FOR PROPERTY
LEVEL CRISIS SITUATIONS
June 5, 2024 l 10:00am l 1 CEC
Sponsored by: Reliable Restorations
Owner/Operators & Suppliers:
We are thrilled to invite you to our upcoming webinar, "Preparing for Property Level Crisis Situations," where industry experts will share invaluable insights and strategies to help you safeguard your properties and residents when unforeseen challenges arise.
Moderator
Max Seay (BluSky Restoration)
Panel
Chris Carter (Carter Haston), Suzanne Dee (Apartment Dynamics), Krysti Keser (RMR Group), and Fred Kicsak (Blue Ridge Companies)
Upcoming 2024 Educational Webinars
Preparing for Property Level Crisis Situations (Jun 5)
Looks Risky! Now What? Site Assessments & Risk Mitigation (Sep 18)
Finding Your Sustainable Self: Prioritizing Mental Wellness (Nov 13)
LARRY CRANFORD MEMORIAL SCHOLARSHIP RECIPIENT
AANC LEADERSHIP LYCEUM CLASS OF 2024
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Hello Suppliers! This is Elizabeth Riley, Sr. Vice President at The Liberty Group, and Chair of the State Supplier’s Council. I'm delighted to share some exciting updates and express our gratitude for your continued support of the Apartment Association of North Carolina. We were thrilled to host our third stand-alone trade show at the Conference this past April with 42 companies represented. The engagement between suppliers and owner/operators was fantastic, and we were able to give away over $2,000 worth of prizes! Suppliers, mark your calendars for October when we'll release sponsorship and exhibit opportunities for 2025. At the Conference, we exceeded our revenue goal by over $12,427! We extend our heartfelt thanks to all who supported the conference through sponsorship. Your contributions are instrumental in the success of our events. Be sure to check out advertising opportunities in E-Notes! For those interested in reaching our diverse audience, don't miss out on advertising opportunities in E-Notes. It's a great way to increase visibility within our community. We invite all suppliers to join the council and be part of our collaborative efforts to enhance the multifamily housing industry in North Carolina. As always, your feedback is invaluable to us. Whether it's about sponsorships, events, or other initiatives, we want to hear from you. Please don't hesitate to reach out to me or Liz Newkirk for more information on how to get involved with the State Suppliers Council or other important committees. Thank you for your ongoing support and dedication to the AANC. Together, we continue to make strides in advancing our industry. All my best, ElizabethElizabeth Riley l The Liberty Group 2024 PEAK PARTNERS
Check out our amazing 2024 Peak Partners!
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The NextGen “ShanAsh” Show with Shane Raby & Ashley Vetter
Season 4, Episode 2
Check out the video below!
Big Regulatory and Legislative Happenings
are Around the Corner!
By: Chris Loebsack, Loebsack & Brownlee, PLLC
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For those who did not get a chance to attend 2024's AANC Connect Conference at the end of May, there were some big legislative proposals discussed that have been filed and will be considered in this year's "Short Session" of the NC Legislature. The first of these was the introduction of 2 new Bills that would each propose to tackle the rising problem of "squatters" in residential properties. In fact, AANC member and State Representative John Bradford's bill (HB 984) has already been scheduled for a hearing before the Judiciary 1 Committee on Wed. June 5th. These 2 bills would each create a brand-new remedy, outside of the Summary Ejectment process, that would permit landlords who find their rental property is being occupied by an unauthorized "squatter" to remove them without having to file a lawsuit to do so. These have received favorable receptions thus far, so stay tuned for future updates.
The second was the introduction (again by Rep. Bradford) of HB 1070, dealing with "Property Rights and Protections" for residential properties. This bill proposes to make changes to the existing Landlord-Tenant laws that would modernize some provisions and bring them into conformity with the realities of eFiling and electronic entry of Judgments (in the counties where it is operating currently and those still to come online later in 2024/2025); it would also provide an opportunity for a hearing on issues relating to tenants who appeal their eviction Judgments and claim indigent status; would clarify the timeframe that a Clerk has to disburse to the Landlord tenant's rent bond payments during an appeal to District Court; and prevent the fraudulent leasing or rental, or fraudulent advertisement for sale, of residential property by someone who is not the owner.
