Articles

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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The Market That is Here to Stay

The Market That is Here to Stay

Posted on 07. Jul, 2014 by .

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This week The Wall Street Journal released an article sharing the strength of the multifamily market. Two separate purchases lead many investors to believe that this is a sign of constant and long lasting growth for the multifamily market. Check out the full article here to learn more.

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Responding to Maintenance Emergencies

Responding to Maintenance Emergencies

Posted on 01. Jul, 2014 by .

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Years ago, while living in Las Vegas, a summer thunderstorm wreaked havoc on my apartment.  Lightning eventually struck the roof of my loft, creating a fairly significant hole in the roof.  Since it was late, I placed a bucket under the hole to catch the still-falling rain and called the management office to report the […]

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Latest Stats on Housing Prices Across the U.S.

Latest Stats on Housing Prices Across the U.S.

Posted on 30. Jun, 2014 by .

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Many people across the U.S. compare home prices from city to city. One way in particular to do this is to compare home prices with income in each city. NPR posted an article recently discussing the effects geography and zoning have on housing prices. See the full article fron NPR here.  

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Apartment Rent Growth Hits Post Recession Peak

Apartment Rent Growth Hits Post Recession Peak

Posted on 24. Jun, 2014 by .

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A recent data release from Axiometrics reveals some promising numbers for apartment occupancy rates. As of May, national apartment occupancy had reached 95%, Axiometrics said Thursday. Read the full article from GlobeSt.com

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Knowing the Limits on Collection Practices for Property Managers

Knowing the Limits on Collection Practices for Property Managers

Posted on 20. Jun, 2014 by .

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One of the challenges in the management of rental properties involves collecting from residents behind on rent payment. Knowing the laws which govern the methods used for collection is a vital first step. We can debate how far we’d push the envelope to make sure the rent is collected, but the key to avoiding legal […]

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Being a “Remarkable” Property Manager

Being a “Remarkable” Property Manager

Posted on 19. Jun, 2014 by .

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Whether you’re following your passion or just trying to be successful at what you do for a living, it always counts to be in that esteemed group we call “outstanding”. There is more research surfacing that gives practical guidance on the characteristics of those who flourish and those who flounder. It’s not just motivation that […]

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Making Rent Collection Easier

Making Rent Collection Easier

Posted on 17. Jun, 2014 by .

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As important as it is for property managers to ensure that rent is received on a timely basis; rental collection is not just important to property managers. Surveys have shown that residents also want an easier way to pay rent. While many smaller management companies have continued to accept checks, many have done away with […]

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Property Managers Share Secrets for Filling Vacancies

Property Managers Share Secrets for Filling Vacancies

Posted on 13. Jun, 2014 by .

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The responses to my last article on filling vacancies fielded excellent suggestions from property managers. This kind of feedback offers ideas that are working now! Of course the ideas I shared in my series “50 Ways to Fill Your Vacancies” work well in today’s market. Yet those from our readers are personal favorites, innovative and […]

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What Today’s Renters Want

What Today’s Renters Want

Posted on 10. Jun, 2014 by .

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In older generations, renting an apartment was typically viewed as a temporary measure; with the ultimate goal being home ownership. A lot has changed since then.  The epic housing melt-down has driven more renters into the market.  And many young professionals are seeing apartments as a reflection of their tastes and personality, not as a […]

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Keeping A Handle On Clutter

Keeping A Handle On Clutter

Posted on 05. Jun, 2014 by .

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We all know that in the property management arena, managers typically have one chance to make a good first impression on prospective residents. So the last thing managers want is a cluttered mess to be the first thing that applicants see. We all become immune to our surroundings, seeing only what we want to see. […]

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3 Ways to Help Your Residents Pay on Time

3 Ways to Help Your Residents Pay on Time

Posted on 03. Jun, 2014 by .

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Other than filling vacancies, there are few topics more important for Property Managers than how to make sure your residents pay their rent on time and securely. From a behavioral vantage point, there are several effective ways to empower residents to pay their rent or lease payment on time, month after month. Here are three […]

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To Rent Or To Buy? That Is The Question

To Rent Or To Buy? That Is The Question

Posted on 29. May, 2014 by .

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The decision on whether to rent or buy, can be one of the most important financial decision you make. The New York Times recently released a comprehensive Rent vs Buy calculator that can help you make an educated decision. Read the full article here.      

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Effective Risk Management for Property Managers

Effective Risk Management for Property Managers

Posted on 27. May, 2014 by .

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The term risk management can mean different things to different people. But in short, effective risk management is concerned with both the financial and human consequences of unforeseen events. To effectively manage their properties, managers should make a concerted effort to become better educated in risk management; starting with identifying possible risks at each property, […]

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Mortgage Rates Falling as U.S. Consumer Sentiment Drops and Housing Starts Rise

Mortgage Rates Falling as U.S. Consumer Sentiment Drops and Housing Starts Rise

Posted on 20. May, 2014 by .

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On Friday May 16 the economic numbers turned Goldilocks-style “not to cold and not too hot”, and property managers need to be on top of these developments. First of all, the interest rate on the benchmark 10-year U.S. Treasury bond dropped to 2.5% from 2.7% in just one week’s time. That’s a 7.4% plunge, and […]

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Latest Home Building and Housing Affordability Numbers Look Good for Rentals

Posted on 13. May, 2014 by .

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The most recent housing market index is beginning to show some cracks in the mortar. Confidence in the home building sector has deteriorated lately, according to the results of an industry survey released on Tuesday Feb. 18th. The National Association of Home Builders (NAHB) said its housing market index (HMI) slipped to 46 in February […]

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