Articles

More Inexpensive Ways Property Managers Attract Good Residents

More Inexpensive Ways Property Managers Attract Good Residents

Posted on 27. Jan, 2015 by .

0

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 […]

Continue Reading

Property Managers Find Small Cities a Gold Mine of Renters

Property Managers Find Small Cities a Gold Mine of Renters

Posted on 22. Jan, 2015 by .

0

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 […]

Continue Reading

Family Oriented Amenities

Family Oriented Amenities

Posted on 20. Jan, 2015 by .

0

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 […]

Continue Reading

Top Pet Friendly Metros

Top Pet Friendly Metros

Posted on 15. Jan, 2015 by .

0

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 […]

Continue Reading

Resident Retention

Resident Retention

Posted on 13. Jan, 2015 by .

0

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

Continue Reading

Property Managers Face Housing Slowdown as 2015 Begins

Property Managers Face Housing Slowdown as 2015 Begins

Posted on 08. Jan, 2015 by .

0

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 […]

Continue Reading

Make 2015 the Best Year Ever – Part II

Make 2015 the Best Year Ever – Part II

Posted on 06. Jan, 2015 by .

0

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 […]

Continue Reading

Make 2015 the Best Year Ever – Part I

Make 2015 the Best Year Ever – Part I

Posted on 01. Jan, 2015 by .

0

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 […]

Continue Reading

Effects of the Rental Home Shortage

Effects of the Rental Home Shortage

Posted on 30. Dec, 2014 by .

0

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 […]

Continue Reading

Student Housing: 5 Suggestions for Winter Break Safety

Student Housing: 5 Suggestions for Winter Break Safety

Posted on 23. Dec, 2014 by .

0

Preceding winter break, students are usually preoccupied with studying for finals and making plans with friends and family, leaving little room for apartment safety precautions. To help with apartment safety, MultiFamily Executive shared this piece with helpful suggestions on what to include on your winter break to-do list to “ensure safe, secure, and well maintained student housing […]

Continue Reading

Property Management’s Golden Rules

Property Management’s Golden Rules

Posted on 18. Dec, 2014 by .

2

The term “golden rules” is actually an introduction to the most important rules property managers must adhere to. This article should be considered a primer which you can build upon. As my readers know I want property managers to be “remarkable”. One big way to achieve this is to know so much about your responsibilities that […]

Continue Reading

Simple Ways to Fill Vacancies Quickly, Carefully, Intelligently

Simple Ways to Fill Vacancies Quickly, Carefully, Intelligently

Posted on 16. Dec, 2014 by .

0

Vacancies can come up at the most unexpected times. The end of a year, even though it’s a holiday season, is no exception. Neither are the early months of winter when fewer moves occur. That’s why property managers need multiple ways to attract new residents that work all year round. It’s also effective to have […]

Continue Reading

What Do Rentals and Vacancies Look Like in 2015?

What Do Rentals and Vacancies Look Like in 2015?

Posted on 11. Dec, 2014 by .

0

Are you prepared for the upcoming year? Recent studies suggest that multifamily demand will remain high in 2015, despite “high demand, some markets reflect a possible concern of oversupply, with vacancy rates forecast to reach upwards of 7 percent.” Multifamily Executive recently posted an article that shows what to expect in the rental market. Click here for […]

Continue Reading

Make 2015 Your Best Year Yet!

Make 2015 Your Best Year Yet!

Posted on 09. Dec, 2014 by .

0

As 2014 draws to a close, there’s no better time to begin to assess the year.  If there’s nothing you would change for 2015, you can probably stop reading now.  But for most of us, there’s always something that we can do better, faster, more efficiently, and more profitably.  One of the best ways to […]

Continue Reading

Have a Stress-free, Rewarding Holiday Season

Have a Stress-free, Rewarding Holiday Season

Posted on 04. Dec, 2014 by .

