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Combined into a series of federal, state and local laws, your specific renter’s rights get dictated by where you live. They’re in place to prevent things like housing discrimination and rent gouging. These basic rights ensure you have a safe, clean place to live as well as detailed courses of action when things are going wrong.

Landlord-tenant law helps you live peacefully in your rental. Do you know your tenant’s rights?

Fair housing

Before even taking a tour of a potential apartment, it’s your right to have fair access to housing. This means your rental application will not get rejected based on:

  • Race
  • Color
  • Religion
  • Age
  • Sex
  • National origin
  • Family status
  • Mental or physical disabilities

Your renter’s rights in this case receive protection at the federal level by the Fair Housing Act. State and local laws may reinforce the Fair Housing Act and even add more categories to this list to ensure everyone has equal access to apply for housing.

Not only can your rental application not get refused based on these factors, but, if you have a disability, landlord-tenant law requires they make reasonable accommodations for you to access the apartment. This could mean installing ramps or making a unit on a lower floor available.

Legal documentation

Another piece to your renter’s rights is the lease. It’s the responsibility of the property manager to give you a legal rental contract to sign that abides by all laws.

In addition to specifics about the property, and breakdowns for processes like requesting repairs, using common areas and more, a lease must clearly indicate the leasing period and your monthly rent. It should also have your name, and any roommates, on the document.

The lease should also include a series of general disclosures. The law requires these, although it varies by state which specific ones must get listed. A few common disclosures you may see in your lease if they’re applicable to the rental unit, include:

  • Notice of mold
  • Lead-based paint disclosure
  • Notice of sex offenders, recent deaths and any potential health or safety hazards

Living space

A variety of rules govern your living space when you’re a renter. This ensures you have somewhere to live that’s actually livable. Tenants’ rights, when it comes to your actual apartment get pretty involved, so make sure you know the highlights.

Habitable housing

It’s not enough for a property manager to provide you with an apartment; the apartment must be safe for you to live in it. This means more than a lack of dangerous conditions. Your renter’s rights entitle you to a home with usable utilities, including heat, electricity and water.

This area of your renter’s rights also means you have a home that’s safe and livable in other ways. Specifics within these guidelines require an apartment to have functioning locks on doors and windows, smoke detectors and a dedicated way to escape in case of fire.

Repairs

This area of landlord-tenant law requires action on both sides. To ensure you have a habitable home, it’s up to you to report any maintenance issues using the process that’s outlined in your lease. Find out the best way to report issues like this to your landlord (such as through email or an online portal).

On the management side, their responsibility is to complete repairs in a timely manner. Your lease will define what this means, but different repairs rank higher in priority. For example, failure to repair a heater in winter can quickly lead to an uninhabitable living space for safety reasons, whereas a garbage broken disposal doesn’t create that serious of an impact.

If your property manager fails to make repairs in a timely manner, you have additional rights. Check with state and local laws about what’s within your rights.

Privacy

Although you’re only renting a home, and someone else owns it, your rights as a tenant mean a certain level of privacy. Once your rental agreement is in place, a property manager cannot come into your home without proper notice.

Notice is also required for more than just repairs. If you’re getting ready to move, and the property manager wants to start showing your unit to prospective tenants, for example, they must give you notice each time.

Security deposit refund

Each state usually handles security deposits differently as far as how much you’re required to put down. It’s normal for you to pay a security deposit though since that protects the property manager from having to pay out-of-pocket for any damages you may cause while living in your rental.

As far a payment goes, some states set caps on how much a property manager can ask for. They also can’t impose a higher deposit for your rental, when compared to other units in the building, without a specific reason, like having a pet.

It’s also within your renter’s rights to get the security deposit back, in a timely manner, if it’s not covering any damages. Most state laws set the time frame at 30 days, and you’ll not only receive your security deposit back but any interest that accrued as well.

If any of your deposit is withheld, you can ask for written documentation of the damages it’s paying for, and the property manager must comply.

Eviction

The situations where your property manager has the right to evict needs clear stating within your lease. Make sure to review them before you sign it.

Standard landlord-tenant law states that you can get evicted if you break your lease in specific ways, such as:

  • Failing to pay rent
  • Allowing prohibited animals to live with you
  • Having roommates that aren’t on your lease
  • Committing a crime on the premises

As a renter, your tenant rights enable you to address evictable issues within a specified time frame before an eviction can take place. You will receive notice of a pending eviction from your property manager. If you fail to fix the issue, they can then file an eviction with the courts resulting in legal removal from your rental.

State-specific renter’s rights

Although you’ll find many standard regulations associated with renting if you move between states, expect additional laws everywhere you go. Since renter’s rights get regulated on both the state and local level, if you’re relocating to a different part of the country — familiarize yourself with local tenant laws.

Some unique landlord-tenant laws include:

  • In Hawaii, security deposits with no deductions must get returned within 14 days
  • A property manager must give 48 hours notice before entering your apartment in Delaware
  • West Virginia has no minimum notice required for a rent increase on month-to-month rentals
  • In North Carolina, two month’s rent is the required minimum for a security deposit on a one-year lease
  • A lease can get terminated once rent is only five days late in Arkansas

As you can see, some states have pretty extreme rules. Being aware of them can help you maintain a positive relationship with your property manager while also protecting your own rights as a renter.

Know your renter’s rights

No matter how great, or rocky, your relationship is with a property manager, you should always follow the law as it pertains to your situation. This not only protects you, but it ensures your property manager gets held accountable when anything isn’t up to par.

Familiarize yourself with state and local landlord-tenant laws, read your lease thoroughly before signing and do your research when faced with a potential issue. Protect yourself by knowing your tenant’s rights.

The information contained in this article is for educational purposes only and does not, and is not intended to, constitute legal or financial advice. Readers are encouraged to seek professional legal or financial advice as they may deem it necessary.

Lesly Gregory has over 15 years of marketing experience, ranging from community management to blogging to creating marketing collateral for a variety of industries. A graduate of Boston University, Lesly holds a B.S. in Journalism. She currently lives in Atlanta with her husband, two young children, three cats and assorted fish.

Source: rent.com

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As couples prepare holiday marriage proposals, Northwestern Mutual study finds 1 in 3 Americans believe serious discussions about financial dreams – and debt – should happen in the early stages of dating Almost half of Gen Z say financial compatibility is more important than physical compatibility MILWAUKEE, Dec. 5, 2023 /PRNewswire/ — December is, by … [Read more…]

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MSR Sales, Subservicing, Margin Mgt., PPE, HELOC, Pre-Approval Tools, Don’t Ignore HMDA Requirements

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MSR Sales, Subservicing, Margin Mgt., PPE, HELOC, Pre-Approval Tools, Don’t Ignore HMDA Requirements

By:
Rob Chrisman

5 Hours, 0 Min ago

Home schooling is the goodest thing I ever did for my two kids. Hopefully, they both learned that an inverted yield curve doesn’t automatically create, or lead to, a recession. As we approach 2024, short term rates have been higher than long term rates since 2022, and when you think of the last 10 recessions eight of the last 10 were preceded by an inverted yield curve. But now the “experts” are saying that this yield curve inversion is due to artificial reasons, namely the U.S. Federal Reserve’s actions that shifted rates, rather than more natural factors. Time will tell, and no one can eliminate business cycles, so we may have a recession (and with it, lower rates) at some point. But for now, “The U.S. economy is becoming increasingly recession resistant. State, local, and federal government spending as a percentage of GDP has risen from 29 percent in 1962 to 35 percent today. Healthcare spending has risen from 5 percent of GDP in 1962 to 18 percent in 2021. Collectively they have risen from 34 percent of GDP to 53 percent and most critically, both sectors are not particularly interest-rate sensitive.” So spoketh Dr. Elliot Eisenberg. (Today’s podcast can be found here, and this week’s is sponsored by MCT. MCT’s technology and know-how continues to revolutionize how mortgage assets are priced, locked, protected, valued, and exchanged, offering clients the tools to thrive under any market condition. Hear an interview with Lender Price’s Dustin McClelland on how lenders can upgrade or enhance their pricing technology.)

Lender and Broker Products, Programs, and Services

Revolution Mortgage estimates that they can save up to $20,000 in cost on verifications with TRUV over competitors. Femi Ayi, EVP Operations shares how he estimates he is saving 80 percent on his verification costs with Truv in this recorded event. “Let’s talk about our documentation costs and those giant monopolies that are out there and laughing at customers and increasing prices because they have a particular monopoly. You want to lower your manufacturing costs.” Contact TRUV today for your income, employment, insurance, and asset verifications.

