Articles

Divorce Rate Drives Demand for Multifamily Properties

Divorce Rate Drives Demand for Multifamily Properties

Posted on 19. May, 2016 by .

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When it comes to demand for multifamily communities, there are typically two demographics that people think of: millennials and baby boomers. However, there’s a third group of individuals property managers shouldn’t forget about—divorced people. As the divorce rate is going up, this growing demographic is driving demand for multifamily housing. What does this trend mean for Property […]

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3 Hot Apartment Marketing Ideas for Summer

3 Hot Apartment Marketing Ideas for Summer

Posted on 19. May, 2016 by .

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Summer is a busy time for property managers, as May through September is a popular time to move or look for apartments. A few experts in the Apartment management industry cover three unique marketing ideas to help you fill your summer vacancies quickly this summer—from musical festivals to virtual reality—in this recent article from Software […]

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5 Steps to Decluttering Your Apartment Patios this Summer

5 Steps to Decluttering Your Apartment Patios this Summer

Posted on 17. May, 2016 by .

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Spring and Summer Bring the Clutter On my way to work one morning, I passed an apartment complex about a mile from my house. While the complex itself appeared to be neat and clean, the resident balconies were filled with clutter. Taking a quick detour through the complex, I saw more balconies than not that were […]

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Property Management Success Secrets from Successful Property Managers

Property Management Success Secrets from Successful Property Managers

Posted on 12. May, 2016 by .

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Most of my professional time is devoted to reading about and interviewing successful people. Yes, it is a fortunate “calling” and one that has taken me several decades to develop. When focusing on successful property managers I notice they all seem to share similar secrets about their success. One of those “secrets” involves a generous heart! […]

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Looking at Baby Boomers and Apartments

Looking at Baby Boomers and Apartments

Posted on 10. May, 2016 by .

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While historically it’s been tough to accurately measure the impact of the baby boomer generation on renting, Axiometrics believes there’s an “increasing trend toward renters-by-choice or “lifestyle” renters among the baby boomer population, especially in urban core and urban infill locations. A number of baby boomers choose to rent apartments in urban locations that are close […]

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Three Powerful Words That Build Lasting Relationships with Residents and Clients

Three Powerful Words That Build Lasting Relationships with Residents and Clients

Posted on 03. May, 2016 by .

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In today’s world of ever-changing strategies and depersonalizing experiments with “virtual reality” and “artificial intelligence,” property managers need relationship-building skills they can depend upon. This article is about 3 of the most reliable words for creating an environment of trust and loyalty in all aspects of the property management industry. These 3 words are essential to […]

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Latest Trend: Are There Too Many Apartments?

Latest Trend: Are There Too Many Apartments?

Posted on 29. Apr, 2016 by .

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An important trend in the apartment market is happening that multifamily property managers need to be aware of. There is concern that developers have been adding too much inventory which is flooding markets with supply. This means vacancy rates will rise and rent growth will slow. What does this mean for multifamily property managers? In cities where there is […]

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Proactive Property Managers Compete for the Best Clients and Residents

Proactive Property Managers Compete for the Best Clients and Residents

Posted on 28. Apr, 2016 by .

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Today’s residential rental housing market grows more competitive with each passing month. Vacancies fill faster than ever, and property owners expect the best management money can buy. If you’re determined to keep your best clients and residents then you’re probably at least a few steps ahead of your competition. If you’d like to attract new […]

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How Property Managers Can Appeal to Modern Renters

How Property Managers Can Appeal to Modern Renters

Posted on 27. Apr, 2016 by .

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Not only do millennials tend to demand a good customer experience, they like to make purchases that they believe would appeal to their peers. Since this group is so large, property managers who can successfully appeal to them are likely to enjoy a good amount of business. Nat Kunes, AppFolio’s VP of Product Management, provides […]

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Attract and Retain Your Best Rental Residents with Common Areas

Attract and Retain Your Best Rental Residents with Common Areas

Posted on 26. Apr, 2016 by .

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Through years of personal experience, the smartest property managers I’ve known always focus on the quality of life that their residents enjoy. Attractive, well-maintained common areas are no exception. With a little imagination and a strong desire to be outstanding, proactive property management companies are thinking outside the box when it comes to desirable spaces […]

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Building Regulations Impact Rent Prices

Building Regulations Impact Rent Prices

Posted on 19. Apr, 2016 by .

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In a recent article from Zillow, economist Sarah Mikhitarian explains how cities with stricter building codes and regulations make it difficult to construct new units. This leads to fewer apartments available to rent and an increase in rent price. One highlight: “Over the past five years, rents in cities with the most-restrictive land use regulations grew […]

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Student Housing Market Gains Strength

Student Housing Market Gains Strength

Posted on 19. Apr, 2016 by .

