Expense Management

There is more to expense management than just reducing costs and operating expenses. It also involves streamlining and automating processes, identifying inefficiencies, and taking control of energy consumption and spending. These articles will steer you in the right direction.

How Properties Can Stay a Step Ahead of Accessibility Compliance

How Properties Can Stay a Step Ahead of Accessibility Compliance

What an apartment owner or manager doesn’t know about accessibility compliance can literally be costly. Properties that are non-compliant to provisions of the Fair Housing Amendments Act of 1988 and American’s With Disabilities Act of 1990 subject themselves to millions of dollars in damages. Most often, violators could prevent such exposure if only they’d fully understood[]

multifamily-budgeting

5 Multifamily Budgeting Myths Debunked

“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[]

Purchasing Strategy Multifamily

How to Capitalize on Your Purchasing Strategy

Multifamily properties are valuable to their vendors, but sharing the wealth could put apartments at a disadvantage. Jennifer Lester, Vice President Vendor Management/Strategic Purchasing Advisory Service at RealPage, says a common mistake properties make is having too many vendors in their stable. At RealWorld in July, a team of purchasing specialists talked about effective techniques[]

What is Real Estate Enterprise Accounting?

In a real estate business climate where products cover every niche available, one area has been surprisingly lacking:  accounting for real estate investment companies. Products that perform exceptionally and truly cater to this segment are in short supply, especially in the mid-market range. Real estate enterprise accounting helps private equity real estate firms, Limited Partners[]

The dangers of not vetting your vendors

The Dangers of Not Vetting your Vendors

Wacky incidents involving contractors damaging apartments during construction or renovations may seem hard to imagine. But serious damage and liability can result from those sometimes seemingly comical bumps, oopsies, and drops. Just listen to these doozies, all true stories shared by Compliance Depot: A cement truck enters an apartment community drive for a concrete pour[]

Crape Myrtle: How to Protect your Apartment’s Landscape

A colorful staple of southern apartment landscapes has come under attack in recent years. And agricultural and landscape professionals are a little stumped about how it originated or finding ways to quickly fend advances. Crape Myrtle bark scale, or Eriococcus lagerstroemia, is slowly advancing since its U.S. discovery in Dallas about 12 years ago. In[]

rent payment

How to Solve the Rent Payment Puzzle [eBook]

In recent years, the millennial generation has been scrutinized by businesses looking to appeal to younger consumers. What many have overlooked is that the influence of this convenience-seeking and tech-savvy group extends far beyond their age group. Millennials have set a generational change into motion, setting the standard for what is expected from the marketplace[]

Top 5 Ways to Reduce Utility Expense [eBook]            

Managing energy costs for your multifamily community can be a headache. With a number of properties in your portfolio and countless responsibilities to balance, it’s easy to overlook areas where water and energy are being wasted. Maybe you’ve experienced a vacant where the AC was left running, or a utility bill wasn’t processed in time to meet a[]

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