CDC offers guidance on cloth face coverings
by Christin D. on 4/7/2020 4:13:02 PM
The CDC has recommended that people wear a protective face mask while in public to help protect against COVID-19. Unfortunately, there is a current shortage of masks, and many are unable to source them for use. As a result, the CDC has indicated on its website that a substitute mask exists and can be made at home. We invite you to use the video they released below to access the steps involved in making the cloth face coverings recommended by the CDC. You can also read more on their website by clicking HERE.
Press Release: Buyers Access and AMC Announce Partnership
by Christin D. on 4/2/2020 10:00:00 AM
For immediate release:
Buyers Access® and AMC Announce Partnership
Denver, CO, April 1st 2020 –Buyers Access® (BA) and Apartment Management Consultants, LLC (AMC) today announced a strategic partnership, which will provide AMC properties purchasing optimization benefits through Buyers Access. As a Member of Buyers Access, the AMC properties and organization will realize additional opportunities for cost savings through purchasing standardization, spend consolidation, outsourced services, data analytics, reporting visibility, compliance education, and training.
Dan Haefner, President & CEO of Buyers Access® commented, “Our entire team is both thrilled and honored to be entering into this strategic relationship. We sincerely welcome the opportunity to provide value add services and support to AMC properties and owners, and the ability to positively impact their day-to-day operations. We look forward to working closely with AMC and their Associates.”
Brenda Barrett, President of Property Management Operations at AMC said, “We are constantly looking at ways to perfect how we do business, and how we can improve the experience for our residents, team members and owners. At AMC, every detail matters, and that includes providing efficient and effective purchasing processes. We look forward to our purchasing optimization partnership with Buyers Access and driving additional NOI to the bottom line.”
About Buyers Access
As the nation's leading Purchasing and Cost Control specialist for the multifamily housing industry, Buyers Access provides real estate owners and operators with full service purchasing solutions to help maximize the value of their real estate assets. Since 1986, Buyers Access has helped thousands of properties and hundreds of companies to reduce operating costs and drive improved cash flow, while leveraging substantial personnel time savings. For more information, visit http://www.buyersaccess.com or call 1.800.445.9169
AMC is a full-service property/asset management company that was founded in 2000. Since its founding, AMC has grown to be one of the premier management companies in the country. AMC is dedicated to meeting the needs and exceeding the expectations of owners and asset managers. AMC strives to make each of the properties it manages perform to their highest potential by giving its staff the tools they need to succeed, by intelligently responding to the industry's market changes, and by overcoming any obstacles that might be presented along the way. AMC is dedicated to continued excellence by establishing, maintaining, and promoting the highest standards of property management.
RemoteLock and Buyers Access announce partnership
by Christin D. on 2/27/2020 11:09:47 AM
RemoteLock Announces Partnership with Buyers Access
DENVER, CO (February 25, 2020)
a leading provider of cloud-based access control and smart lock management software, today announced it has partnered with Buyers Access,
a leading provider of purchasing optimization services and customized purchasing solutions to the multifamily industry.
“We are thrilled to partner with RemoteLock, who brings a cloud-based solution to key control that so many
multifamily properties need as a solution,” says Dan Haefner, CEO and president of Buyers Access.
“RemoteLock’s technology solves some of the biggest access management and scheduling headaches that our members face on a daily basis at their properties.”
RemoteLock’s cloud-based application, EdgeState, consolidates connected locks on an easy-to-use software platform enabling property managers to remotely control access for tenants, guests, employees and support staff that in turn, saves time, money and manpower. EdgeState allows property managers to secure and manage any door at any of their rental properties from anywhere around the world. The platform can support Wi-Fi and Z-Wave smart locks for any type of door including resident units, elevators, garage doors and common area doors.
“Our goal at RemoteLock is to simplify access control management for everyone at a multifamily property, from property management to maintenance teams to residents,” said Barclay Friesen, executive vice- president of direct sales for RemoteLock. “Our partnership with Buyers Access will allow more property owners to take control of managing access to their properties with a solution that is not only easy to use, but that showcases a level of technological sophistication that today’s savvy renter is looking for.”
About RemoteLock: RemoteLock is the leading provider of cloud-based access control and smart lock management software. Its cloud-based application, EdgeState, consolidates connected locks on an easy-to- use SaaS solution enabling customers to remotely control access for guests, employees and support staff, saving time, money and manpower. RemoteLock opens doors across the world more than 100+ million times per year, secures doors in more than 65 countries and engages with more than 40+ million users on its EdgeState software application each year. RemoteLock is headquartered in Denver, CO.
