5 Fire Prevention Tips for Apartments & Multifamily Properties
by Michelle N. on 10/12/2018 2:38:00 PM
When it comes to fire safety, multifamily property managers should constantly be on the lookout for fire hazards. One small ember can quickly turn into a runaway blaze that spreads from unit to unit, potentially costing millions in property damage. Even more serious than that is the threat of bodily injury to building occupants, especially in assisted living and retirement communities. According to the National Fire Protection Association, there were 98,000 multifamily apartment fires in 2013 that cause about $1.6 billion in property damage and 325 fatalities. Protect the safety of your multifamily property and its occupants by reading tips to prevent the common cause of apartment fires.
1. Provide fire safety equipment in the kitchen.
Apartment fires are likely to start in the kitchen. In fact, over 80% of residential care and assisted living facility fires in 2013 were cooking fires. Make sure that kitchen appliances are properly installed and have adequate ventilation. Install smoke detectors in compliance with local ordinances, and provide a fire extinguisher for every kitchen.
2. Maintain heating and cooling systems.
Improperly maintained heating and cooling systems can overheat and cause an electrical fire. Hire a qualified HVAC technician to check cooling units, heaters and furnaces for proper installation. Replace worn HVAC parts and old units when they become outdated.
Bonus tip: Storing items too close to a heat source is a fire hazard. Advise your tenants that they should keep household items like clothing and furniture a safe distance away from any source of heat.
3. Prevent and detect gas leaks.
Natural gas leaks pose a significant fire hazard for multifamily properties. Have gas lines inspected for faults and do not allow any digging around the property without having gas lines marked by the local utility company. Install a gas leak detector in every building unit.
4. Inspect and upgrade electrical systems.
Buildings with poorly installed or deteriorated electrical systems are at risk of catching fire. Hire a certified electrician to inspect your building’s electrical components regularly. If you manage an older building, consider overhauling your electrical system completely. The cost to rewire and replace the electrical system is an investment in building and tenant safety.
5. Make sure waste is regularly disposed of.
Properly disposing of garbage and waste can minimize fire hazards. Trash can easily spark and go up in flames, and piled up garbage can block exit ways. Provide adequate garbage receptacles and have them emptied often.
Bonus tip: Require an annual unit inspection in lease agreements to ensure your tenants are maintaining a safe space and aren’t hoarding waste.
To find out more about how you can benefit from being a Buyer Access member and access our national fire protection suppliers, please contact us today!
Buyers Access Partners with Shelters to Shutters To Help in the Ongoing Fight Against Situational Homelessness
by Michelle N. on 10/1/2018 3:03:00 PM
DENVER, 10/1/2018) – Buyers Access (BA) announced today a partnership with Shelters to Shutters (S2S), a 501(c)3 organization that works nationwide with multifamily organizations to provide employment and housing opportunities to the homeless. The Shelters to Shutters organization focuses on people who are situationally homeless due to a life-altering event such as job loss, medical or health emergency, divorce, domestic abuse or the loss of a primary income earner, which makes up approximately 83 percent of the homeless population in the U.S.
"Buyers Access is extremely excited and proud to partner with Shelters to Shutters in the ongoing fight against situational homelessness, and we support and applaud the enormous impact Shelters to Shutters is making by providing employment opportunities and sustainable housing. We look forward to helping to give back to those less fortunate, and to helping Shelters to Shutters significantly advance their efforts through introduction to our Member owners and operators” said Dan Haefner, CEO, Buyers Access.
S2S currently partners with more than 20 apartment management companies – including such major industry players as AvalonBay Communities, Equity Residential and Waterton – to place people experiencing homelessness in onsite, entry-level jobs and provide them with housing at the same communities at which they work. S2S works with a number of homeless-focused non-profits to identify suitable job applicants. The result is a win-win solution that changes the lives of individuals and families in the program and provides quality, motivated employees for a rapidly growing industry in need of talent.
S2S relies solely on private companies, foundations and individual donors to support its operations which provide a hand up not a hand out to individuals and families on their path from homelessness to economic self-sufficiency.
“Partnering with a dynamic multifamily company like Buyers Access offers an incredible opportunity to further our private industry initiative to provide multifamily owners and operators with high quality entry level employees from a talent pool that often goes overlooked – those in our country at risk of or experiencing homelessness. We look forward to leveraging their support to raise awareness of our mission and provide a pathway to self-sufficiency to individuals and families in need of a hand up,” said Andy Helmer, CEO, Shelters to Shutters.
