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.

How Mobile Inspections are Revolutionizing Student Housing

Just as the frenzy over rush week mounts on college campuses, student housing operators move into high gear for a few weeks each year when apartments turnover. Spring and fall apartment turns happen fast, which means time is precious when moving one student out and another in before the semester starts. With an increased demand[]

Be Seen in Green: The Future of Drought-Tolerant Grass

Preservation of natural resources remains a big topic in multifamily, enough that discussions about reducing energy and utility use typically fill a session or two at education conferences. Not long ago, an industry executive mentioned her company was being a good steward of the environment and eliminating lawns with concrete in the same breath as[]

Income and Rents: It Takes Money to Make Money

As apartment rents continue to trend higher, real estate economists are worried income growth isn’t keeping up. After all, an increase in rent means residents are forced to allocate a higher percentage of their income to housing if their paychecks don’t also increase proportionately. Investors, especially in Class B and C assets, are worried that[]

5 Pool Maintenance Tips to Help you Pass Inspection

The last thing most apartment residents may be thinking about now is jumping into a chilly swimming pool. But it’s time for property managers to get their pools and spas ready for the summer season.  At least once per year, properties should have all of their pools inspected to ensure compliance with the appropriate federal,[]

How Multifamily Properties can Save by Going Green

Going green can save some real bucks now for apartments, and more than just on energy bills Developers and investors will be able to cash in when financing multifamily properties that have a green building certification. In February, Fannie Mae announced that it will give discounts on interest rates if the buildings have an energy[]

Comedy in Multifamily: How Alderman Keeps Residents Laughing

The Comedy Cartel, a small corporation big on the aspirations of one funny guy, is touring multifamily properties and levying schtick in club rooms across the Southeast. Kevin Alderman remembers that first open mic night in 2007 at a tiny, smoky bar in Charlotte before a small, tough-looking crowd. He’d gone there to work up[]

Bring the Heat: The Comeback of Outdoor Amenities

Multifamily communities appear to be embracing the comeback of outdoor amenities, especially when it comes to creating a cozier feeling beyond apartment walls for entertaining or dining. Apartments are extending the resident living experience outside by building fireplaces and fire pits, as well as stylish, large grilling areas. The built-in features are designed to provide[]

Multifamily Color Trends: The Right Hue for You

As the multifamily industry continues to find new ways to attract and retain residents, the color mind-set of interior paint design in 2015 remains a steady driver in helping residents feel at home in their apartments. Experts have long contended that color affects mood. Reds are associated with fiery warmth and rage, while blues represent[]

5 Ways to Target Millennial Renters

Appealing to Millennial Renters Millennials are anticipated to overtake Baby Boomers as soon this year as the largest generational segment. In addition to the size of Gen Y, their potential buying power has grown to upwards of $200 billion annually. Whether it’s the close proximity to public transportation or a pet-friendly atmosphere, there are a few ways[]

Carpet Maintenance

Carpet Diem! 4 Ways to Preserve the Life of your Carpet

You can almost figure that the carpet in an apartment unit will probably have to be replaced long before the Style Police make a call.  Picture walking into a recently vacated unit and seeing a year’s worth of coffee spills or discolored areas that just won’t come clean and you’ll get the idea. The deposit[]

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