The Keys to Operational and Revenue Success in Multifamily

This October in Dallas, a climate where supply outpaces demand in some markets, multifamily leaders met to discuss how to get more revenue out of their Texas assets. Discussions focused on how to maximize amenities and get the biggest return on the dollar by basically understanding what residents really want through their actions. At the[]

multifamily amenities

Top Multifamily Amenities and Services to Consider Next

Panelists speaking at the 2017 Marcus & Millichap Multifamily Forum in Dallas acknowledged that multifamily’s techno buzz is alluring but advised keeping a finger on the human touch when considering what amenities to pursue in the future. The expense and implementation of smart technology can lose its luster compared to a hands-on environment that promotes[]

accounting software

Outsourcing Accounting Has Become a Competitive Advantage

Apartment acquisition is not just a question of having the investment capital in the tank, but also a matter of enough horsepower to get there. Expanding a property management portfolio requires effective administration of new properties, from onsite personnel to the back office. If there isn’t enough muscle, the profitability goals won’t be met. “I’ve[]

benchmarking

Benchmarking Amenities to Determine Their True Value and Price

Apartment residents today are quick to say what amenities they most prefer. While surveys offer great insight, the ultimate way a renter communicates interest with certain features is by signing a lease. An amenity rich unit that sits vacant on the market too long is an indicator that the price may be too high. A[]

spend management software

7 Ways the Right Spend Management Software Empowers Your Staff [eBook]

For properties to stay relevant and competitive, it is a must to strengthen staff purchasing power. Upgrading and training exceptional talent helps to ensure success both now and in the future. Empowering your staff with comprehensive spend management software will fully equip them with the skills and tools necessary to wage battle every day. Here[]

apartment demand

NMHC is Up for the Challenge of Meeting Apartment Demand

National Multifamily Housing Council President Doug Bibby is up for another big challenge, one that may consume the rest of his career in the apartment industry. With apartment demand projected to reach an additional 4.6 million households by 2030, he’ll have plenty to work on. And it may be no different than in 2001 when[]

multifamily learning management system

EasyLMS Becomes First True Multilingual Multifamily Learning Management System

In many parts of the U.S., Spanish speakers now make up a large part of the maintenance and housekeeping staff at many multifamily properties. And while Spanish versions of courses are now part of most multifamily learning management systems, they’ve only partly solved the difficulty of the Spanish speaker’s experience. Why? Because while the course[]

apartment market research

New from MPF Research: Top Investment Markets, Hurricane-Affected Metros, Job Growth Trends

MPF Research provides actionable apartment market research to apartment investors and operators. Here’s the latest from RealPage’s multifamily intelligence division. Is Orlando a wise apartment investment choice? Orlando is the top contender for increased, near-term multifamily investment, according to respondents of a multifamily survey produced by the National Apartment Association and RealPage. In a new[]

property budget

Three Keys to a Successful Property Budget Review

A budget is your vision of an asset and a forecast of potential earnings. While creating a portfolio or property budget, our deniable need to put everything under the microscope to review and analyze blurs the view. As we try to ensure that values tick and tie, we can miss the big picture. So where[]

multifamily property

How to Prepare Your Multifamily Property for Winter

As we’ve all heard countless times before from our favorite sports coaches, the best offense is a good defense, and readying your multifamily property for winter is no different. A preventative weatherization program will help you catch small problems before they blossom into huge problems, thus saving you thousands of dollars and hours of headaches[]

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