When a borrower or Realtor needs an updated pre-approval letter to submit an offer, how quickly can your loan officers turn it around? This quick?

Cutting-edge technology, lower rates, exceptional service… these are many of the claims made by today’s HELOC providers. It’s important to thoroughly research these companies before partnering with them. Check with insiders and peers to learn about their experiences. A company with a solid reputation is worth its weight in gold. Symmetry Lending is a HELOC company you can trust and rely on, offering… SUCCESS: Symmetry’s proprietary technologies and dedicated fulfillment teams deliver industry-leading turn times and streamlined documentation processes. Built on three main principles: service, speed, and simplicity, Symmetry presents a foundation of long-term success for their business and clients. STABILITY: Symmetry began in 2018 with an exclusive focus on HELOCs. Their experienced leadership team has a combined 150 years of industry experience. VALUE: With on-demand staff, service, and resources, Symmetry is committed to creating exceptional, consistent experiences from submission to close. Follow Symmetry on Facebook and LinkedIn to learn more about what differentiates them.

LoanPASS PPE and Uplist have announced a strategic partnership that integrates Uplist’s suite of smart, real-time home shopping tools directly into LoanPASS’s powerful product and pricing engine. This will allow loan officers to provide Uplist’s SmartBuyer™ Tool directly to perspective buyers from their LoanPASS interface. Loan officers will also have remote access to their rates through Uplist Quick Quotes, featuring real-time pricing, which includes detailed calculations for the popular 2-1 buydown. This fusion of technology will enable loan officers to easily deliver real-time, personalized solutions direct to their homebuyers and agents with the click of a button. Lenders and loan officers interested in leveraging this patent-pending technology can learn more by scheduling a no-pressure call with Uplist.

So, you’ve been dying to uncover the mystical wonders of Performance Marketing, right? Look no further! TrustEngine just dropped its Performance Marketing eBook in the digital realm. Hold onto your seats, folks, because TrustEngine is hyping up Performance Marketing like it’s the reigning rockstar of the century. This isn’t your average eBook; oh no, it’s the clandestine weapon of epicness, crafted to illuminate our fabulous community. Learn the differences between traditional and performance marketing; the Mortgage Performance Marketing Platform and crafting a performance marketing strategy in 7 steps. Click here to download the FREE eBook today.

With mortgage volume struggling to recover, now is the perfect time for lenders to focus on their profitability with MCT’s exclusive whitepaper: “Margin Management Best Practices.” Dive deep into the intricate world of margin management, where success in the dynamic mortgage industry is defined. MCT’s Capital Markets Technology Advisor, Cody Echols, unravels the complexities, challenges, and actionable techniques to boost profit margins and navigate lending volumes with agility. Discover the strategic compass for effective margin management: analyze market share dynamics, understand volume trends, and fortify profitability against volatility. Don’t just survive; thrive in the ever-transforming mortgage landscape! Ready to adapt and conquer? Download the MCT Whitepaper and elevate your margin management game.

“As year-end quickly approaches, lenders are hopeful that the recent rate rally continues, which is a great thing if you are originating loans. But what about lenders with servicing portfolios? As we consider a possible change in Fed cycle and liquidity needs, Lenders still have time to execute a trade on their portfolio by year end. Blue Water (“Blue Water Financial Technologies Services, LLC”) can assist lenders to sell bulk MSR, regardless of size. With BlueRATE™, a lender can obtain an instant portfolio valuation and then determine what to sell – whether it be a small geo carve or the entire MSR portfolio. Blue Water can also assist in moving your product quickly with Blue Water’s proprietary SuperTransfer™. With SuperTransfer™, transferring the portfolio to a buyer is easier than ever. Connect with our expert Sales Team to learn more.”

Earlier this year, Zillow Home Loans selected PHH Mortgage to provide subservicing for its residential mortgage portfolio. Following a collaborative onboarding and integration cycle, Zillow Home Loans and PHH completed an initial transfer of loans in August. PHH has worked with Zillow Home Loans to purchase loans on a correspondent and co-issue basis since 2019 and 2021, respectively. As of September 30, 2023, PHH Mortgage’s total servicing portfolio was approximately $296 billion, which included approximately $167 billion of subservicing. Earlier this year, PHH was recognized for servicing excellence for the third consecutive year through Freddie Mac’s Servicer Honors and Rewards Program (SHARP)SM in the top-tier servicing group and for the second consecutive year through Fannie Mae’s Servicer Total Achievement and Rewards (STAR)TM performer recognition. The Company also achieved HUD’s Tier 1 servicer ranking. No other servicer in the U.S. has been more highly decorated with these top awards from all three agencies over the past two years.

Compliance and Supervising LO’s

Our biz is still talking about the November 28 CFPB consent order fining Bank of America $12 million for failing to collect and report race and ethnicity information under HMDA. The CFPB alleges that the bank’s loan officers failed to ask applicants for their race and ethnicity information, and instead recorded that the applicant chose not to provide the information, which the bank reported.

Here is a US Consumer Financial Protection Bureau’s enforcement action. The CFPB ordered Bank of America to pay a $12 million penalty for submitting false mortgage lending information to the federal government under a long-standing federal law. For at least four years, hundreds of Bank of America loan officers failed to ask mortgage applicants certain demographic questions as required under federal law, and then falsely reported that the applicants had chosen not to respond. Under the CFPB’s order, Bank of America must pay $12 million into the CFPB’s victims relief fund.

Hundreds of Bank of America loan officers reported that 100 percent of mortgage applicants chose not to provide their demographic data over at least a three-month period. In fact, these loan officers were not asking applicants for demographic data, but instead were falsely recording that the applicants chose not to provide the information. Why? Because that is easier! It is sloppy, though: If you continually report that 100 percent of your applicants decline to answer, eventually someone will notice.

The issue didn’t spring up overnight. In 2013, BofA made attempts to train and monitor for this issue after noting that its rate of applicants not providing this HMDA information was high. The consent order alleges that in 2016, the bank’s monthly monitoring still showed that several offices and loan officers had information-not-provided rates three to four times the bank’s average, but the bank discontinued its monitoring.

In addition, the consent order alleges that in 2020, the bank found that over 400 loan officers recorded that applicants chose not to provide their race and ethnicity information on 100 percent of applications over a three-month period. The consent order also alleges that the loan officers were not asking applicants for their race, ethnicity, or sex, and instead were “wrongly recording on applications that the applicants chose not to provide the information.”

Capital Markets

Bonds once again climbed yesterday, the third consecutive day of gains, on bets the Fed will be able to start cutting rates in the first half of 2024, though Fed officials have signaled that cuts aren’t coming so soon. The Federal Reserve’s Beige Book for November noted that economic activity slowed since the October report, as four Districts reported modest growth, two reported little change, while six reported declining activity. Discretionary retail sales decreased as consumers showed more sensitivity to prices. Travel remained healthy while demand for transportation services was sluggish. The outlook among manufacturers weakened while demand for business loans dipped. Consumer credit was healthy, but some banks saw rising delinquencies. Demand for labor slowed while price increases moderated but remained at a generally elevated level.

We also learned yesterday that Gross Domestic Product rose at the fastest pace in almost two years (+5.2 percent) while consumer spending advanced at a less-robust rate. The Fed’s preferred inflation metric, PCE, was also revised down to 2.3 percent, signaling rate hikes are working. Put it all together and it paints the picture that the U.S. economy was effectively booming in the third quarter despite higher interest rates, aided by a strong labor market and disinflation that fueled healthy consumer spending activity. The volatility index (VIX) or so-called “fear gauge,” dropped to its lowest since January 2020.

Personal income and spending (both +.2 percent, as expected) and weekly jobless claims (218k, as expected; 1.9 million continuing) led off today’s calendar. PCE was +.2 percent, core flat. After Richmond Fed President Barkin argued yesterday the Fed should keep hikes on the table, which was in contrast with Cleveland President Mester signaling support for standing pat next month and Atlanta President Bostic signaling he is increasingly convinced that prices and the economy will moderate, later today brings remarks from New York Fed President Williams. Markets will also receive Chicago PMI for November, pending home sales for October, and Freddie Mac’s latest Primary Mortgage Market Survey. We begin the last day of November with Agency MBS prices worse a few 32nds, the 10-year yielding 4.29 after closing yesterday at 4.27 percent, and the 2-year at 4.65 percent after a bunch of news that came in as expected.