Since its founding in 2014, S2S and its multifamily partners have assisted over 100 individuals and families out of homelessness in markets throughout the Mid-Atlantic, Midwest, Northeast, South and Texas.
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 www.buyersaccess.com or call 1.800.445.9169
About Shelters to Shutters
Shelters to Shutters is a national 501(c)(3) organization that transitions individuals and families from homelessness to economic self-sufficiency by educating and engaging the real estate industry to provide employment and housing opportunities. Across the country, Shelters to Shutters pairs leading property management professionals with individuals experiencing homelessness who are ready to work. The result is an innovative program that provides mentorships for careers in property management, along with full-time employment and housing opportunities for individuals facing homelessness and a pipeline of high quality, motivated employees for the multifamily housing industry. More information can be found at www.shelterstoshutters.org or by following the organization on LinkedIn, Facebook and Twitter.
Preparing for the 2019 Budget? Help Prepare with These 5 Tips!
by Michelle N. on 9/27/2018 2:37:00 PM
As a residential property manager, you’re likely already gearing up for the 2019 budget season. As busy as property managers are with the many hats they wear — marketing and sales, screening prospective residents, assisting with all manner of residents requests, and more — most understand that putting together a solid budget is critical for financial performance all year long.
A budget tells you where you are and where you’re going, and it helps you measure your progress along the way. It provides an organized and easily understood look at money coming in and going out for anyone who might need the information, including your staff, community investors, and financial professionals. It’s also an invaluable tool for you in assessing how your community is performing, identifying any fat to be trimmed, and adapting as situations change.
As you prepare your 2019 budget, take a look at the tips below to help make the process as painless as possible.
Review industry data
Visit the library, use an online database, or search online to review standard income, expenditures, profit margins, and other metrics for your industry. You can find lots of free information simply by searching online for various keywords, and you can also find annual reports from market research firms that give away some information for free and include others for a fee.
Generate methods for increasing revenue
If your community isn’t at full occupancy, create a marketing, sales, and communications plan before working on your budget. Does your website need work? Should you be focusing more on generating and cultivating leads? If marketing isn’t your primary area of expertise, consider working with a local marketing firm or a national company specializing in property management for ideas.
Put together your marketing plan first so you can include funding in the budget to cover any new or existing initiatives. Also, spend time thinking about whether your pricing is on target. Are rents where they should be based on market averages, demand, and supply? Should you consider additional fees for services such as using the fitness center?
Consider cost-cutting measures
What can be trimmed from last year’s budget? Are you overstaffed for your current occupancy? Are there areas in which you know you’re spending too much? Spend time reviewing budgets from the past several years and considering your unique situation to determine if any areas can be cut.
Review your tax situation
Prior to working on the budget, sit down with your tax professional for an update on any changes in the local, state, and federal tax codes that may affect you. Plan accordingly for any additional expenses that may result.
Plan for capital expenditures
Sit down with your maintenance staff — and maybe even a hand-picked panel of residents — to plan for needed capital expenditures. There will always be something that can be fixed or upgraded, so you’ll need to prioritize. What has to be done in 2019 and what can be put off for future years’ budgets? Consider your community’s overall financial situation, but also consider the marketing impact and curb appeal of certain upgrades over others.
No property manager looks forward to creating a budget. However, most also understand that taking time to put together an effective budget is critical to the ongoing financial and operational performance of a community. Spending some time planning by reviewing industry information, thinking about how to increase revenue, reviewing spending and taxes, and negotiating with vendors can help make the task a little less daunting.
MIX Multifamily Announces Strategic Partnership with Buyers Access - Industry Leading Purchasing Optimization Group
by Michelle N. on 9/14/2018 10:57:00 AM
Ft. Lauderdale, FL – (September 14, 2018) – MIX Multifamily, a designer and manufacturer of outdoor and clubhouse furniture, is very pleased to announce a strategic partnership with Buyers Access (BA) of Denver Colorado. BA is the leading provider of purchasing optimization services and customized purchasing solutions to the multifamily industry in the United States, serving more than 600,000 housing units nationwide.
“We are excited to add MIX Multifamily to our diverse group of supplier partners, and to supplement our product offering with the industry’s newest outdoor furniture provider” says Dan Haefner, CEO and President of Buyers Access. “MIX’s in-stock program and pre-priced catalog will help our owners and operators with their budgeting process, while expediting the entire purchasing process and assuring timely deliveries to guarantee resident satisfaction.”
