Power Couple: Resident Billing and Invoice Processing

Utilities are among property managers’ top operating expenses, according to the NAA’s most recent survey of Operating Income and Expenses. Rising utility costs and unforeseen rate hikes coupled with increased utility billing regulations, as well as renter expectations of online payment options, have created a conundrum for multifamily owners who realize they must come up[]

Reducing Costs Through Energy Management Essentials

Reducing Costs Through Energy Management Essentials

Each year, multifamily property owners spend serious money on energy and water, even considering that many of their tenants foot the bill for what they use. According to the American Council for an Energy Efficient Economy, multifamily properties comprised 11 percent of all electricity and natural gas sales in 2009. That same year, multifamily properties[]

A Consultative Approach to Enhancing Revenue Management

A Consultative Approach to Enhancing Revenue Management

The analytics of an effective revenue management tool go a long way toward helping a multifamily property realize its full potential. But the real trick to getting the most out the software that has redefined multifamily management in recent years goes deeper. The churn in analytics that balances supply and demand for maximizing revenue growth[]

The 3 Tiers of a Property's Risk Management Strategy

The 3 Tiers of a Property’s Risk Management Strategy

With property operations, every day the sun sets and rises with the risk of incurring vacancy losses, bad debt, collection and concession losses, and more. “Do you have a risk management strategy?” It’s one of the top questions asked of property management companies, and many organizations mistake risk mitigation for risk management. If your company[]

5 Key Areas to Cut Costs – Best Practices for Affordable Housing [eBook]

5 Key Areas to Cut Costs – Best Practices for Affordable Housing [eBook]

Affordable housing, while providing an invaluable service across the country, can prove challenging when tasked with the uniqueness of offering quality residences with limited resources. Keeping up with payroll, maintenance, inefficient utilities, overhead costs and  various other tasks can cause property owners to struggle to provide an ideal community. With the right software however, properties[]

Multifamily Accounting to Manage Projected Growth

Multifamily Accounting to Manage Projected Growth

A fundamental of economics is that when supply and demand meet in that coveted sweet spot, the piece of the pie usually gets larger. Never more true, is in the current multifamily housing cycle. The last five years haven’t disappointed, as transaction volume has reached record proportions, exceeding $100 billion annually. According to the National[]

Price Units Right in Student Housing with Revenue Management

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[]

Engage Prospects with Immersive Content at Any Property

Engage Prospects with Immersive Content at Any Property

The eyes of a prospective renter walking into the apartment at Acacia Pointe are immediately focused on living area. Plenty of light streams into the room, where neutral tones soften walls bordered by wide crown molding. A comfy couch and long ottoman look and relaxing, the back door opens to a balcony that promises fresh[]

Amenity Valuation - Are You Getting It Right?

Amenity Valuation: Are You Getting It Right?

As an apartment operator, do you know what residents think amenities are worth? In this amenity crazed market, multifamily housing leaders need to understand what features like hardwood floors, appliances types – even a unit with a view of the swimming pool – mean to property performance and leasing. Factoring key influences and property amenity[]

Measure What You Manage in Multifamily with Energy Star

Measure What You Manage in Multifamily with Energy Star

Energy Star began identifying energy efficient computers and printers in 1995, and the rest is history. Today, it has rated thousands of apartment properties across the country through its Portfolio Manager benchmarking tool, most recently adding waste to its lineup. Most importantly, it’s fast becoming the catalyst for local legislatures to mandate benchmarking to drive[]

Green Roofs on Building Tops Trending

Green Roofs on Building Tops Trending

Green roofs—solar, garden and combination—are making their way across the country, with the latest ordinance now in effect in Denver, Colo. As owners and operators assess what such measures add to the cost of multifamily construction and retrofits, many wonder about the benefits, detriments and pay-offs of this latest regulatory trend. Green roofs are nothing[]

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