Housing guide

On Key. Off Campus.

BSU Off-Campus Housing Fair 2012

PAGE 2B HOUSING GUIDE THURSDAY, NOVEMBER 15, 2012

PAGE 3B HOUSING GUIDETHURSDAY, NOVEMBER 15, 2012

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Ball State alumnus Terry “T.J.” Fields has received the Tessie Agan graduate student research award from the Hous-ing Education and Research Association (HERA). Dr. Carla Earhart, Professor in the Depart-ment of Family and Consumer Sciences, supervised T.J.’s the-sis and accepted the award on his behalf at the recent HERA conference held in Roanoke VA. His research (A Hedonic Model for Off-Campus Student Housing) examined the value of location in maximizing rent in six university markets. Find-ings indicate that locating student housing within one mile of campus results in an average

rent premium of 16 percent, while locating student housing four or more miles away from campus results in an average rent discount of 13 percent. This information is valuable to student housing developers as they evaluate potential sites for student housing. Fields earned an M.S. in Family and Consumer Sciences with an option in Residential Property Management (RPM), along with an MBA from the Miller College of Business. He is a Community Director with Weidner Apartment Homes in Anchorage, Alaska and also serves as an adjunct faculty member for the University of

Alaska RPM Program. Earhart was the recipient of the HERA Tessie Agan award herself when she was a gradu-ate student and feels privileged to work with students like T.J. Residential Property Manage-ment is a growing academic field with a great need for ad-ditional research.

Students interested in study-ing Residential Property Man-agement should contact Profes-sor Earhart ([email protected]) for information about course-work and career opportunities in RPM. Dr. Carol Friesen serves as graduate student adviser in the Department of Family and Consumer Sciences and can be reached at [email protected].

RPM Alum Receives National Award for Student Housing ResearchResearch on location and it’s effects for maximizing rent.

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Graduate college, get a job, buy a house. Isn’t that the American Dream? Today’s college students may find that renting is a better fit for their lifestyle and their budget, even after they graduate.

Low house prices, low down payments, and low interest loans make home ownership seem like an attractive option. But first time home buyers (and even experienced ones) often

fail to consider the additional costs – like insurance, taxes, maintenance, and yard work. A new roof or furnace isn’t cheap!

Renting shifts those expenses (and effort) to the building owner. In addition, renting an apartment may come with lifestyle amenities – like a swimming pool, fitness room, and clubhouse – not typically found in a traditional neighborhood.

Home ownership is an especially bad investment if you stay in the home for less than five years, since most of the mortgage payments during that time go toward interest, not principal. But renting allows you to be more flexible, moving to another area when a new opportunity arises, without the need to try to sell your house.

Buying a house has its advantages too – privacy, perhaps a yard, the ability to use the house as you please, and the potential for equity and appreciation. Anyone considering home ownership should go into it with their eyes wide open, fully aware of the obligations. In the current economy, college students may decide to rent even after graduation.

Renting Vs. BuyingAfter you graduate, is it best to rent or buy?

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THURSDAY, NOVEMBER 15, 2012 PAGE 7B HOUSING GUIDE

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As a result of a Creative Teaching Grant, a group of students are looking at housing issues in a new way. The project “Reflections of the American Housing Dream” allows students to discover the many ways that housing is portrayed in our society. Dr. Carla Earhart, a professor in the Residential Property Management Program in the Department of Family and Consumer Sciences is leading the project.

Students searched for housing images in a variety of visual media – fabric, jewelry, paintings, photography, and even household objects like kitchen canisters and salt and pepper shakers. What students found was that the overwhelm-ing majority of these objects show an artistic representation of a traditional house, not an apartment, duplex, townhouse, or mobile home.

In addition, students watched movies, listened to music, and read books to discover the housing-related messages in the stories. What they found was that many of these stories glam-orized the concept of owning a house whereas the characters renting an apartment often held a lower social status.

Earhart’s research focuses on housing norms. Traditional

housing norms suggest a belief in the American Dream of owning a single-family detached house. Earhart aims to discover the basis for these beliefs by examining representations of housing in American culture.

Through a project at the Virginia Ball Center, Earhart will take her research even further. In spring 2012 an interdisciplinary group of students will spend the entire semester examining housing messages that impact children. The immersive learning experience will examine children’s toys, books, songs, movies, and games to determine the housing messages in these products. Results of the investigation will be shared in a website directed at preschool and elementary teachers, as well as a documentary for the general public.

Beyond these projects, Earhart wants to continue to work with college students to open their eyes to the housing messages found in American society. Her work is being used as the basis for a proposed new course on housing and society. Ideally she would like to someday work with groups of students to create artistic representations and children’s books and toys that depict a broader array of housing options.

American DreamIs the American Dream owning a single-family detached house?


