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.
Despite prevailing market conditions, property management companies still face a scenario in which prospective tenants may not immediately qualify for leases. Traditional credit scoring practices such as FICO® and VantageScore weigh multiple factors when calculating a credit score, resulting in a number property management companies can use to narrow the pool of qualified renters. There is nothing more disheartening for a property[…]
Even though Spring is right around the corner, icy weather across the nation continues to keep property management companies on their toes. A blizzard expected in New England tomorrow is set to be one of the biggest March storms ever, and sub-freezing temperatures can play havoc on water pipes in apartments and common areas if they’re not[…]
A thriving senior housing market appears to be taking a page from the multifamily industry and empowering contact centers to capture new business. But the similarities end there. Senior housing – which includes independent living, assisted living and memory care – is a specialized leasing vertical that requires a little more attention and compassion during[…]
MPF Research provides actionable market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division: Suburban Fundamentals Continue to Outperform Over the last four years, suburban areas have progressively outperformed denser, urban areas. MPF Research analyst Brandon Crowell explores the widening gap in a new report, noting, “Overall, urban core rents[…]
Web app can help properties avoid costly overwatering for free Water My Yard is a free app that can help Texas multifamily property managers to keep landscapes attractive year-round and reduce expensive overwatering practices. Fifty percent of landscape water is wasted by overwatering, often caused by needlessly running sprinkler systems. In recent years, evapotranspiration technology[…]
As big data and advanced software continue to revolutionize multifamily, career-long learning has become a pillar of the industry. In the first article of this series, we addressed the importance of incorporating ongoing training into your business, as well as ways that the gamification of learning materials can yield better results when motivating your employees[…]
Advances in roach treatment offer conveniences for properties, residents Before finishing his doctorate in entomology, Dr. Mike Merchant worked in the 1980s as a pest control specialist in Seattle. He keeps a blog – “Insects in the City” (say it out loud and you’ll get the pun) – specifically dedicated to the topic of urban[…]
New uses for glass can add unique effects to apartment design Picture a common area in an apartment. Now examine the construction of the room you’ve envisioned. Chances are, you imagined four opaque, textured walls – maybe in colors beyond the standard eggshell if you got creative. However, glass industry innovators and entrepreneurs are shattering[…]
Team collaboration across a large apartment portfolio often proves challenging, particularly during growth cycles. Assembling the key players and sending an email alone takes time and money, and sometimes the message gets lost along the way, especially when it’s directed to so many inboxes. Still, according to 61 percent of those polled in a Pew Center[…]
Increase revenue by relying on smarter waste services for your apartment community Trash talk is hardly sexy, especially following a discussion about high-end apartment amenities, but Shawn Handrahan gave it a try at the recent Marcus & Millichap multifamily conference in Dallas. Handrahan is CEO and president of Valet Waste, which provides services for handling[…]
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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