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.

Leverage the Competitive Instinct to Motivate Employees

Leveraging the Competitive Instinct in Your Employees

Human beings – including your employees – are naturally competitive. Millions of years of evolution have drummed into our brains that those who strive harder will get the food, shelter and a greater opportunity to pass on DNA. We’re psychologically rewarded for winning and now you can leverage competition in your company to motivate employees.[]

How to Determine Asset Health and Performance Through KPIs

How to Determine Asset Health and Performance Through KPIs

Analysis of detailed operational metrics is just one way to assist in determining asset health. The view down below reveals various performance metrics essential to driving key day-to-day decisions for property managers. But asset managers need a picture from 15,000 feet to fully decipher the true fitness of the asset and whether it is tracking[]

Minimize Crime at Senior Communities with Resident Screening

Minimize Crime at Senior Communities with Resident Screening

Millions of Americans look forward to retirement, when years of hard work are traded for relaxation, adventure and independence. Most assume they’ll live out their days in a safe haven, whether it be at home or in independent or assisted living senior communities. At home, neighborhoods may change and fall into urban blight as demographics[]

accessibility compliance

The Importance of Accessibility Compliance in Multifamily

Greg Proctor, Vice President of RealPage Compliance Services, has been preaching the need for more awareness of accessibility compliance issues with properties for years. Out of all of the properties he has inspected over the years (and that is many years), he has yet to find one that is completely in compliance with the regulations[]

Smart Home Technology and IoT in Multifamily

Smart Home Technology and IoT in Multifamily

Smart home technology, Internet of Things (IoT) and connective devices provide substantial benefits to property managers and building owners but can often represent a costly investment. Are you ready to upgrade? It’s a fact – the Internet of Things and connected tools are the way of the future. Smart technology has improved nearly every facet[]

8 Key Segments of Operations to Master Property Management [eBook]

The 8 Key Operation Segments to Master Property Management

In today’s growing rental market, operating a healthy business is essential to staying competitive while reducing expenses. A holistic property management approach can enhance all aspects of your business operations and increase your property’s competitive advantage. An interactive software platform can assess the needs and performance of operations to help you master managing your property with[]

The Rising Cost of Apartment Construction: It’s More than Labor Shortage

Much has been made about the impact on construction of a weakened skilled labor force, but the shortage of workers isn’t the only reason some projects are delivering late and costing more. Increasingly difficult apartment designs and regulatory issues are among several factors that have slowed progress at a time when units can’t be delivered[]

Utility Billing Services: Less Risky Business, More Recovery

Utility Billing Services: Less Risky Business, More Recovery

New owners of multifamily residential property are often surprised at the number of laws that affect their ability to do business. In addition to statewide landlord and tenant codes, an owner electing to pass through the cost of usage and ancillary services must consider the local utility tariffs, city or county ordinances, state utility law[]

best screening practices

7 Best Screening Practices to Minimize Risk

Are you thinking about ways to minimize risk during the resident screening process? Here are the best screening practices for multifamily operators and leasing professionals: 1. Don’t leave anything to chance You set the standard for who lives in your community, not fate. Accomplish this by setting rental criteria that matches your unique business priorities.[]

property tours

Are You Still Giving Multifamily Property Tours on Site?

Ever wanted a property tour to see inside the apartment of Rick Deckard, the Blade Runner Detective made famous by Harrison Ford? Thanks to Blade Runner 9732, a recently released virtual reality (VR) program, you can walk around, look through the various rooms in the apartment, and even check out some of his personal belongings.[]

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