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STARTING WITH A TRIPLEX triplex /tri·plex/ (tri´pleks) triple or threefold.

triplex

triple or threefold.
 in the San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay.  market in 2001, Todd Rehfuss and Scott Fielder entered the rental community arena. After completing successful military careers, they relocated to the Bluegrass Region Bluegrass region

Area of central Kentucky, U.S. The region contains Kentucky's best agricultural land and thus became the first area to be settled. It became known for its abundant bluegrass and became famous for breeding fine horses; the calcium-rich soil imparts its
 of central Kentucky Central Kentucky is sometimes considered the Central and Southern part of the Bluegrass region, the Far Upper Western Eastern Mountain Coal Fields, and the Far Upper Eastern Pennyroyal regions. Its major cities include Lexington and Frankfort.  and purchased a 50-residence community in Lexington. Along the way, Rehfuss and Fielder have acquired apartments ranging from complete rehabilitation rehabilitation: see physical therapy.  and renovation projects to new construction properties.

Q: Raising rent can be a touchy subject for residents. What are some steps you have taken when increasing rents?

A: Fortunately, our submarkets are on the leading edge--rather than the trailing edge--of rent increases. By providing excellent customer service to residents, turnover is minimal and retention up while we maintain rental rates above that of neighboring communities.

When we must raise rents, we communicate the reasons behind the increase. We mention the services we offer and show residents how much it will cost for them to move (i.e., first month's rent, security deposits, utility transfers and general moving expenses). The result is greater retention rates at our communities.

Q: What procedures have you implemented to ensure your apartment buildings and residents are prepared in the event of a disaster?

A: The severe weather that troubles parts of the country rarely comes to Lexington. Our residents are trained from lease signing to call 911 in an emergency, followed by a call to management. If the situation requires that residents evacuate the building or seek shelter in basements, residents know to alert their neighbors.

We encourage residents to call at any time if they face an emergency. Our office phones forward their calls to our business cell phones for after-hours contact. This not only helps us to maintain an excellent occupancy rate Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time
pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred)
, it allows us to quickly respond to the lesser but still important issues that our residents may have.

Q: With the current credit and mortgage fallouts, have you changed your criteria for evaluating the eligibility of prospective residents?

A: Working closely with a resident screening company, we have custom tailored a template that standardizes our resident screening and follows fair housing guidelines. We rely on resident screening, references from current and previous community managers, employment history and forcible detainer A summary and expeditious statutory remedy used by a party entitled to actual possession of premises to secure its possession, where the occupant initially in lawful possession of it refuses to relinquish it when his or her right to possession ends.  or eviction The removal of a tenant from possession of premises in which he or she resides or has a property interest done by a landlord either by reentry upon the premises or through a court action.  judgments. This process, along with a nationwide criminal background check, gives us a full picture of prospective residents' characters.

Q: What is the greatest value NAA NAA

Nomina Anatomica Avium.
 and your local association provide?

A: NAA serves as a common gathering point for the industry. NAA also provides guidance and leadership to assist local associations in the creation and maintenance strong Independent Rental Owners Councils (IROC IROC International Race Of Champions
IROC Independent Rental Owners Council
IROC Independent Rental Owners Committee
IROC Instantaneous Rate of Change
IROC Integrated Repair Operations Center (Sprint)
IROC Intrusion-Resistant Optical Cable
), allowing these owners to thrive through a common bond of small ownership. The information that we have received from our involvement with the national IROC and other committees has opened doors to knowledge and a better understanding of the industry and of NAA.

The Greater Lexington Apartment Association (GLAA GLAA Gay and Lesbian Activists Alliance (Washington, DC)
GLAA Gay/Lesbian Alcoholics Anonymous
) has helped us meet other independent owners and corporate apartment community managers and owners. Their insights have helped our business.

We both are very involved with the GLAA. Todd is on GLAA's Board of Directors and has chaired the Legislative Affairs/PAC Committee. Scott has chaired the Outreach Committee and is currently Co-Chair of the Education Committee. We are both graduates of NAAEI's Advanced Instructor Training course.

Independent Rental Owner

[ILLUSTRATIONS OMITTED]

COMPANY NAME: Rehfield Properties

NUMBER OF UNITS: 80

PLACE OF BUSINESS: Lexington, Ky.

LOCAL APARTMENT ASSOCIATION: Greater Lexington Apartment Assn.

WEB SITE: www.rehfieldgroup.com
COPYRIGHT 2008 National Apartment Association
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

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Title Annotation:Management Insider: Eye on IRO
Publication:Units
Date:Mar 1, 2008
Words:574
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