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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Spend Management: Save Money by Standardizing your Property

The scenario is all too common in the multifamily housing industry. An apartment portfolio will unnecessarily spend itself out of a good thing. The fruits of years of planning and executing the next move in a major market or acquiring a new set of properties are slower to come simply because a spend management program […]

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Is Apartment Supply Heading to Where Households Are Forming?

What do household formation and apartment supply have in common? MPF Research looked at the relationship between total household growth and apartment supply growth among the top 50 U.S. metros, since the recession. Overall, we found that there is a linear relationship between the two. But by region, clear differences emerge, especially when viewed in […]

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6 Reasons Why Properties Should Consider an E-Payment System

There have been incidents of paying residents, being wrongly targeted for eviction, as a result of swiped rent checks. Also, an instance of a site employee, charged with manipulating the books to divert tens of thousands of dollars in money orders into a personal bank account. A property management company painfully realizing that over the […]

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10 Quick and Easy Ways to Winterize your Property this Season

Frigid, blustery weather approaches many parts of the country, and property management companies potentially face the wrath of Old Man Winter. An arctic blast can be especially costly for those who aren’t prepared. Ed Wolff, President of Leasing Desk Insurance, says apartments can help minimize the potential for damage from frozen pipes and fire by taking […]

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Coefficient of Variation: A New Way to Define Investment Risk

When the topic of risk management comes up, executives immediately think about business risk, while investors consider risk-adjusted returns. But few ever contextualize risk management as a tool to efficiently allocate capital. The foundation of risk management – the way in which risk is measured – is a calculation surrounding the spectrum of possible results. […]

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How to Keep the Flu and Other Viruses Out of your Community

The country’s annual flu epidemic has begun building momentum for about a five-month journey that will keep some workers from working, children from going to school and seniors at their bedsides. Influenza or flu seasons are unpredictable and can be severe, cautions the Centers for Disease Control and Prevention (CDC). While prime flu season is […]

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Raleigh’s Apartment Performance Is Better Than Perceived

As the first apartments began to come on stream a couple of years ago in the nation’s current wave of new supply, the two metros that topped the list for short-term vulnerability, according to most analysts, were Washington, DC and Raleigh. Because these spots had performances that held up comparatively well during the recession, they […]

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5 Easy Tips to Help Managers Improve Forecasting

Budget preparation for 2015 is entering the home stretch for many companies, and soon performance will dictate how well the numbers have been prepared. How well a budget performs is determined by a number of factors, such as changing economic conditions, market behavior, and management practices. Consistent forecasting helps leadership see a snapshot of where […]

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The Inland Empire’s Apartment Market is (Finally) Heating Up

Riverside/San Bernardino, one of the poster-child markets of the recession and a late-recovery market, has seen apartment fundamentals surge of late – with occupancy rates and rent growth levels hitting long-time highs.

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ENERGY STAR® includes Broader Scope of Apartments in Rating System

The multifamily housing industry finally has its long-awaited energy rating system that now covers the whole nine yards. In September, the Environmental Protection Agency (EPA) rolled out its new 1-100 ENERGY STAR rating system, culminating a three-year effort to create an equitable energy efficiency scoring system for multifamily properties. Beginning Sept. 16, apartments of all […]

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