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.
Generation Z is on the Horizon Much is already being said about Generation Z – thankfully for Millennials, who have been run through marketing ringers for the past few years in many industries beyond housing and marketers are already formulating plans to reach a generation that could be one step ahead of their Millennial predecessors. Gen[…]
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[…]
Saving on Apartment Utilities More and more, all eyes are on energy and water usage. Investors, property owners and even residents pay close attention to utility bills. In some areas, local and state regulators require that energy performance be reported to the Environmental Protection Agency. The impact of utilities may seem to affect either the[…]
Finding the Perfect Property Management Software You’re in a highly competitive business and need a performance-driven property management solution to help you be profitable. Having a solution that can centralize and manage the full spectrum of your property operations can help you outperform the competition and grow your business. But the options can be overwhelming.[…]
The mention of hurricane preparedness about this time each year is typically directed at homes and businesses along coast lines and brings to mind long lines at home improvement centers for plywood and supplies. Coastal cities and towns typically get hit hardest by hurricanes. But while not a primary driver of insured loss, hurricane risk[…]
According to the National Fire Prevention Association (NFPA), about half of home fire deaths result when people are sleeping from 11 p.m. and 7 a.m. This year’s NFPA campaign, “Hear the Beep Where You Sleep: Every Bedroom Needs a Working Smoke Alarm”, suggests the need for smoke alarms in every bedroom. Structure fires – residential[…]
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:[…]
Rising Retention Rates Last month, Jay Parsons of MPF research reported renter retention and renewals were on the rise. In fact, retention continues its 20-month run above 50% as renewal rates rise 5.4%. MPF Research provides data and insights into reasons why residents are renewing their leases despite rents increasing: MPF Research assesses recent general conditions in[…]
From setting rent rates to screening residents and managing payments, property management professionals often wear many hats. What are you currently doing to be successful? Multifamily industry leaders have the right resources backing them up, and here are our top seven must-haves to adopt for your property management business today: 1. Revenue Management Take the[…]
Making Windows Energy-Efficient Approximately one-third of a home’s total heat loss usually occurs through windows and doors, according to the Natural Defense Resources Council. Escaping heat and intrusive cold air in the winter puts stress on HVAC systems, forcing them to run unnecessarily and consume expensive energy. Eliminating energy loss at windows will help better[…]
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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