Benchmarking utilities has become a way of life in multifamily.
Not long ago, the EPA introduced its Portfolio Manager, a repository for a commercial property’s utility consumption data for benchmarking. By 2014, the arduous task of es…
Each year, the Department of U.S. Housing & Urban Development offers incentives that are essential to the survival of many affordable housing communities.
Grant programs and claims processes provide “revenue” for an industry w…
The U.S. apartment market continues to chug, but in moderation compared to much of its nine-year run. Some markets have softened, sparking some give and take in operational strategies.
When markets soften, the focus naturally turns from rent …
How many times do your residents see the leasing staff compared to the maintenance team? Think about it. Before online payments, leasing office staff could count on seeing a resident up to a dozen times a year, at least when the rent was due. …
It never hurts to ask. Just ask Mary Nitschke. Prometheus Real Estate’s director of ancillary services picked up the phone one day and called a rebate program administrator to explain an energy upgrade on a renovation for a 766-unit prop…
Imagine a world where a prospective renter finds an apartment online, hops into a car and drives to the community to take a look around. But this home hunter detours the leasing office and walks, unaccompanied, into a vacant apartment to see w…
A growing number of retail, entertainment, and travel outlets are turning to self-service checkout kiosks for their customer service needs. For many businesses, kiosks have the ability to enable customers to make their purchases or check …
The recently passed Consolidated Appropriations Act of 2018 provides Affordable property owners and operators an additional Low Income Housing Tax Credit (LIHTC) for federal Set-Aside – Income Averaging. It comes with a new set of compli…
The Yield Awakens at RealWorld 2021!
The multifamily industry’s premier event takes place live and in-person July 11-13 in Nashville –just as it reemerges from COVID and its critical repercussions.
The sun is shining brighter, st…
Just as multifamily portfolios market apartment’s amenities and conveniences, sustainability is getting some of the limelight. Websites and other collateral show how properties are making lasting, green impressions through eco-friendly e…