And finally, on the Federal side of things, there is the long-awaited (and still-unpublished) Final Rule on "Junk Fees" expected to be issued by the Federal Trade Commission any day now - the big questions are: after all the advocacy of the NAA and its constituent members during the Summer and Fall last year, how wide a net will the FTC cast when trying the reel in activities that are currently commonplace in the rental housing market? How will they define the difference between a prohibited "Junk Fee" and an acceptable/legitimate "business transaction fee"? What type of disclosures will be required to be given to applicants by Landlords, and at what point in the rental application process will they be required? And most importantly - what changes will be required to be made to form Lease contracts to account for these new requirements? Many have received notification last week that NAA and Blue Moon have prepared new language for their Lease and addenda forms, but those remain the subject of speculation for now, as they have not been released just yet, while we all await the publication of the Final Rule itself. Again - stay tuned here as NAA expects the rule to be released literally any day now, so as always: watch this space for all the new developments to come!
This is not legal advice and should not be relied on as such. You should contact your legal counsel with your specific facts if you seek legal advice.
The 2024 Lobby Day on April 29 was a significant success for AANC, with members representing the local affiliates from across the state advocating on policies that impact the rental housing industry and its residents. Advocates met with lawmakers on several priorities, including AANC-supported HB 551: Landlord-Tenant and HOA Changes, eCourts challenges and summary ejectment challenges. This year's Lobby Day was marked by a strong turnout, reflecting the industry's pressing concerns and legislative priorities. Thank you to every person who attended this year!
The week before Lobby Day, the North Carolina General Assembly convened for the short session on April 24. The second year of the legislative biennium, lawmakers are working to adjust the two-year state budget passed in 2023 and finish up legislative priorities that were discussed in the 2023 long session or interim months.
In addition to HB 551, AANC is working on several other bills to actively support their passage, such as HB 1070: Property Rights and Protections, which seeks to further streamline the summary ejectment process, and several squatters bills: HB 966/SB 886: Expedited Removal of Unauthorized Persons and HB 984: Removal of Squatters from Private Property.
AANC is also monitoring several bills with impact to the rental housing industry, including: SB 802: C-PACE Program and SB 166: 2024 Bldg. Code Regulatory Reform.
The legislature is expected to adjourn for the year later this summer, ahead of the November election season heating up. At the end of session, AANC will release an overview of what passed into law, what did not, and the industry’s biggest successes from the legislative biennium.
Please note that the above bills are not meant to be an exhaustive list, and instead an example of current issues at the legislative. With questions on specific bills or issues, contact Sarah DuBose at GAD@aanconline.org.
THANK YOU to everyone who participated in the PAC raffle at the AANC Education and Legislative Conference. Thanks to everyone’s contributions, we were able to raise over $15,000 for the PAC at the conference! These dollars help us support the election campaigns of our industry friends.
If you are interested in giving today, text “AANCPAC” to 50155 or click here.
If you would like to support the AANC PAC by displaying the QR code at your next affiliate event, please contact Sarah DuBose for more information (GAD@aanconline.org).
Multifamily Housing Coalition of North Carolina PAC
The Multifamily Housing Coalition of North Carolina (MHCNC) is an independent expenditure political committee designed to expand the AANC's reach by educating legislators and raising public awareness to the challenges facing the multifamily housing industry.
The MHCNC is looking for members to join the inaugural Board of Trustees members. If you or your organization are interested in joining Board or contributing to the MHCNC, contact Sarah DuBose at GAD@aanconline.org.
2024 MHCNC Trustees:
- Dustin Engelken, American Homes for Rent
- Chris Loebsack, Loebsack & Brownlee
- Norm Praet, Brownlee, Whitlow & Praet
- Susan Passmore, Blue Ridge Companies
- Gary Triplett, Hawthorne Residential Partners
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Cultivate Powered by NAA returns for a second year September 26–27 in Austin, TX. Cultivate is an annual event for senior leadership that focuses on solving industry challenges amongst peers and leaders in a retreat-style experience. Registration is now open.
Assembly of Delegates *New Date(s) November 12–14, 2024 in Atlanta, GA as we install Region IV’s very own Chair-Elect Alan King, Berkshire Residential Investment as the 2025 Chair. All Region VI Delegates plan to attend. Registration will be opening soon.
Introducing Maintenance Legends™ Celebrate maintenance professionals with MAINTENANCE LEGENDS™, a new program from NAA and HD Supply, featuring stories that make them legendary! Three winners will be selected each month for their tales of going above and beyond for their rental housing communities. At the end of this season, one Maintenance Legend will drive away with an amazing grand prize.
RHALS 2024 The 2024 Rental Housing Advocacy and Legal Summit (RHALS), formerly Government Affairs Roundtable (GART) and Legal Symposium, is NAA's event that connects and educates government affairs professionals and volunteers while discussing pressing rental housing industry issues happening all over the country. Will be held in Irving, Texas July 30 – August 1. Registration is now open.