About Buyers Access:Buyers Access (BA) is the United States’ leading provider of customized purchasing
solutions, serving more than 650,000 housing units in the multifamily space.
Dan Haefner, CEO 303-991-5577
Buyers Access appoints Vice President of Sales for Bidders Access
by Christin D. on 2/3/2020 5:58:17 PM
Denver, Colo., February 3, 2020 – Buyers Access is pleased to announce the appointment of Rose McMillen as Vice President of Sales for Bidders Access, a cloud-based bid solicitation platform specifically designed for the multifamily industry.
“Rose brings over 20 years of experience serving and partnering with multifamily owners and operators and representing innovative platforms that have increased financial and operational success for customers. During her tenure with RealPage, Asset Essentials, and Rent Collect Global (now Assurant), Rose helped to substantially increased industry recognition, customer satisfaction and brand adoption. We are very excited to have Rose join the Bidders Access team, and the opportunity to deliver a new innovative solution to the multifamily bid solicitation process,” said Dan Haefner, President and CEO.
“Management companies are always looking for ways to improve efficiencies for their company and teams, and Bidders Access does exactly that. By centralizing work flow, communications and document management, owners and operators can save time and streamline process, and standardize bid results for comparison. This makes the process easier for everyone, even the vendors. It’s exciting to be working with such an innovative company.” said Rose McMillen, Vice President of Sales for Bidders Access.
About Bidders Access- a subsidiary of Buyers Access
Bidders Access is a cloud-based bid solicitation platform optimizing the way multifamily investment property owners and operators create and obtain bids. By streamlining bid solicitation communication process, standardizing input and output and centralizing work-flow, efficiency increases, and teams gain a competitive advantage when comparing and understanding bids. Operations teams now can have complete control when defining scopes, quickly and easily create RFQs, conduct seamless communication with multiple bidders through automated emails, and review clear and transparent bids side by side. Cloud-based storage of all bid information and related documents/photos makes pertinent information easy to access at a moment’s notice, regardless of location.
About Buyers Access-
As the nation's leading purchasing optimization and cost control specialist for the multifamily housing industry, Buyers Access provides real estate owners and operators with full-service solutions to help maximize the value of real estate assets. Since 1986, Buyers Access has helped thousands of properties and hundreds of companies reduce operating costs and drive improved cash flow, while leveraging substantial personnel time savings. Robust analytics, detailed reporting and specialized technology solutions create improved visibility and decision making, allowing customers more time to focus on their core business of leasing, retention, collections and service. For more information, contact Buyers Access at www.buyersaccess.com or call 1.800.445.9169.
To schedule a Demo or learn more, contact Rose at firstname.lastname@example.org or visit us online at www.biddersaccess.com.
Behind every successful property: Account Managers of Buyers Access
by Christin D. on 12/13/2019 2:46:00 PM
Behind Every Successful Property: Buyers Access Account Management Inside Edition
On-site property management teams face insurmountable challenges that are highly unpredictable at times. Every day, opportunity to overcome multiple obstacles exists. With the best intentions, purchasing activities frequently cannot be managed by on-site teams without additional support. That is where Buyers Access and the Account Management team come into play and can add extensive supplemental resources to aid in the domination of purchasing and procurement activities. Your company on-site teams will not fully execute and optimize purchasing by working just a bit harder or longer. They need expert resources and support, they need a Buyers Access Account Manager.
Account Managers at Buyers Access are what your company needs to outperform the average competitor in today’s market. Our Account Management group is responsible for optimizing the purchasing of 600,000+ units across the nation, and we have been doing it for 35+ years. In addition, a full Member Services department exists to support the daily expense optimization at your properties, and act as an extension of your site teams by doing administrative legwork.
So, what is this mysterious species, a Buyers Access Account Manager?
Buyers Access Account Manager (n.):
1. Heroic purchasing optimization warriors who save property management companies from wasting time and money. 2. A secret weapon who requires a diet of wasted time, money, and frivolous spend. 3. Obsessive, over caring, sometimes crazed, forward thinkers.