Employment

“If you are looking for a lifeline to save your people and your business in this challenging rate environment, you have an opportunity to partner with a well-capitalized independent mortgage company with over 40 years of experience. We offer a portfolio product line that gives our origination team the opportunity to quote unique scenarios for DPA, 2nd liens, ARMs, non-owner, Jumbo, Doctor/Professional, and more. Our proprietary coaching program is free to all Loan Officers. Even in this market, we’ve doubled-down on the support we provide, from a dollar-for-dollar marketing match to in-house creative & design services, video marketing, social media, training, and credit services. With unmatched operations support at the branch and corporate levels, your clients and referral partners will be more than impressed. Our company is Fannie and Freddie seller/servicer, FHA, VA, and USDA approved. For a confidential conversation, please contact Anjelica Nixt and mention this opportunity.”

PrimeLending’s Forward Commitment program opens doors to new opportunities for our LOs, offering homebuilders a quick way to move existing inventory without compromising value. By entering a short-term agreement with PrimeLending, builders can secure a block of funds at a significantly lower interest rate, enabling them to pass these promotional rates to potential homebuyers and convert more sales. The success speaks for itself! A builder in the Carolinas turned a $3 million agreement into the sale of 10 inventory homes within just 14 days. Forward Commitment is just one of many examples of how PrimeLending helps LOs redefine the narrative, stay ahead of the competition, and ultimately find new ways to close loans in the local market. Contact Nic Hartke now and discover how a move to PrimeLending can transform your approach and elevate your business. Your advantage starts here.

Don’t forget that the FHFA, which oversees Freddie & Fannie, is hiring.

 Download our mobile app to get alerts for Rob Chrisman’s Commentary.

Source: mortgagenewsdaily.com

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Indianapolis, IN, is filled with an array of museums that capture this city’s rich history. From the iconic Indianapolis Museum of Art, where nature intertwines with art, to the adrenaline-pumping displays at the Indianapolis Motor Speedway Museum, the city offers a handful of experiences for locals, newcomers, and visitors alike. Whether you’re looking to rent an apartment in Indianapolis or purchase a home in the area, these museums collectively bring knowledge, creativity, and inspiration to a city that’s truly one of a kind. Keep reading below to learn more about 7 fascinating museums in Indianapolis that are worth checking out.

1. The Children’s Museum

Renowned as the world’s largest children’s museum, the Children’s Museum of Indianapolis offers an immersive and interactive experience that blends education with entertainment. Boasting five floors, there are many different exhibits that cater to a diverse range of interests, from science and technology to arts and culture. Visitors can learn more about dinosaurs in the Dinosphere exhibit or explore the cosmos in the SpaceQuest Planetarium. 

2. Indiana State Museum and Historical Sites

The Indiana State Museum and Historical Sites pays tribute to the rich history, culture, and natural wonders of the Hoosier State. This institution explores Indiana’s past and present through a range of exhibits and programs. Visitors can delve into the state’s geological evolution, discover the impact of Native American cultures, and trace Indiana’s role in shaping the nation’s history. 

3. Indianapolis Motor Speedway Museum

Nestled within the iconic Indianapolis Motor Speedway, the Indianapolis Motor Speedway Museum is a shrine to the world of motorsports. This museum is perfect for racing enthusiasts, offering the history of the famed speedway and the evolution of auto racing. Visitors can learn more about the legendary Indianapolis 500 winners, explore the innovations in race car design, and gain insights into the dramatic moments that have defined the Speedway’s legacy. 

4. Indianapolis Museum of Art at Newfields

Nestled on 152 acres of picturesque grounds, the Indianapolis Museum of Art (IMA) at Newfields seamlessly blends art, nature, and architecture to create an immersive experience for visitors. The museum’s collection spans over 5,000 years of artistic expression, featuring pieces from various cultures and time periods. From classical sculptures to contemporary masterpieces, the museum provides a comprehensive journey through the world of visual arts. Beyond its galleries, the IMA boasts stunning outdoor spaces, including the Virginia B. Fairbanks Art & Nature Park, where visitors can check out installations and sculptures. 

5. NCAA Hall of Champions

The NCAA Hall of Champions shares the rich history of collegiate athletics. This immersive museum features the stories of student-athletes who have exemplified excellence in their sports and academics. As visitors step into the Hall, they are greeted by interactive exhibits, multimedia displays, and memorabilia that highlight the achievements and dedication of athletes across various NCAA sports. From iconic moments on the field to the triumphs in the classroom, the museum celebrates the holistic journey of student-athletes. A central feature of the Hall is the Hall of Honor, where the accomplishments of outstanding athletes are enshrined. 

6. Indianapolis Medical History Museum

Housed within the historic Old Pathology Building on the grounds of the former Central State Hospital, the Indianapolis Medical History Museum offers a glimpse into the evolution of medical science and psychiatric care. Housed in a beautifully preserved late 19th-century facility, the museum showcases medicine, history, and mental health. Visitors can wander through laboratories, pathology classrooms, and anatomical pathology museum, gaining insight into the medical practices of the past. The museum’s collection includes medical artifacts, equipment, and specimens, shedding light on the progress and challenges faced by healthcare professionals throughout history. 

7. The Eiteljorg Museum

Named in honor of businessman and philanthropist Harrison Eiteljorg, The Eiteljorg Museum celebrates the diverse stories of Native American people and the art of Western and Native contemporary artists. Boasting an impressive collection of Western and Native American art, artifacts, and contemporary works, visitors can explore exhibits that delve into the intricacies of Native American cultures, the beauty of Western landscapes, and the dynamic fusion of traditional and contemporary artistic expressions. 

Source: redfin.com

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North Carolina: Where affordability meets natural beauty

Containing the Great Smoky Mountains and plenty of other parks, the draw of North Carolina is both its natural beauty and the relaxed character of the cities that have sprung up within it. From mountains to coastlines, the cheapest places to live in North Carolina offer affordability in a variety of idyllic cities.

The cheapest places in North Carolina to live for renters

It’s nice to see that some of North Carolina’s most popular cities, for everyone from tourists to college students, offer affordable housing that’s even lower than the state’s average. If you long to live in the mountains, then you’re covered. And if you prefer Piedmont or Coastal Plains, you’re also good.

If it’s time to call the Tar Heel State home and you’ve got a tight budget, start your search here. These are the 10 cheapest places to live in North Carolina to check out.

  • Average 1-BR rent price: $1,359
  • Average rent change in the past year: -4%

Just north of Charlotte, the city of Mooresville is an up-and-coming suburban town with major ties to the racing community. It’s the home of the North Carolina Auto Racing Hall of Fame and earned itself the nickname of “Race City U.S.A.”

The dedication to all kinds of racing runs deep in Mooresville, but the town is about so much more. Residents enjoy easy access to picturesque Lake Norman, the largest man-made lake in North Carolina. You can explore over 520 miles of shoreline that stretches into four different counties.

Heading back into the main part of Mooresville, you’ll also find a small-town feel infused throughout each activity, restaurant and shop. The historic downtown district has that quaint feel many look for when moving out of a larger city.

One particularly unique draw is that Mooresville offers up more than one opportunity to get close to some exotic animals at both the Lazy 5 Ranch and Zootastic Park.

Find apartments for rent in Mooresville

Buy a house in Mooresville

9. Chapel Hill

  • Average 1-BR rent price: $1,794
  • Average rent change in the past year: -1%

The most well-known attraction in Chapel Hill is the University of North Carolina. Pride in the ‘Heels, the ever-dominant basketball team, is so heavy it’s easy to see why die-hards claim to “bleed blue.”

While you’ll find plenty of college students in the area and activities to occupy them, the city has much more to it. A social place, you’ll find regular road races and festivals celebrating everything from antiques to bluegrass music.

To hit the most happening spot in the city, check out Historic Franklin Street. Here you’ll find dozens of boutiques, nightspots and restaurants.

With miles of trails and a paved Riverwalk right through the center of town, there is a lot to explore by foot in Chapel Hill. Very family-friendly — Chapel Hill offers activities that include visiting the Kidzu Children’s Museum, the Coker Arboretum and the Carolina Basketball Museum.

Find apartments for rent in Chapel Hill

Buy a house in Chapel Hill

8. Apex

Photo source: Town of Apex / Facebook
  • Average 1-BR rent price: $1,349
  • Average rent change in the past year: -7%

With a relaxing, small-town atmosphere and the convenience of big-city amenities, Apex works to hold onto its character even as more and more residents join the community.

Get to know the city by taking a walking tour of the historic downtown area. Here you’ll see buildings that date back to the late 1800s — including The Union Depot, listed on the National Register of Historic Places.

