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.

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[]

Avoiding a Property Nightmare

Keep these Spooky Signs in Mind You might enjoy getting freaked out this time of year, but operating an apartment community doesn’t have to be scary . In many instances, property nightmares can take many forms for onsite managers. However, there are ways you can control your property and keep it from becoming a nightmare to[]

6 Ways to Ring in the Holidays with your Residents

Celebrating the holidays can be a fun and easy opportunity to bring your residents together. Because this is one of the best times of the year to get residents involved, facilitate some family-friendly activities that will entertain all the members of your community. Here are several easy ways to engage residents during the holidays: 1.[]

The Bugs are Back: The Start of Stink Bug Season

The arrival of cooler fall temperatures signals the start of stink bug season, when the insects seek the warmth of apartments. Leave it to a few pests to really stink things up. The bugs, which are on the rise in the U.S., are particularly uninviting. They are an ugly, annoying, and stubborn pest. Even when crushed or[]

Crisis Communication Plan

4 Quick Tips to Help You Form a Crisis Communications Plan

As a property manager, protecting residents is your number one priority. Because of this, crisis management should be an essential part of your property management business. A crisis can be any situation that is threatening or could threaten to harm people or property, seriously interrupt operations, damage reputation and/or negatively impact the bottom line.  Even[]

5 Questions to Ask Adult Children Seeking Senior Living Services

Movie actress Bette Davis once said that getting old isn’t for sissies. While many of today’s seniors will likely agree with that, so will adult children who care for or are making life decisions for their aging parents. Aging populations are creating a demand for independent or assisted living communities while also placing heavy responsibilities[]

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