Resources

October is Fire Safety Month in Multi-family

The month of October brings about some of the Fall seasons best comforts, as the leaves turn and the temperature drops. This can mean more pumpkin spice latte’s, or s’mores nights, social gatherings over delicious home cooked meals, and maybe throwing a few logs on the fire place. With the increase in heating and cooking…

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Refuse and Paint Expenses- Budget Edition!

This edition of the Buyers Access® budgeting series takes a look at two of the largest recurring expenses a property realizes in monthly operations; waste disposal services and property painting requirements. Here we will review some of the most complicated issues faced by management companies within these two categories and explore solutions that Buyers Access®…

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All About Ancillary Income – Budget Edition

Ancillary income, as it relates to multi-family housing, is revenue generated from necessities and value-added services offered to residents. This income category is designed to increase opportunities and can range in diversity across markets. Ancillary income should be accounted for when projecting budget numbers for the next fiscal period, typically year over year. Below we…

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Bidders Access and Capital Projects for Budget Season

Capital projects are typically larger expenditures planned in advance by management teams in the multi-family industry. Without needed organizational systems in place for bidding projects, along with a comprehensive understanding of scopes required to complete the repair, comparing bids from various vendors can be a painful and time-consuming task. In this edition of our focus…

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Budget Season is Upon Us!

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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Prepare for your Property Inspection!

You are sitting in your office and all of the sudden you get the email…your annual inspection is coming up! What do you do first? Managing residential property on behalf of property owners is a big responsibility. Protection and preservation of the asset, along with minimizing liability and associated risks, should always be at the…

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3 Reasons to Convert to LED

Property utility expenses have become a line item on budgets that has been getting more attention in recent years. Causes of this attention include a rise in environmental concerns, focus on tighter cost controls when selecting fixtures for use in multi-family buildings, and studies showing significant time and cost savings by reduction of bulb replacements.…

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Are you prepared for emergencies?

How prepared are you? Inclement weather and other natural disasters are better braved with a plan and preparation rather than spur of the moment actions. The past several years has exhibited many challenges in the form of natural disasters for the multi-family management industry. This leaves us asking, “What are some things we can do…

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4 Things You Should Do for Your Property Pools, Now!

The sun is shining, the weather is heating up, and in the world of multifamily most of us know this means two things: air conditioning calls and pool season. Buyers Access™ purchasing program and dedicated team members are committed to assisting our clients, and the industry, in opening and having a happy and safe pool…

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Wilmar’s Fire Safety Tips for Your Multifamily Property

Multifamily properties pose a large fire safety risk due to the number of residents living under one roof. Wilmar has the supplies and information you need to help maintain a safe environment. Fire Extinguishers When a fire breaks out at a property, those inside have mere moments to act. It takes fewer than 30 seconds…

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