Articles

Do Green Property Managers Attract More Considerate Residents?

Do Green Property Managers Attract More Considerate Residents?

Posted on 16. Oct, 2014 by .

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Just because it may not be as “cool” today to take your property management business in a “green” direction doesn’t mean it’s not rewarding. Besides the personal satisfaction there are advantages. As part of its Healthy Homes Program, the federal government’s Department of Housing and Urban Development (HUD) launched in 1999 its Healthy Homes Initiative […]

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Renters May Temporarily Turn into Buyers as Incentives Arise

Renters May Temporarily Turn into Buyers as Incentives Arise

Posted on 09. Oct, 2014 by .

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It may feel like 2006 all over again when it comes to the housing market.  Gimmicks and giveaways are creeping into the market because homes aren’t selling like builders had hoped. Back in 2006, just before the crash of 2008, no-document mortgages greased the way to the top of that housing bubble. Today it’s freebies […]

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Why You Can’t Afford to Skip Video Tours (Webinar Recap)

Why You Can’t Afford to Skip Video Tours (Webinar Recap)

Posted on 09. Oct, 2014 by .

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We hosted a fun and informative session with Todd Breen on the power of video tours this week. He covered best practices for creating engaging video tours for your listings. He also covered many of the benefits video tours can offer property managers, including: Cutting vacancy time and showings in half! Increasing engagement and time […]

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Residential Housing for Renters Expands as Property Managers Wonder

Residential Housing for Renters Expands as Property Managers Wonder

Posted on 07. Oct, 2014 by .

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The number of multi-family rental housing complexes being built around the nation keeps on growing month after month. The implications for the property management business are somewhat ambiguous. No doubt there’s been a steady decline in the number of homeowners since the financial crisis of 2008. This has translated to a substantial increase of renters […]

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Four Low Cost Ways to Improve the Properties You Manage

Four Low Cost Ways to Improve the Properties You Manage

Posted on 01. Oct, 2014 by .

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Residents are on the prowl again looking for the most attractive rental units for their money. At the same time there is a growing group of former homeowners who are back in the rental market. The monthly rent these groups are willing to pay will partially depend on the condition of the rental properties. If […]

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Creating a Sense of Community with Your Residents

Creating a Sense of Community with Your Residents

Posted on 25. Sep, 2014 by .

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Property managers often refer to their properties as communities, and rightfully so. But have you ever thought about strengthening that community?One of the things that apartment dwellers typically cite about living in an apartment is a sense of isolation. Often, renters are new to the area, or even the state, and would like to meet […]

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Four More Ways to Quickly Fill Your Vacancies

Four More Ways to Quickly Fill Your Vacancies

Posted on 19. Sep, 2014 by .

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Marketing tools to turn vacancies into occupancies are worth a fortune. Like the technologies offered by Appfolio, there are many common sense methods to focus on your area’s target market. Each one of the following suggestions is not only intended to help you zoom in on new ways to attract a stream of potential tenants. […]

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How Do You Compete With The New Apartment Communities?

How Do You Compete With The New Apartment Communities?

Posted on 09. Sep, 2014 by .

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The Wall Street Journal recently noted that the share of new homes being built as rental apartments is at its highest level in four decades.  While it certainly helps the economy, an increase in apartment homes can strike fear in the hearts of many property managers.  After all, these newer units will likely boast state […]

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Refreshing Suggestions from a Seasoned Property Manager

Refreshing Suggestions from a Seasoned Property Manager

Posted on 03. Sep, 2014 by .

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As the summer season slides to a close it’s good to remember that our work should be enjoyable. If our demanding profession begins to wear us down it’s probably time to do something about it. Recently I touched basis with a colleague who’s been in the property management business for over 40 years. I won’t […]

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Property Managers Put Clients on “Bubble Alert” for Fiscal Planning

Property Managers Put Clients on “Bubble Alert” for Fiscal Planning

Posted on 28. Aug, 2014 by .

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The U.S. economy has come a long way from the frightening fiscal collapse that happened at the end of the Bush administration in 2008. The Obama administration inherited the worst economic crisis since the Great Depression. The Federal Reserve has been managing America’s monetary policies since 1913. Once former Fed Chairman Ben Bernanke saw the […]

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Help Your Process Server to Save Time in Your Eviction

Help Your Process Server to Save Time in Your Eviction

Posted on 26. Aug, 2014 by .

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One of the longest delays in processing evictions occurs when not all occupants are served personally (hand to hand) with the unlawful detainer summons and complaint.  More often than not, the occupants know they must be legally served in order for the court to award a judgment for possession of the subject property.  If they […]

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Property Managers Can Offer Clients a Piece of Crowd-funding Action

Property Managers Can Offer Clients a Piece of Crowd-funding Action

Posted on 19. Aug, 2014 by .

