Articles

Running Criminal Background Checks on Prospective Tenants

Running Criminal Background Checks on Prospective Tenants

Posted on 04. Feb, 2016 by .

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One of the most difficult problems a property manager can face is the incidence of crime on the properties they manage. While there is no full proof system for eliminating all crime, proper screening procedures can go a long way to ensuring that those with a criminal or sex offender background are not inadvertently approved […]

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Warm up Without Wasting Electricity

Warm up Without Wasting Electricity

Posted on 27. Jan, 2016 by .

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El Nino is starting off strong and shows no signs of stopping. With the cost of electricity it is always helpful to find some tips about heating and staying warm in the winter. This article from Trulia reviews 7 ways that you can keep your apartments heated without having to use electricity–valuable tips to share […]

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Now that We’ve Moved into 2016, Let’s Review 2015

Now that We’ve Moved into 2016, Let’s Review 2015

Posted on 27. Jan, 2016 by .

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Every year there are trends to follow and take notice of. In 2015, certain markets outperformed others for a number of reasons. This Axiometrics article discusses which cities soared past the rest and why they were able to. From east coast to west coast certain cities apartment markets had three things in common.  Read more […]

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Reaching Your Potential as a Self-Actualized Property Manager

Reaching Your Potential as a Self-Actualized Property Manager

Posted on 26. Jan, 2016 by .

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“What a person can be, she must be. This need we call self-actualization.” This quote, from the father of the self-actualization movement Abraham Maslow, crystallizes why this article is important. Are you a property manager because that’s what you truly want to do as a profession? Is your work simply a job or is it your calling, […]

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6 Keys to Successful Property Management

6 Keys to Successful Property Management

Posted on 21. Jan, 2016 by .

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As a property manager, do you ever feel stuck in the mundane routine of your weekly responsibilities? Are you overwhelmed by the magnitude of the responsibilities that define your important career? If you answered yes to both or either question, don’t feel alone. Every honest property manager I’ve ever spoken with has confessed that at […]

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Top 10 Emerging Trends in Apartment Rental Process

Top 10 Emerging Trends in Apartment Rental Process

Posted on 19. Jan, 2016 by .

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A recent research report from J Turner Research, which represents 25,099 residents living in more than 500 properties nationwide, shares some interesting trends in the apartment rental process. But one thing is clear: the importance of reviews and ratings in making decisions is a major trend. Read more of the top 10 emerging trends from Multi-Housing […]

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Do You Screen Your Contractors?

Do You Screen Your Contractors?

Posted on 19. Jan, 2016 by .

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While many property management companies have a maintenance staff that is able to handle most tasks, there will likely be a time when a job will need to be outsourced to an outside contractor. While most property managers carefully screen job applicants when making hiring decisions to ward off possible issues, and carefully screen renters […]

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The Power of Mobile

The Power of Mobile

Posted on 14. Jan, 2016 by .

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Worldwide, the use of smartphone apps has significantly increased in the past year. Most people find ease in using apps to do a multitude of day-to-day activities. The amount of information accessed from desktops, and the time it takes to access, has decreased as people have made the switch to smartphones and tablets. Find out […]

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Smart Property Managers Ask the Right Questions

Smart Property Managers Ask the Right Questions

Posted on 14. Jan, 2016 by .

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The next time you attend a party or large gathering, look around at the group clusters that invariably form. Choose a couple of them to quietly walk up to and stand on the perimeter with rapt attention. What you’re likely to hear if you listen carefully is that there are three kinds of people in each group. […]

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Apartment Market Sees Record High Year-End Rent Growth

Apartment Market Sees Record High Year-End Rent Growth

Posted on 07. Jan, 2016 by .

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According to year-end stats from Axiometrics, the leader in apartment market and student housing research and analysis, 2015 ended with the highest year-end rent growth on record since 2005. Also in 2015, Portland apartments replaced Oakland as the market with the highest annual effective rent growth among Axiometrics’ top 50 markets in the third and […]

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7 Resident Retention Ideas for the New Year

7 Resident Retention Ideas for the New Year

Posted on 07. Jan, 2016 by .

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The end of one year and the beginning of a new one is a great time to consider new ideas for retaining employees and those vital folks who pay the rent every month: our valued property residents. Recently I sat down with a 40-year property management superstar (in my humble opinion) to learn her latest views […]

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Property Managers’ Money Saving Strategies for 2016

Property Managers’ Money Saving Strategies for 2016

Posted on 05. Jan, 2016 by .

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As one year ends and another begins, property managers throughout the nation are becoming more aware of strategies to cut costs and increase profits. Here are some timely tips and ideas. Revisit your most time-consuming operations to discover how technology can improve efficiencies. Speak to both your inside and outside technology field reps for helpful […]

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2016 Rental Market Trends and Predictions

2016 Rental Market Trends and Predictions

Posted on 29. Dec, 2015 by .

