multifamily

What Owners Want Out of Property Management Has Not Changed

What Owners Want Out of Property Management Has Not Changed

As markets and technologies evolve, and also tenant expectations shift, rental management teams need to keep the demands and priorities of property owners in mind. Are those priorities changing along with technology? What fresh benchmarks or performance indexes do owners put their attention on now?

Jeff Olshan, SVP-Asset Management in Passco Businesses, claims that benchmarks might not be shifting as far as people think. Technology improvements, however, are only the tool utilized to accomplish the outcome desired by owners. Owners are searching for performance. The most important thing is maximizing profits from their rentals. That will never change. As a 3rd party property manager, your job will always be to figure out how to maximize an owner’s profit while maximizing your own.

Urban and Suburban Lines

Urban and Suburban Lines

As time passes, the square footage of single-family home and flat houses shrinks and expands to adapt to the market’s economic needs. Land values rise and fall according to regional growth and job migration. Through each of these modifications, town planners have delineated places within larger metropolitan areas as suburbs and cities. Now, there's a new dynamic - the slowly disappearing line between suburban and city land lines.

Multifamily Borrowing Increases, Amazon's Grocery Domination with Whole Foods, Facebook Rental Listings, and a Legal Q&A

Multifamily Borrowing Increases, Amazon's Grocery Domination with Whole Foods, Facebook Rental Listings, and a Legal Q&A

Fortune just released an extensive piece outlining how Amazon plans to use Whole Foods as the gateway to being the everything store. Jeff Wilke of Amazon flew into the Whole Foods headquarters in Austin on the day that Amazon announced its acquisition of Whole Foods. He started by speaking to the corporate employees about his breakfast that morning and made an unintentional slip calling his morning blueberries a vegetable.

Property Manager Daily Update: How Jeff Bezos Makes Decisions and Women in RE Investing

Property Manager Daily Update: How Jeff Bezos Makes Decisions and Women in RE Investing

Forbes recently published a piece that confronts the hard truth about real estate investing, "it has always been a men's club." The uprising of recent Fintech companies changes that landscape. Women have been equally engaged in RE crowdfunding platforms and these platforms have especially opened up opportunities for women of color. As we see successes from these women in the crowdfunding space, we may eventually see a shift in traditional home investing so that it is no longer the "men's club" and instead becomes the "everybody club."

Property Manager Daily Update: Save Money on Maintenance, Communicating with Contractors, and Retail Gains

Property Manager Daily Update: Save Money on Maintenance, Communicating with Contractors, and Retail Gains

 Larry Alton gives us 4 tips to save money on maintenance during a turnover. You need to focus on cash flow as a property investor. That means getting through turnover maintenance fast so your unit isn't sitting vacant. Here are the 4 tips he gives:

Property Manager Daily Update: Getting to 4000+ Doors, "Build-to-Rent" at All Time High,

Property Manager Daily Update: Getting to 4000+ Doors, "Build-to-Rent" at All Time High,

In order to meet skyrocketing rental demand, investors are building single family residences. Development increased by more that 6% since last year, totally more than 36,000 houses for rent in 2017. This is the largest number of “build-to-rent” houses completed in any year for at least the last 14 years.

2018 Multifamily Benchmark Report

2018 Multifamily Benchmark Report

In this post, I summarize the key learnings and metrics taken from Grace Hill's annual property management industry report. If you manage any multifamily property, the below analysis gives an overview of how other companies in the industry perform. 326 property management companies were surveyed and are classified into three groups shown to the right. 

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