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.
Senior Living communities host events to cultivate intergenerational friendships Seniors and children, two groups that typically interact infrequently, have much to be learned from one another. Research has proven that the health of seniors improves when they spend time with children. According to a study from University of California San Francisco, isolated elders had a 59 percent[…]
The city built by J.R. offered some good ole Lone Star hospitality for the Urban Land Institute Fall Meeting in October, but it’s no coincidence that Dallas/Fort Worth and Austin got some top billing. The cities capped the Top 10 list of markets for real estate development and investment at ULI’s 38th edition of the[…]
A fall multifamily technology ritual will saddle up with thought-provoking content, high-level networking and a trade show featuring more than 100 of the industry’s top suppliers – with a little blue jeans and salsa. Rachel Botsman, known around the world for her visionary thinking on how the power of collaboration and trust enabled technologies will[…]
Your cell phone can do hundreds of useful things you know nothing about. But just how much time are you willing to invest in learning about all these features and functions when there’s so much else to do? It’s rare to find an employee who gets excited about training. For most of us, it’s a[…]
Research is showing that it costs at least 3-4 times more to turn an apartment unit if it was inhabited by a heavy smoker, reaching as high as $15,000 in extreme cases.
Don’t laugh, but I’m still working from an iPhone 4. By today’s technology calendar, I’m light years away from being up to date. At a recent conference, a young colleague laughed and said he didn’t know anybody who still had one. A search on Apple’s website for anything iPhone 4 yields no results. While it’s[…]
It’s crucial for property management professionals to find innovative ways to connect with prospects and generate business, and social media is a powerful tool to help. Here are some of the latest social media marketing trends to watch: Twitter Cuts Vine Last week Twitter announced the shutdown of Vine, their popular short-form video platform. This news[…]
We continue to track the Twitter-based chats going on between property managers on Apartment Chat glean smart management tips. The theme of a recent chat was “Philanthropy and Community Involvement.” It was based on the fact that the huge number of people across the country who live and work in apartments can constitute a large[…]
The Return of the MOR: No, that is not the title of an old horror movie, but many in the affordable housing industry are horrified at what this means. Rest assured—in this article, we’ll provide the background information and tips you need to be prepared for a Management Occupancy Review, or an MOR. The History[…]
What an apartment owner or manager doesn’t know about accessibility compliance can literally be costly. Properties that are non-compliant to provisions of the Fair Housing Amendments Act of 1988 and American’s With Disabilities Act of 1990 subject themselves to millions of dollars in damages. Most often, violators could prevent such exposure if only they’d fully understood[…]
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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