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The biggest trend for the rental housing market in the new year is a continued increase in demand. More Americans are choosing to rent than buy homes, namely single millennials not tied down by family to empty-nesters downsizing their longtime family homes. Investors and property management companies need to prepare for an influx of renters […]

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4 New Years Resolutions Every Property Manager Can Keep

4 New Years Resolutions Every Property Manager Can Keep

Posted on 22. Dec, 2015 by .

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With the New Year just around the corner, you’ve probably begun to think about your resolutions for the coming year. Why not resolve to tackle the issues that have proven to be your nemesis? While the list will vary widely from manager to manager, there’s likely a few things that all will agree would be of […]

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Go Paperless in 2016

Go Paperless in 2016

Posted on 18. Dec, 2015 by .

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The typical property management office is inundated with paperwork – everything from applications to leases, lease addendums, move-out paperwork, and security deposit refunds. Now, imagine your office without paper. No stacks of applications waiting to be filed. No leases or move-out paperwork stacked on a leasing agent’s desk. Kind of hard to do, isn’t it? […]

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Tips for Attracting Millennial Renters

Tips for Attracting Millennial Renters

Posted on 09. Dec, 2015 by .

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Millennials make up a huge population of renters and homebuyers in today’s market, so it makes sense to target advertising and captivate this young audience. Certain tactics can be utilized to maximize your millennial rentability. By integrating elements of social media, like hashtags, you may be one step closer to snagging the millennial renter of […]

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How to Celebrate the Holidays with Your Renters

How to Celebrate the Holidays with Your Renters

Posted on 08. Dec, 2015 by .

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During November and December, the holidays often take center stage, and the property management community is no exception. And each November and December, property managers are often faced with a dilemma – how should they celebrate the holidays at their community? While this typically is not a problem for those managing single-family homes, managers at […]

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Apartment Amenities that Come at a Cost

Apartment Amenities that Come at a Cost

Posted on 01. Dec, 2015 by .

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Lush amenities may make for the “perfect” apartment, but over time those luxurious extras may be more of a burden than a blessing. Think of it this way: if an amenity requires more time for upkeep than time spent enjoying it, is it really worth it? Take a swimming pool, for example. It gets used […]

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HOAs – 7 Insights for Property Managers

HOAs – 7 Insights for Property Managers

Posted on 01. Dec, 2015 by .

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As more single-family subdivisions are built and more apartment complexes convert to condominiums, many form Home Owner Associations (HOA). These are opportunities for good property management! Many an HOA would prefer not to deal directly with the myriad issues of coping with the needs of owners and their renter-residents. Enforcement of the Covenants, Conditions and […]

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Proper Investigation Process Is a Must

Proper Investigation Process Is a Must

Posted on 24. Nov, 2015 by .

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Property owners and managers are no strangers to filing insurance claims. However, without proper investigation, they may be held legally responsible for the incidents that they report. There are certain precautions that should be taken when filing insurance claims, specifically having a formal process for documenting and reporting the incident. Photographs, personal statements, and security […]

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5 Ways to Make Your Properties More Energy Efficient

5 Ways to Make Your Properties More Energy Efficient

Posted on 24. Nov, 2015 by .

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Improving your carbon footprint will not only help preserve natural resources, it will save you money, too. By updating old windows, preventing air leakage, and making energy-saving swaps, you will use less energy and save on your monthly bills. It also doesn’t hurt to schedule an energy audit with a HVAC company, especially if your […]

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Property Manager Potpourri of Gratitude and Good Ideas

Property Manager Potpourri of Gratitude and Good Ideas

Posted on 24. Nov, 2015 by .

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The following is my open letter to the property managers and readers of my articles. It is intended to make a meaningful, positive difference in your professional and personal lives. Dear Property Managers and Other Readers, This is the time of year that motivates me to thank you for being a part of our extended […]

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Apartment Industry Trends and Predictions

Apartment Industry Trends and Predictions

Posted on 18. Nov, 2015 by .

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In this video interview from Multifamily Executive, Andrew Kadish, President at CAPREIT, and Ray Barrows, COO at Waypoint Residential, explain current industry trends as well as predictions for the near future. Kadish suggests that despite increased competition, investors will continue to pursue the wealth to be made in real estate and multifamily apartment communities. Barrows […]

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Cities with Best Apartment Rent Values

Cities with Best Apartment Rent Values

Posted on 18. Nov, 2015 by .

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The rental market is booming; occupancy rates are high, rent-growth is steady, and there’s no sign of it stopping anytime soon. This is good news for investors, but not great for renters. There are new buildings being constructed, but elevated apartment demands, high occupancy, and raised rents are still big issues for today’s renter. Which […]

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