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According to Axiometrics, the Student Housing market is seeing strong performance heading into the summer months. Their recent research identified 45,000 new off-campus student housing beds to be delivered for fall 2016, compared to approximately 48,000 beds delivered last Fall. Rent growth is also on the rise which is good news for student housing property […]

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Grow Your Property Management Business with Expanded Buying Power and Discounts

Grow Your Property Management Business with Expanded Buying Power and Discounts

Posted on 19. Apr, 2016 by .

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Interest rates are low, lenders need more business, and credit card companies want to attract better quality customers. These are the economic conditions that open the door for growth opportunities. On Wednesday, March 17th, the Federal Reserve’s Open Market Committee led by Fed Chair Janet Yellen not only left short term interest rates alone but […]

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How to Handle Renter Complaints

How to Handle Renter Complaints

Posted on 12. Apr, 2016 by .

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As a property manager, one of the most rewarding and the most difficult parts of your job is to keep renters happy. While the majority of your tenants may never voice a single complaint, when a renter does complain it’s important to handle that complaint in a professional manner. It’s important that every complaint, even the minor […]

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Over-the-Top Tech Amenities on the Rise

Over-the-Top Tech Amenities on the Rise

Posted on 05. Apr, 2016 by .

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As one apartment complex in Long Beach proves, tech amenities are on the rise. The new building boasts tech-centric common areas, such as an indoor–outdoor rooftop dining area; pool and sun deck with USB charging ports and Wi-Fi; a fully equipped gourmet kitchen with an audio and screen system residents can control; a fitness center with […]

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Which Paradise Should You Live In?

Which Paradise Should You Live In?

Posted on 05. Apr, 2016 by .

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Do you often find yourself saying “I could live here” while vacationing in paradise? But how realistic is it? Axiometrics looks closely at a few of America’s hottest getaway spots: Austin, Tampa, Las Vegas, and Los Angeles to see which ones are actually possible, based on rent prices and job opportunities. Read more on Axiometrics.

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Prepare for an Unpredictable Spring

Prepare for an Unpredictable Spring

Posted on 31. Mar, 2016 by .

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Gusty winds. Late season snow. Wildfires. Floods. Welcome to spring in the U.S. Spring may be the most difficult season to prepare for; simply because weather conditions can change from day to day, and sometimes even hour to hour. Is your property ready for an early spring snow storm? What about gusty, potentially hazardous winds? […]

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Property Managers Weigh Housing Trends and Prepare Now for Change

Property Managers Weigh Housing Trends and Prepare Now for Change

Posted on 22. Mar, 2016 by .

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It’s been said that nothing is more certain than death and taxes. That may be so, but another certainty in life that needs to be added to that short list is “change”. No, I’m not talking about the money you get back when buying an item for $7.99 and paying with a ten dollar bill. […]

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5 Most Wanted Student Housing Amenities

5 Most Wanted Student Housing Amenities

Posted on 17. Mar, 2016 by .

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Are you a property manager of student housing? Do you know what amenities attract prospective renters most? This new article from Axiometrics highlights the top 5 amenities that draw students to your properties; walkability and outstanding wi-fi connectivity are  a couple examples. Read more on Axiometrics.

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Beat the Competition with Marketing Basics

Beat the Competition with Marketing Basics

Posted on 17. Mar, 2016 by .

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Hear how one Denver-based developer and investor went back to the basics to market their properties effectively and beat out the competition. Doug Backman highlights the importance of branding and your website to your success. Read more on MultiFamily Executive.

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6 Ways to Make Your Properties Sustainable

6 Ways to Make Your Properties Sustainable

Posted on 15. Mar, 2016 by .

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In Part I, we discussed ways in which you can build a sustainable property management model for your office. In Part II, we’ll look at ways in which you can build a sustainable model for your properties. Building efficiencies into your property is one of the easiest ways to introduce sustainability into your property operations. […]

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4 Tips for a More Sustainable Property Management Office

4 Tips for a More Sustainable Property Management Office

Posted on 08. Mar, 2016 by .

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Merriam-Webster defines the word Sustainable as “able to be used without being completely used up or destroyed; involving methods that do not completely use up or destroy natural resources; and able to last of continue for a long time.” In everyday operations, we all do things that are not sustainable. Things like rent concessions can […]

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6 Tips for Handling Property Management Transitions

6 Tips for Handling Property Management Transitions

Posted on 03. Mar, 2016 by .

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Property management companies can change ownership, and the transition period can be one of stress or success, depending on how it’s handled. In this recent article from MFE, the writer covers six ways to make the transition an easy one, so you can keep productivity and profits up. Read more on MFE.

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Property Managers – Work Smarter Not Just Harder

Property Managers – Work Smarter Not Just Harder

Posted on 01. Mar, 2016 by .

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“It’s not enough to be busy. So are the ants. The question is what are we busy about?” –Henry David Thoreau Each of us accomplishes our work one day at a time. We work hard, yet it’s easy to forget that we have untapped intelligence and ingenuity to achieve a better life for ourselves and our […]

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