Five Ways to Create a Powerful Spend Management Program

When revenue management gets more scrutinized during shifts in market cycles (such as is the case now in the apartment industry), focus on expenses becomes more intense. Offsetting deficits of dollars coming in can, in many cases, be achieved by juggling the dollars going out. That seems to be top of mind for many stakeholders,[]

multifamily design

Multifamily Design Trends to Watch in 2017

A new year means interior designers have wiped their palettes clean and reloaded with a fresh set of styles and crazes to outfit living spaces. Exhausted trends have faded into the horizon and new paint styles, kitchen and wall finishes and furniture looks are poised to make a run for multifamily design into 2017. With[]

revenue management

Growing the Pie on Revenue Management

Revenue management helps property managers find the right balance in rents Whether a community is leasing up for the first time, undergoing a makeover or just riding the ebb and flow of market cycles, apartment owners and operators must find the right balance in rent prices so their properties perform at maximum efficiency. However, equalizing[]

apartment marketing

New on #AptChat: What Metrics Matter Most for Apartment Marketing?

Once again, we tune you into the latest Twitter-based conversation between property management professionals at Apartment Chat to bring you ideas that will help you manage more effectively. In a recent discussion, participants talked about which metrics are the most important to consider in order to improve apartment marketing efforts, and how to make the most[]

utility data

Mining Utility Data Saves Money and Mother Earth

Mining data to spotlight cost-saving opportunities is all the rage these days – and for good reason. But when it comes to one of the biggest expenses of all for multifamily properties, utilities, not everyone is exploiting the goldmine of information contained in utility bills and submeter data. The folks at RealPage Utility Management (formerly[]

multifamily

The Longest 7th Inning in Multifamily History

Despite uncertainty, multifamily poised to continue extended run of current cycle A tumultuous presidential election that some blamed for rattling the U.S. economy beforehand but has since energized the market has unquestionably added another layer of uncertainty for the business sector. And, while apartment industry leaders may question what lies ahead just as others, multifamily[]

rent stratification

New from MPF Research: Rent Stratification

MPF Research released some fascinating data recently on rent stratification (price differences based on property class) in markets across America. It turns out that in one city a Class A apartment might cost you only 30% more than a Class C, and in another, nearly three times as much! Foremost among factors driving larger differentials[]

multifamily marketing

New on #AptChat: Tech Trends in Multifamily Marketing

Each week, industry leaders join the Twitter-based conversation at #AptChat to exchange best practices and ideas. A recent chat focused on what technology is bringing to multifamily marketing. Here’s how the discussion went: 35% of renters expect a response “in a few hours or less” when contacting a property. How can tech help reach prospects[]

student housing

The State of Multifamily Construction

Higher construction and labor costs continue to challenge the housing industry, prompting newer strategies to build multifamily and student housing communities within budget and on schedule. Since the apartment boom launched a few years ago, developers and builders have battled a lack in skilled labor. In the last couple of years, materials prices – namely[]

student housing

Amenities that Drive Student Housing

Student housing design centers around social, educational experiences Far away from yesterday’s frat house lifestyle, student housing settings are designed to enhance not only the social but also the educational experiences on college campuses. The blueprints for living and communal spaces in towering habitats emphasize individual and collaborative learning to supplement the higher education experience.[]

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