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.

Millennials Face Unprecedented Economic Hurdles to Home Ownership

A previous post, “For Millennials, Low Ownership Rates Weigh on Household Formation,” showed a lack of participation in the housing market among young adults in the Millennial generation. As a percentage of the population, Generation Y isn’t renting more than young adults in the previous generation. Instead, they are buying fewer homes. The reason for[]

For Millennials, Low Ownership Rates Weigh on Household Formation

The Millennial generation is frequently a topic of discussion in the real estate industry along with almost every other. While fascination in any cohort that is emerging into adulthood is a recurring theme in modern history, the immense size of the Millennial population has heightened anticipation of their entrance into the housing market. However, the[]

Apartment Resident Turnover

What Factors Correlate with Apartment Resident Turnover?

What do a metro’s median age and economic strength have to do with apartment renter turnover? It turns out, the connection is strong. It also turns out that household income, Millennial population and rent growth have very little to do with lease renewal conversion. MPF Research recently covered the metro areas with the highest and[]

It’s a Data-Driven World: Apartment Industry Marketing Trends

2015 AIM Conference Recap Leave it to apartment industry marketers to find levity at any conference. May’s Apartment Internet Marketing (AIM) conference in Huntington Beach, Calif., was no exception. Co-founder of dating website OkCupid, Christian Rudder, entertained the group during his keynote on how he uses data to cultivate his site, and some front-office “PenFu”[]

Jacksonville - Labor Market

The Labor Turnover Metric Can Have Major Implications for the Apartment Market

Labor market data is historically complicated to analyze. First of all, monthly employment data from the Bureau of Labor Statistics comes from two different surveys whose results don’t always line up. Second, similar to most economic data points, the employment results are subject to revision, which can have a dramatic impact on the final result.[]

Wide Open Spaces: Outdoor Apartment Landscape Ideas

Apartment landscapes aren’t just for pansies anymore. Pretty flowers, shrubs and hedges are getting a lot of competition as community landscapes are muscling up to accommodate a sense of gamesmanship, competition and personal fitness. Recent installations of outdoor lawn chess, disc golf, sand volleyball and interactive fitness trails are becoming more fashionable to engage apartment[]

Multifamily Energy Efficiency

Multifamily can Pick up the PACE for Improving Energy Efficiency

The greening of America comes at a price. The cost to make buildings – commercial or multifamily – and homes more energy efficient can be steep and payback feel like forever. Energizing Energy Efficiency Fannie Mae recently announced a program to give discounts on interest rates for financing multifamily projects if buildings are energy-certified. And[]

Xeriscaping

Making an Earth-Friendly Landscape: Taking Xeriscaping to the Next Level

Much ado has been made about native landscaping or Xeriscaping, that eco-friendly process of creating landscapes from native plants that reduce or eliminate the need for supplemental water.  By taking some of its principles and designing virtually maintenance-free landscapes, apartments have an opportunity to not only green their properties but go really green. Earth-friendly landscaping is[]

Severe Weather

Weathering the Storm: 7 Ways to Prepare for Severe Weather Season

According to ready.gov, about 10 percent of thunderstorms are classified as severe. These are storms that produce hail at least an inch or larger in diameter, have winds of 58 miles per hour or higher or produce a tornado. Many storms come with lightning as well. Homes and apartments can be damaged when thunderbolts strike,[]

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