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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Multifamily Color Trends: The Right Hue for You

As the multifamily industry continues to find new ways to attract and retain residents, the color mind-set of interior paint design in 2015 remains a steady driver in helping residents feel at home in their apartments. Experts have long contended that color affects mood. Reds are associated with fiery warmth and rage, while blues represent […]

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5 Ways to Target Millennial Renters

Appealing to Millennial Renters Millennials are anticipated to overtake Baby Boomers as soon this year as the largest generational segment. In addition to the size of Gen Y, their potential buying power has grown to upwards of $200 billion annually. Whether it’s the close proximity to public transportation or a pet-friendly atmosphere, there are a few ways […]

Carpet Maintenance
 

Carpet Diem! 4 Ways to Preserve the Life of your Carpet

You can almost figure that the carpet in an apartment unit will probably have to be replaced long before the Style Police make a call.  Picture walking into a recently vacated unit and seeing a year’s worth of coffee spills or discolored areas that just won’t come clean and you’ll get the idea. The deposit […]

Multifamily
 

What Does the Construction Date Reveal about the Apartment Stock?

Real estate investors are obsessed with numbers – recent sales, price per unit, cap rates, lease comps – the list goes on. But the obsession goes beyond the numbers. By trying to accurately predict the future, investors look at each data point as an opportunity to read between the lines to gain insight and an […]

Renters Insurance
 

Renters Insurance: Top 10 Questions Residents and Landlords are Asking

It only makes sense that a robust apartment market that has driven high occupancies would heighten the need for liability protection for resident and landlord. With each unit filled, odds makers will tell you that risk for loss increases. A growing demand for renters insurance Demand for renters insurance has risen since 2008 when the […]

Millennials in Suburbs
 

Why Millennials are Migrating to the Suburbs

America’s shift to the urban core has grabbed headlines in recent months. The glamour of big-city lights and high-rise apartment living seemingly have captivated many demographics, especially millennials, and overshadowed the suburbs. Away from the neon and glitter, the street lights in the ‘burbs are far from flickering. Submarkets close to city centers and farther […]

Vinyl Plank Apartment Flooring
 

Is Vinyl Plank Flooring the Latest Apartment Trend?

The apartment industry is finding better ways to keep from getting floored by high turnover costs when it comes to providing effective walkable surfaces under residents’ feet. Hard-surface floors are replacing many carpeted areas in apartments, and going down by offering long-term savings to property owners and a more stylish look for renters. Vinyl plank […]

Apartment Landscape
 

Get Green this Spring: A 3-Month Apartment Landscape Plan

A beautiful apartment landscape is a work in progress that requires a solid plan, good timing, and some patience. It’s no secret that a great looking apartment landscape has the kind of curb appeal that will catch the eyes of not only existing residents but prospects. With spring around the corner, now is the time […]

Bed Bug Prevention
 

Fight Back: 5 Tips to Protect Against Bed Bugs

New information on the apartment industry’s Public Enemy No. 1 is a reminder that vigilance is Job One. A recent report identifies that bed bugs are capable of transmitting the parasite that causes Chagas disease, which the Centers for Disease Control (CDC) lists as an emerging infectious disease. Bed bugs have been found to carry […]

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Efficiency by Design: Cost-Saving Apartment Concepts

A big topic of discussion for apartment developers for 2014 was high construction costs, driven both by more expensive materials and higher labor resulting from manpower shortages. A few years ago, building efficiencies were not top of the list for clients who sought new designs for multifamily dwellings, CEO Mark Humphreys said recently. However, that’s […]

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