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.
With three generations working side by side in property management companies, conflicts are bound to arise. Here are some tips to help you transform your workplace from the “clash of the generations” to an age-diverse, competitive, and productive team.
Everyone has an opinion about Millennials, including when integrating them into the workforce. Regardless of your opinion, Millennials are very capable of making contributions in the workplace and property management companies should learn to embrace them.
Thanks to developments in hybrid grasses over the years, apartment communities have almost as many choices in grass varieties as they do types of counter tops and flooring.
Employees multitasking at meetings or just shunning work responsibilities to check social media not only create challenges for managers, but could cost property management companies money in the long run. One possible solution: some good ol’ fashioned face-to-face supervision.
Recent data seems to suggest that multifamily workforces are experiencing a significant “skills gap” with the demands of their current positions and the skills needed to compete effectively in the coming years.
The multifamily industry is seeing a fundamental shift in terms of how mid-size cities look and feel by offering apartment-based lifestyles to a new generation of renters.
When it comes to reasons for not renewing, many of them are based purely in basic comfort. If residents see that a property management companies are willing to invest in their apartment home, they’re more likely to renew their lease.
The best property management teams are empowered to deliver great customer experiences because they don’t let the rules get in the way of solving a resident’s problem or providing exceptional service.
With just a few modifications to existing fixtures and systems, implementing water conservation practices doesn’t have to be an involved process and will help apartment properties save money while reducing their environmental impact.
Camden Property Trust is experimenting with technology to reach potential applicants and efficiently identify top candidates without a lengthy, exhaustive search that may not produce the right candidate in the first round.
Earnings matter. This is as true in energy, industrials and consumer staples as it is in real estate...
Congratulations! You have a fantastic product. Newsflash! Your competitor has a fantastic product, t...
Multifamily owners will sometimes find themselves non-compliant because of a misinterpretation of th...
An automated vending machine generating $2,500 in weekly revenue is most likely not selling just can...
When it officially stamps hoarding as a disorder in May, the American Psychiatric Association will c...
Property Management Insider is brought to you by RealPage. Learn more.
