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.

tankless water heater

Tankless Water Systems Heating Up the Multifamily Industry

Apartment owners who could be pinched by new regulations for gas and electric water heater tanks may be able to offer a hot new amenity to residents. Technological advances and lower costs are making tankless water heaters more attractive. The upside for residents is that water gets hotter faster and space once reserved for tanks[]

Data

Six Reasons Your Property Needs a Revenue Management System

No successful business professional would close a deal without first understanding all the facts. But when revenue management decisions are made based on limited or skewed information, a property management company can lose considerable amounts of money and unintentionally drive away business. For property managers, getting apartment rents right is often a major challenge. But[]

Online Marketing

5 Steps to Winning the Online Marketing Game with SEO & SEM

Online Marketing Fundamentals Chances are if your business has any type of online presence, then you’re familiar with the terms SEO and SEM. But, what exactly do you know about these acronyms? Your initial reaction may be to run to the search engines and click on the first result that appears. Search engines are now the[]

Tiny Planet photo of RealPage, Inc.

Show the World: Promoting Properties with Tiny Planet Photos

A new photography trend has emerged, and it’s rocking the world of social media. Tiny Planet allows users to easily transform their photos into miniature floating globes, capturing scenery in an eye-catching way without breaking the bank. For property managers, Tiny Planet offers a creative solution to a common social media struggle, as many companies don’t[]

Eco-friendly city

Go Green: Rebates Available For Energy and Water-Saving Projects

Money that’s available to offset costs of energy-saving upgrades for apartments is getting more plentiful, plus it’s easier to find. Utility companies and municipalities in many states offer rebates, incentives and demand-response programs to the tune of billions each year to encourage federal facilities and consumers to cut energy use and demand. Incentives range from[]

What’s Hot: New Stovetop Technology to Prevent Kitchen Fires

Electric stovetops of the future will come with built-in sensors to help reduce kitchen fires Built-in sensory technology that shuts off electric coil burners to prevent kitchen cooking fires is about to become a hot commodity. The appliance industry and fire prevention officials are close to implementing a newly adopted standard that will require all[]

resident screening

Smarter Screening, Richer Revenues: Improving the Bottom Line

Renters are devoting an increasing share of their incomes to monthly rent, and not just in the big cities. Nationwide, more and more people are finding it hard to live by the “30% of income” principle to pay for their housing.  This has a direct impact on resident screening, where most rejections are driven by[]

distressed multifamily property

Hidden Gems Await in Distressed Property Market for Multifamily Sector

Amid the new, glass high-rises and trendy podiums going up in the urban core and beyond are still some hidden gems. Bank distressed homes or apartments that need repairs await the right kind of owner who can add polish and create a comfortable, safe residential experience. The playing field for distressed property landlords doesn’t include[]

brand advocates in property management

Get People Talking: Leveraging the Power of Brand Advocates

Brand advocates or ambassadors aren’t new to business today. For years, celebrities handsomely hired as brand ambassadors have pitched everything from watches to furniture to Jell-O to credit cards. Can you remember Joe Namath in pantyhose? Brand ambassadors don’t work for free. In some cases, they earn more money than they bank in their profession. From[]

Revenue Management

Embracing Change: How to Adopt a Revenue Management System

Residents are paying more for new leases and renewals at the highest clip since its peak four years ago, according to recent data by MPF Research. Plenty factors into what has become a faster start to 2015 than what many predicted for this year. Simply, it’s a great time to be leasing apartments and getting rates[]

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