Considered one of the most intact, turn-of-the-century railroad towns in the area, Apex takes its history seriously without ignoring the present day. Among the restored buildings you’ll find excellent antique shops and specialty stores — not to mention some highly-revered restaurants.

It’s not all railroads around here though. There’s a nice cultural center in Apex which includes multiple galleries, studio classrooms and a theater.

Find apartments for rent in Apex

Buy a house in Apex

7. Asheville

  • Average 1-BR rent price: $1,544
  • Average rent change in the past year: +6%

Heading into the mountainous, western part of the state, you’ll find Asheville. This perfect town has eateries and craft brew spots that will wow even the most discerning foodie. The downtown area is walkable enough that you can explore this cool city center on foot.

For a step into elegance and history, visit the Biltmore Estate. Walk the grounds, stay on-site for a night or take a more formal tour. It’s the perfect place to snag a one-of-a-kind piece of art to take home!

Catering to more active folks, the Blue Ridge Mountains offer up ideal locations for apple picking, hiking, biking and even ziplining. For those looking for a home with a vibrant arts scene, the Downtown Arts District of Asheville is full of galleries and museums.

Find apartments for rent in Asheville

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6. Greenville

  • Average 1-BR rent price: $915
  • Average rent change in the past year: -3%

Not too far from the Atlantic coast lies Greenville, a charming, historic city that manages to keep a foothold squarely in modern life.

An outdoor person’s Mecca with proximity to the ocean, local swamps, the Tar River waterway and the Greenville trail system — Greenville offers everything from boating to fishing to hiking and much more.

When it’s time to refuel, the area is also renowned for its barbecue and beer. The county puts on a “Brew & ‘Cue” tour that allows patrons to get their “PassPork” stamped at various locations.

Lovingly called the “Emerald City,” Greenville residents appreciate that their beautiful home is also a thriving cultural, economic and educational hub. It’s home to East Carolina University and the Uptown district, where live music, food and art reign supreme

Find apartments for rent in Greenville

5. Winston-Salem

  • Average 1-BR rent price: $1,010
  • Average rent change in the past year: +5%

With a city so nice it earned itself a hyphen, Winston-Salem is one of the more well-known spots in North Carolina. Here you’ll find plenty of history, delicious food and of course, craft beer. There are multiple places to stop around town to sample the latest pour from local breweries.

Mild weather and friendly neighbors combine with a low cost of living to welcome residents to Winston-Salem. Drawing in mostly a younger crowd, thanks to nearby universities, you’ll find many young professionals and growing families. For those families interested in renting a house, the median home price rests at $260,000.

To get a solid dose of local history, visit Old Salem. This area pays homage to settlers from 1766 and is full of historic buildings, costumed interpreters and hands-on experiences.

For those looking for some natural beauty and great shopping, Reynolda Village provides both. Stroll through the gardens before popping into cute boutiques and delicious restaurants.

For exposure to the arts, walk Trade and Liberty streets downtown to see street art, murals and plenty of galleries.

Find apartments for rent in Winston-Salem

Buy a house in Winston-Salem

4. Burlington

Photo source: City of Burlington, NC / Facebook
  • Average 1-BR rent price: $1,087
  • Average rent change in the past year: -3%

Another North Carolina town that owes its existence to the railroad is Burlington. It only sprang up because the North Carolina Railroad needed a place to build, repair and maintain the tracks in the area. Still going strong today, Burlington mixes the old and the new to keep things interesting for residents.

A wealth of history combined with a passion for nature conservancy creates a community in Burlington unlike no other. With plenty of shopping and unique dining options — residents have plenty to enjoy in this city.

Visit the Conservators Center to wander through 45 acres of forested area and see over 70 large and small wild cats who call the area home. There’s also Cedarock Park, a 500-acre nature preserve that’s perfect for hiking, horseback riding and disc golf. This affordable area is rich in golf courses as well, making this town perfect for anyone looking to brush up on golf skills.

For the family, City Park offers a large playground and amusement park rides like a miniature train, carousel and airplane ride.

Find apartments for rent in Burlington

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3. Fayetteville

  • Average 1-BR rent price: $1,035
  • Average rent change in the past year: 0%

Just 65 miles south of Raleigh, the state’s capital, Fayetteville is an ideal commuter hub. Adjacent to Highway 95, you can easily go north to cities like Washington, D.C. and New York or take the southern route to Charleston, Orlando or Miami.

For those who want to keep it local, Fayetteville has a thriving downtown area with retail shops, restaurants and an impressive minor league baseball stadium.

You’ll also find an homage to the city’s rich history at the Airborne & Special Operations Museum and at the North Carolina Veterans Park. For some more natural beauty, make sure to stop into the Cape Fear Botanical Garden. The 80-acre site is only two miles from downtown.

Next door, you’ll also find Fort Bragg, one of the largest military installations in the world. Many military families stationed at Fort Bragg call Fayetteville home, giving it a reputation for being a community of ‘history, heroes and a hometown feeling.’

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2. Greensboro

  • Average 1-BR rent price: $1,117
  • Average rent change in the past year: +14%

Containing the trifecta of attractive qualities, Greensboro is a city with a lot of economic opportunities, affordable housing and an abundance of activity. This eastern North Carolina city has served as an important location in both the Revolutionary War and Civil War, so there’s no shortage of history around here.

For everyday living, Greensboro is a friendly and diverse community that’s perfect for foodies of every kind. Sample the many locally owned coffee shops or breweries alongside the variety of restaurants. Local farmers and native vineyards are big contributors to the menus around town.

A bit of a college town, you’ll find students attending a wide range of schools including the University of North Carolina at Greensboro, NC A&T State University, Bennett College, Guilford College, the North Carolina Zoo and Greensboro College.

Greensboro also plays host each year to the NCAA basketball tournament, bringing in even more college kids than those attending local schools.

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1. Carrboro

  • Average 1-BR rent price: $1,227
  • Average rent change in the past year: -5%

Known to have a progressive vibe, Carrboro is a small town packed full of flare. As far as affordable cities go, Carrboro is rich in offerings. You’ll find craft galleries, indie music venues, progressive theater and exhibitions and more. There’s no shortage of organic grocery stores, farm-to-table restaurants and artsy coffee shops.

Head to Main Street for most of the action around town, including the Carrboro Farmers’ Market featuring local artisans and crafts.

When all the art and culture of Carrboro pique your appetite, this little town has delicious offerings to fill your belly. From burgers to bistros, fine dining to pizzerias, you can eat a different cuisine each day of the week.

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Buy a house in Carrboro

The most expensive places to live in North Carolina

You’ve seen the cheapest places to live in North Carolina, but what about the other side? Fortunately, it’s not all bad. Even the most expensive cities in North Carolina offer up somewhat affordable housing.

Cities like Wake Forest and Garner, which top the list, still maintain an average rent for a one-bedroom of under $2,000 a month. Check out the chart to see where other North Carolina cities fit in.

Ranked City by 1-BR Average + Average Rent

1) Wake Forest: $1,846

2) Garner: $1,501

3) Indian Trail: $1,473

4) Cary: $1,380

5) Charlotte: $1,362

6) Huntersville: $1,341

7) Wilmington: $1,318

8) Concord: $1,294

9) Raleigh: $1,275

10) Morrisville: $1,270

Methodology

Rent prices are based on a rolling weighted average from Apartment Guide and Rent.’s multifamily rental property inventory as of November 2023. Our team uses a weighted average formula that more accurately represents price availability for each unit type and reduces the influence of seasonality on rent prices in specific markets.

We excluded cities with insufficient inventory from our cheapest places to live in North Carolina report.

The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.

Source: rent.com

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Looking to rent in a tight, competitive market or even a specific apartment community? A renter cover letter may not be required, but it could set you apart from the other potential candidates, increasing the odds that you’ll be the one signing that coveted lease.

Approaching the rental process as though you were vying for a coveted job — with a renter cover letter and resume — will leave a lasting positive impression and match the standards and criteria landlords have in place.

What to include

Much like the cover letter you’d send to a potential employer, a renter cover letter should showcase your best attributes for the landlord or property management company and let the decision makers know you’re the best choice among those presented, showcasing your professionalism and responsibility, two qualities landlords prize among tenants. It’s important to understand that a cover letter is supplemental to your required rental application, so only include information not listed in the application.