Sometimes the full impact of the many challenges experienced at the on-site level are hard to realize in full capacity if the observer is not in the trenches. The Account Management team at Buyers Access is nothing short of a dynamic group of people, but how can they impact your business.
Below are a few examples of the many successes that took place in 2019.
- Over 500 toilets were purchased and installed, generating a total savings of $70,000! Strategic sourcing and negotiation combined with a streamlined, all-in-one solution created this huge savings. Through the help of a Buyers Access Account Manager, when this project was rebid under an all-in-one philosophy, the new quote was $20K less than the best quote previously obtained.
- A medium-sized, established, customer elected to have in-person training for over 50 of their on-site team members. Closing out 2019, the results were an increased NOI through an overall reduction in purchasing expenditures. The team reported that the training helped them a great deal and they feel they operate more efficiently through using the Buyers Access resources at their full capacity.
- 15 consecutive renovations executed within one year were accomplished by an owner with the support of a Buyers Access Account Manager. The Account Manager worked together with the owner to plan, track, standardize, install, audit, and execute all 15 projects, and acted as the de-facto Project Manager. Products with higher durability replaced less expensive options, however this member paid less! Credits and additional rebates were found that the company qualified for, pricing consistency checks and balances were established, and savings/rebates were substantial. This made investor calls a breeze for leadership!
2019 strategy won't make 2020's NOI
Multifamily management companies have weathered significant changes in regulations in 2019. New laws ranging from rent control implementation in some states to extension of the “notice-to-cure” period on evictions in others, to revenue from ancillary income being more heavily regulated by some local jurisdictions . All these new challenges have made not only the 2020 budget process more difficult, but also day to day operations. Buyers Access members hold a distinct advantage for many of these challenges through their connection to our program. They have Account Managers negotiating on their behalf often uncovering saving opportunities, standardizing product lists yielding competitive and consistent pricing, and uncovering potential rebates by aggregating sourcing from suppliers.
The bar is set high and it raises daily. Through brilliant strategy, firm negotiations, and endless support, companies win, and so do we for them! Most Buyers Access team members have been on site and know first- hand the challenges that exist, they have lived it. Strategic planning on budgets with Buyers Access vs. those without are like night and day due to the support, resources, and saving strategies Account Managers help implement.
I asked one Account Manager to tell me about an experience where she impacted the lives of others through the mastery of her craft, and here’s what she said.
"I would have to say that happens daily. Having been on-site, I know how much we do daily to help managers and maintenance staffs, and they do too. Sometimes it is as simple as telling them which dishwasher they usually order. We are always here to lean on. That's a big deal."
What is stopping you from gaining “access” with the Buyers Access program at your organization?
Contact Buyers Access
A Holiday Call to Action - Shelters to Shutters
by Christin D. on 11/27/2019 2:36:00 PM
There is so much to be grateful for as we head into the Holiday Season, and this year we are asking for your support to lend a helping hand to a lifechanging organization, Shelters to Shutters (S2S).As a strong supporter of S2S , Buyers Access is happy to announce that ALL contributions made during November and December 2019 will be matched dollar for dollar by the Stand Together Foundation.
Holidays from another angle
The holidays are a significant time for many all over the world. Celebrations of “Friendsgiving” events, family gatherings, “White Elephant”gift
exchanges, and loads of shopping take place this time of year. Our calendars fill with joy, and the spirit of the season fills our hearts as we spend quality time with those we love. But what about those we don’t have what we do? The harsh reality is that there are numerous disabled veterans struggling to get by on the streets, families without shelter that are separated, people roaming the streets due to job loss or medical situations leaving them homeless. These conditions are hard to look at, not pretty, and impossible to ignore.
What can you do?
These unfortunate situations that many can find themselves in are heartbreaking, and many are stigmatized as a result. Homelessness can be due to many things resulting from bad choices or bad circumstances, but many “situationally homeless” individuals have skillsets and work ethics that the multifamily industry could benefit from. But how do you get a job without an address, and how do you keep an address if you don’t have a job?
Shelters to Shutters is born
In 2014, Chris Finlay who is an owner and operator of a multifamily real estate company noticed the never-ending need for multifamily management companies to fill entry level positions. Finlay connected the staffing challenges of multifamily owners and operators with the employment needs of the “situational homeless”. Instead of solely relying on the public sector to remedy the homeless situation in the United States, Finlay had another idea. He started a pilot program where stable employment was offered to qualified individuals along with benefits such as housing discounts, training and development, team atmosphere, and most importantly a helping hand. This idea has evolved into what we know today to be Shelters to Shutters.
