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.

tracs 2.0.3.A

Affordable Housing: TRACS Implementation Pushed Back to Fall 2018

Earlier this week, RealPage Affordable Leadership attended a Tenant Rental Assistance Certification System (TRACS) Industry meeting at HUD in Washington, D.C. At the meeting, HUD informed RealPage that TRACS 2.0.3.A will not be implemented until the Fall of 2018. The setback comes in lieu of several factors—firstly, HUD is running a major technology update on[]

business intelligence software

Using Business Intelligence Software for Student Housing

Talk to any student housing operator and they’ll acknowledge a “rush” of a different kind on college campuses each year. Move-in day and the weeks leading up to it are intense as leasing agents try to fill beds, Resident Life is making roommate assignments and parents are calling to ask one more time what their[]

freezing temperatures

3 Tips to Prepare Your Property For Freezing Temperatures

The bite of cold winter air and freezing temperatures can have a lasting impact on your property’s landscape. Hard and moderate freezes can damage the foliage and roots systems of plants, bushes and grass, and in extreme cases lead to plant loss that requires a capital expense to rejuvenate the landscape before the spring. The[]

7 Ways You Can Mitigate Risk at Your Affordable Properties [eBook]

Affordable properties come with a unique set of challenges that range anywhere from tenant safety to federal compliance. The smallest mistake can cost you big. Reduce mistakes and mitigate risks with these seven solutions from RealPage Affordable Property Management Software: 1. Use a property management platform for the affordable market Property management software should be[]

construction industry

Construction Industry Aims to Rebuild Workforce Through Youth

Strengthening the construction industry will be top of mind in Orlando in January when builders, designers and remodelers get the spotlight at the world’s largest residential construction show. It’s no secret that labor shortages have been a big roadblock for residential and construction since the country emerged from the recession in 2008. Multifamily has felt[]

utility billing

Utility Management: Legislative and Regulatory Update

Here’s the latest in multifamily utility billing compliance for the states of California, Ohio and Texas: California California Senate Bill 7 (SB 7) was signed into law in 2016 by Gov. Jerry Brown. By its terms it becomes effective as of Jan. 1, 2018. All properties that request a water connection from a water utility[]

pet-friendly communities

Solving the Decline of Pet-Friendly Areas with Xeriscaping

Pet-friendly communities continue to be a desirable amenity, as well as a leash to bring in new apartment residents and retain others. Industry experts agree that a grassy park or designated area for dogs to stretch their legs, have a catch with their owner or do their business helps lease units and can command increased[]

affordable housing

Benchmarking Utilities in Affordable Housing

As a recent addition to the affordable housing realm, I’ve had to adjust my approach to the areas of opportunity an ancillary revenue and utility management person would generally operate in. Utility management specifically has taken on a new focus. I’m used to categorizing properties by building type, then benchmarking the buildings in each category[]

How to Create Budget-Friendly Storage Space with Kitchen Cabinets

A detached garage with a small shop area went up at the Blackwell residence in 2017. Everything you’ve heard at multifamily sessions or read on Property Management Insider and other industry publications is true about the pitfalls of today’s construction industry. There’s far too much work to go around—at least in Texas—for the amount of[]

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