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.

When Opportunity Knocks, Will the Apartment Industry Answer?

An improving economy fueled a strong run in the apartment industry last year, and it appears that the momentum will continue in 2015. Forecasters are looking for continued churning in the U.S. economy, which grew at an annualized 5 percent in the third quarter and finished the year with a bang. In December, the Dow[]

Testing the Benefits of Smart Home Technology

Margette Hepfner imagined what her morning would be like in the smart apartment of the future: She would awaken to the television, cued to turn on at 5:15 a.m. The lights begin to gradually brighten so she doesn’t have to squint while walking to the kitchen, where coffee is already percolating. The barcode reader near the[]

Earthquake Preparedness Tips to Use at your Property

Recent and frequent earthquakes around the U.S. should get property managers to start thinking about preparedness measures. Moderate temblors are hitting areas relatively new to seismic activity, according to the U.S. Geological Survey. Already in 2015, North Texas has been hit by unprecedented earthquake activity. On Jan. 6, a flurry of small quakes struck the[]

A Look Back at 2014: The Year’s Best in Property Management Insider

In 2014, we witnessed “stellar” space movies, bendy smart phones, a number of hackings, and ice bucket challenges—this was a year of surprises to say the least. For the apartment industry, there are some topics, such as resident retention, apartment market data, and of course property management, that will continue to be relevant time and[]

6 Questions to Ask Before Removing Snow from your Property

As the holidays wind down, winter weather will continue to ramp up as it does each year in many parts of the U.S. Some areas have already been hit hard, and the promise looms that more snow and ice will blanket many regions once again across the country. Snow and other precipitation in the Northeast[]

Why Renters Insurance Works for Residents and Property Owners

Slowly but surely, the rental industry is doing a better job of convincing renter’s that they need insurance. A 2014 Insurance Information Institute poll conducted by ORC International found that only 37 percent of renters have renter’s insurance, up eight percent from 2011. The number has steadily grown since 2006, when about seven million policies[]

Using Business Intelligence to Understand your Residents

With a little more than two years of the big data revolution under our belts, some small discoveries in resident information are leading to some colossal changes. The possibilities of monetizing valuable resident data are unlimited, says some industry marketers and number crunchers. Panelists as November’s National Multifamily Housing Council (NMHC) OpTech conference in Orlando[]

10 Safeguarding Tips to Decorate your Property this Season

For most people, the holidays can be a time for fun and family festivities. As residents deck the halls, communities should be aware of the some of the more common dangers that come with decorating during the holiday season. Ed Wolff, President of LeasingDesk Insurance, says the holidays are a time when residents should remember[]

A Season for Giving Back: Property Charity Events Ideas

The apartment industry has traditionally been a big participator in charitable endeavors, especially when it comes to this time of the year. Later this month, the Apartment Association of Metro Denver will host its “Ugly Holiday Sweater & Comedy Night Power Mixer” to benefit pediatric brain tumor research. Members are urged to dig out those[]

7 Helpful Tips to Prevent Fires from Alternative Heating Sources

A warm blast of direct heat does wonders to take the chill off an apartment. But that flow of warm air from a space heater or other heating device can be damaging – and deadly – if left unattended or misused. The National Fire Protection Association (NFPA) and other fire prevention advocates warn that heating[]

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