Industry leader support
Andy Helmer, current CEO of Shelters to Shutters, reinforces the realities that surround the homelessness dilemma most U.S. cities face stating that their program finds, “high-quality, motivated candidates for our property management partners” and exposes the fact many of them will be overlooked due to stigma. Helmer has found that the 70% of situationally homeless unemployed individuals “want to work and return to a life of self- sufficiency”. And the result? Click here
to look at 10 success stories resulting from the Shelters to Shutters initiative. The organization continues to touch the lives of many across the country with the help of supporters like you and Buyers Access.
A lifechanging “Call-to-Action”
The multifamily industry has collectively stepped up and helped aid in Shelters to Shutters mission. This holiday season, we encourage you to join Buyers Access, and many others, by visiting the S2S website and learning how you can GET INVOLVED
. There are a variety of ways to help on an individual and an organizational level and we hope you will join us. Every individual S2S moves out of homelessness not only changes a life forever but saves a local community $35,578 in estimated expenses creating healthier, more stable neighborhoods. Together we can make a difference.
Double the contribution!
This November and December, Buyers Access is happy to announce that ALL contributions made to Shelters to Shutters with Buyers Access will be matched by the Stand Together Foundation!
Help us reach our goal of $10,000!!!
National Recycling Day - State of Recycling and Multifamily Real Estate
by Christin D. on 11/12/2019 11:32:00 AM
National Recycling Day is November 15th!
This year, National Recycling Day (America Recycles Day) falls on Thursday, November 15th, and encourages communities and their members to spread the word about recycling. America Recycles Day is a “Keep America Beautiful” campaign program focused on educating, motivating, and encouraging recycling, with the goal of engaging and promoting participation in practices to reduce the amount of non-recycled waste. To that extent, many multifamily communities have been hosting events and educating residents about recycling, and best practices to help reduce the environmental impact caused by waste produced at their community. In addition, multifamily I recycling initiatives have evolved substantially since the early days. Below we will take an inside look at multi-family waste management practices, recycling initiatives, and additional benefits created through best practices.
2001: EPA multifamily specific study
In 2001, the Environmental Protection Agency (EPA) embarked on a study focused primarily on the discovery of the extent to which the multifamily industry was employing recycling programs across the nation. Prior to the EPA study, multifamily did not have a clear definition of recycling practices due to falling under a commercial real estate classification. The EPA study sampled 40 communities across the nation and compared single family to multifamily community recycling practices, and their success and shortfalls. The EPA then defined what a successful recycling program should look like in the multifamily business, and how this was accomplished in what was called the “Multifamily and High-Rise Recycling Assessment”. The results of the 2001 survey brought about significant adjustments in multifamily recycling requirements to various jurisdictions throughout the country.
2016: State of curbside report study
In 2016, the State of Recycling report was published by The Recycling Partnership, which analyzed single family and multifamily best practices and effectiveness for recycling. The findings yielded some of the original challenges the EPA uncovered in the 2001 study, primarily due to a large portion of local governments not defining multifamily outside of the commercial sector. In the 2016 study, 465 communities comprising about 36 million residential units (Single family homes and multifamily units) were considered, and the study found that only 25 million units were eligible for curbside collection including recycling as an option. This means that 11 million units of multifamily were still not included as a part of curbside recycling program. Since that point in time, many local jurisdictions have started to require mandatory recycling in multifamily.
Benefits of recycling
Why does our country donate so much time into supporting recycling as an initiative on so many different levels? A plethora of benefits are realized when communities choose to recycle rather than toss waste into landfills. The practice of recycling conserves natural resources such as water, saves energy, prevents pollution, and increases economic security, including the development and creation of jobs available in the manufacturing and recycling industries in the United States. The Recycling Economic Study done in 2016 revealed that 1.57 jobs and $76,000 in wages were generated per 1,000 tons of materials recycled. Recycling also saves the number of trees that need to be cut down to make new paper products when paper is recycled by households. A 2015 survey discovered that 25% of municipal solid waste is due to paper products alone, while plastics accounted for 35 million tons and glass 11.5 million tons of waste. Reducing the amount of waste from these 3 materials alone would have a substantial impact on the environment if more households practiced recycling as a regular activity, especially those in the multifamily sector.
