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.
Artificial intelligence is here, but how does multifamily cope with it? Artificial intelligence is on everybody’s mind, it seems. And if billionaire investor Warren Buffett is concerned, shouldn’t we all be? At Berkshire Hathaway’s annual shareholders meeting, Buffett said the technology could be “enormously disruptive.” AI could result in significant employment loss, he added, but[…]
Peak leasing season brings a flurry of activity at multifamily communities across the nation each year. Just as quick as property managers fill vacancies, residents make a dash to move their belongings in (or out). Typically, weekends are prime time for moving and the process can draw out over a couple of days, even into[…]
NAA conference lineup sure to get the competitive juices flowing About the time that the National Apartment Association Education Conference & Exposition hits full stride, most of the sports world’s heavy hitters will be in their annual summer lull. By late June, the National Hockey League and National Basketball Association champions will be a few[…]
Sometimes the simple things matter the most. Relaxing in a hammock or lounging on patio furniture and throw pillows under festive string lighting or in a semi-private space offer residents some basic outdoor living pleasures. Best of all, they are among some easy-peasy ways that property managers can improve the outdoor living experience at apartments[…]
Boost employees up your ladder with the right resources A solid learning management system is critical to increasing the value of your greatest asset: your employees. This system should make it easy for them to access and pursue their learning, and for managers to monitor who’s doing what. But that’s all about making an employee better[…]
The one-two punch of effective screening and renters insurance An effective screening tool combined with renters insurance can pay dividends for property management companies. A solution that provides an applicant’s apartment rental payment history and offers insurance options protects PMCs and helps create a community of better renters, say industry professionals. The better the renter,[…]
Predicting the future. Taking risks. Expanding your business in a market that’s growing faster than you are. These are all challenges that you – the multifamily property management professional – must face. The biggest relief is that you’re not alone. Attending multifamily conferences can give you the tools, the inspiration and the contacts you need[…]
Increasing renewals through engaging residents with their neighbors This is no time in the apartment industry for bashful property managers when it comes to ensuring the kind of resident satisfaction that drives renewals. Today’s apartment renters are more social butterflies than they’ve been in recent years, expecting a greater sense of community in the place[…]
Approaching its 35th year in business, Camden launched a customer-focused project to build better, long-lasting relationships with its residents in 2016. As with what every apartment owner explores while seeking the greater good – higher occupancy, better retention and the best return on investment – Camden’s plan was no exception. The company began exploring how[…]
Consultative approach to renters insurance can benefit residents, properties The decision of purchasing a renters insurance policy is ultimately up to the resident. But a property management company that offers the option of buying a policy specific to the multifamily industry could pay dividends all the way around. Many insurance providers who specialize in other[…]
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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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