Smart Home Technology and IoT in Multifamily

Smart Home Technology and IoT in Multifamily

Smart home technology, Internet of Things (IoT) and connective devices provide substantial benefits to property managers and building owners but can often represent a costly investment. Are you ready to upgrade? It’s a fact – the Internet of Things and connected tools are the way of the future. Smart technology has improved nearly every facet[]

multifamily acquisitions

Avoiding Nasty Surprises in Multifamily Acquisitions

During multifamily acquisitions, due diligence can make or break a deal. Ian Mattingly, President of LumaCorp in Dallas, Texas, is all too familiar with the nasty surprises that can occur during an acquisition. His company has made 45 acquisitions in the past 32 years, and currently owns 6,000 units in 32 communities. While mistakes are[]

Leveraging the Renter Lifecycle

At every stage, from prospect through move-out, the renter lifecycle is rife with opportunities for better business practices. Managing multifamily properties involves so many moving parts that it’s easy to lose perspective. We sometimes forget that ultimately our business is not about market conditions, vacancy rates or asset value but about people. That’s why one[]

Why the Apartment Industry Should Take Baby Boomers Seriously

As this group born after World War II and just before Davey Jones and the Monkees took America’s teens by storm aged, it established a confident and optimistic culture that shaped housing for years to come. Boomers chased a greater, affluent lifestyle and were willing to mortgage the farm to get what they wanted, unlike[]

Tips for Transitioning Apartment Communities into Operational Brilliance

A new property acquisition often signals an opportunity to strengthen a multifamily company. Done right, transitioning the property to a management company’s portfolio can be business as usual. But there is a lot of behind-the-scenes work that has to be done, and then there’s not guarantee that the transition will be seamless. As expected in[]

Aimco Adding Artistic License to Redevelopment Project

Residents may tell their friends to take the elevator to the Van Gogh Floor for a wine party. Or meet by the elevator near the Quarterback Patio. Cold drinks at the Governor’s Social Lounge  sound refreshing. Theming apartments to their surroundings isn’t uncommon, but one company is blending its redevelopment projects into the fabric –[]

Best Practices for Twitter: What Apartments Need to Know

While social networks like Facebook are predominantly B2C (business to consumer), Twitter presents a unique opportunity for B2B (business to business) engagement. With Twitter, your property’s interactions can be directed toward a broader community, including residents, local businesses, other properties, corporate management offices, the multifamily industry, etc. Twitter (The Basics) Twitter is a social media[]

What is Portfolio Asset Management for Real Estate?

Real estate asset and investment firms deal with tons of incoming data every day, in regard to their assets. That information must be collected, consolidated, and analyzed. Then, reports must be created and shared throughout the organization. It’s an arduous process. And without the right tools, it can also be error-prone frustrating and expensive. That’s[]

What is Real Estate Enterprise Accounting?

In a real estate business climate where products cover every niche available, one area has been surprisingly lacking:  accounting for real estate investment companies. Products that perform exceptionally and truly cater to this segment are in short supply, especially in the mid-market range. Real estate enterprise accounting helps private equity real estate firms, Limited Partners[]

How to Minimize the Negative Impact of Heavy Rains on Apartment Landscapes

With the recent abundance of moisture in the Southwest, the prospects for great summer curb appeal appear good for apartments. Frequent and heavy rains have resurrected water-starved landscapes into lush, green utopias that are eye-catching and keeping lawn and maintenance staffs busy. The good news is that well-maintained grass, bushes, shrubs, and trees are now[]

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