Challenges in Multifamily recycling
As previously stated, multifamily recycling programs have been ambiguous and difficult to measure due to data captured. This is due to multifamily properties being defined as commercial property in many local municipalities, although that is not the only challenged faced. Multifamily communities have little control over what type of waste is thrown into community trash compactors, and the addition of a recycling receptacles beside waste containers and compactors has created confusion for residents. Recycled materials often wind up contaminated by those who don’t know how to recycle properly, or by utilizing inappropriate containers with or without realizing it. Another challenge faced is the practice of encouraging multifamily households to designate a separate container to just recycled materials, often in smaller living spaces. The monitoring of any of these challenges is difficult, and multifamily communities often end up spending more on recycling without seeing high success.
Challenges in U.S. recycling
Until recently, the United States had been sending most recyclable materials to China to be manufactured into goods such as plastics, clothing, and other products. In late 2018, China began restricting recycling imports of certain types, including paper and most plastics, two of the largest recyclable materials in the United States. Unfortunately, waste management companies are now being forced to raise rates, and municipal governments are faced with either paying the higher rates or throwing the recycling away as waste instead. This has left many communities without a choice. As a result, carbon emissions and methane released by recycling decomposing in landfills, and plastic being burned is having a large negative environmental impact on the ozone layer, propelling the environment into an even further undesirable direction.
What is the solution?
It seems like recycling is a thing of the past after researching and realizing the restrictions and costs now imposed on municipalities and consumers. So how can we do our part and continue to recycle? The first step is to be more conscious of the waste we are producing in the first place. Shopping bags, straws, and water bottles are 3 easy items to stop supporting, and by adopting re-usable options instead. Be more conscious of what is going into the recycling bin! Aluminum cans, foil, steel and tin cans, corrugated cardboard, office paper, and #1 and #2 plastics such as water, juice, and salad dressing containers are still encouraged if they must be used. The second part is to be more conscious of how the goods are when thrown into the bin. Cleaning recyclables of all debris and waste such as food residue is key in the expense of processing recyclables, making it a requirement for consideration.
Though there are many who are pessimistic about recycling and take and all or nothing approach, educating yourself and others on the facts is key to continuing any progress in our recycling initiatives, whether it be in a business or multifamily community environment.
Published by: Christin Daniels for Buyers Access® residential multifamily purchasing experts. To connect with Buyers Access and obtain a complimentary purchasing analysis, visit us at www.buyersaccess.com or email us at BASales@buyersaccess.com.
EPA (November 2001). Multifamily Recycling: A National Study. National Service Center for Environmental Publications (EPA530-r-01-018). Retrieved from https://nepis.epa.gov/Exe/ZyPDF.cgi/10000OV5.PDF?Dockey=10000OV5.PDFGreenblatt, Alan (Dec. 2018) Under China’s New Rules, U.S. Recycling Suffers. Governing: The States and Localities. Retrieved from: https://www.governing.com/topics/transportation-infrastructure/gov-recycling-trash-waste-sort-compost-china.html
EPA.gov. How Do I Recycle? Common Recyclables. Retrieved from: https://www.governing.com/topics/transportation-infrastructure/gov-recycling-trash-waste-sort-compost-china.html.
Cold, Flu, and You: Promote Wellness this Season
by Christin D. on 11/5/2019 4:00:00 PM
Flu Season and You
Flu Season is upon us and protecting yourself against contracting a cold or the flu is a high priority this time of year. From consistent hand-washing, to guzzling vitamin C, most of us do whatever we can to prevent ourselves from contracting the influenza virus. As multi-family industry professionals, we should consider the action items and steps that we can personally take to protect ourselves and others in the community. Below we will discuss some statistics of flu season, steps to take personally and professionally to prevent contraction and spreading of the flu virus, and ideas you can take to implement prevention.
Statistics on flu and cold season
Each year, cold and flu season is responsible for 44 million “sick-days” in the United States called, in by 11 million employed adults spread throughout the country. This statistically accounts for about a $9.5 billion-dollar financial burden on businesses, and even considers that 39% of the workforce will still report to work even when ill. Aside from work being the 3rd most likely place for individuals who have the cold or flu virus to frequent, according to the CDC, other locations that are highly frequented by sick individuals include local drug stores and grocery stores.
