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We have a program that you may be interested in . We are targeting $10mm + projects for both redevelopment and ground up construction opportunities. Below is a quick summary . Please keep in mind these are just guidelines, and there is flexibility and terms are subject to change on a deal-by-deal...
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Whenever I take on a new property, I have a mental list of things to tackle. Then I start and have training so for days the list just grows and grows!As a new manager, you need to learn every job you manage in the office and it starts with leasing. I should be able to fully step into a leasing role at any given time.I am a fan of training binders and, if I don't have one when I go into a new property, I make them when allowed.My goal is simple. M ...
Lease Up Community in Dallas seeing A LOT of fraudulent applications, any recommendations as to how to mitigate this?
I'll admit, when I first heard the expression, 'turning around a property', I immediately envisioned Dorothy's house spinning in the wild Kansas winds in The Wizard of Oz. I quickly learned that although not completely accurate, I wasn't too far off! We hear this expression often in property management, usually from ownership and or upper management and typically on more challenging properties. But what does it really mean to turn a pro ...
In the fast-paced world of multifamily real estate, staying ahead of the curve is essential for success. To ensure your multifamily revenue management strategy is not only relevant but also resilient to changing market conditions and evolving regulations, it's time to embrace the systems of the future.Understanding the Multifamily LandscapeMultifamily executives and leaders are well aware that the market can be unpredictable, and regulations can ...
It's October, which means it's officially spooky season! (But it's not holiday season yet. Are you listening, my neighbors who just put up your Christmas lights?) This also means that it's the perfect time to start planning some Halloween events for your residents. And, sure, you could just put out a bowl of Reese's peanut butter cups and call it a day, and everyone would be happy. Ecstatic, even. But why no ...
In the fast-paced realm of property management, the pursuit of efficiency is paramount. Property managers constantly strive to reduce cycle times, enhance overall productivity, and provide top-notch services to tenants and property owners. 1. Embrace Technology for a Digital Transformation:a. Property Management Software: Modern property management software is a game-changer. It not only automates routine tasks but also provides a centralize ...
Mmmmm ~~ this could be a problem! 😯
not a problem, just a quick death
Legacy pricing & revenue management systems changed the multifamily industry. Now, with almost 25 years of learning, it's time for more contemporary approaches that reduce the total cost of ownership, improve acceptance and are more flexible in adapting to recent and future changes in the multifamily pricing arena.Here are 10 questions you should ask when evaluating pricing & revenue management software. To get our comprehensive PRM ...
Branding apartments in alignment with the multifamily property class designation just makes sense. For example, do you think if one (very lucky) ad agency worked with Nissan and Mercedes-Benz they would try to sell them on the exact same branding package? Do you think Nissan has the same branding budget, needs, and goals as Mercedes-Benz? Sure, they might be similar in breakdown, but there's likely a fair difference between their bottom lines and ...
What are the options when a tenant causes a catastrophic loss? Is there any option to go after them for damages?
Whether you collect or not who knows.
Say a resident left water running and flooded units. They were negligent. Your insurance would or should pursue recovery.
A kitchen fire might be harder to prove negligence.
The property can only go after the deductible.
coverage. Premium is added to monthly rent.
As we navigate an unpredictable landscape, many multifamily owners and operators may wonder if adopting smart technology makes sense for them right now. Whether the market is thriving or faltering, Proptech remains one of the most reliable investments owners can make to elevate their property's performance and retain a greater share of residents. In fact, a Park Associates study revealed installing Proptech into a multifamily community increases ...