Posted on 24. Mar, 2015 by Marc Courtenay.
Conditions keep improving for the property management business across the U.S. That’s partly due to the slumping supply of houses for sale which has been waning since the final quarter of 2014. The reasons for the sparse number of homes for sale vary according to regions. Most areas are benefitting from lower mortgage rates allowing […]
Posted on 19. Mar, 2015 by Vanessa Naranjo.
Millennials are heading downtown at a rapid pace. With short commutes ranking high on the priority list, millennials are relocating to large metros in an effort to be closer to work and school. A recent post by MultiFamily Executive sheds light on the urban migration trend, which also identified the top five popular, and least popular cities. […]
Posted on 17. Mar, 2015 by Mary Girsch-Bock.
Isn’t it amazing how a simple five-letter word can create such panic and anxiety in so many of us. While tales of audit disaster are found everywhere, most audits are simple and straightforward, involving little drama and a lot of paperwork. Of course, even with these reassurances, being audited, whether it’s by the IRS, the […]
Posted on 12. Mar, 2015 by Marc Courtenay.
Opportunity is often disguised in distressful situations. Property managers know that all too well. Many have shared with me how they turned “lemons” into “lemonade” by their careful vigilance. Recently The Federal Housing Finance Agency (FHFA) announced new requirements for sales of non-performing loans (NPLs) by Freddie Mac and Fannie Mae (the Enterprises). This involves […]
Posted on 10. Mar, 2015 by Vanessa Naranjo.
San Francisco continues to lead the country in highest rent, but that’s not the only city that’s climbing. Yahoo shared a post discussing the significant rise in rents, which also identified the top 10 cities with the highest rents. Click below to read more about the top expensive metros. Read the full article here
Posted on 05. Mar, 2015 by Mary Girsch-Bock.
When I think about tools, images of hammers, screwdrivers, and drills pop into my head. I certainly don’t think about computers, software, continuing education, or a pizza party. But just as a carpenter needs a hammer to do his job well, property management employees need the proper tools to do their job well. Remember, you […]
Posted on 03. Mar, 2015 by Marc Courtenay.
Often in my articles I’ll comment on smart ways for property management companies to grow their existing businesses. Organic growth is the primary approach but not the only one. Another hot topic for property managers is how to stay one step ahead of the competition. With the assistance of the latest technologies you can save […]
Posted on 26. Feb, 2015 by Vanessa Naranjo.
Recent reports indicate a stark rise in rental households as compared to homeownership. Why? The renter demographic currently consists of millennials that are delaying homeownership due to affordability issues, or who are even reconsidering homeownership altogether. Axiometrics recently posted an article that details the rise in apartment living and explains why so many are opting […]
Posted on 24. Feb, 2015 by Marc Courtenay.
There’s an explosion of new renters in all major cities in the U.S. Yes, even in lower-density, relatively inexpensive cities like Dallas and Houston, a significant shift in the proportion of renters is unfolding. It appears the big rise in the number of renters is a delayed result of the housing bust which followed the […]
Posted on 19. Feb, 2015 by Vanessa Naranjo.
Millennials are hitting the rental market at a record breaking force, are you ready? Understanding what new renters seek while simultaineously maintaining current residents’ interest is necessary in order to gain a competitive edge. Trulia Pro Blog recently posted an article discussing 3 hot tech amenities that are sure to be a hit with prospects and residents […]
Posted on 17. Feb, 2015 by Mary Girsch-Bock.
Of all of the tasks required of a property manager, what is the one task that most property managers dread? If you said evictions, you’re correct. While careful applicant screenings can help in reducing the number of evictions necessary, every property manager will eventually find themselves in a position to evict a resident. But are […]
Posted on 10. Feb, 2015 by Marc Courtenay.