Where germs live
The flu and common cold are most contagious during the early onset. Unfortunately, this is also when people still may not realize there is anything wrong. They still feel well enough to go out in public and therefore can spread the virus without realizing the severity. As multi-family industry professionals, we work and operate where “home” is for many of these 11 million adults who do call in sick. This increases our exposure to their germs even when the resident opts to stay home to avoid spreading the virus. Since our place of work is their home, we must take extra caution to avoid getting sick. Below are some common places to consider taking extra precaution around when trying to avoid contracting the flu and common cold:
- Building entryways- including elevator buttons, handrails in stairwells and access points, door handles to common spaces in a community.
- Public restrooms in the gym or other common areas
- Hospitality and snack areas, such as a coffee bar or resident appreciation event gathering
- Common areas such as the local game room/tv lounge, business center, or conference room
- On-site fitness centers, weight rooms, or spin/yoga studios
How to protect your community
As multi-family professionals, we have a responsibility to create an atmosphere of safety and cleanliness when possible. Though we can’t guarantee the effectiveness of our efforts, it is part of our responsibility. There are a few recommendations that property teams can do to help protect the visitors and dwellers of a community, and by directly making a few adjustments on-site during this time of year:
- Supply paper towels instead of air dryers in common area restrooms to help reduce the number of bacteria left on hands after washing thoroughly with soap and water.
- Install hand sanitizer stations at entrances, stairwells, common areas, and restrooms to make sanitation easier for residents and team members on the go.
- Make microfiber cleaning cloths and sanitation wipes available to staff members so they can wipe down surfaces regularly with minimal additional effort.
In addition to the above recommendations, there are also other easy and fun ways to communicate and educate residents about flu season’s best practices. They may even create a heightened sense of resident satisfaction as you demonstrate your commitment to their community. Here are some ideas that may help spice up flu-prevention at your property:
- Host a pre-flu season event. Invite a local flu-shot vendor or offer flu-shot passes with an incentive to residents. The incentive can be small and often stores will partner and provide a “perk” to those residents that show up and get the shot! Think a discount on “Emergen-C” or “Airborne”.
- Include education in the monthly news letter for residents to read prior to the start of flu season. You could even announce the above pre-flu season event in the publication at the same time.
- Have resident care packages in the office or distribute them in an appropriate fashion for your specific community. Vendor partners and Buyers Access team members can offer great ideas and resources to do this if you have a tight resident-appreciation budget to work with.
What to do if you get sick
Even taking all the right preventative steps, you can sometimes still wind up sick. Once contracting a virus, it’s time to look at measures that can be taken to protect yourself and others while it runs its course. Remember, the flu virus is stronger in the beginning stages and can spread easier during this time. Staying home from work may be a good idea to have minimal contact with others. If you must report to work or engage in regular activities on some level, follow the below recommendations to protect yourself and others from getting sick.
- Wash your hands
- Invest in a protective dust-mask to wear outside of your individual space to avoid airborne germs from spreading
- Wipe down everything you touch with an antibacterial spray or wipe and allow it to dry naturally so it has ample time to kill bacteria and germs.
- Drink plenty of fluid and use paper cups or personal drinkware that won’t be washed and re-used in the office or public area.
- Rest more than you think you need to. Your immune system is already weakened substantially once you do get sick so this extra TLC can speed up recovery. If you reported to work and start to feel worse, re-evaluate your attendance and communicate any concerns to your workplace supervisor.
Getting sick is no fun and nobody ever wants to get sick. It’s important to remember the seriousness of the flu virus and consider that even mild strains can cause serious complications. Spreading bouts of sickness around the office or community can be decreased by following some of the above suggestions and preparing for the flu season accordingly. Buyers Access, and our supplier partners, are always available to help equip your team with the supplies needed to create an uninviting environment for germs associated with the flu virus and other bacteria. One of the best parts about being a part of the Buyers Access program is that you have an abundance of additional resources and extra sets of hands to call on when you need them. Contact our sales department at BASales@buyersaccess.com to get this support. If you are already a member, your account manager and the member services team can quickly help you get prepared by sourcing the best products and lower prices with additional savings on mass quantities when needed. Email email@example.com to reach out to your team of support and make your property safe this flu season!
2019 Empower Conference Highlights
by Christin D. on 9/20/2019 11:27:00 AM
Have you ever been to a Buyers Access Empower Conference before?
