Automated multifamily vendor payment processing is rapidly turning into a significant source of cost and labor savings for PMCs. Sweeping trends and advances in software—including accounting—are pointing the way to a faster, easier…
Affordable compliance is a tricky dance when you have vacant units that are not bringing in rent. On one hand, getting people in quickly stops the bleeding and helps address a desperate backlog of housing requests. On the other, recklessly qua…
COVID-19 upended the property management business model overnight. From mid-March on, leasing agents worked from home, the economy shut down, and apartment residents holed up in their units. But property managers adapted quickly to keep the bu…
We have long known that the Affordable Housing crisis is an uphill climb to bring housing relief to those who are financially vulnerable. What we could not have known was that the events of 2020 would make that climb even steeper. There was (a…
Today, most PMCs rely on rent comp data from call-arounds and websites to help decide on pricing, build forecasts, and create strategies. But how accurate are rent comps? Not very, it turns out.
There can be a huge gap between what’s ad…
As the COVID-19 situation continues to evolve, multifamily properties are grappling with the thorny issue of reopening community spaces. They are in the process of returning to normal in apartment operations, but it looks like a very different…
As the COVID-19 situation continues to evolve, multifamily properties are grappling with the thorny issue of reopening community spaces. They are in the process of returning to normal in apartment operations, but it looks like a very different…
Employee retention is an imposing challenge for our times. Turnover in the multifamily industry is at 32.7%. The COVID-19 crisis has put this issue front and center as property management companies have worked to keep employees engaged, connec…
The business forecast for the multifamily industry is cloudy. The winds are changing at a supersonic pace. We all know why: COVID-19 has basically obliterated all expectations for 2020.
Today, if you don’t know how you stack up against …
Proven multifamily screening techniques are essential today, but should rental screening criteria change due to COVID-19?
Yes. And with some special sauce for good measure.
During normal economic conditions, the apartment industry routinely …