Property Management

Property management involves the processes, systems and manpower required to manage the life cycle of rental housing properties, including acquisition, control, accountability, responsibility, maintenance, utilization and disposition. There are many facets to this industry and profession and PMI covers them all.

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Three Types of Metros with the Most Renters

Across the country’s largest metros, residents of the Los Angeles-Orange County area have the highest propensity to rent, rather than own, their housing. Census Bureau information shows that rental units are the choice for 52.4% of all households in this locale, compared to the U.S. norm of 36%. The key influence behind the high propensity […]

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Going Smoke-Free in Government-Subsidized Housing

Recent data released by the Centers for Disease Control and Prevention (CDC) regarding the benefits of going smoke-free in government-subsidized housing raises points to ponder for residents and landlords. In this study done by the CDC, going smoke-free in all government-subsidized housing would save an estimated $497 million per year in housing costs and related health […]

Boston Apartment Market
 

How is Boston Handling Big Wave of New Apartments?

Boston is one of the few Northeastern metros seeing strong economic growth. And yet, apartment rent growth remains below the U.S. norms. Is new supply to blame?

Westers Station Clubhouse
 

The Great Outdoors: Creating a Community for your Residents

Last year, the 202-unit Western Station repurposed a seldom used laundry room and volleyball court into a cozy community area that encourages residents to gather and relax, and hopefully entices prospective residents on board. It’s too early to tell how well a new outdoor gathering spot charged with all the king’s men is contributing to […]

Miami Skyline
 

Early 2015’s Apartment Demand Leaders

The nation’s apartment demand volume in Q1 2015 proved very impressive. Preliminary figures show that absorption across the country’s 100 largest metros came in at roughly 64,300 units, a jump of 55% from the demand tally seen during the initial three months of 2014. Helping push up those apartment absorption stats, job creation in early […]

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Homeownership Trends by Age of Household

What does the propensity to rent tell us about the renter pool? You can gain a new perspective by breaking down complex subject matter into smaller digestible parts. When analyzing the apartment sector, factors that determine the health of the market could be simplified into three core data points: capital market, labor market, and demographics. […]

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‘Tis the Season to be Leasing: Getting your Property Prepped for Spring

Peak leasing season is upon the apartment industry. Spring is historically the time of year that renters are on the move and looking to upsize, downsize, get a better deal or simply relocate. A recent poll suggests that nearly 25 percent of renters will be looking for a more affordable apartment in 2015. While renters […]

Houston Apartment Market
 

No Signs of a Slowdown (Yet) in Houston’s Apartment Market

With oil prices plunging in 2014’s second half, energy-dependent Houston was on everyone’s watch lists going into 2015. Did Houston’s hot apartment market show any signs of slowing down in 2015’s 1st quarter?

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In “Good” Suburbs, Apartment Investment Returns Match the Urban Core

Investment research groups across the country have proven time and again that central business districts trump suburbs for apartment investment returns. That conclusion has guided an urban-centric strategy in recent years, yet it deserves a large, overlooked asterisk mark. Within the nation’s core 50 markets, 88% of all apartment units are located outside of CBDs. […]

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Creating Pollinator-Friendly Gardens can Benefit Bees and Properties

With pollinator-friendly gardens, apartments can add a little color and variety to their landscapes and at the same time help preserve the bee population. The bee population, which pollinates flowering plants that help produce up to a third of the world’s food, has been in significant decline in recent years. The National Pest Management Association (NPMA) is […]

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