Christine Bright is Vice President of RealPage Budgeting and Accounting for RealPage, Inc. She has 21 years of property management experience that includes roles as property manager, regional manager, district manager, asset manager and national education director for large multifamily companies.
Influenced by Baby Boomers and Millennials, the home remodeling market is cruising at high speed, continuing to gain momentum since the housing crash nearly a decade ago. Recent reports by the Joint Center for Housing Studies at Harvard University (JCHS) and the National Association of Home Builders indicate that homeowners and renters are craving new[…]
It’s crucial for property management professionals to find innovative ways to connect with prospects and generate business, and social media is a powerful tool to help. For this reason, Property Management Insider has created a weekly series to keep readers up-to-date on the latest trends and updates in social media. Here’s what’s new in social: Twitter[…]
It’s crucial for property management professionals to find innovative ways to connect with prospects and generate business, and social media is a powerful tool to help. For this reason, Property Management Insider has created a weekly series to keep readers up-to-date on the latest trends and updates in social media. Here’s what’s new in social:[…]
It’s crucial for property management professionals to find innovative ways to connect with prospects and generate business, and social media is a powerful tool to help. For this reason, Property Management Insider has created a weekly series to keep readers up-to-date on the latest trends and updates in social media. Here’s what’s new in social:[…]
It’s crucial for property management professionals to find innovative ways to connect with prospects and generate business, and social media is a powerful tool to help. For this reason, Property Management Insider has created a weekly series to keep readers up-to-date on the latest trends and updates in social media. Here’s what’s new in social:[…]
The National Fire Protection Association (NFPA) says the holidays are a time when fires, especially those resulting from cooking, are most likely. Thanksgiving is the peak day for home blazes, when fires are three times more likely than average to occur. Christmas Day and Christmas Eve are the second and third most active days for[…]
It’s crucial for property management professionals to find innovative ways to connect with prospects and generate business, and social media is a powerful tool to help. For this reason, Property Management Insider has created a weekly series to keep readers up-to-date on the latest trends and updates in social media. Here’s the latest in social[…]
Cross-Device Measurement, “Native Ad” Simplification and Automation of Deal Terms to Boost Effectiveness of Online Marketing Three important changes coming online at Google are going to help savvy property managers more effectively advertise, evaluate results, and even ensure their advertising agreements are accurately carried out. Share the following information with your marketing people to be[…]
Drought is easing across the Plains and Midwest after a tumultuous month of heavy rains, but farther west the landscape remains dry as a bone. Lack of moisture in California and other western states has prompted public awareness campaigns to encourage property owners to conduct insurance policy reviews to determine if policies provide adequate coverage[…]
What do a metro’s median age and economic strength have to do with apartment renter turnover? It turns out, the connection is strong. It also turns out that household income, Millennial population and rent growth have very little to do with lease renewal conversion. MPF Research recently covered the metro areas with the highest and[…]
Projecting revenue may only seem like the hardest part of multifamily budgeting. The reality is that more mistakes are made in planning operating expenses, and those miscues can cause some unnecessary angst explaining variances to owners each month. Getting the numbers right requires thoughtful planning and goal setting, and sometimes a little luck. But planning[…]
The multifamily budgeting process doesn’t have to consume so much time How much time do you spend each year preparing for and executing the budget? If you sat down and really analyzed it, you would be pretty shocked. Multifamily and other home leasing segments have made great strides in modernizing operations, marketing and accounting practices[…]
“Budgets were originally designed as control mechanisms. As such, they are traps …” ― Stephen Bungay, “The Art of Action: How Leaders Close the Gaps between Plans, Actions and Results” Budgets are effective tools if implemented correctly. Understandably, they are large undertakings and require a lot of time and planning. The challenge is that good[…]
8 tips to ready a web-based accounting system before budgeting season. Like baseball has spring training and football training camp, budgeting has its own pre-season. It’s the time before the crunch that property managers and administrators prepare for planning the next year’s budget. Or at least they should be. Never mind the two-a-days, budgeting preparation shouldn’t[…]
Yes, it’s arrived, like a distant a relative who you wish would not visit and definitely not stay. It’s budgeting season. A regional manager once quipped, “I’d rather have root canal surgery once a week than create the budget.” Ouch! Why is this such a dreadful time of year? The year is making the turn[…]
Being able to manage the leasing, residents, and staff are critical functions of a good property manager, but often I hear from regional managers and other leaders in the multifamily housing industry that managers are good at running properties, but don’t fully understand how to read a financial statement. Understanding Financial Variances in Property Management[…]
Financial trends above or below the expected budget can be tricky to diagnose. Fluctuations within a budgeted expense or revenue category that happen because of abnormalities or for other reasons make managing the bottom line more challenging. Responding quickly with a solution to offset the peaks or valleys in actuals versus the plan is important[…]
Earnings matter. This is as true in energy, industrials and consumer staples as it is in real estate...
Congratulations! You have a fantastic product. Newsflash! Your competitor has a fantastic product, t...
Multifamily owners will sometimes find themselves non-compliant because of a misinterpretation of th...
An automated vending machine generating $2,500 in weekly revenue is most likely not selling just can...
When it officially stamps hoarding as a disorder in May, the American Psychiatric Association will c...
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