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.
Multifamily Trend Makers Meet the influencers who get top billing as our trend makers for multifamily in 2016. Read on to learn more about our picks and find out why these famous names are our digital marketing muses. The wisdom and foresight they demonstrate across industries is the reason we think they’re so dang awesome.[…]
Few if any general partners, real estate investment trusts and property management companies (PMC’s) will argue that the demands for financial reporting and transparency into operational metrics from internal and external stakeholders has weighed heavily on the back office accounting personnel. Choosing an Accounting Platform An enterprise resource planning (ERP) real estate accounting platform must[…]
Is Your Property Flushing Money Away? While we’ve all heard that leaky toilets costs can add up, even functioning toilets have historically been big water users. Nearly 27 percent of water used inside homes goes through toilets, much more than in showers, washing machines or faucets. A leaky toilet cost one New York City resident[…]
Technology and automation have answers to almost everything in our lives today. We ask it to turn on our heat when we’re far away, and it obliges. We want a ride near a busy street corner, and it finds us a car. We want to be able to pay bills without leaving the kitchen table,[…]
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. For this reason, Property Management Insider has created a weekly series to keep readers up-to-date on the latest trends and updates in social media. Here’s what’s new in social:[…]
Times are a-changin’ in the rental housing market. Growing market demand pushes occupancy to the limit, making a property look good at first glance.—but a deeper look into the property may reveal a different story. Checking your Property Management System Health Good property health goes beyond maintaining high occupancy, low overhead and consistent rent collection.[…]
When unexpected events take place at your properties, your residents and assets are put at risk. Renters insurance can help, but not all policies are equal—and you don’t want to find out your coverage is insufficient after an incident occurs. It’s important for property management companies to implement the right solution beforehand to ensure full[…]
The Value of Renter’s Insurance Natural disasters have a way of shining a light on the necessity and value of renter’s insurance. According to the Insurance Information Institute, insured losses due to natural disasters in the United States in the first half of 2015 totaled $12.6 billion, well above the $11.2 billion average in the first[…]
Using Software for Handling Resident Needs There are varying approaches to handling difficult residents, an unenviable challenge for any property manager no matter how long the tenure in the multifamily housing business. Some industry experts suggest a formula of professionalism, firmness, and compassion to manage residents who are either overbearing or pesky. Others may want[…]
Does your list of New Year’s resolutions include keeping your apartment properties in compliance with federal laws? Making a resolution to ensure compliance is one well worth keeping.
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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