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The Benefits of Vertical Integration

The Benefits of Vertical Integration
If you were to ask my take on vertical integration in an apartment company, in a nutshell my response would be something like this: "If done correctly, the benefits are enormous. But you have to do it for the right reasons. Otherwise, it's easy to mess it up." Over the years, I've seen too many apartment owners create their own property management and construction divisions for the wrong reasons. Maybe they simply want to be able to tout their vertical integration to help them raise big money. Or perhaps they're just focused on maximizing the revenue streams these entities may create.  If you're an owner with these motivations, I'd strongly recommend against launching an in-house property management and/or construction company. The chances are, things will go wrong before they go right.  But if your focus is on building in-house divisions with the proper expertise and experience in place to optimize the performance of your own portfolio, then you and your investors can reap significant benefits from vertical integration.  For starters, when you have your own property management team running your apartment communities, they're bound to be extra motivated to do all they can to boost property performance and the bottom line. Plenty of third-party managers out there do great work – I'm not saying they don’t – but a fee manager's compensation structure might not necessarily result in them doing everything they can to maximize a property's revenue and performance. Stated another way, you're (hopefully) going to look after your own child......
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#TreatYoTalent!

#TreatYoTalent!
Think about the last time you walked out of a store due to poor service. Was the employee helping you a grouch? Unhelpful? Due to employee dissatisfaction, you, the customer, ended up dissatisfied as well. Some people can power through a bad work environment, true, but ultimately if your employees aren’t happy, then chances are your customers won’t be happy. How do you fix this? One of the best ways is to stop treating employees simply as ‘employees,’ and seeing and engaging them as the talent instead. It’s not that hard to do and can be as simple as treating your talent with dignity and respect. Here are some tips to help the talent feel more satisfied. More open space. No matter how many anthropomorphized animal movies you see, animals people are not, so don’t cage them up. Cramming too many cubicles in one space creates the feeling of cattle trapped in a pen. And with too many chatty co-workers, it can sound like one too. So give your talent room to breathe, think, and move around. When they feel free, their mind will be free to function at full capacity. Break Rooms. Everyone needs to get away from their desk at some point, and it’s recommended you move around every hour1 to decrease chances of obesity and to keep up mental and physical health. So having a break room with a pool, ping pong, or foosball table gives your talent a place to go to and decompress before they get overwhelmed. Employee Perks. While I’m still discovering what exactly the perks are o......
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Give 'em some sugar

I am planning an 8 hour flight to Europe.  As many of you know I have a 3-year old, who is awesome, but she is still a 3-year old, so the planning that has to happen before we embark on this adventure which is truly a 16 hour flight (round trip) is extensive.  I also have an amazing supportive partner who is not a fan of flying so add to my drama (I digress).  So in planning for this adventure I have loaded up on sleep pillows, compact games and books for the little one and a eye mask - which leads me to this posting.  I ordered the eye mask (along with a few other goodies), and sat and waited for the much anticipated, "we've shipped your order' email that Amazon suppliers provide.  So, 2 days after the order placement it arrives and how surprised and excited I was to get a little bit of sugar with my order!  Below is the email: Your Sleep Mask order has just been shipped as you asked.   I think you will love it. When you receive it, please pay attention to the instructions for use.  It works by far the best if you flip the nose flap inwards and upwards. We provide a full satisfaction guarantee.  If you have any concerns with delivery or with the Sleep Mask itself after you get it, please let me know, and I will ensure it gets handled. I have attached a bonus eBook - Sleep Naturally......
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