The next few months in multi-family management will be the busiest time of the year for many properties. The summer months typically include an influx of residents and prospects searching for new homes, a higher number of expiring leases up for renewal, employees cycling through vacation time, increased HVAC maintenance calls, and its swimming pool…
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Navigating the “pre-NTV” & turnkey process, together!: Renewal Series Part 2
In part 1 of this special renewal series, we examined how to forecast as accurately as possible for upcoming...
Read MoreHow to renew more residents, project occupancy, and navigate uncertainty – Renewal Series, Part 1
How do you project future rent trends with the pandemic’s anomaly influence on the multifamily industry? Can you properly budget for your future turn expenses and maintenance costs associated with turnover without a clear picture or access to the soon vacant unit? Delinquencies nationwide are higher than typical and recapturing funds is important, but other…
Read MoreCommunicating in socially distant times featuring Courtesy Connection
Social distancing has become a familiar concept as the recent pandemic threat continues to effect communities world-wide. Defined by the CDC as, “keeping space between yourself and other people outside of your home”, the 6-foot recommendation is strongly encouraged to prevent further spread of illness. This and other health and safety recommendations have created an…
Read MorePet-Friendly Upgrades!
Earlier this year, the National Multifamily Housing Council released it’s “2020 Apartment Resident Preferences Report,” and the results solidified what has become a known fact: our residents LOVE their pets! That’s right, just as suspected, residents will often compare properties pet-friendly perks when searching for their new home, and it could make or break their renting decision…
Read MoreRent Growth VS. Expense Optimization – How do you measure up?
Another great way to drive NOI – rent growth alone is so 2019! Pushing rent increases to drive NOI and relying on income alone sooner or later will take a back seat, and expense optimization will again prevail as the industry cycle moves towards economic slowdown. Multifamily management firms that stay ahead understand that NOI…
Read MoreBehind every successful property: Account Managers of Buyers Access
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…
Read MoreNational Recycling Day – State of Recycling and Multifamily Real Estate
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…
Read MoreCold, Flu, and You: Promote Wellness this Season
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…
Read MoreThings You May Not Be Doing to Optimize Your Budget in a Purchase
There are several things to consider when purchasing products and services for your property. It is a fine balance to ensure that these purchases achieve a positive investment and do not generate losses for the organization. However, sometimes we may not know what product or service is best for our properties or how to manage…
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