The U.S. apartment market gained a bigger spark than most anticipated in the third quarter, a needed boost as the market approaches the seasonally slow year-end period. Annual rent growth of 3 percent for the quarter marked a shift from slowing price increases since the end of 2015. Strong leasing activity and tightening occupancy were[…]
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[…]
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[…]
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[…]
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[…]
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[…]
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[…]
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]](https://www.propertymanagementinsider.com/wp-content/uploads/5-Key-Areas-to-Cut-Costs-–-Best-Practices-for-Affordable-Housing-eBook-190x150.jpg)
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[…]
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[…]
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[…]
Earnings matter. This is as true in energy, industrials and consumer staples as it is in real estate...
Congratulations! You have a fantastic product. Newsflash! Your competitor has a fantastic product, t...
Multifamily owners will sometimes find themselves non-compliant because of a misinterpretation of th...
An automated vending machine generating $2,500 in weekly revenue is most likely not selling just can...
When it officially stamps hoarding as a disorder in May, the American Psychiatric Association will c...
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