Do you want to make a mighty, personal breakthrough in the year ahead? Are you willing to invest a little extra time for the opportunity to be your personal best? My colleague Craig Ballantyne who publishes Early to Rise recently knocked the ball out of the park with an article that targets one of the […]
Posted on 05. Feb, 2015 by Vanessa Naranjo.
A high percentage of millennials are opting to rent than buy a home, a costly decision that equals bad news for the real estate industry. In a recent Market Watch post, it was revealed that “Nearly six in 10 millennials (59%) say they’d rather rent a home than buy one, with just one in four saying they […]
Posted on 03. Feb, 2015 by Mary Girsch-Bock.
If you’re looking for an inexpensive way to build awareness about your property management company while also building relationships with both potential and current residents, you may want to consider starting a blog. While you may have some initial reservations, it’s really quite easy to start, and you can always convince co-workers to contribute as […]
Posted on 29. Jan, 2015 by Vanessa Naranjo.
Today’s renters care more about amenities than unit size. In this article from GlobeSt.com a panel of experts weigh in on target demographics, offering different perspectives on meeting their residents’ needs. Click below to read more about the shift in apartment renters and its affects on the rental industry. Read the full article here
Posted on 27. Jan, 2015 by Marc Courtenay.
In the world of investing there’s an old adage: “Money goes where it’s treated best”. The same could be said for the best residents. As the world of rental properties become more competitive a new adage is “Good residents move to where they are treated best”. A “good resident” is one that has an outstanding […]
Posted on 22. Jan, 2015 by Marc Courtenay.
Large metropolitan areas aren’t the only places where rental activity increased in 2014. In fact rents went up more as a percentage in smaller cities than in the large metropolitan areas. In 2014 the cost to rent an apartment moved higher for the fifth consecutive year. Much stronger demand coupled with dwindling supply meant vacancies […]
Posted on 20. Jan, 2015 by Vanessa Naranjo.
While schools and neighborhoods can help attract families, having family oriented amenities can also be a deciding factor. “Developers are going after families, not just singles” by including playrooms with games and activities for children of all ages. Epoch Times posted an article discussing the amenity trend that’s taken New York by storm. Click here for the […]
Posted on 15. Jan, 2015 by Vanessa Naranjo.
Finding a pet friendly building can be a challenge when searching for a new home. HotPads shed some insight on pet-friendly metro areas in a recent post, their stats include: Most expensive zip codes Pet premiums An interactive map showing the highest percentage of pet-friendly rental listings And more… Click below to find out what metro areas […]
Posted on 13. Jan, 2015 by Vanessa Naranjo.
What’s your retention strategy? With new units sprouting and rent constantly increasing, retaining residents poses a new challenge. In this MultiFalimly Executive post, some top operators discuss their retention strategies. Click here to view
Posted on 08. Jan, 2015 by Marc Courtenay.
The year 2014 ended with the U.S. housing market appearing on the verge of a downturn. Sales of new homes in November slipped almost 2% from the previous year according to the Commerce Department. Existing homes sales for November also were down 6.1%. A more disturbing trend came from a survey of U.S. home builders […]
Posted on 06. Jan, 2015 by Mary Girsch-Bock.
Are you ready to begin? There’s something about a new year that provides many of us with the impetus to change. For many of us, becoming more organized is a big part of that change. Yes, you can continue to rifle through that two-foot tall stack of papers resting on your desk, or you can […]
Posted on 01. Jan, 2015 by Mary Girsch-Bock.
It’s a brand new year. If you’re like most of us, you have a long list of New Year’s resolutions that you have vowed to keep this year. And, if you’re like most of us, becoming better organized in 2015 is somewhere on that list; after all it’s one of the Top 10 resolutions year […]
Posted on 30. Dec, 2014 by Vanessa Naranjo.
With the effects of the Great Recession on the U.S. housing market still being felt, the demand for rental-housing is higher than it has been in years. Households with healthy incomes are disillusioned by what they’ve witnessed and are holding back on buying a home . Bloomberg recently posted an article discussing the rental-housing shortage and […]