Home Rental Market Strong

Monday, January 19th, 2009

With the housing market in retreat, lower prices and a stalled lending sector making it more difficult than ever for would-be homebuyers to qualify for mortgages, the rental market for single family homes is stronger than ever.

Many property management companies, such as Minnesota Home Rental Inc. report a shortage of available rental properties in the metropolitan areas, where home depreciation rates of as much as 20 percent are driving a fierce home rental market, forcing those hoping to turn a profit on their investments to consider renting just to keep the bills paid until the market reverses and sales go up again.

The company’s Web site features a highlighted post sighting a need for more homes to accommodate their rising number of prospective tenants and a startling 13-day vacancy rate.

That rental housing vacancy rate mirrors the same vacancy rate that was dominating in the go-go days of the buying boom just before it busted in late 2003, when potential homebuyers across the country found themselves caught up in bidding wars and paying as much as twice the seller’s asking price just to get in on the market, in some cases, according to the National Association of Realtors.

The bright spot in this scenario is that the MN tenant screening process, and that of other rental companies across the state, is also moving more quickly for owners, as they find a significant number of would-be renters are coming to the market with the same good credit, income and verifiable references that they would otherwise be taking to the mortgage lender for approval on a home loan.

So, while the market retreats, homeowners can take some satisfaction in knowing that, if they can’t sell their home, they can very likely find a good tenant to live in it and keep the mortgage payments on schedule until the real estate sector comes back to life.

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OSHA Guidelines On Flame Resistant Clothing

Sunday, January 18th, 2009

Heat, fire, combustible dust related explosions can all cause severe burn injuries and fatalities for workers in the construction, electrical and related fields, as well as firemen and other emergency crews.

That’s why it’s so important that these workers and others who may be exposed to these hazards wear some form of protective work wear, including flame resistant clothing, also known as FRC.

There are many companies out there catering to the needs of these workers by offering a wide supply of clothing designed for men and women, including Carhartt coats, waterproof overalls, high visibility vests and outerwear and hats, gloves and flame-resistant accessories.

But all the best gear in the world won’t cut it when it comes to protecting the crew if management doesn’t enforce standards for properly protecting their workers.  You might want to take a few tips from  David Osbon, product manager at Unifirst uniforms and services.  He’s put together a pretty thorough podcast on the importance of wearing FRCs, particularly when it comes to handling combustible particulate solids that generate combustible dust.

In his podcast, Osbon contends that many manufacturing facility managers are not aware of the fire hazard from combustible dust explosions and that in many of these instances, when vapors carry the potential for flash fires and explosions, that wearing FRC is actually a requirement by OSHA.   In fact, the  OSHA general duty clause requires that employers provide FRC’s to all employees when a hazard is potentially present from combustible dust related fires and explosions. Furthermore the OSHA Dust NEP states:

Visit the site and listen to the podcast for much more information about OSHA and FRCs.  If you’re in the market for your own FRCs, or for heavy duty outerwear, try any retailer offering products from the Carhartt line.  These folks have been in the business of providing top-quality workwear, including FRCs, for many years.

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