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Student housing is a billion dollar business and continues to grow with increases in both the number of college students and their housing demands. According to Dr. Carla Earhart, Professor of Residential Prop-erty Management (RPM) in the Department of Family Consum-er Sciences, Ball State students want to learn more about this niche market. As an RPM graduate student, T.J. Fields saw the need for more education in student housing. Because there was no such course at the time, Fields completed an independent study in student housing. He used this new knowledge and his own experiences in student housing to represent the Ball State RPM

Program as a panelist at the National Apartment Association Student Housing Conference. Fields went on to complete his thesis on the topic of student housing, and co-authored an article on student housing with Dr. Earhart for the 2012 Ency-clopedia of Housing. While completing gradu-ate coursework in RPM at Ball State, Kay Piotrowicz contin-ued her work in the marketing department of Flaherty and Collins Properties in India-napolis. As the company built and acquired more apartment communities near universities, she saw the need to learn more about student housing. As a result, her graduate project was to establish the framework for a

course in student housing. Earhart was able to draw upon the previous work of Fields and Piotrowicz to create an elective course in Student Housing. The course was taught as a graduate seminar course in Fall 2011, and drew students not only from RPM but also from Student Affairs. Kati Blackburn’s interest in student housing stemmed from her work as a leasing consul-tant for local student housing provider American Collegiate Communities. As an RPM graduate student, Blackburn enrolled in the Student Hous-ing seminar and enjoyed the opportunity to immediately apply what she learned in the classroom. She also enjoyed

learning more about on-campus student housing from interac-tions with students in the Stu-dent Affairs graduate program and guest speakers from Hous-ing and Residence Life. The collaborative effort of Earhart, Fields, Piotrowicz, and Blackburn to develop and im-plement this graduate course on Student Housing was recently presented at the annual confer-ence of the Housing Education and Research Association. Earhart looks forward to the potential to offer this seminar course again in the future.

Student Housing is Big Business…And Students Want to Learn More!


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As you pay your rent, have you ever stopped to consider how much money an apartment community takes in each month? Do the math and you’ll realize that the apartment industry is big business!

According to statistics from the National Apartment Asso-ciation, the average apartment community is valued at over $20 million, with an annual budget of over $2 million. The industry employs over 700,000 individuals that serve the needs of over 81 million residents.

These property management professionals not only meet the basic housing needs of the residents, but also do main-tenance, snow removal, and yard work. There has been an increase in “renters by choice” – individuals that can afford to purchase a house but instead choose the lifestyle of a rental apartment that includes a fitness room, swimming pool, business center, and dog park. Many upscale apartments offer fitness classes, social events, onsite movie theaters, and other amenities for their residents. In additional to serving the

residents, professional property managers also address the business needs of the owners of the apartment community by acting as the owners’ agent. This requires a vast amount of knowledge and skill in legal, financial, construction, marketing, management, and customer service issues.

Property management professionals are well-compensated for their knowledge and skill with generous salaries, plus bonuses and commission for meeting and exceeding company goals. Standard employee benefits include life insurance, health insurance, paid vacation, and retirement plans. Unique to this industry is a housing benefit that provides reduced or free rent for onsite staff.

The Residential Property Management (RPM) program at Ball State provides the education needed to succeed in property management. Located in the Department of Family and Consumer Sciences, the RPM program includes an undergraduate RPM major

and minor, as well as an RPM graduate program. New this year is an apartment management certificate at the undergraduate level.

As one of only a handful of RPM academic programs nationwide, Ball State students are in high demand for internships and permanent positions. Many students have interned and/or are engaged in successful careers throughout Indiana, but also in Chicago, Seattle, Austin, Washington DC, Charlotte, and Denver. Students receive multiple offers for internship and permanent positions, sometimes a year in advance.

Reports from employers indicate that the students are in high demand due to the combination of outstanding classroom instruction (by faculty that have received national awards for theirteaching) combined with practical application of classroom knowledge through multiple job shadowing experiences, field trips, internships, and hands-on projects.

Added to the excellent education are the networking opportunities provided by the RPM Advisory Board. Over 30 property management professionals, representing regional and national companies, meet with students at least twice a year for networking and awards events. In addition these program supporters serve as guest speakers, field trip hosts, and internship supervisors. The mentoring relationship between students and members of the advisory board extend beyond the students’ time on campus, generating lifelong professional friendships.

Apartments are certainly more than a place to live. The apartment industry can also be a great career.

For more information about the Ball State RPM Program, contact program director Dr. Howard Campbell at [email protected] , visit the RPM website at www.bsu.edu/fcs/rpm, or find out more about online RPM courses at www.bsu.edu/distance/apartment.

Apartments - Much More Than A Place To LiveRenting has less hassle then buying.

RPM Program Online resources

www.bsu.edu/fca/rpm

www.bsu.edu/distance/apartment

Contact:Howard [email protected]


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