The Buyers Access team hosted another memorable conference earlier this month where members and supplier partners spent 3 days collaborating on various industry topics while having a little fun. Breakout sessions, brainstorming, a reverse trade show, and face-to-face meetings between key industry professionals made this year’s EMPOWER event both productive and insightful for attendees.
During the 3-day event industry leaders explored topics such as industry trends, optimal use of resources and purchasing power, new product insights, and how to further utilize the Buyers Access teams in ordering, reporting, and streamlining bidding processes and partnerships. You could probably feel the energy from afar as the event burst with knowledge and genius, not to mention unforgettable fun. We can’t tell you all the secrets, but below we will share some highlights from the recent event and exciting new features to come.
Buyers Access Suppliers
Buyers Access partners with some of the industry’s best and most reputable suppliers to ensure we have the most relevant product offerings and selections available to members. With approximately 50 of the most well-known supplier partners on board, Buyers Access optimizes these relationships to leverage opportunities for members in purchasing, training, capital projects, standardization, and reporting, to name a few.
This year, Buyers Access suppliers from the below companies were able to work together with the Buyers Access team and members to present some of the newest innovative ideas and solutions for multi-family.
Suppliers in attendance included:
- The Home Depot PRO (formerly Wilmar)
- Ancillary Services Management
- HD Supply
- Bidders Access
- Energy Link
- Courtesy Connection
- Maintenance Supply Headquarters
- National Exemption Service
- BBC Lighting
If you are not currently a Buyers Access member but already purchase from any of the above, our team can easily integrate the Buyers Access advantages into your existing purchasing process. Our members get exclusive resources that add time back in their day, along with insights relating to multi-family MRO rollouts, and ongoing support to meet the new regulations and consumer trends.
Breakout Session Highlights
This year’s Empower 2019 breakout sessions were hosted by Home Depot Pro, Sherwin Williams, Staples, HD Supply, and Cintas. The sessions addressed many aspects relevant to keeping Buyers Access members ahead of the curve and at the forefront of competition in the multi-family arena. Innovation, optimization, standardization, and selection were common topics throughout the conference, which were more specifically addressed during these sessions.
Staples and Sherwin Williams provided innovative solutions to common challenges through service and product offerings, introducing and expanding on a variety of new additions to their product offerings. HD Supply and Cintas put a large emphasis on the many changing regulations and safety requirements directly related to multifamily properties. HVAC regulation changes, exclusive warranty programs, and other life-safety updates were discussed in detail. Home Depot Pro, formerly known as Wilmar, unveiled a Buyers Access member advantage program which addresses innovative technological offerings, product standardization, and maintenance optimization.
Brainstorming and the Reverse Trade Show
In addition to the informative workshops hosted by the leading national vendors listed above, Buyers Access members had the opportunity to speak one-on-one with suppliers and account managers during the legendary reverse trade show. During the event, teams were able to collaborate and strategize avenues for implementation of key topics covered at previous sessions. The trade show was fully equipped with a DJ, great music, an electrifying atmosphere, chocolate covered popcorn, and plenty of laughter.
The final day of the conference everyone gathered together over refreshments and coffee to discuss hot topics that were hand selected by conference attendees prior to the event. During this session attendees shared ideas, strategies, and gained new perspective on various industry topics. Maintenance and time saving technology was a popular area of choice among the group, and where Buyers Access account managers shared insight into standardization and the creation of product lists to promote savings and efficiency.The brainstorming session and breakouts were enticing, and everyone left with something new to apply and a team of support to execute for them on a variety of levels.
Until next time!
The Buyers Access program has proven to be of high value to any management companies looking to optimize performance, purchasing, and increase their bottom line. With industry changes constantly affecting the multi-family industry, creativity and innovation continue to stay at the forefront of our minds when providing value to our members. If you want to be a part of this “family” of thought leaders and become a member, contact us now and we will do a free purchasing analysis with no strings attached. We can be reached at BASales@buyersaccess.com or by calling 1-800-445-9169.
Renovations and Amenity Upgrades- Budget Edition
by Christin D. on 7/22/2019 3:22:20 PM
To renovate or not to renovate, that is a common question quite often pondered by operators and investors in the multi-family arena. Many attractive benefits can exist when contemplating an interior or exterior renovation, and amenity upgrades. Renovations may yield higher returns, improve aesthetic appeal, facilitate resident retention, and freshen up aging communities to better compete with modern trends. If you are planning on renovating, analysis of the local market, testing the product, and calculating costs vs. returns are all recommended steps to help forecast potential returns. Amenity upgrades should be comparable to the competition and allow a community to closely compete with surrounding properties. Below we will look at types of renovations, steps to take before the process begins, and what amenity upgrades have prospects and residents interested today.