RHALS offers attorneys an opportunity to earn CLE credits while discussing the trends, threats and challenges facing the rental housing industry. It is a must-attend event for all industry professionals seeking to stay informed and prepared to contend with the ever-evolving world of rental housing law and regulation.
And last, but not least, NAA is pleased to announce that Mike Holmes CAPS, and 2020 NAA Past Chair has been selected as 2024 inductee into the NAA Hall of Fame. Please join myself and your colleagues in congratulating Mike on receiving this prestigious recognition.
If I can ever be of assistance to you or your association, feel free to reach out.
Lisa
Lisa Taylor l Greystar
NAA Region IV Vice President
704-962-7976 l LTaylor@greystar.com
UPCOMING 2024 NAA EVENTS
Apartmentalize
June 19-21
Philadelphia, PA
Rental Housing Advocacy and Legal Summit - RHALS
July 30 - August 1
Omni Las Colinas | Irving, TX
Cultivate
September 25 - 26
JW Marriott Austin, TX
Assembly of Delegates
November 12–14, 2024
Atlanta, GA
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Apartment Association of Western North Carolina (AAWNC)
May has been busy in the mountains with AAWNC hosting CPO on May 3, Maintenance Appreciation Bowling on May 8 and Yappy Hour on May 16! Maintenance Appreciation proved to be a fun-filled night at Sky Lanes in Asheville. The night was packed with more than 65 attendees. 39 maintenance team members came out for the fun and to be celebrated!
Greater Fayetteville Apartment Association (GFAA)
On May 16, 2024 GFAA celebrated our leasing team members with Leasing Appreciation Karaoke at Twisted Grape in Cameron, NC. We had a great turnout with some even getting behind the microphone to sing.
In addition, members from the GFAA Membership Outreach Committee delivered flowers and a personal invitation to leasing team members in the Fayetteville market.
Piedmont Triad Apartment Association (PTAA)
In April, the PTAA kicked off our Twentieth Annual Food Drive in partnership with Second Harvest Food Bank of NW NC at their Diamond Awards. For 2024, the PTAA set a goal of raising over 500,000 meals by the end of summer. The PTAA Food Drive is probably best known for our Fill the Stands with Cans events at the Greensboro Grasshoppers and Winston-Salem Dash ballparks. At these games, PTAA members solicit donations from attendees before the first pitch. PTAA members are also participating by hosting food drives in their communities and by having donation boxes in high-foot traffic areas for residents to donate.
Triangle Apartment Association (TAA)
TAA welcomed the second quarter at our annual trade show, with the theme Let the Games Begin, inspired by the 2024 Olympics. Attendees enjoyed engaging exhibitor booths, activities, and networking. During the show, TAA’s Education Committee held its 24th Battle of the Baskets fundraiser, with baskets donated by member companies. The raffle raised over $6,860, with proceeds to benefit the Copper Circle Education Scholarship Fund.
Our Government Affairs department has been actively advocating for the needs of the multifamily housing industry. TAA’s Government Affairs Committee and Housing Affordability Subcommittee regularly hosted government officials and housing director guest speakers at their meetings. Speakers include NC Senator Natalie Murdock, City of Durham Director of Community Development Reginald Johnson, and Raleigh City Councilwoman Jane Harrison.
TAA introduced its Leadership Lyceum program this year, with graduation right around the corner! This 4-month program identifies and develops admirable, highly motivated, and committed multifamily housing individuals for future volunteer leadership roles and opportunities with TAA. It has been a pleasure to watch this group of professionals grow in their skills and confidence, and we are certain they will be great leaders within our industry and at TAA.
As TAA celebrates its 40th anniversary as an association, we reflect on decades of connecting with professionals in the multifamily housing industry. As we seek new and innovative methods to engage with our members, TAA’s XCEL Committee is proud to launch The XCEL Effect, a podcast that delves into various topics related to the multifamily housing industry. We invite you to tune in and listen!
Visit your local Apartment Association website to see what education is being offered and to register for upcoming events.
GCAA | Greater Charlotte Apartment Association
GFAA | Greater Fayetteville Apartment Association
GAPMA | Greenville Area Property Managers Association
PTAA | Piedmont Triad Apartment Association
TAA | Triangle Apartment Association
AAWNC | Apartment Association of Western North Carolina
WAA | Wilmington Apartment Association
Thank You to Our General Sponsor!
With our roots in third party management, Drucker + Falk is a performance driven real estate service and investment firm and among the most respected property management and commercial real estate companies in the country.
Learn more here.