The Keys to Operational and Revenue Success in Multifamily

This October in Dallas, a climate where supply outpaces demand in some markets, multifamily leaders met to discuss how to get more revenue out of their Texas assets. Discussions focused on how to maximize amenities and get the biggest return on the dollar by basically understanding what residents really want through their actions. At the[]

How Revenue Management Systems Make Leasing and Renewals Easier

With rising rent rates in the apartment market, property managers are looking for the best way to maximize revenues. A revenue management system potentially could be the answer. Mrs. Johnson has been a good tenant since arriving at the community several years ago. She leased her two-bedroom apartment at a great rate when occupancy levels[]

HUD Fair Housing App

HUD Launches Fair Housing App

We kick off our coverage of Fair Housing Month with a look at the HUD housing discrimination mobile app for iPhone and iPad, which provides the public with a quick and easy way to learn about their housing rights and to file housing discrimination complaints.

3 Tips for Inspiring the Team with No Fans

What if you were the only fan, or even worse, playing on a team with no fans? If you are a fan of team sports, you can bet you are not alone. But, what if you were? While people are motivated by different things: money, success, recognition, status, etc., these are not the only things[]

Is your Property Prepared for a Tornado?

Spring hardly came in like a lion as far as tornadoes go. Until damaging twisters hit Oklahoma and Arkansas in late March, one of the historically heaviest months for spawning Tornadoes was meek as a lamb. None had developed in the first three weeks, and only four warnings were issued nationwide. Weather forecasters say that[]

How Mobile Inspections are Revolutionizing Student Housing

Just as the frenzy over rush week mounts on college campuses, student housing operators move into high gear for a few weeks each year when apartments turnover. Spring and fall apartment turns happen fast, which means time is precious when moving one student out and another in before the semester starts. With an increased demand[]

Be Seen in Green: The Future of Drought-Tolerant Grass

Preservation of natural resources remains a big topic in multifamily, enough that discussions about reducing energy and utility use typically fill a session or two at education conferences. Not long ago, an industry executive mentioned her company was being a good steward of the environment and eliminating lawns with concrete in the same breath as[]

Income and Rents: It Takes Money to Make Money

As apartment rents continue to trend higher, real estate economists are worried income growth isn’t keeping up. After all, an increase in rent means residents are forced to allocate a higher percentage of their income to housing if their paychecks don’t also increase proportionately. Investors, especially in Class B and C assets, are worried that[]

5 Pool Maintenance Tips to Help you Pass Inspection

The last thing most apartment residents may be thinking about now is jumping into a chilly swimming pool. But it’s time for property managers to get their pools and spas ready for the summer season.  At least once per year, properties should have all of their pools inspected to ensure compliance with the appropriate federal,[]

How Multifamily Properties can Save by Going Green

Going green can save some real bucks now for apartments, and more than just on energy bills Developers and investors will be able to cash in when financing multifamily properties that have a green building certification. In February, Fannie Mae announced that it will give discounts on interest rates if the buildings have an energy[]

Comedy in Multifamily: How Alderman Keeps Residents Laughing

The Comedy Cartel, a small corporation big on the aspirations of one funny guy, is touring multifamily properties and levying schtick in club rooms across the Southeast. Kevin Alderman remembers that first open mic night in 2007 at a tiny, smoky bar in Charlotte before a small, tough-looking crowd. He’d gone there to work up[]

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