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.
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[…]
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[…]
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 budget variances in property[…]
In a market crowded with business intelligence software solutions, how do you know which one provides relevant and accurate data to help your business? Here are the five factors that are critical to helping your business achieve substantial results across its portfolio: 1. Competitor benchmarking: Self-service benchmarking tools can reveal where you stand against the competition. […]
There are a lot of wonderful ways your property can celebrate the season: lights around the property, in-office decorations and community holiday events, but there’s an important, yet unpleasant aspect that it pays to push: holiday safety. While no one likes to think about crime during the holidays, criminal mischief can take a larger toll[…]
In order to be competitive in today’s marketplace, small to mid-sized properties need robust reporting capabilities that offer customized, accurate, detailed reports for each and every stakeholder. There are affordable, competitive solutions available for commercial property management. You can expect these seven features to come with RealPage Commercial Property Management, all at a reasonable price:[…]
Because businesses big and small are more visible than ever, the power of corporate social responsibility has become larger than life. That feel-good culture of a company and its perception within the community defines an organization beyond its financial success. Good corporate social responsibility (CSR) is giving back to employees, customers and the community. However,[…]
Panelists speaking at the 2017 Marcus & Millichap Multifamily Forum in Dallas acknowledged that multifamily’s techno buzz is alluring but advised keeping a finger on the human touch when considering what amenities to pursue in the future. The expense and implementation of smart technology can lose its luster compared to a hands-on environment that promotes[…]
Anne Sadovsky, the widely recognized multifamily and fair housing speaker and trainer, opens up about the secret to her longevity, her enthusiasm for sharing her knowledge and experiences, and her drive to make a difference.
For properties to stay relevant and competitive, it is a must to strengthen staff purchasing power. Upgrading and training exceptional talent helps to ensure success both now and in the future. Empowering your staff with comprehensive spend management software will fully equip them with the skills and tools necessary to wage battle every day. Here[…]
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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