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.

Weathering the Ice Melt Shortage this Winter

The weather outside is already frightful for some parts of the country, and leaner supplies of ice melt aren’t helping. Severe winter weather last year and earlier this year along with increased usage of calcium chloride in oil and gas fracking are depleting supplies of ice melt products. The chemical is a salt of calcium[]

Prep your Property: Reducing Seasonal Service Requests

Want fewer service requests this holiday season? How many of your residents will be traveling or entertaining company this season? Help them ensure everything goes smoothly and potentially prevent last-minute service calls by sharing this helpful list with residents before they realize a service order is needed in the midst of the holiday rush! Be[]

Spend Management: Save Money by Standardizing your Property

The scenario is all too common in the multifamily housing industry. An apartment portfolio will unnecessarily spend itself out of a good thing. The fruits of years of planning and executing the next move in a major market or acquiring a new set of properties are slower to come simply because a spend management program[]

Is Apartment Supply Heading to Where Households Are Forming?

What do household formation and apartment supply have in common? MPF Research looked at the relationship between total household growth and apartment supply growth among the top 50 U.S. metros, since the recession. Overall, we found that there is a linear relationship between the two. But by region, clear differences emerge, especially when viewed in[]

6 Reasons Why Properties Should Consider an E-Payment System

There have been incidents of paying residents, being wrongly targeted for eviction, as a result of swiped rent checks. Also, an instance of a site employee, charged with manipulating the books to divert tens of thousands of dollars in money orders into a personal bank account. A property management company painfully realizing that over the[]

10 Quick and Easy Ways to Winterize your Property this Season

Frigid, blustery weather approaches many parts of the country, and property management companies potentially face the wrath of Old Man Winter. An arctic blast can be especially costly for those who aren’t prepared. Ed Wolff, President of Leasing Desk Insurance, says apartments can help minimize the potential for damage from frozen pipes and fire by taking[]

How to Keep the Flu and Other Viruses Out of your Community

The country’s annual flu epidemic has begun building momentum for about a five-month journey that will keep some workers from working, children from going to school and seniors at their bedsides. Influenza or flu seasons are unpredictable and can be severe, cautions the Centers for Disease Control and Prevention (CDC). While prime flu season is[]

5 Easy Tips to Help Managers Improve Forecasting

Budget preparation for 2015 is entering the home stretch for many companies, and soon performance will dictate how well the numbers have been prepared. How well a budget performs is determined by a number of factors, such as changing economic conditions, market behavior, and management practices. Consistent forecasting helps leadership see a snapshot of where[]

ENERGY STAR® includes Broader Scope of Apartments in Rating System

The multifamily housing industry finally has its long-awaited energy rating system that now covers the whole nine yards. In September, the Environmental Protection Agency (EPA) rolled out its new 1-100 ENERGY STAR rating system, culminating a three-year effort to create an equitable energy efficiency scoring system for multifamily properties. Beginning Sept. 16, apartments of all[]

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