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.

construction industry

Construction Industry Aims to Rebuild Workforce Through Youth

Strengthening the construction industry will be top of mind in Orlando in January when builders, designers and remodelers get the spotlight at the world’s largest residential construction show. It’s no secret that labor shortages have been a big roadblock for residential and construction since the country emerged from the recession in 2008. Multifamily has felt[]

utility billing

Utility Management: Legislative and Regulatory Update

Here’s the latest in multifamily utility billing compliance for the states of California, Ohio and Texas: California California Senate Bill 7 (SB 7) was signed into law in 2016 by Gov. Jerry Brown. By its terms it becomes effective as of Jan. 1, 2018. All properties that request a water connection from a water utility[]

pet-friendly communities

Solving the Decline of Pet-Friendly Areas with Xeriscaping

Pet-friendly communities continue to be a desirable amenity, as well as a leash to bring in new apartment residents and retain others. Industry experts agree that a grassy park or designated area for dogs to stretch their legs, have a catch with their owner or do their business helps lease units and can command increased[]

affordable housing

Benchmarking Utilities in Affordable Housing

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[]

How to Create Budget-Friendly Storage Space with Kitchen Cabinets

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[]

4 Areas to Focus on to Better Understand Financial Budget Variances

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[]

business intelligence software

5 Features Your Business Intelligence Needs to Outsmart the Competition [eBook]

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. []

holiday safety

‘Tis the Season for Safety

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[]

commercial property management

7 Must-Have Reporting Tools for Commercial Property Management [eBook]

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:[]

corporate social responsibility

Corporate Social Responsibility in Multifamily

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,[]

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