Tag Archives: business

Are You Ready to Offer Corporate Housing?

Are You Ready to Offer Corporate Housing?

Posted on 16. Jul, 2015 by .

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If you’ve considered offering corporate or short-term housing, you’re not alone. With property management costs steadily rising, property managers across the U.S. are looking for a reliable funding stream. With a significant increase in business travel and employee relocation, corporate housing is often suggested as a viable way to increase revenue. It’s no secret that […]

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Before You Rent Out Your Home

Before You Rent Out Your Home

Posted on 08. Jul, 2015 by .

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There are both positive and not-so-positive things to consider before renting out your home and becoming a property manager. Pros include an increase to your income and a steady cash flow. But being a landlord may require you to go out of your comfort zone and deal with emergency maintenance or difficult renters. Before taking the next step, here are a few tips from Trulia to […]

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Property Managers Buy Smarter and Smaller

Property Managers Buy Smarter and Smaller

Posted on 23. Jun, 2015 by .

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As we go about our routine responsibilities of serving our owner-clients we often find good deals on residential income properties. That’s true today in smaller markets filled with plentiful opportunities. Bigger cities are the primary markets many investors are focusing on to increase their holdings of income housing. That’s why some of the smaller, out-of-the-spotlight […]

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Why Renting May Remain the American Dream

Why Renting May Remain the American Dream

Posted on 18. Jun, 2015 by .

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Nearly 7 years after the financial crisis of 2008, a time when mortgages seemed available to almost any American, the “American Dream” of owning a home continues to fade. The “old” dream was to save enough money for a down payment on a home that you could own or partly own by qualifying for a […]

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Apartments for Generation C

Apartments for Generation C

Posted on 11. Jun, 2015 by .

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Increased mobility will continue to play an important role for the modern renter. In this recent article by Axiometrics we see how Millennials are setting the stage for the next generation, a generation of “experiential people.” Click below to see how the rental industry is preparing for Generation Connected and the “experience economy.” Read the full article here

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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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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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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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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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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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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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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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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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Make 2015 the Best Year Ever – Part I

Make 2015 the Best Year Ever – Part I

Posted on 01. Jan, 2015 by .

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It’s a brand new year.  If you’re like most of us, you have a long list of New Year’s resolutions that you have vowed to keep this year.  And, if you’re like most of us, becoming better organized in 2015 is somewhere on that list; after all it’s one of the Top 10 resolutions year […]

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Property Management’s Golden Rules

Property Management’s Golden Rules

Posted on 18. Dec, 2014 by .

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The term “golden rules” is actually an introduction to the most important rules property managers must adhere to. This article should be considered a primer which you can build upon. As my readers know I want property managers to be “remarkable”. One big way to achieve this is to know so much about your responsibilities that […]

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Simple Ways to Fill Vacancies Quickly, Carefully, Intelligently

Simple Ways to Fill Vacancies Quickly, Carefully, Intelligently

Posted on 16. Dec, 2014 by .

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Vacancies can come up at the most unexpected times. The end of a year, even though it’s a holiday season, is no exception. Neither are the early months of winter when fewer moves occur. That’s why property managers need multiple ways to attract new residents that work all year round. It’s also effective to have […]

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What Do Rentals and Vacancies Look Like in 2015?

What Do Rentals and Vacancies Look Like in 2015?

Posted on 11. Dec, 2014 by .

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Are you prepared for the upcoming year? Recent studies suggest that multifamily demand will remain high in 2015, despite “high demand, some markets reflect a possible concern of oversupply, with vacancy rates forecast to reach upwards of 7 percent.” Multifamily Executive recently posted an article that shows what to expect in the rental market. Click here for […]

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Make 2015 Your Best Year Yet!

Make 2015 Your Best Year Yet!

Posted on 09. Dec, 2014 by .

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As 2014 draws to a close, there’s no better time to begin to assess the year.  If there’s nothing you would change for 2015, you can probably stop reading now.  But for most of us, there’s always something that we can do better, faster, more efficiently, and more profitably.  One of the best ways to […]

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Housing Data Confirms Contradictions, Favors Rentals

Housing Data Confirms Contradictions, Favors Rentals

Posted on 27. Nov, 2014 by .

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As property managers we want to keep up on the trends in our local economies. “The trend is our friend” is a mantra that enlivens our professional awareness. The final quarter of 2014 has uncovered some important national trends as well. Building permits, an important signal of future construction, increased by 4.8% in October to […]

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