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.

lease payment processing

Making it Easy to Love Online Leasing

The gasps resonated across the room when one gentleman told his story of a near miss of sensitive information being compromised. He recalled that the phone call that day appeared to be like any other coming into a leasing office. But the caller wasn’t looking for an apartment. Instead, a detective informed him that about[]

millennials building for millennials

Millennials Building for Millennials

The age of social media, video games and virtual living is opening the minds and designs of a new generation of architects that is creating today’s housing choices. Rather than designing via more traditional methods, Millennial architects are inspired by what they’ve seen on their desktops, phones and tablets. Architecture industry leaders believe that the[]

Vinyl Plank Apartment Flooring

Is Vinyl Plank Flooring the Latest Apartment Trend?

The apartment industry is finding better ways to keep from getting floored by high turnover costs when it comes to providing effective walkable surfaces under residents’ feet. Hard-surface floors are replacing many carpeted areas in apartments, and going down by offering long-term savings to property owners and a more stylish look for renters. Vinyl plank[]

smart apartment

Building the Smart Apartment Home of the Future

Applying smart home technology to apartments comes down to choice. The future of putting the pieces in place into a smart apartment home may be more like ordering ala cart at the local diner. Because preferences of one resident to the next surely will differ, a technology menu may be more appropriate. At least that’s how[]

Leveraging the Renter Lifecycle

At every stage, from prospect through move-out, the renter lifecycle is rife with opportunities for better business practices. Managing multifamily properties involves so many moving parts that it’s easy to lose perspective. We sometimes forget that ultimately our business is not about market conditions, vacancy rates or asset value but about people. That’s why one[]

Why the Apartment Industry Should Take Baby Boomers Seriously

As this group born after World War II and just before Davey Jones and the Monkees took America’s teens by storm aged, it established a confident and optimistic culture that shaped housing for years to come. Boomers chased a greater, affluent lifestyle and were willing to mortgage the farm to get what they wanted, unlike[]

Tips for Transitioning Apartment Communities into Operational Brilliance

A new property acquisition often signals an opportunity to strengthen a multifamily company. Done right, transitioning the property to a management company’s portfolio can be business as usual. But there is a lot of behind-the-scenes work that has to be done, and then there’s not guarantee that the transition will be seamless. As expected in[]

Aimco Adding Artistic License to Redevelopment Project

Residents may tell their friends to take the elevator to the Van Gogh Floor for a wine party. Or meet by the elevator near the Quarterback Patio. Cold drinks at the Governor’s Social Lounge  sound refreshing. Theming apartments to their surroundings isn’t uncommon, but one company is blending its redevelopment projects into the fabric –[]

Best Practices for Twitter: What Apartments Need to Know

While social networks like Facebook are predominantly B2C (business to consumer), Twitter presents a unique opportunity for B2B (business to business) engagement. With Twitter, your property’s interactions can be directed toward a broader community, including residents, local businesses, other properties, corporate management offices, the multifamily industry, etc. Twitter (The Basics) Twitter is a social media[]

What is Portfolio Asset Management for Real Estate?

Real estate asset and investment firms deal with tons of incoming data every day, in regard to their assets. That information must be collected, consolidated, and analyzed. Then, reports must be created and shared throughout the organization. It’s an arduous process. And without the right tools, it can also be error-prone frustrating and expensive. That’s[]

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