Pricing Units Right in Student Housing with Revenue Management-1

Price Units Right in Student Housing with Revenue Management

Every time you buy a plane ticket, rent a car or book a hotel room, an algorithm somewhere calculates exactly what you should pay on that particular day, based on availability, class and amenities, competitor pricing, season, historical data and other criteria. The algorithm balances supply and demand by adjusting prices to help business managers[]

utility billing

Utility Management: Legislative and Regulatory Update

Here’s the latest in multifamily utility billing compliance for the states of California, Ohio and Texas: California California Senate Bill 7 (SB 7) was signed into law in 2016 by Gov. Jerry Brown. By its terms it becomes effective as of Jan. 1, 2018. All properties that request a water connection from a water utility[]

multifamily market

As Expected, Multifamily Market Returning to Normal in 2017

A year ago, the consensus among multifamily leaders was that 2017 would be a tale of a storybook market cooling its heels. By last fall, analysts observed that a slowdown was already underway and would continue into the next year. Issues with affordability and funding loomed, as did price flattening due to a shake-up in[]

pet-friendly communities

Solving the Decline of Pet-Friendly Areas with Xeriscaping

Pet-friendly communities continue to be a desirable amenity, as well as a leash to bring in new apartment residents and retain others. Industry experts agree that a grassy park or designated area for dogs to stretch their legs, have a catch with their owner or do their business helps lease units and can command increased[]

affordable housing

Benchmarking Utilities in Affordable Housing

As a recent addition to the affordable housing realm, I’ve had to adjust my approach to the areas of opportunity an ancillary revenue and utility management person would generally operate in. Utility management specifically has taken on a new focus. I’m used to categorizing properties by building type, then benchmarking the buildings in each category[]

How to Create Budget-Friendly Storage Space with Kitchen Cabinets

A detached garage with a small shop area went up at the Blackwell residence in 2017. Everything you’ve heard at multifamily sessions or read on Property Management Insider and other industry publications is true about the pitfalls of today’s construction industry. There’s far too much work to go around—at least in Texas—for the amount of[]

digital trends

The Top 3 Digital Trends for 2018

As we prepare for a new year, it’s clear that residents and consumers are spending more time online. Here are the top three digital trends that multifamily should pay attention to in 2018: 1. The growth of video consumption Online video is here to stay. We’re living in the attention economy—shorter attention spans and mobile[]

Financial Budget Variances

4 Areas to Focus on to Better Understand Financial Budget Variances

Being able to manage the leasing, residents and staff are critical functions of a good property manager, but often I hear from regional managers and other leaders in the multifamily housing industry that managers are good at running properties, but don’t fully understand how to read a financial statement. Understanding financial budget variances in property[]

business intelligence software

5 Features Your Business Intelligence Needs to Outsmart the Competition [eBook]

In a market crowded with business intelligence software solutions, how do you know which one provides relevant and accurate data to help your business? Here are the five factors that are critical to helping your business achieve substantial results across its portfolio: 1. Competitor benchmarking: Self-service benchmarking tools can reveal where you stand against the competition. []

holiday safety

‘Tis the Season for Safety

There are a lot of wonderful ways your property can celebrate the season: lights around the property, in-office decorations and community holiday events, but there’s an important, yet unpleasant aspect that it pays to push: holiday safety. While no one likes to think about crime during the holidays, criminal mischief can take a larger toll[]

apartment market research

New from MPF Research: Bay Area Construction, Rent Growth in Secondary Markets, Top Metros for Planned Units

MPF Research provides actionable apartment market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division. Bay Area construction increases in East Bay, recedes in San Francisco, San Jose Massive apartment delivery volumes have long been a staple of San Francisco and San Jose. As activity in those metros finally cools,[]

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