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.

Why “Outsourcing” is No Longer a Dirty Word for Multifamily IT

Not many multifamily IT departments can say that they make a direct positive contribution to the bottom line. The administrators, technicians and engineers who keep property management computers running, linked to the internet and out of harm’s way are usually viewed as a drain on expenses. “Most IT departments are considered a black hole,” says[]

Short-Term Rentals Offer Multifamily Operators New Opportunities

The apartment industry has been no stranger to supplementing the rent roll by offering short and long-term rentals over the years. Owners and managers have stuck their toes into corporate housing, some providing designated blocks of units to accommodate executives and new hires at local companies and others working on a per-business basis to provide[]

Secret Weapons to Better Manage Affordable Housing

Managing Affordable Housing brings a unique set of complexities compared to other forms of rental housing. Professionals in the Affordable industry must ensure that the property and/or portfolio is working within the rules of United States Department of Housing and Urban Development (HUD) and other regulatory agencies. But doing so doesn’t have to be a daunting[]

The Edge of Innovation at NMHC OpTech

The multifamily housing industry, traditionally a step or two away from the cutting edge, is learning to embrace innovation at a time when the globe isn’t sitting still. Today, world leaders and innovators are asking “why not?” and willing to push advancement to the brink, sometimes for the unimaginable and often with risk. Many are[]

Overcoming the Hurdles of Payments in the Affordable Housing Industry

Online payment adoption is rising steadily in conventional multifamily and leading to the expectation of more self-service opportunities for renters. Recent industry information shows a continued shift of traditional payment methods away from the leasing office. Since 2015, paying rent on line has increased and estimates are that 55 percent of the apartment industry will[]

Demystifying Multifamily Energy Procurement

A lot has happened to the energy management market in the last 20 years. A few decades ago, pricing was steady, except for when utility companies filed for an increase because they didn’t achieve a desired rate of return over time. As they frequently went to the well, the game began to change. State legislators enacted[]

Leveraging Data to Pay Less on Multifamily Utilities

As discussed in RealWorld 2018 sessions  Energy prices rarely stand still, but lately, utility costs have been far more unpredictable. And, if it continues, that could be a concerning trend for multifamily energy management. Is your multifamily business prepared for the hit it might take on utilities? Some organizations are taking proactive precautions. Some are[]

User Management Made Simple with a Unified Platform

As discussed in RealWorld 2018 sessions  RealPage has been on the cutting edge of rental housing software for over 20 years. Now, it’s consolidating all of that innovation into something special. It isn’t a product or solution. It’s a new philosophy, called Unity, that will change how the rental housing industry experiences RealPage. One of[]

The Next Generation of Multifamily Document Management

From paper clips to file folders, and filing cabinets to computer systems, the process of storing, managing and organizing documents is as old as paper itself. And in real estate, managing documents like contracts and vendor agreements is crucial to running a healthy business—especially when you’re dealing with multiple units as multifamily does. It’s precisely[]

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