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.

Eco-friendly city
 

Go Green: Rebates Available For Energy and Water-Saving Projects

Money that’s available to offset costs of energy-saving upgrades for apartments is getting more plentiful, plus it’s easier to find. Utility companies and municipalities in many states offer rebates, incentives and demand-response programs to the tune of billions each year to encourage federal facilities and consumers to cut energy use and demand. Incentives range from […]

shutterstock_248371357
 

What’s Hot: New Stovetop Technology to Prevent Kitchen Fires

Electric stovetops of the future will come with built-in sensors to help reduce kitchen fires Built-in sensory technology that shuts off electric coil burners to prevent kitchen cooking fires is about to become a hot commodity. The appliance industry and fire prevention officials are close to implementing a newly adopted standard that will require all […]

resident screening
 

Smarter Screening, Richer Revenues: Improving the Bottom Line

Renters are devoting an increasing share of their incomes to monthly rent, and not just in the big cities. Nationwide, more and more people are finding it hard to live by the “30% of income” principle to pay for their housing.  This has a direct impact on resident screening, where most rejections are driven by […]

distressed multifamily property
 

Hidden Gems Await in Distressed Property Market for Multifamily Sector

Amid the new, glass high-rises and trendy podiums going up in the urban core and beyond are still some hidden gems. Bank distressed homes or apartments that need repairs await the right kind of owner who can add polish and create a comfortable, safe residential experience. The playing field for distressed property landlords doesn’t include […]

Apartment Resident Retention
 

Apartment Resident Retention Rates Remain High

Even with surging levels of new supply and substantial rent growth, apartment renters continue to renew leases at historically high levels nationally. Which metros saw the best and worst retention rates?

brand advocates in property management
 

Get People Talking: Leveraging the Power of Brand Advocates

Brand advocates or ambassadors aren’t new to business today. For years, celebrities handsomely hired as brand ambassadors have pitched everything from watches to furniture to Jell-O to credit cards. Can you remember Joe Namath in pantyhose? Brand ambassadors don’t work for free. In some cases, they earn more money than they bank in their profession. From […]

Revenue Management
 

Embracing Change: How to Adopt a Revenue Management System

Residents are paying more for new leases and renewals at the highest clip since its peak four years ago, according to recent data by MPF Research. Plenty factors into what has become a faster start to 2015 than what many predicted for this year. Simply, it’s a great time to be leasing apartments and getting rates […]

DCIM101GOPRO
 

Power in Disruption: The Best User Conference in Multifamily Just Got Real

RealWorld 2015 User Conference The 2015 RealWorld User Conference was equal parts inspiring, educational and fun–a true breakout event for the multifamily housing industry and diversion from the RealWorld User Conferences of old. With sunny San Diego as the backdrop, the conference featured big brands like Yelp!, Marriott, Zillow, The Home Depot, HomeAway and StayAlfred. Over […]

Tree Health
 

The Root of the Problem: Paying Attention to Tree Health

Research shows that the presence of trees in a community encourages people to be more physically active, and, in general, affects their attitudes and behaviors. In addition, leafy and healthy trees can make a big contribution to the well-being of an apartment community, providing a great aesthetic value for residents. The big, tall oak may […]

Memphis
 

Employment Concentration By Metro: Memphis

The mix of jobs in a metropolitan area has significant impacts on the local apartment market. For this reason, MPF Research has identified five U.S. metros that have outsized exposure to certain industries. The data for these rankings were obtained via the Bureau of Labor Statistics as of April 2015. In this blog series, we’ll […]

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