Property managers have a vested interest in choosing the most qualified applicants for their rental units, increasing the odds that the community rules will be adhered to, that the apartments will be well taken care of and that rent will be paid on time. Keep this in mind when writing your rental application cover letter, bragging and explaining your best qualities and attributes as a tenant is encouraged.

The Fair Housing Act prohibits landlords from discriminating against potential tenants on the basis of things such as race, religion, gender, disability, national origin and sexual orientation. However, they will pore over other criteria, including credit and employment history and the references they furnish, to make their decisions when filling vacancies with the ideal tenant.

If you have great credit and have been steadily employed, include it in your rental cover letter, along with things such as a positive rental history. Tell them who you are, but also who you aren’t. For example, if you’re applying with two other college students, you might be seen as irresponsible, inconsiderate or loud. Include in your cover letter — if it’s true — that you’re study-centric, not the type of people who would throw wild parties or play loud music. Showcasing hobbies that lend themselves to such traits like reading, gardening or volunteering for a local organization won’t hurt, either.

Renter cover letter template

Check out the below template as a baseline for your own renter cover letter, a foundation on which you can build. Simply fill in the information for sections in parentheses ( ), while the section in brackets [ ] is for your information, not to be included in the letter.

Download a Word document of the rent cover letter template

(Your Name) (Address) (City, State Zip)

(Date)

(Landlord or Property Manager Name) (Address) (City, State Zip)

Dear (Name of landlord or property manager),

My name is (Your name) and I have a keen interest in renting the apartment you have available at (Property name or address).

I currently live at (Your current address) and have lived there for (XX) years. I am looking for a new place to live because (reason for moving: closer to home, closer to family, downsizing, etc.). I find your (apartment community/available unit/rental home) particularly appealing because (list specifically why you want to live in this property).

[The next two paragraphs apply only to potential tenants who will be utilizing an assistance program; omit if not applicable.]

While my current monthly income is $(X,XXX), I have been approved for rental assistance through the (name of your program). This program is funded by and administered by (the organization funding the program). A brief fact sheet about the program is attached to this letter.

Per the plan, I will pay (XX percent) of my monthly adjusted income toward rent, enabling me to make rent, in full, each month with no problem. (Program name) pays the remainder of my rent each month.

I believe I’d be a wonderful addition to your rental community — and here’s why. I am employed at (Your employer) and have been working there for (XX) years. In my free time, I (list some interests here and other things about yourself. For instance: play on the company softball team, coach your daughter’s soccer team, volunteer at specific organizations and enjoy hiking and baking. My current neighbors will miss my banana bread when I make the move to your community!)

I am quiet and friendly, a good neighbor who always pays bills on time. Attached you will find my renter resume, along with several references from neighbors and co-workers, as well as staffers from my current rental community.

If you have any questions, please don’t hesitate to call or e-mail me at (Your phone number) or (Email address).

Thank you very much for considering my rental application. I look forward to hearing from you.

Sincerely,

(Signature)

(Printed name)

Have everything ready to go

In addition to having all your paperwork in order, be sure to show up to view the rental property and furnish these documents on time and dressed appropriately. Don’t be afraid to ask questions, or answer them. First impressions count!

With these tips, tricks and templates, you’re ready to write your rental application cover letter to successfully prove you’re an ideal tenant who will pay rent, take care of a rental unit and keep a steady income. Good luck and happy renting.

Related

Sample Letter: Renter Resume

What is a Renter Cover Letter?

Sample Contract: Co-Signer Agreement Contract

Source: apartmentguide.com

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For teenagers, life can often be full of confusing changes and unexpected choices. What may have seemed straightforward in childhood is now complex and challenging. Experiences such as developing relationships, contemplating the future, and deciding about education options or career paths are all part of the teenage experience. Even when we think we know what direction to take, our perspectives on these matters can shift quickly. Below are the top 20 truths for today’s young adults to give them some peace and assurance about all the decisions and change.

1. Take Your Time

Photo Credit: Shutterstock.

One user said, “It’s okay to not resolve something immediately. If someone doesn’t answer your text/WhatsApp/Facebook message, if you need to take some time to think if you want to join in that fun event, if you hear that phone ring and you miss it, If you’re not answering to a social media post, things aren’t going to blow up. Real life requires you to do one thing at a time, well or great, and not a million things.”

Another user replied, “Except important stuff…like finances…pay your bills RIGHT AWAY.”

2. You Will Get Behind Sometimes

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One user shared, “While school has a structure in place to prevent you from falling behind, real life doesn’t offer the same safety net.”

Another user replied, “I will also say that conversely some of the arbitrary deadlines in school don’t apply to the real world. In college, it was kind of teachers being overly lax or strict. In the real world, if something cannot get done, regardless of the time or resources you throw at it, then it won’t get done. Yeah, you may have upset a client, but most of the time, as long as you communicate these issues as soon as possible, clients understand. Of course, it doesn’t always play out that way, but the real world seems to recognize real issues better than school sometimes can.”

3. On Time Is Better Than Perfect

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“It’s better to finish something on time, even if it isn’t perfect, than not to finish it at all,” one user posted.

Another replied, “This is so true. I find this with young grads coming through at work. Smart young people and many/most become good at their jobs… But there seems to be a need for perfection and an expectation they will get the time to achieve it.

“Maybe every generation is like that when young, but I notice it a lot these days. Maybe I’m just getting old. To the list, I would add… you will need to deal with uncertainty. Not everything will be clear and have an excellent tidy answer.”

4. Don’t Always Trust Social Media

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One user shared, “Social media is harmful.”

Another user replied, “Yes, I’ve heard from friends about their teenage siblings falling for TikTok fake news almost as often as I hear baby boomers fall for Facebook fake news lol.” 

5. 30 Is Not Old

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One Redditor stated, “30 is not old.”

Another user replied, “This. Too many people in their 30s and 40s act like they’re already practically in their graves.”

6. Expect Your First Job to Be Hard

Photo Credit: Shutterstock.

One user shared, “That your first job out of college is probably not going to be the cushy WFH jobs you see people have on TikTok. You’re probably going to have to grind for a bit.”

Another commenter added, “Also, you’re probably not going to make 500k doing computer science right after graduating.”

7. Get Advice From Experts

Photo Credit: Shutterstock.

“Your friends are idiots. They have just as much education as you. Take expert advice on what you want to know,” one user posted.

Another user replied, “I’m an older teen who legit doesn’t understand how you could think otherwise from this. I’ve seen teens say that older folks wouldn’t know what we’re dealing with, but that’s the opposite of the truth. They’ve already lived it and more. They would be the perfect ones to know what’s going on and give us advice. Just because we might not like what they say doesn’t mean they’re wrong. That seems like the most logical conclusion to me.”

8. Influencers Aren’t All That Unique

Photo Credit: Shutterstock.

One user shared, “When everyone thinks they’re an influencer, no one is an influencer.”

Another user commented, “I’m not in, nor do I pay attention to the numbers in social media posts. How many followers do you need actually to be an actual influencer? You can’t deny that people like Mr. Beast is an influencer out of the sheer amount of views he gets.”

9. You May Need to Compromise on Your Job

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“Very few people get to ‘do what they love for a living.’ Most adults have to compromise between what they want from life and what they want to give up to get it,” one Redditor posted. 

10. Adult Life Is Challenging

Photo Credit: Shutterstock.

One commenter shared, “Unless your parents have money and are willing to support you, life is about to get a whole lot more difficult.”

Another user added, “The problem is not that you ‘can’t’ walk in and get a job. You can, but you should be aware of the fact that you can lose that job as fast as you call it since they do get tons of applications.

“I used to work at some restaurant that just handed out job applications to every teenager who came there. One of the servers was over 18, and she had been working there for a few years. And when she complained about something to the managers, they just told her that she could either stay and not complain or she could just leave.

“They had a lot of people who could replace her, but those managers should understand that this ton of people who could replace that loyal and great server will leave soon enough and won’t be as good as her. I’m pretty sure that everyone who started working there simultaneously didn’t last even a year. Most stayed for a few months, probably not even half a year.”

11. No One Cares About High School

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“No one cares what you did in high school,” one user shared.

Another user commented, “Jokes on you, after two concussions in my early 20s, I can’t even remember what I did in high school!”

Another user replied, “PREACH!”

12. Take Responsibility for Your Mental Health

Photo Credit: Shutterstock.

One Redditor posted, “That trauma, mental illness, gender identity, sexuality are not justifications for being a bad person. Your mental health may not be your fault, but it is your responsibility.”

Another user added, “Paying rent and buying groceries quickly humbles you. You’re not paying your bills because of your mental health? The landlord will not care.”