As part of this partnership, BA will deliver targeted marketing programs centered around MIX Multifamily’s in-stock, Ready-To-Ship Program, which features next day shipping on popular commercial grade pool and clubhouse furniture.
MIX Multifamily CEO Juliano Rossetti said, “Our goal is to change the way apartment communities purchase their outdoor and clubhouse furniture. Today, properties need to wait 10 weeks for a quote, pricing and delivery. MIX Multifamily focuses on apartment communities that are looking for a no-frills, quick-ship, best price approach on the most popular commercial grade furniture. We are looking forward to working with Buyers Access to provide innovative solutions for the BA membership nationwide.”
About Buyers Access: Buyers Access (BA) is the United States’ leading provider of customized purchasing solutions, serving more than 600,000 housing units in the multifamily space. For more information, visit www.buyersaccess.com or contact Dan Haefner at 303-991-5577, firstname.lastname@example.org.
About MIX Multifamily: MIX Multifamily is a leading designer and manufacturer of outdoor and clubhouse furniture. We stock many of the most popular styles and fabrics for next day shipping. With published prices, apartment communities know exactly what they’re paying for through the length of our catalog. MIX works with property management companies to build purchasing programs around their needs and specs, guaranteeing the best pricing on every order. And as designers, MIX Multifamily can work with you to develop the perfect, unique look for your portfolio.
For more information, visit www.mixmultifamily.com.
For more information, please contact:
Valerie Rossetti, VP Marketing
Help Your Community Prepare and Recover from an Emergency with this Checklist
by Michelle N. on 9/12/2018 4:06:00 PM
With tropical storms on the rise, there is no better time than now to review your property’s emergency preparedness checklist. We want our members to be proactive rather than reactive. Disasters can happen anytime and without warning but with proper preparation and supplies you can be ready, reduce damage, and pull through. As a Buyers Access member, you have a handful of dependable sources for the products you need to help your community prepare and recover from an emergency.
This emergency checklist will help you get started.
Stock Up On Your Emergency Supplies Today!
Preparing for Hurricane Florence
by Michelle N. on 9/12/2018 9:51:00 AM
With the imminent impact of Hurricane Florence facing many properties in North Carolina, South Carolina and Virginia later this week, we want to make sure you are aware that Buyers Access is here to support and assist you and your teams in every way possible. If needed, our team can help with finding contractors, placing emergency orders, locating unobtainable items, and act as an extension of your team during this demanding time.
In addition to many of the great recommendations in the Red Cross hurricane preparedness link below, here are a few additional tips to help prepare your properties for Hurricane Florence.
Red Cross Hurricane Safety Checklist
- Make sure to have a plan for your office and residents
- Send notices to residents to take precautions and provide emergency service numbers
- Although your property grounds may have not flooded in the past, be prepared for new construction in or around your property that can cause a shift in the flooding area
- Back-up any computer systems, raise files and electronics off the floor in case of flooding
- Drain your pool slightly in anticipation of heavy rains, and secure pool furniture so it does not become flying projectiles
- Shut off sprinkler systems
If residents are staying they should be urged to fill their tubs with water in the event that they lose city/county water.
Another resource available in the extreme event of needing rescue is the Cajun Navy. If cell service is not working and/or you cannot get through to 911 you can click on the web link below to submit for a rescue with the Cajun Navy.
Please contact us if we can help you in any way.
The Buyers Access Team
Buyers Access Partners with Ancillary Services Management (ASM) to Provide Ancillary Contract Management and Negotiation Services
by Michelle N. on 9/11/2018 12:15:00 PM
(Denver, 9/11/2018) – Buyers Access (BA) announced today a partnership with Ancillary Services Management (ASM), industry leading experts for professionally negotiated and managed ancillary programs in multifamily rental housing. Through this partnership, BA members will have the ability to maximize ancillary revenue opportunities, and the expertise available to help locate new amenities and services, manage existing contracts, and increase returns from ancillary agreements.
“We are thrilled to add Ancillary Services Management as a supplier partner, and we look forward to our customers benefitting from their expertise in ancillary services, contract management and revenue enhancement” says Hila Muchow, National Director of Supplier Management, Buyers Access. “ASM has a long history of providing these services to owners and operators and helping to further maximize their NOI.”
“We are excited to be a part of the Buyers Access network and to be able to offer an outsourced ancillary services department solution to its members,” says Andrew Smith, President of Ancillary Services Management. “ASM brings value to its clients by increasing the bottom line thru expense reduction, revenue generation and improved efficiencies, all the while freeing up clients’ time to focus on their core business.”
