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,[]

How Cloud-Based Technology Can Save Maintenance Teams Time and Money

New tool technology is exceeding traditional definitions of improvements to the power tools that build and maintain multifamily housing. High-tech and blue-tooth enabled tools are not only designed to ease the chores of drilling, sawing and affixin’ but also save time and money. Cloud-Based Technology is Making Maintenance Mobile Tools have come a long way[]

Spend Management Multifamily

Properties can Add PEPP to their Step and Save through Spend Management

How effective are your spend management practices? Not many property managers or owners would turn down an opportunity to save $10,000, or they’d at least take a good look at how to do so. That’s what RealPage says is possible, when using the right spend management solutions. Based on a 200-unit apartment, a comprehensive spend[]

The Hottest Trends in Multifamily Outdoor Living

Summer is right around the corner, and the weather isn’t the only thing heating up. New trends are on the horizon in multifamily, and apartment communities are finding new ways to bring the full indoor living experience outdoors. The National Kitchen & Bath Association identified outdoor kitchens and living spaces as the hottest trends in[]

Apartment Landscapes Grass

How Property Managers can Battle Weeds in Apartment Landscapes

The wetter-than-normal fall and winter in some parts of the country has been quite a relief for landscapes starved by drought in recent years. But there will be a price to pay this year, say landscape professionals and agronomists. In a recent post on the Texas A&M AgriLife Extension Service website, agronomist Dr. Jourdan Bell[]

Maintenance and Residents

10 Ways your Maintenance Team can Improve the Resident Experience

How many times do your residents see the leasing staff compared to the maintenance team? Think about it. Before online payments, leasing office staff could count on seeing a resident up to a dozen times a year, at least when the rent was due. Now with conveniences such as resident portals and online leasing, residents[]

multifamily social media

What’s New in Social: Twitter’s Birthday, Instagram’s Algorithm and Online Video Distribution

It’s crucial for property management professionals to find innovative ways to connect with prospects and generate business, and social media is a powerful tool to help. This weekly series was created to keep readers up-to-date on the latest trends and updates in social media. By creating a strong multifamily social media presence, your property management company is[]

online leasing

How to Avoid Shopping Cart Abandonment in Multifamily

Three big reasons people leave websites without leasing – and what you can do about it. In the world of online retail, shopping cart abandonment is a serious issue. It’s the term for walking away partway through the purchasing process –an “almost” sale. Close doesn’t count in retail, so B2C companies spend a lot of[]

Tarrant Regional Water District IMG_5080

Managing Storm Water Control in Multifamily

The frequency of extreme weather events in some parts of the country has landscapers and water conservationists rethinking storm water drainage and landscape design. While excessive rainfall and heavy runoff or flooding has swept away drought, it has also left some landscapes tattered and in need of repair. Dealing with water control in property management[]

Apartment Pricing Multifamily

Predictive Analysis is Now Leading the Evolution of Apartment Pricing

The modern age of the apartment industry is looking a little like America’s favorite pastime. New advances in revenue management, driven by data science remind many of the sabermetrics now prevalent in baseball. You may recall the story in 2002 of how Oakland A’s general manager Billy Beane, facing a low budget and the loss[]

multifamily

Thank You for Living with Us: Showing Appreciation to Multifamily Residents

Simply saying thank you can bring multifamily residents back for another round of living at your community. The apartment industry can learn from Sal Scognamillo at Patsy’s. Like his Italian restaurant in New York City, apartments today have a wealth of competition. Unlike Patsy’s, not many can say they have a rich history of housing big entertainers[]

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