13. You Don’t Need Constant Relationships

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“Teen love is a glorified myth from shows and movies. You don’t need to seek relationships constantly. Just live your life,” one user shared.

Another user replied, “Most of my friends laugh in my face when I say that I’m not interested in it yet and say I’m lying, but I just wanna enjoy what’s left of my youth for as long as possible lol.”

14. Be Respectful of Others

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One user posted, “You need to remember that you can’t speak to people IRL the same way you do from your keyboard. You’ll get popped in the mouth.”

Another user commented, “I work with a teenager, and he was going for his license, and the person riding with him told him to go down a certain way. It turns out it was a wrong-way street or something, and he went down it, so he failed. The 16-year-old looked at him and said you’re an a-.

“I was like, you really didn’t say that, did you?! He said well yeah, I did because he was an a-. Kids are gonna have a hard time in the real world. It doesn’t help that he half-a- his job and expects to get paid more.”

15. People Don’t Care That Much

Photo Credit: Shutterstock.

“People don’t care about you nearly as much as you think. Be a good person, but do what makes you happy without stress because people don’t have you In their minds as soon as you turn the corner!” one user shared. 

16. You Need to Adapt

Photo Credit: Shutterstock.

One Redditor posted, “You need to adapt to the world. Not expect that the world will adapt to you.”

Another user commented, “So much this. The world is not going to change for you. The world is not here to affirm you. You must affirm yourself and adjust your behaviours/develop coping skills to adapt to the world.”

17. School Is Not Useless

Photo Credit: Shutterstock.

One user shared, “Schools are not as useless as they think; they do have problems, but it’s been proven over time and time that education is one of the few ways to get out of poverty.”

Another user added, “The complaint that courses that you learn in school don’t ever apply. Like most math courses. They are there to teach you how to think; if you find a job that directly has you doing Matrices with linear algebra, good on you. Otherwise, you know how to approach things from different angles.”

18. Let Emotions Just Be Emotions

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“An emotion can be purely just an emotion, not a trigger, not depression and anxiety and not a reason to have a mental health crisis; sometimes it’s okay just to be sad!” one Redditor posted. 

19. Don’t Pay Too Much for College

Photo Credit: Shutterstock.

One user shared his thoughts and posted, “You don’t need an EXPENSIVE college degree. A private school that makes you take out huge loans to afford it is really not necessary at all. It is unlikely to yield better results. Also, living on campus is massively overrated, and if you can continue to live for free at home, it’s usually a great idea.

“State schools are generally far cheaper and usually of very decent quality. Also, look into EVERY potential scholarship (both merit-based and need-based) you might qualify for. Please fill out the FAFSA every single year and do it early.

“If state college isn’t looking super affordable, maybe there are no scholarships you qualify for that would help out. There’s absolutely nothing wrong with going the community college route. Relative to 4-year schools, community colleges can be dirt cheap and often provide way more flexibility if you want to do school and work part-time.

“Then, after two years, if you want to continue your education and finish up at a 4-year school, you generally can. In most cases, the credits should transfer (especially if the community college and state college are part of the same system), and you get yourself a bachelor’s degree and only pay the sticker price for two years instead of 4.

“If you live in a state that hasn’t taken this seriously and hasn’t invested in affordable higher education options, consider moving to a state that has. Establishing residency to get in-state tuition rates may take a year or more, but this can be worth it in many circumstances.

“Where you got your degree matters less and less these days. The stigma of online degrees is even lessening to a large extent, especially since COVID.

“It’s straightforward to get caught in financial traps when it comes to school, but it’s possible to avoid them. You have to plan things out and stick to what’s realistic so that you know you can see through to the end. Don’t compare yourself to others. You’re running your race. You’re on your path.

“The trades can be great for many. But if you’re not the manual labor type, you may be much better off finding a cheap higher education solution rather than trying to fit a square peg into a round hole.” 

20. You’re Not the Main Character

Photo Credit: Shutterstock.

One commenter shared, “You’re not always the main character.”

Another user replied, “You can go a little more in-depth with this, I think. You’re the main character of your own story. You just need to accept the fact that you’ll be an NPC to the vast majority of people you encounter.”

Another user commented, “Enjoy being the quirky NPC in everyone else’s story.”

Do you agree with the challenging truths that were listed above? Share your thoughts!

Source: Reddit.

Image Credit: Shutterstock – Denis Makarenko

Who is one actress you can never stand watching, no matter their role?  After polling the internet, these were the top-voted actresses that people couldn’t stand watching.

10 Actresses People Despise Watching Regardless of Their Role

These 7 Celebrities Are Genuinely Good People

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We’ve all heard the famous adage that “no publicity is bad publicity,” and while it tends to be accurate, there are certainly exceptions. But what about those few stars who stay out of the limelight and get along without a hint of trouble? 

These 7 Celebrities are Genuinely Good People

These 10 Activities Are an Immediate Red Flag

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Have you ever known someone and thought you liked them—until you learned about their hobbies? Then you get to know them and then you’re like, “Wow, red flag.” Well, you’re not alone.

These 10 Activities Are an Immediate Red Flag

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Some celebrities definitely seem to enjoy the limelight and keep working to stay in the public eye. While others quickly move out of the spotlight. Many of these actors and actresses stepped out of the spotlight to live a more private life without constant media pressures.

10 Celebrities That Made the Big Times Then Disappeared Off The Face of the Earth

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We’ve all been there – sitting through a movie that we can’t help but cringe at, but somehow it still manages to hold a special place in our hearts.

These 10 Terrible Movies Are Still People’s Favorites



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Source: financequickfix.com

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When city approval of a proposed $350 million skyscraper in downtown Los Angeles was on the line, project manager Hamid Behdad knew he had to give in to the last-minute demand of a planning commissioner to quadruple the number of electric vehicle charging stations in the condominium tower.

“When you are in the heat of the hearing in the last leg of the proposal, you aren’t going to say no,” Behdad said, even though he thought the requirement was overkill.

Today, with the Perla on Broadway complete and angling for buyers, Behdad said he is “extremely glad that commissioner forced us” to install chargers on 20% of the building’s parking stalls.

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“If we didn’t have these 90 chargers, we would be in real trouble selling units,” he said.

A Tesla passes in front of the Haven apartment complex in Culver City, right, where Tesla Supercharger stations, Tesla Gen 2 and ChargePoint chargers are available for tenants and visitors in the garage.

(Genaro Molina / Los Angeles Times)

Landlords of apartments, hotels, office buildings and other commercial properties are rushing to avoid similar trouble. And owners of convenience stores, fast food chains, movie theaters and big box retailers are hoping to cash in on EV chargers to lure customers with time to kill as they fill up.

Charging centers are just the first step of commercial landlords scrambling to adjust to a historic burst of change in the world of transportation, with once fantastical notions like autonomous cars and air taxis nearing fruition.

Some companies are building charging centers that are a giant step beyond electrified gas stations. Elon Musk’s Tesla, for instance, is building a whimsical drive-in movie and diner complex in Hollywood where Tesla owners can entertain themselves while loading their batteries.

Fancy L.A. shopping centers such as the Grove and Westfield Century City have chargers, as do the more workaday Walgreens, Walmarts, Subways and 7-Elevens.

The arrival of Tesla’s Model 3 and other more affordable electric vehicles are helping EVs seize market share from gas-powered vehicles, putting more pressure on the historically slow-changing real estate business to get with the times.

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The immediate issue is installing enough chargers to meet growing demand and seize business opportunities. But other advances in transportation technology stand to rewrite centuries-old rules about how buildings are designed and built.

When cars no longer spew toxic fumes and can park and drive themselves, hotel and office lobbies might be designed for cars to drop off people inside and go off and do their own thing. In the not-too-distant future when visitors arrive by electric air taxis, buildings might need a second entrance lobby on the roof for the drones to land. Los Angeles officials are planning for such flying vehicles to be operational by the 2028 Olympics and are looking at how to regulate them.

Rendering of a proposed replacement building for a gas station that could include a coffee bar, co-working offices and meeting space, built around electric car charging stations.

(BMW Designworks / Gensler)

“What happens when you blur boundaries between automobiles and architecture?” said Dylan Jones, a strategic planner specializing in mobility for architecture firm Gensler. “Do you need a garage in the building? Can you sell your car’s energy” to your landlord?

Such technological shifts could require dramatically different building designs, but few developers are looking that far ahead, he said. It’s the nature of the business that typically operates in five-year cycles of building and selling.

