Five Ways to Create a Powerful Spend Management Program

When revenue management gets more scrutinized during shifts in market cycles (such as is the case now in the apartment industry), focus on expenses becomes more intense. Offsetting deficits of dollars coming in can, in many cases, be achieved by juggling the dollars going out. That seems to be top of mind for many stakeholders,[]

NMHC OpTech 2018: Getting to the BI Metrics that Matter

A treat each year at the National Multifamily Housing Council’s OpTech Conference & Exposition is unveiling or examining apartment industry trends. Every other year, the NMHC/Kingsley Resident Preferences Report forces a few subtle realities of what residents really want. Last November, the report drew oohs and aahs from those who filled the Islander Ballroom at[]

A Breakthrough in Multifamily Accounting

In the age of intelligent software, producing financial statements still involves a lot more labor than it should for multifamily accounting professionals. That’s because in the property management business, most statements include not just financial performance but operational stats as well: occupancy, move-ins and move-outs and other numbers from the field that provide additional insights[]

How Resident Mix Impacts the Conventional Apartment Market

The old real estate axiom of “location, location, location” is taking on a new meaning in the world of data analytics for the apartment market. Property appeal often is dictated by its proximity to transportation as well as schools, restaurants, shopping and other urban amenities. The closer the apartment is to these and other creature[]

Demystifying Multifamily Energy Procurement

A lot has happened to the energy management market in the last 20 years. A few decades ago, pricing was steady, except for when utility companies filed for an increase because they didn’t achieve a desired rate of return over time. As they frequently went to the well, the game began to change. State legislators enacted[]

Three Ways Technology is Accelerating the Student Housing Industry

The student housing market appears to be poised for continued moderation. This year has seen a slowdown in leasing velocity and compression of rent growth, though there have been bright spots. Overall rent growth for U.S. student housing has compressed to 1.4 percent from 1.8 percent since last fall, according to the latest data. Peaks[]

Improving Expense Management with Mobile Facilities

Expense management is critical at any point during a run, but as cycles wane the need for preserving a budget lead or making up lost ground becomes more important. Eyes on spending get sharply focused on all operational facets, especially facilities management. The multifamily industry’s return to “normal” in 2018 has cast more attention on[]

The Near Future of the U.S. Apartment Market

The U.S. apartment market gained a bigger spark than most anticipated in the third quarter, a needed boost as the market approaches the seasonally slow year-end period. Annual rent growth of 3 percent for the quarter marked a shift from slowing price increases since the end of 2015. Strong leasing activity and tightening occupancy were[]

Three Solutions to Elevate Student Housing Industry Performance [eBook]

It’s never been a more exciting time to be in the student housing industry. In the last 20-plus years, student housing development has exploded, reaching a pinnacle in the last few. While the industry has normalized in recent months, the business approach continues to evolve. Changing market conditions dictate performance visibility down to the bed[]

Bridging the Gap Between Introvert and Extrovert Employee Learning

Bridging the Gap Between Introvert and Extrovert Employee Learning

There are unlimited ways to divide people into personality groups, but one of the most common is to separate “introverts” from “extroverts.” You probably know which of these categories you fall into, and it would be wise to consider which category your employees fall into. A learning platform that bridges the gap between the two[]

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