Perception Counts, Even in Apartment Maintenance

Perception Counts, Even in Apartment Maintenance

I rarely get called Mr. Blackwell, although one colleague insists on greeting me that way. Just so you know, I’m no relation to the fashion czar who ruled Paris and Rodeo Drive until his death a decade ago. You may recall that his designs had no boundaries and that annual style lists of the rich[]

Prepare Your Properties for Hurricane Season No Matter the Forecast

Just because the forecast calls for less activity doesn’t mean that the season should be taken lightly. In 1972, 1983 and 1992, three hurricanes – Agnes, Alicia and Andrew – caused more than $30 billion in damage. In 1992, Andrew left at least 26 people dead and $26.5 billion in damage as it tracked across southern[]

Smart Furniture: The Future of Apartment Furnishing

Healthy lifestyles and smaller living quarters have stimulated interest in the last decade to market furniture or equipment that interacts with users or has dual functionality or both. Few may remember much about 1984, but that was the year that a Chrysler salesman had to be pretty pumped. Rolling off the assembly line were the first[]

Customer Experience

3 Tips for Responding to a Failed Customer Experience This Summer

Spring has sprung, and summer is quickly approaching. It is a busy time of year when free shipping deals erupt, summer promotions explode, and retailers see a positive swing in the volume of customer interactions—online and face-to-face. Regardless of the chaos, retailers love each and every rush because they represent a huge percentage of their[]

Between Generations, Housing Preferences Have Evolved

Over the previous few blog posts, the economic factors that are likely causing Generation Y’s lowered propensity to purchase homes was discussed. Declining incomes, higher costs of living, the unavailability of affordable homes and tighter mortgage qualifications all present significant obstacles to young adults’ ability to buy a home. Those were contrary to the majority[]

Electric Safety Month

10 Tips for Maintaining Electrical Safety at your Rental Homes

Electricity that provides the necessary power to make a house feel like a home is a necessary convenience today. It consumes its fair share of the energy that it takes to operate your properties. Because a growing number of appliances are used in today’s homes, more electricity is being consumed, says the Electrical Safety Foundation[]

Qualified Millennials Find Affordable Homes in Short Supply

A previous post, “Millennials Face Unprecedented Economic Hurdles to Home Ownership,” outlined some of the most pertinent economic constraints facing the Millennial generation with regards to home purchase. Declining incomes, higher costs of living and an increasing cost of homes present significant obstacles to young adults’ ability to buy a home. Another obstacle for would-be[]

Millennials Face Unprecedented Economic Hurdles to Home Ownership

A previous post, “For Millennials, Low Ownership Rates Weigh on Household Formation,” showed a lack of participation in the housing market among young adults in the Millennial generation. As a percentage of the population, Generation Y isn’t renting more than young adults in the previous generation. Instead, they are buying fewer homes. The reason for[]

For Millennials, Low Ownership Rates Weigh on Household Formation

The Millennial generation is frequently a topic of discussion in the real estate industry along with almost every other. While fascination in any cohort that is emerging into adulthood is a recurring theme in modern history, the immense size of the Millennial population has heightened anticipation of their entrance into the housing market. However, the[]

Apartment Resident Turnover

What Factors Correlate with Apartment Resident Turnover?

What do a metro’s median age and economic strength have to do with apartment renter turnover? It turns out, the connection is strong. It also turns out that household income, Millennial population and rent growth have very little to do with lease renewal conversion. MPF Research recently covered the metro areas with the highest and[]

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