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.

convenience fees

The Impact of Convenience Fees on Online Payments

When it comes to accepting electronic or online rent payments, every property management company wants the same things: maximum convenience and choice for residents at minimal cost. When formulating a payments strategy, it’s important to understand the rules governing convenience fees, as well as the potential impact on your online payments solution.

air-conditioning

Refrigerant Update: Status Quo for Multifamily Air-Conditioning

The most widely used refrigerant cooling today’s apartments, which appeared to be on the chopping block, is getting a stay of execution, at least for now. In early August the United States Court of Appeals ruled that the Environmental Protection Agency cannot force manufacturers to replace refrigerants like R-410A that emit hydrofluorocarbons (HFCs). The news[]

LED lights

How Lighting Upgrades Can Benefit Residents and Multifamily Operations

We know that LED lights grows plants quicker and healthier than other methods, including natural sunlight. Sunlight contains the full spectrum of colors, giving plants the information needed to grow. Tinkering with this spectrum, which LED lights allow with precision, elicits known and specific responses. Increase the amount of red, yellow, orange and green, and[]

assisted living

Redirecting the Path to Affordable Senior Living and Assisted Care

The forecast for the future of affordable senior living and assisted living is sure to be analyzed and dissected greater than any sub-market meteorologist. The LeadingAge Annual Meeting & Expo in New Orleans, billed as the largest annual gathering of aging services providers in the country, is sure to have lively discussions on the direction[]

energy efficiency

In Multifamily, Energy Efficiency Equals Fiscal Efficiency

Mary Nitschke, director of ancillary services for Prometheus Real Estate Group in San Mateo, California, is a regular case study presenter at the Energy Summit in Washington, D.C. each year. With 13,000 units and another 2,600 in the pipeline, her company is the largest privately owned developer in the San Francisco Bay Area. Being a[]

Job cost

Finally: Integrated, Unit-Level Job Cost Tracking for Every Kind of Project, Every Kind of Property

To accurately track expenses for new developments, unit renovations, tenant improvements and other capital projects, you have three choices: Excel A standalone job costing solution An integrated job costing solution RealPage Job Costing integrates with general ledger, accounts payable, purchasing, fixed assets and commercial property management. The importance of this can’t be overstated: all these functions[]

property management

7 Tips to Improve Your Property Management Expenses and Financials

The accounting, purchasing, and budgeting processes in property management don’t have to be painful. Managing the complexities of a large or small portfolio of apartments and other lease properties requires a keen eye and efficient processes. And as difficult and cumbersome as it may sound to blend all the moving parts of property management into[]

submeters

The Business Case for Submeters

Few features are as compelling. It improves cash flow. It increases property value. It simplifies your relationship with residents. Installing submeters eliminates one of the highest expenses on a property with a pay-off term between 14 to 18 months. They increase net operating income (NOI) and make a property’s rents more competitive. Social bonus: They[]

multifamily business intelligence software

You Don’t Have to Be Smart to Use Business Intelligence

The blinking, streaming barrage of lights on WOPR in NORAD’s computer room in 1983 was some sight. Flickering green, yellow, red and orange, lights danced and jittered with critical defense information in the science-fiction thriller, “War Games.” When young hacker David Lightman quickly walks by WOPR as its running war simulations over and over until[]

property management accounting software

How Complete is Your Property Management Accounting Software? [eBook]

Complete property management accounting software drives workforce efficiency, decreases costs, and creates flexible and integrated reports for both corporate and property accounting—at a low total cost of ownership. Best of all, it does this in one place. RealPage accounting software can integrate your reporting options and provide multiple distinct options for reporting. Every standard report[]

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