0

While the holiday season conjures up visions of family gatherings, robust meals and brightly wrapped presents, the reality can often be very different.  Today, it’s rare to find anyone who doesn’t experience at least some stress while coping with the holiday season.  From your employees, your residents, and even your own family and friends, instead […]

Continue Reading

10 Tips for Property Winterization

10 Tips for Property Winterization

Posted on 02. Dec, 2014 by .

0

Have you winterized your property? Last year’s winter season came as a shock to many proving that “even the typically warmer climes aren’t immune to snow and ice.” To help you prepare for the winter months, Multifamily Executive recently posted an article offering tips for property winterization. Click here for the full article

Continue Reading

Housing Data Confirms Contradictions, Favors Rentals

Housing Data Confirms Contradictions, Favors Rentals

Posted on 27. Nov, 2014 by .

0

As property managers we want to keep up on the trends in our local economies. “The trend is our friend” is a mantra that enlivens our professional awareness. The final quarter of 2014 has uncovered some important national trends as well. Building permits, an important signal of future construction, increased by 4.8% in October to […]

Continue Reading

An Opportune Time of Year for Property Managers to Shine

An Opportune Time of Year for Property Managers to Shine

Posted on 25. Nov, 2014 by .

0

Like the words of a well known seasonal song, “It’s the most wonderful time of the year”.  From Thanksgiving through New Year’s Day most people are in celebration mode. Strangely it’s also one of the most stressful times of the year. The holiday pressures of family reunions, buying gifts, planning get-togethers, or being alone while […]

Continue Reading

Keeping Your Properties Safe during the Holidays

Keeping Your Properties Safe during the Holidays

Posted on 20. Nov, 2014 by .

2

The holiday season is rapidly approaching.  Along with family get-togethers, decorations, and presents, the holiday season poses a unique set of risks for property managers, including everything from apartment fires to a higher risk of property theft. While it will never be possible to prevent all adverse events, there are many precautions both you and […]

Continue Reading

Top 5 Amenities for Student Housing

Top 5 Amenities for Student Housing

Posted on 18. Nov, 2014 by .

0

A few years ago, staying ahead of the student housing game meant providing in-unit amenities – granite countertops and gourmet kitchen appliances – but in recent years, there has been a shift. Students now prefer “robust communal areas” that support their mobile lifestyles. MultiFamily Executive recently posted an article discussing the top tech-based amenities and resident expectations.  Click […]

Continue Reading

Marketing to Millennials

Marketing to Millennials

Posted on 13. Nov, 2014 by .

0

Are you privy to the art of marketing to Millennials? A recent article from MultiFamily Executive says that “The key to attracting students and young professionals as renters is to do so on their terms.” Pairing trends with the right content and tone are crucial to the success of marketing to Generation Y. Read the […]

Continue Reading

First Time Home Buyers are not Buying

First Time Home Buyers are not Buying

Posted on 11. Nov, 2014 by .

0

If it’s such a great time to buy a house why are young Americans opting to rent rather than a buy a house? Is it because of low inventory in their price range, tight credit, difficulty qualifying, or all of the above? First-time home buyers aren’t clueless. They’ve done the math on how much house […]

Continue Reading

Learn New Tactics From The Hospitality Industry

Learn New Tactics From The Hospitality Industry

Posted on 06. Nov, 2014 by .

0

Multi Family Executive recently shared an article discussing the commonalities between the hospitality and apartment industries and how Property owners and managers can gain knowledge from hospitality tactics. Looking outside of  the multifamily industry can offer fresh perspectives on how to approach different aspects of your business. Read the full article here  

Continue Reading

Looking at the Big Picture

Looking at the Big Picture

Posted on 04. Nov, 2014 by .

0

Are you so bogged down in the details of your day to day management duties to take some time and look at the bigger picture?  With the pressure to fill empty units, keep the property profitable, and make hundreds of people with very different personalities happy, property managers can sometimes forget to spend some time […]

Continue Reading