Articles

Top Benefits of Being a Renter

Top Benefits of Being a Renter

Posted on 16. Apr, 2015 by .

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There’s a multitude of reasons why people prefer the title of renter over homeowner. Being a renter gives you a certain amount of freedom that can be limited with homeownership.  Rent.com recently shared a post listing 15 benefits of being a renter, their list includes: Amenities Low utility bills Location options And more… For the full list of reasons, click […]

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Property Management of Section 8 and Housing Choice Voucher Programs

Property Management of Section 8 and Housing Choice Voucher Programs

Posted on 13. Apr, 2015 by .

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If you’re looking for residents who have incentives to pay their rent on time each month look no further. Those who qualify for federally sponsored housing assistance programs backed by the only organization that can legally print money…the federal government…awaits you! The oldest program has been around nearly 80 years! Section 8 of the Housing […]

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First Quarter Results: Top 10 Lowest Vacancy Metros

First Quarter Results: Top 10 Lowest Vacancy Metros

Posted on 09. Apr, 2015 by .

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First quarter results are in and it looks like the west coast is leading the way with the lowest vacancy rates. Multifamily Executive recently posted Reis’s list of markets with the lowest vacancy rate for 1Q. Click below to see how your metro ranked. Click here to see the list

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Spring Cleaning for Property Managers

Spring Cleaning for Property Managers

Posted on 07. Apr, 2015 by .

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After a brutal winter in many parts of the U.S., spring has finally arrived, with a hint of green quickly replacing the brown that we’ve looked at for the past several months. While we can all appreciate the warmer weather, those long months of rain and snow can take its toll on even the most […]

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Is Your Property Safe for Children?

Is Your Property Safe for Children?

Posted on 02. Apr, 2015 by .

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With warm weather finally here, the number of children playing outside will increase dramatically in the coming weeks. This can cause a number of issues in apartment communities – ranging from noise complaints from residents, as well as an increased incident of accidents; everything from the usual cuts and scrapes to more serious issues that […]

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Power-Up Your Property Management Skills

Power-Up Your Property Management Skills

Posted on 31. Mar, 2015 by .

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“Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius…and a lot of courage to move in the opposite direction.” – E.F. Schumacher This is the time of year that all states except Arizona “spring forward” into Daylight Savings Time. It’s an auspicious time to sharpen your business […]

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Property Managers Flourish as Housing Supply Sinks

Property Managers Flourish as Housing Supply Sinks

Posted on 24. Mar, 2015 by .

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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 […]

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Urban Migration

Urban Migration

Posted on 19. Mar, 2015 by .

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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. […]

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Are You Ready for an Audit?

Are You Ready for an Audit?

Posted on 17. Mar, 2015 by .

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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 […]

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Give Distressed Property Owners a Government-Backed Solution

Give Distressed Property Owners a Government-Backed Solution

Posted on 12. Mar, 2015 by .

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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 […]

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Rents Continue to Escalate

Rents Continue to Escalate

Posted on 10. Mar, 2015 by .

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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

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Tools for Success

Tools for Success

Posted on 05. Mar, 2015 by .

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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 […]

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Property Managers Can Grow By Acquiring Their Competition

Property Managers Can Grow By Acquiring Their Competition

Posted on 03. Mar, 2015 by .

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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 […]

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Rental Households Are On The Rise

Rental Households Are On The Rise

Posted on 26. Feb, 2015 by .

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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 […]

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Prudent Property Managers Prepare for Flood of New Renters

Prudent Property Managers Prepare for Flood of New Renters

Posted on 24. Feb, 2015 by .

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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 […]

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New Tech Amenities Coming Soon!

New Tech Amenities Coming Soon!

Posted on 19. Feb, 2015 by .

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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 […]

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The Dreaded Task

The Dreaded Task

Posted on 17. Feb, 2015 by .

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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 […]

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Work an Extra Hour on Weekends to Become Your Personal Best

Work an Extra Hour on Weekends to Become Your Personal Best

Posted on 10. Feb, 2015 by .

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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 […]

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Why Millennials Choose to Rent

Why Millennials Choose to Rent

Posted on 05. Feb, 2015 by .

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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 […]

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Should  you write a blog?

Should you write a blog?

Posted on 03. Feb, 2015 by .

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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 […]

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Today’s Renters Care About Amenities

Today’s Renters Care About Amenities

Posted on 29. Jan, 2015 by .

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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

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More Inexpensive Ways Property Managers Attract Good Residents

More Inexpensive Ways Property Managers Attract Good Residents

Posted on 27. Jan, 2015 by .

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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 […]

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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 .

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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 […]

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Family Oriented Amenities

Family Oriented Amenities

Posted on 20. Jan, 2015 by .

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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 […]

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