Articles

Where Can Recent Grads Afford Rent?

Where Can Recent Grads Afford Rent?

Posted on 21. May, 2015 by .

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Graduation season is on the horizon and with that comes a flood of college graduates on the prowl for a job and place to live. The experts at Trulia “set out to help new grads find areas where they can afford to rent and still have some money left over to pay back their student loans.” Their findings […]

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Is your Office as Green as it could be?

Is your Office as Green as it could be?

Posted on 19. May, 2015 by .

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While many property managers have consciously made changes in their daily habits to save energy and reduce their carbon footprint, are you doing as much as you can to make your office a little greener? If you feel like you’d like to make a greater environmental impact, here are some suggestions to try in your […]

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Millennials are on the Move

Millennials are on the Move

Posted on 14. May, 2015 by .

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Generation Y is known for a great deal of things – tech-savvy, environmentally conscious, self-expression – that make them a unique bunch. A recent survey held by Rent.com revealed one more thing that this generation is know for: “They’re a generation of movers.” Click below to read more about the reasons behind this latest discovery. Click here […]

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Property Management Turning Challenges into Opportunities

Property Management Turning Challenges into Opportunities

Posted on 12. May, 2015 by .

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As the property management business continues to evolve in this ever-changing world there will always be challenges. “Challenges” are what successful managers call problems and crises. Inherent in every challenge is a solution. Hidden in the emotional mire of a crisis are a number of easily overlooked opportunities. Are you adroit at turning these “lemons” […]

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Need Help Improving Energy Efficiency?

Need Help Improving Energy Efficiency?

Posted on 07. May, 2015 by .

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Improving energy efficiency can save property managers a ton, but deploying a solution can be a costly. As a result of this “upfront investment of traditional sub-metering” many property owners put off executing a plan. That was the motivation behind the creation of the Power Patch. Multifamily Executive recently shared a post detailing how the power patch […]

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Property Managers Need to Save for Retirement

Property Managers Need to Save for Retirement

Posted on 05. May, 2015 by .

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Congratulations, you have a secure job where the need for what you do keeps on growing. If you love your work as well you’re especially fortunate. Many people aren’t so lucky. The U.S. Department of Labor on April 30 that initial jobless claims for the week ending April 25 fell by 34,000 to 262,000, below […]

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Reaching and Communicating with the Next Generation of Renters

Reaching and Communicating with the Next Generation of Renters

Posted on 30. Apr, 2015 by .

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While print advertising remains a popular and effective way of marketing to potential renters, those hoping to reach the next generation of renters will need to make sure that their online communication skills are up to par. With more renters using mobile communication devices to look for apartments, having an active online presence is a […]

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Why Residents Still Use Checkbooks

Why Residents Still Use Checkbooks

Posted on 28. Apr, 2015 by .

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Paying rent via check is withstanding the test of time, a problematic trend for property managers who want to transition to electronic payments. The rental market covers a large demographic of economic classes that includes “the very rich, the very poor, and everything in between.” Some renters have bank accounts, and some don’t, which makes it […]

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The Many Benefits of a Nationwide Property Management Association

The Many Benefits of a Nationwide Property Management Association

Posted on 21. Apr, 2015 by .

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Vacancies are filling faster than ever. Rents are slowly rising in many areas of the country. Property managers are busier because many former home owners are choosing to be renters. So why would property managers consider joining an association of their peers? Is it really worth the effort, money and time? According to The National […]

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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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