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.

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[]

Power in Disruption: The Best User Conference in Multifamily Just Got Real

RealWorld 2015 User Conference The 2015 RealWorld User Conference was equal parts inspiring, educational and fun–a true breakout event for the multifamily housing industry and diversion from the RealWorld User Conferences of old. With sunny San Diego as the backdrop, the conference featured big brands like Yelp!, Marriott, Zillow, The Home Depot, HomeAway and StayAlfred. Over[]

Tree Health

The Root of the Problem: Paying Attention to Tree Health

Research shows that the presence of trees in a community encourages people to be more physically active, and, in general, affects their attitudes and behaviors. In addition, leafy and healthy trees can make a big contribution to the well-being of an apartment community, providing a great aesthetic value for residents. The big, tall oak may[]

Drone Technology: Taking Property Management to New Heights

Marketing properties through drone technology is no longer a fly-by-night operation. Once considered too futuristic for everyday business applications, drones or unmanned aircraft systems (UAS) are fast becoming a household item. It’s now possible to use a much smaller form of the robotic flying devices, mostly known for their stealthy military uses on a much[]

What’s New: How Analytics Offer a View of Apartment Operational Performance

The apartment industry is getting more savvy about using big data to better evaluate operating performance. New technology is making better sense of the abundance of information that is emerging every day from multifamily housing portfolios small and large. Software solutions that integrate with apartment management platforms are capable of analyzing more information so that[]

Ways to Retain Residents with New Technology

Floorplans, tile and carpet choices and color schemes done right can be eye candy for prospective residents when touring apartments. But there are other amenities that can leave powerful, lasting impressions with prospects. Room temperature, door locks, irrigation and security systems that can be controlled by smartphones, plus water-saving devices, are some simple, readily accessible[]

Ruling on Disparate Impact Opens the Door for More Claims and Cases

The Supreme Court’s landmark decision on whether the Fair Housing Act supports the concept of disparate impact in housing discrimination cases is likely to open Pandora’s Box. The 5-4 ruling in June means a run on new and pending claims, housing industry experts say. In an attempt to clarify a long-standing issue, the high court[]

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