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.
The value of spend management has been well-chronicled throughout the multifamily housing industry. In recent years, the changing landscape of apartment operations has put more emphasis on a comprehensive program that enables property management companies (PMCs) to purchase the right products at the right prices from the right vendors on an ongoing basis. The goal is[…]
Do your residents know how to operate their apartment appliances? Open the box to any new microwave, oven or washer/dryer combination and you’ll see an encyclopedia-style set of operating instructions. Whether they are put to use is another story. When a new resident is handed the keys to an apartment, an appliance operations manual or[…]
In a matter of hours, consumers will have wide eyes on Black Friday and Cyber Monday bargains that stream across their cell phones, tablets and desktops. When they tap screens and punch keys, a new chain of online shopping events will unfold. What shoppers buy will once again bring into view on city streets parcel[…]
The wealth of vendors lining the hall with gizmos and gadgets at the National Multifamily Housing Council’s OpTech Conference & Exposition 2015 were proof technology has become fundamental to the apartment industry. When OpTech began a few years ago, talk was of technology to come. Today, tech has extended beyond and into everyday operations and[…]
The National Fire Protection Association (NFPA) says the holidays are a time when fires, especially those resulting from cooking, are most likely. Thanksgiving is the peak day for home blazes, when fires are three times more likely than average to occur. Christmas Day and Christmas Eve are the second and third most active days for[…]
Giving thanks should be a year-round event and not relegated to Thanksgiving Day. Here are some creative ways you can say “thank you” to your residents.
Create snow removal, winterization plans before Mother Nature drops in this fall In some parts of the country, winter-like weather can descend long before it’s time to carve the Thanksgiving turkey. It’s not uncommon for snowstorms to blanket parts of the Midwest and Northeast in the months leading up to the official start of winter. Early snowfall[…]
Mobile Maintenance in Multifamily Mobile technology certainly enhances lease and renewal processes at apartments for busy, on-the-go residents while providing convenience for others. The same technology can be applied outside the leasing office to other parts of the property and provide similar resident benefits. A mobile app designed to handle the tedious documentation of maintaining[…]
For prospects and residents, the inability to reach an apartment community when they need information or assistance is frustrating. Add sitting on hold and unanswered emails or voicemails to that experience, and you’ve potentially lost a lead (or an opportunity to build trust with an existing resident). According to a recent study, Americans are fed up[…]
Adopting Renters Insurance Property managers have a fiduciary responsibility to apartment owners to make sure an asset is fully covered. The adoption of mandatory renters insurance into lease agreements has helped apartments better safeguard their assets and put responsibility on the resident. Full compliance pays great dividends not only for the property, but also for[…]
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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