ASM locates, negotiates, executes and manages ancillary services contracts including but not limited to, ATM machines, telecom services, smart home solutions, laundry services, and many more. ASM works to improve contract terms, provide new streams of revenue, and help avoid costly renewals.
About Buyers Access
Buyers Access (BA) is the country’s leading provider of customized purchasing solutions, serving more than half a million member units in the multifamily space. For more information, visit www.buyersaccess.com or contact Dan Haefner at 303-991-5577, email@example.com
About Ancillary Services Management
Ancillary Services Management (ASM) founded in 2003, is the premier ancillary service management company whose commitment to its clients is to increase their revenue, save them time, and provide quality services to communities and their residents. ASM offers professionally negotiated and managed amenities and ancillary services, resulting in improved efficiencies and consistency in our client’s ancillary programs. ASM’s newest service is FoliEdge, a web based contract management platform that provides visibility into a company’s service and provider agreements. With FoliEdge, a company is able to organize and manage the information related to their portfolio's properties, agreements, payments associated with those agreements, providers and services. For more information visit ASMadvantage.com, or contact Karen Summers at 866-934-3108 x15.
Buyers Access Hires on West Coast Sales Director
by Michelle N. on 9/10/2018 6:38:00 PM
Denver, Colo., September 10, 2018 – Buyers Access is pleased to announce the addition of Xenia Diniz as Sales Director, located in San Diego, CA. In this new position Xenia will direct all sales activities for the Western U.S., leveraging off her 20 plus years of commercial and multifamily industry experience growing, building and developing client relationships. Xenia has a proven history helping her previous organizations accelerate revenue growth, and should quickly become accretive to the continued success of the Buyers Access sales team.
Prior to joining Buyers Access, Xenia served as a Commercial Real Estate Associate with CoStar Group, where she analyzed commercial real estate data for business and income growth opportunities, and sold, trained and educated clients on CoStar’s commercial real estate system. Prior to CoStar, Xenia served as Regional Sales Manager for Lease Hawk, selling performance management solutions (SaaS) to C-Level executives. Previous positions included Market Sales Manager for RentPath, LLC., and Account Executive for Apartment Guide.
“We are excited to welcome Xenia to our team of procurement experts at Buyers Access. We look forward to her contributions as we continue to expand our presence in the West Coast market,” said Ken Miller, Vice President of Sales, Buyers Access. “With the addition of Xenia, combined with our entire sales team, we now have 100% coverage throughout the U.S. – allowing us to interact with all of our prospective clients.”
“I am excited to be part of a company that provides a service with clear and immediate value but most importantly cares for its team and clients,” said Xenia Diniz, Director of Sales, Buyers Access.
Xenia earned a Bachelor of Science in Business Management and Marketing, University of Phoenix. She also holds a Certificate of Real Estate, Finance, Investments and Development, University of San Diego, California.
About Buyers Access
Buyers Access is the nation's leading Purchasing and Cost Control specialist for the multifamily housing industry. We take an active role as your business partner, and provide full service solutions to help your business maximize the value of your real estate. Since 1986, Buyers Access has helped thousands of properties reduce their operating costs and become more efficient. Through the use of our operational expertise, these properties have added millions of dollars to their real estate value. For more information, contact Buyers Access at www.buyersaccess.com or call 1.800.445.9169
Director of Marketing
Happy Labor Day and Holiday Office Hours
by Michelle N. on 8/31/2018 3:47:00 PM
Friendly reminder we will be closing early today at 3 PM MST and will be closed on Monday, September 3rd. Enjoy your holiday weekend, and remember to be safe!
The Buyers Access Team
Procurement Optimization Webinars Every Tues. & Thurs. @ 11:30am EST. Listen In for Your Chance to Win $500
by Michelle N. on 8/20/2018 10:53:00 AM
Preparing for your regional quarterly meetings?
Pre-planning and budgeting discussions for 2019?
Student Housing Planning – Post-Turn?
Looking for ways to cut product spend and increase transparency?
Join us and learn more about how Buyers Access can optimize your purchasing. Register for the webinar and be entered to win $500 Visa Gift Card.
• Webinars will occur two times a week on Tues and Thurs at 11:30 am EST through the month of September.
• You will receive a calendar invite and your chance to win.
• You must register, attend the webinar, and take a short survey in order to qualify for the drawing!
• You will only get to register for the drawing once and we will announce the winner on September 30, 2018.