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.
What distinguishes one multifamily community from the other today goes beyond exterior architecture or color choices for walls. The ability to provide residents with the tools to nurture their social lives or improve their living experiences with the same ease as an evening stroll is redefining what separates apartments. The Value of Resident Portals In[…]
Your budget year has just begun and already it’s out of whack. Even though occupancy is trending with the national average or better, expenses are unexplainably showing variances that need to be explained. How could this happen? Examining your Budgeting Process One way is that your managers were not mentored on how to read and[…]
America’s kitchens and baths continue to be a little bit country and a little bit city, with built-in conveniences that extend to the family pet. Transitional styles dominate bath, kitchen trends for 2016 with room for pets Transitional-style architecture and neutral colors were popular in 2015 and are expected to remain in vogue this year,[…]
The vast world of multifamily can be difficult for vendors and contractors to navigate. Vendor networks offer companies that provide services relevant to apartment operation a way to find the thousands of properties who often need help. But the success of vendors – and the ultimate benefit they provide to property managers – depends on[…]
As recent as a decade ago, apartment design and construction were more than a stone’s throw from the urban core. Since then, demographics have changed, altering the approach of one of the country’s leading multifamily and student housing architects. Humphreys & Partners Architects, L.P., which celebrates its 25th year in 2016, is spending more time on[…]
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:[…]
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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