“The real estate industry is funny because developers don’t want to speculate about the far future,” Jones said. Developers “want to be able to just peek around the corner and see what’s coming” and be set up to succeed with technology that will exist when the building opens.

Los Angeles developer Walter N. Marks III sees a lure in new technology for a luxury apartment tower he is planning on Wilshire Boulevard with a mechanized parking system that will whisk cars out of sight and charge them if desired.

Tenants will drive their cars onto a movable metal pallet that will quickly park them underground and power up electric vehicles if the resident plugs it in.

At the Helm Bakery parking garage in Culver City, drivers leave their vehicles to an automated parking system.

(Walter N. Marks Inc.)

Marks is already operating a mechanized parking system at Helms Bakery District, a historic collection of shops and restaurants his family owns in Culver City. It doesn’t charge cars, but in the future he wouldn’t install a system that didn’t, he said.

All new automobiles and light trucks sold in California will be required to be zero-emission by 2035. The electric age is here. But the autonomous one is less certain. Marks is skeptical of predictions that consumers will give up their private automobiles in the near future and rely on fleets of robot taxis to ferry them about.

“I do believe that the car culture in Los Angeles is unique and very powerful,” he said. “People take their cars extremely seriously, and I think we need to recognize that and honor it.”

A robotic parking system at the Helm Bakery parking garage in Culver City parks and stacks cars without human assistance.

(Walter N. Marks Inc.)

Jones thinks attitudes about driving your own car may change quickly when autonomous vehicles are reliably safe and data show that people are more likely to be killed by human-driven vehicles than autonomous ones.

“Drivers will become the smokers of the future; they’ll be socially shunned,” he said. “People will look at them and say , ‘Oh, you drove to work today? My kids are on the street. What are you doing?’”

That era is yet to come. At this point, the push is on among housing developers to provide charging stations to the growing number of tenants demanding them.

Socially conscious housing developer Cityview is rushing to add them to its existing apartments, including a building with only eight units, Chief Executive Sean Burton said.

Cityview usually adds as many stations as existing buildings’ electrical systems can handle, he said. Properties that weren’t constructed with charging in mind are often limited in how much power they can supply to chargers.

“In general I think building owners are adopting more slowly than they should,” Burton said. “We try to be more leading edge on sustainability issues.”

An apartment management company that manages 76,000 units for various owners is racing to meet rising demand in part by retrofitting garage electrical outlets to handle 210 volts for Level 2 charging, said Jackie Impellitier, vice president of operations for ZRS Management. That is the common commercial system for charging that takes about three to eight hours. The price of charging is added to tenants’ electrical bills.

“The thing we are all acknowledging is having charging stations is no longer an amenity, it’s a necessity” to attract and keep tenants, she said. “We are going to start losing renters if we don’t have easy and convenient access” to charging.

A bank of Tesla Supercharger stations can be found inside the garage at the Haven apartment complex in Culver City .

(Genaro Molina / Los Angeles Times)

Most apartment developers and owners “weren’t even paying attention to EV drivers” as a category of tenants five years ago, Impellitier said, when Tesla stood practically alone as the provider of electric vehicles. “Now, every carmaker has an electric model.”

Charging stations are commonly installed and operated by third-party vendors. The big expense for landlords is getting sufficient electricity to garages and parking lots to support Level 2 charging. (The lower Level 1, plugging into a common 120-volt electrical outlet, can take more than a day if you’re charging from empty).

Level 3 chargers that can charge a car sufficiently in as little as 20 minutes run on at least 400 volts. They are expensive to set up and require electrical infrastructure not typically found in residential buildings

Automotive data provider S&P Global Mobility estimated in January that there are about 126,500 Level 2 and 13,487 Level 3 commercial charging stations in the United States today, plus another 16,822 Tesla Superchargers and Tesla destination chargers. The number of chargers grew more in 2022 than in the preceding three years combined, S&P said.

Among them are chargers at fast-food and other convenience businesses that hope customers buy things while their cars charge. Earlier this year 7-Eleven Inc. said it intends to build one of the largest fast-charging networks of any retailer in North America and already has chargers in four states, including California. Drivers pay through a phone app.

“7-Eleven will have the ability to grow its network to match consumer demand and make EV charging available to neighborhoods that have, until now, lacked access,” the company said in a statement.

Sandwich maker Subway is rolling out a variation on the theme — charging “parks” with multiple charging stations that also happen to have restaurants. These Subway Oasis charging parks will have picnic tables, Wi-Fi, restrooms, green space and playgrounds, the company said. They’ll be rolled out across the country at new or newly remodeled locations

Drug store chain Walgreens claims to be “the nation’s largest retail host” of chargers with more than 430 locations offering them. Other household-name retailers installing chargers include Ikea, Kohl’s, Walmart, Starbucks, Whole Foods, Taco Bell and theater chain Cinemark.

Additional concepts for charging stations with retail services intended to attract customers with time to kill are emerging.

Tesla, the giant of the EV industry with a growing network of fast chargers, is rolling out what it calls a supercharger diner and drive-in theater in Hollywood that promises an “American Graffiti” style pit stop for Tesla drivers perhaps running 24 hours a day.

Tesla is constructing the charging and entertainment complex on Santa Monica Boulevard — historic Route 66 — near a trendy stretch of Sycamore Avenue that has celebrity-favored restaurants, upscale shops and art galleries.

The car maker paid $16.7 million last year for a corner lot at Orange Drive where a shuttered Shakey’s Pizza Parlor was demolished to make way for the two-story project that could become an iconic venture for Tesla. The plan calls for a restaurant and two movie screens showing features that last half an hour, roughly the time it takes to charge a vehicle.

The complex is to have 29 fast superchargers and five Level 2 chargers available around the clock, while the theaters, visible from both cars and rooftop seating, would operate from 7 a.m. to 11 p.m. A screen of bamboo would shield Tesla’s movies from the street.

On the I-15 freeway between L.A. and Las Vegas, the developers of a charging station set to open in January expect to charge around 10,000 vehicles per month. The 24-hour outpost will have 40 fast charging station around a yet-to-be-announced nationally known coffee seller, said Lester Ciudad Real, co-founder of StackCharge, which is developing the project near a freeway exit in Baker.

The opportunity to charge while parked at the office has also emerged as a must for tenants. A recent survey by real estate brokerage JLL found that tenant-demanded clauses calling for charging were among the least likely to be included in existing office space leases signed in years past but would be the top priority in future negotiations.

But office building owners are stuck trying to strike the right balance. They must keep up with growing demands without overspending on chargers that aren’t needed yet, said Rex Hamre, national director of sustainability for JLL. It’s usually easy to add up to 10 stations, but trying to make even 20% of the spaces charge-ready in a 600-car parking facility could incur steep costs for electrical infrastructure.

“We are still at the cutting edge of this transition,” Hamre said. “Innovative companies are taking advantage of it as an opportunity.”

EV refueling could lead to changes in how cities look in ways that have yet to be fully imagined, architect Jones said. Gas stations in prime urban locations could give way to hybrid buildings with coffee bars, co-working offices and meeting rooms, built around indoor charging points.

“Word Perfect made typing easier, and then computers became more ingrained and it did things a typewriter could never do,” Jones said. “We’re in the early stages where the first EV charging infrastructure we’re seeing is a replication of what we understand is a refueling station. But in the future they’re going to look and feel much different.”

Source: latimes.com

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Indianapolis is probably best known for hosting the largest, annual, single-day sporting event in the world, the Indianapolis 500. But that’s not all this city has to offer. We’ll wow you with some of the lesser-known Indianapolis facts.

Only real locals know the ins and outs of their city. But if you want to learn about Indianapolis’ facts, you’re in luck! We’re about to show you some enthralling facts about this city. These facts are interesting and unusual — some are even mind-boggling. In the end, we’re sure these facts will make you fall in love with the city and perhaps even decide to find an apartment to rent in Indianapolis.

32 interesting Indianapolis facts only the locals know about

1. You must be a sports fan to live in Indianapolis. Alright, it’s not really a requirement but it definitely helps. Sports is a big deal in this city as it’s home to 11 professional sports teams, three national collegiate teams and multiple minor league teams. Of course, it’s also home to the Indianapolis 500. The National Collegiate Athletic Association (NCAA) and the National Federation of State High School Associations have their headquarters in the city, too. Suffice it to say, if you live in Indianapolis, you’re going to hear a lot about sports a lot of the time.