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Don’t let the lazy, crazy, hazy days of summer lull your property management business to sleep. Wake it up with timely communiqués that you send to your clients and potential clients. For example, why not ignite their imaginations with information about equity-based crowd-funding that specializes in real estate investment opportunities. I recently interviewed the co-founder […]

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The Joys of Technology Integration – Part II

The Joys of Technology Integration – Part II

Posted on 05. Aug, 2014 by .

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I understand that most of us are averse to change.  Just the thought of changing a familiar product can make the most competent people break out into a cold sweat; even if that familiar product has resulted in more work and increased mistakes. Let’s take a quick look at some of the repercussions of Jill’s […]

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The Joys of Technology Integration – Part I

The Joys of Technology Integration – Part I

Posted on 31. Jul, 2014 by .

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Once upon a time there was a woman we’ll call Jill.  Jill worked in a fairly large property management company that handled both commercial and residential property management, so Jill was kept busy. When Jill became a property manager, she was trained on the company’s property management software.  The software was adequate, but didn’t perform […]

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Zillow To Acquire Competitor, Trulia

Zillow To Acquire Competitor, Trulia

Posted on 29. Jul, 2014 by .

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Big news this week from Zillow and Trulia! Zillow will be acquiring Trulia to become the largest online real estate advertising company. Zillow and Trulia have, “virtually identical business models,” which makes the merge between the two companies make sense. In this article, Bloomberg dives even deeper into the $3.5 Billion deal. Read the full […]

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Reasons Why Occupancy is Growing

Reasons Why Occupancy is Growing

Posted on 25. Jul, 2014 by .

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In a recent article, Multifamily Executive tells readers the 5 reasons why occupancy is growing stronger in the United States. One reason that has been a constant trend is that many people are scared of owning their own homes due to the foreclosure crisis in 2000 and again in 2008. Click below to read the […]

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Young Renters Forego Space For Location

Young Renters Forego Space For Location

Posted on 22. Jul, 2014 by .

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Many young renters across the United States have decided to forego larger apartments for a better location or amenities. “They’re sacrificing living space for a prime urban location and extras such as cooking classes, dog-wash stations and poolside Wi-Fi.” Bloomberg recently posted an article exploring and discussing what young professionals are looking for when deciding […]

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Fed Chair Says a Mouthful to Property Owners and Managers

Fed Chair Says a Mouthful to Property Owners and Managers

Posted on 17. Jul, 2014 by .

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On Tuesday July 15 Fed Chair Janet Yellen said more than Congress and most managers were anticipating. Her carefully prepared comments are a big insight into how those who control America’s monetary policies are thinking. According to a report by USA Today Federal Reserve Chair Janet Yellen told Congress the economy is improving but still […]

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How Property Managers Can Increase Their Earnings in Today’s Economy

How Property Managers Can Increase Their Earnings in Today’s Economy

Posted on 15. Jul, 2014 by .

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Property managers work hard for their money. Everybody talks about increases in the cost-of-living and rents rising, but how about the people who make rentals available? Yes, I’m referring to your clients the owners, and you, the liaisons between the residents and the “landlords”.  When’s the last time your clients called and said, “You deserve […]

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Housing Slump Sees Surge

Housing Slump Sees Surge

Posted on 14. Jul, 2014 by .

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Although the housing market has been in a slump during recent years, a recent surge shows that the real estate market is starting to fight back. The gain in the month of May is the fastest we have seen since 2011. The article posted by NBC News tells us exactly how the market has seen […]

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How To Please Baby Boomers and Millennial Renters

How To Please Baby Boomers and Millennial Renters

Posted on 11. Jul, 2014 by .

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Baby Boomers and Millennials make up the two of the largest groups of renters in the United States. Trying to satisfy both groups at the same time offers owners and managers many options. Baby Boomers tend to be long term renters, while Millennials are more likely to move around, so trying to satisfy both comes […]

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Put it in Writing

Put it in Writing

Posted on 10. Jul, 2014 by .

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Often, when renting an apartment, tenants are overwhelmed by the amount of information they are given, from the initial apartment viewing, to filling out the application, to getting approved, to finally, moving in.  While it’s important to let all prospective residents know and understand the rules they must abide by when moving into their new […]

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10 Metros With Highest Rent Growth

10 Metros With Highest Rent Growth

Posted on 08. Jul, 2014 by .

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In the month of May, rent across the country increased. For example, in Texas, there was a direct correlation between higher rent to growth in the gas and oil industry. In this article posted by Multifamily Executive the top 10 Metro cities with the highest growth were released. See the full article here.

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Get Yelp for Your Property Management Business

Get Yelp for Your Property Management Business

Posted on 08. Jul, 2014 by .

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Too many property managers aren’t aware of the free tools offered by a familiar online company. You’ve heard of Yelp, but did you know that 132 million people use it monthly for buying decisions? The most recent data suggests there are over 57 million reviews on Yelp. More importantly 82% of Yelp users go there […]

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