Technology Puts Muscle into Saving Time, Money in Residential, Commercial Construction

Technology Puts Muscle into Saving Time and Money on Construction

Ben Bruns of the Weitz Co. says that in some ways the construction industry was more efficient before World War II. Erecting buildings just didn’t take so long. At a recent student housing conference, the company’s national development director pointed to the Empire State Building as an example. Built in 1931, the wondrous tower stretched[]

data science

Data Science Techniques for Real Estate

As discussed in RealWorld 2018 sessions  Most people won’t argue with you about the importance of data. There are more data sources now than ever before, and we know we need to tap into them—but collecting the right metrics, interpreting properly and translating into business decisions that improve results is another story. Savvy property management[]

Creating Interactive and Risk-Free Content for Multifamily Websites-1

Creating Interactive and Risk-Free Content for Multifamily Websites

As discussed in RealWorld 2018 sessions  You see it everywhere—animated logos in Times Square, digital billboards at the mall, streaming ads on internet banners. Moving images are the advertiser’s medium of choice, and marketers from all industries have made plenty of headway. So when property managers rely on still footage in 3D floor plans and[]

How Mitigating Vendor Risk is Simplifying Property Management

How Mitigating Vendor Risk is Simplifying Property Management

Nearly every property manager can relate to – or at least empathize with those who have experienced – the middle-of-the-night emergency plumbing breakdown. It’s when the phone rings at 3 a.m. and a resident is ankle deep in water. Only this time, the property management company’s go-to emergency plumber is slammed and a frantic search[]

Reducing Risk and Avoiding Pitfalls Through Utility Billing Compliance

Reducing Risk and Avoiding Pitfalls Through Utility Billing Compliance

Understanding the complexities and rules for resident utility billing is a challenge. Passing along water, electric, gas and other utility charges to a resident, either separately or as part of monthly rent, is loaded with administrative twists and turns, not to mention regulatory headaches, that can erode resident satisfaction if not managed right. The key[]

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[]

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[]

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