2. Indianapolis isn’t just a hot foodie destination, it’s one of the top farm-to-table foodie destinations in the country. It is, after all, in farm country. However, what’s cool about Indianapolis is that urban farming has taken off in recent years. Locals don’t just rely on food from farms on the outskirts of the city — they can get it directly in town. There are over 134 urban and community farms in the city.

3. If you’re a fan of history and/or the macabre, you might find it interesting to know that Indianapolis is home to the third-largest cemetery in the U.S. The Crown Hill Cemetery encompasses 555 acres and is the final resting place of some well-known historic figures like John Dillinger and James Whitcomb Riley.

4. Another place to visit for those who love macabre history is the Indiana Medical History Museum. This sounds like it’s simply an educational destination, but it’s much more than that. The site was the Central Indiana Hospital for the Insane. On display are old and quite intimidating medical instruments (why do old instruments always look like medieval torture devices?), as well as an anatomical museum (yes, body parts are on display) and a 19th-century autopsy room. Paints quite the mental picture, doesn’t it?

5. Contrary to popular belief, Indianapolis doesn’t get blanketed with snow each winter. Instead, it averages less than the national average and typically occurs in an occasional dusting of snow, rather than a blizzard or downfall type scenario. It does get pretty cold, though, averaging in the 20s to 30s (Fahrenheit), though it can occasionally dip into the single digits. So, be sure to invest in some warm clothes (long johns, anyone?) for those brisk winter months.

6. Indianapolis is the home of Wonder Bread. The Taggart Baking Company created the white, fluffy bread in 1921 and was the first major company to sell sliced bread. Which in turn, gave us something we all know and love — the sandwich.

7. Want in on one of the top Indianapolis secrets? For such a big city, Indianapolis has one of the most affordable cost of living rates in the country. Overall, the cost of living is about 8 percent lower than the U.S. average. And housing costs are nearly 20 percent lower — ideal for anyone looking for apartments to rent in Indianapolis. That’s not to say there aren’t neighborhoods in the city with higher-than-average rental rates. Every city has to have those, right? But for the most part, the cost of living in Indianapolis is quite affordable.

8. Another common misconception about this part of the country is that it’s all cornfields. Indiana actually has an abundance of trees (you totally need to see them in the fall – gorgeous!), hills and stunning parks. Locals love visiting Holliday Park and hiking its beautiful trails, particularly around the White River. Residents of the city say it’s one of the top three parks in the city

9. One of the interesting facts about Indianapolis is that it’s one of the most hospitable cities in the Midwest, if not the country. Locals are so hospitable and provide such great service, in fact, that “Hoosier Hospitality” is an actual thing.

10. If you want a taste of what it’s like to ride around the Indianapolis 500 raceway, you can pay admission to the Indy 500 museum for the Kiss the Bricks tour. You’ll ride a bus once around the track and kiss the bricks at the starting line.

11. Indianapolis was home to Oscar Charleston, a man who had a 43-year career in baseball. His induction into the National Baseball Hall of Fame took place in 1976.

12. Indianapolis has multiple slogans and nicknames, including Indy, Crossroads of America, Circle City, Naptown, The Hoosier Capital/City, The Capital City, City of Churches, Home of the Greatest Spectacle in Racing and The Railroad City.

13. Speedway, Indiana, a suburb of Indianapolis (approximately 12 minutes away), is home to the Indianapolis Motor Speedway. From Sept. 1 through Sept. 6, 1978, there was a series of eight random bombings known as The Speedway Bombings. The bomber put bombs in trash cans and dumpsters, as well as an abandoned gym bag. No one died from the bombings, but a police cruiser exploded, a man was severely injured and the bomber shot a woman at her home before his arrest.

14. The Indiana State Museum is home to one of the most important Abraham Lincoln collections in the country. The collection includes copies of the 13th Amendment signed by Lincoln, as well as copies of the Emancipation Proclamation and personal belongings of the Lincoln family.

15. One of Indianapolis’ best-kept secrets (to outsiders only, of course) is that the Indiana State Museum holds an IMAX theater. This is truly one of the best ways to fully immerse yourself in a film.

16. Indianapolis is host to the OneAmerica 500 Festival Mini-Marathon — one of the largest half-marathons in the country and also named one of the best and most iconic races in the world. The race starts with an IndyCar driver leading each wave of the race in a pace car and includes a lap around the Indianapolis Motor Speedway.

17. According to locals, some of the best places to get away from the hustle of city life include Monon Trail, Canal Riverwalk and Ft. Harrison State Park.

18. Indianapolis is the birthplace of several famous people in entertainment and politics, including:

  • Kenneth “Babyface” Edmonds (singer, songwriter, producer)
  • Benjamin Harrison (23rd President of the United States)
  • David Letterman (comedian, talk show host)
  • Colonel Eli Lilly (soldier, industrialist, founder of Eli Lilly Pharmaceuticals)
  • Wes Montgomery (one of the greatest modern jazz guitarists)
  • Jane Pauley (“Today Show” and “Dateline NBC” correspondent)
  • Dan Quayle (politician, 44th vice president of the United States)
  • Oscar Robertson (basketball player, Mr. Basketball)
  • Major Taylor (track cyclist, world champion, bicycling Hall of Famer)
  • Kurt Vonnegut (author)
  • Madam C.J. Walker (first self-made female millionaire)

19. This city is also the final resting place of several famous people including Ray Brown, a Grammy-winning bass player.

20. Art and culture are important to Hoosiers, so they’ve made them accessible to nearly anyone. For instance, the Newfield’s Museum of Art has free admission one day a week. The Indianapolis Symphony has a Summer Lunch Series — tickets are only $5.

21. Massachusetts Avenue is one of the unique hotspots in the city. It’s great for a night out on the town, as well as some daytime shopping. You’ll find public art that many describe as visionary and live theater that will leave you feeling inspired.

22. It’s an Indianapolis fact that if you want great music and amazing food, you need to go to The Rathskeller. This is a premier fine dining experience where you’ll get to enjoy delicious German cuisine while listening to some of the hottest local bands.

23. Most people know that Indianapolis is the state capital of Indiana. (If you don’t, ask a 5th grader.) But did you know that Indianapolis wasn’t the original state capital? Corydon was the state’s first capital. In 1820, the state authorized a committee to select a new city to become the state capital. After finding a location, the legislature passed a year later to name the new site Indianapolis.

24. The Children’s Museum of Indianapolis is a great place to take your kids — especially on a hot, summer afternoon. And while the attractions and exhibits within the museum are awesome, what’s equally interesting is the fact that this is the largest children’s museum in the entire world.

25. You definitely need to spend an evening at the Slippery Noodle Inn. Not only will you get to hear some of the best live blues in the city, but you’ll love the history of the place. First, it was a stop on the Underground Railroad. Second, John Dillinger once shot the place up. And finally, it’s the oldest continuously operating bar in Indiana.

26. This city has the most interstate legs in the country. Four interstate highways and two auxiliary interstates — I-65, I-69, I-70, I-465 and I-865 — intersect in the midst of the city.

27. A Hoosier penned “Take Me Out to the Ballgame.” The song is incredibly well-known but not everyone knows or remembers who wrote it.

28. Tony Hinkle is a legend in this city. He was a football, baseball and basketball player, coach and eventually administrator. He also invented modern-day basketball. Hinkle is so popular that the basketball court on the Butler University campus — Hinkle Fieldhouse — was named in his honor. The court is famous for the 1954 state championship game that inspired the film “Hoosiers,” as well as for the fact that famous names like Larry Bird and Oscar Robertson played on Hinkle’s court.

29. Elvis Presley performed his last concert in Indianapolis. He died three months later.

30. Duckpin bowling is a sport that was popular in the city (really, what sport isn’t popular in Indianapolis?) in the early 20th century. It’s since gone the way of the dodo in most areas but there are still a few of these bowling alleys in Indianapolis, including Atomic Bowl Duckpin and Action Duckpin Bowl.

31. While the Indy500 is the most iconic motor race in the world, Indianapolis also offers another kind of racing at the Indianapolis Speedrome. It’s basically junk cars racing around a 1/5-mile oval track that’s approximately the size of a restaurant parking lot. Sometimes, they even race old school buses.

32. The gondolas in the downtown canal are authentic. They’re Italian-made and weigh one ton each.

Are you intrigued by our Indianapolis facts?

Learning about a new city is always fun. And even if you’re a resident of Indianapolis, there’s always something new to learn. That’s one of the great things about living in a large city. There are always fun people to meet. Seeing a city from their perspective or from their personal/familial experiences can give the city new life and make you fall in love with it all over again.

Source: rent.com

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