Before you Start Renovating
According to Darren Williams of Portico Property Management, testing your product against current market conditions and projected future trends is key prior to starting any renovation project. Understanding the demographic nature of your property, along with local consumer tastes and preferences is imperative when choosing design and scope. Surveying current residents on the improvements and their additional expense toleration is critical in deciding on potential upgrades. Renovating and pricing a project’s needed return not based on current market conditions is not recommended. Taking these initial steps are important to anyone trying to achieve superior returns, and to avoid vacancies due to over inflated rents. Investors typically can realize a return of 10%-30% in rent growth post-renovations.
Choosing Interior Renovations
Visiting submarket competitors, both new construction and renovated product can provide information as to what upgraded characteristics yield the highest returns when comparing quality, age, pricing and occupancy. “Owners report that replacing carpeting with vinyl, tile, or wood flooring promises the greatest return on their investment” says Caufield for MultifamilyExecutive.com. Upgrading interior lighting is another desirable improvement due to its ability to brighten and refresh living spaces, especially those with limited natural light. Kitchen and bath upgrades such as wrapping cabinets with new finishes, replacing hardware, as well as upgrading appliances are also remodel activities that may yield superior returns.
Choosing Amenity Additions and Upgrades
The standard amenity package offering for multifamily communities use to include a couple of grilling areas around the property, a workout center, tennis courts, and maybe a business center. It was not unusual for on-site laundry services to be offered if residents didn’t have their own machines or did not have hookups available to them. Fast forward to today, the amenity package desired by renters has shifted substantially.
Today renter wants communal space for gatherings and can inspire other social benefits. Areas where residents and their friends can watch popular sporting events and shoot pool is becoming more attractive, as the sense of community can propel itself into an amenity category all its own. Other examples of communal amenity spaces encouraging residents’ creative capacities are painting and art galleries, pottery and crafting workshops, music studios, and co-working spaces. The offerings of these creative spaces tap into a desire for a lifestyle that is appealing.
Wellness and offerings geared towards healthy lifestyles are another category ranked highly on the desired amenity lists. Offering community cooking classes, nutrition seminars, and other engaging and educational sessions allows residents to bond with one another while engaging in positive initiative to benefit their overall lifestyle. From these gatherings, residents will often form their own relationships inspiring further community building in the form of running clubs, painting and art evenings, and pet play dates. This, creates an organic, thriving community that will help attract new residents through word of mouth and retain current residents that see the value in the relationships built by these offerings.
Upgrading Dated Amenity Spaces
Taking an existing business center with basic office equipment and transforming it into a coffee bar and lounge with free Wi-Fi would likely be more attractive to today’s renter. Multifamily fitness center amenities use to include only basic cardio equipment and a multi-purpose weight machine or two. Now, upgrading the space to include a yoga studio with virtual fitness instruction is highly attractive to those seeking a healthy lifestyle. Using any additional square footage to house free weights and functional fitness equipment can help an older community stand out. Upgrades to amenity areas can allow older properties to better compete with newer assets by looking and feeling the same.
Off leash pet parks are also a common amenity being included with newer developments. If a community has extra outdoor space, converting it into an off-leash pet park or a community garden can appeal to today’s renter who wants to be able to utilize outdoor space as if it was their own backyard. Community gardens are very attractive to renters who have previously resided in single-family homes and enjoy nurturing gardens and harvesting fresh produce. Offering an option that allows residents to enjoy outdoor space in a personal way can make the community feel even more like home, and encourage further social interaction between residents.
Ready for Renovations?
Renovating and upgrading may be a realistic and economical way to generate improved returns, particularly for older communities with dated interiors and amenity spaces. Renters are leaning more towards an overall experience, personalized space, and functional offerings when deciding on their next home. To stay competitive, older communities can upgrade existing spaces allowing them to realize returns faster than a new build. For more information about how Buyers Access can help your team with interior and exterior renovations, contact firstname.lastname@example.org, and we will be glad to offer you a comprehensive solution in every phase of your project using the best materials at competitive pricing.