Posts by: Jeffrey Steele

Green Growth

Can Financing Keep Up?

A green groundswell grips the multifamily industry, influencing everything from building materials to construction standards and certification systems. Green financing is no small part of this trend. As sustainability becomes further embedded in the multifamily sector’s fabric, so are the capital sources available for environmentally responsible upgrades. Both investment and commercial banks are increasingly entering […]

Energy

Energy Storage

Promising New Technologies

Though energy storage is a relatively new addition to the property operations toolkit, it offers vast potential. Battery systems have demonstrated multiple ways to enhance sustainability, cut costs and supply reliability. A key tactic is load shifting, the process of obtaining power during off-peak hours and storing it for use during costlier peak hours, noted […]

People

Stephanie Williams

President, Bozzuto

Bozzuto Management Company President Stephanie L. Williams was recently recognized by the Washington Business Journal as one of the top 25 minority business leaders in Washington, D.C. One of the co-founders and co-champions of the Bozzuto Diversity and Inclusion program, which strives to cultivate diversity at every level of the company, Williams has strongly held […]

People

Oakmont Senior Living

A stellar senior standard

Many couples would deem themselves successes to have raised five children. Bill and Cindy Gallaher not only did that, but also founded and built senior community developer/builder Oakmont Senior Living in Santa Rosa, Calif. For good measure, they also founded an international adoption agency. Married for more than 41 years, the Gallahers brought two daughters […]

People

Meet the Fifields

A winning real estate duo

When Steven and Randy Fifield discuss what sets their company apart from its competitors, they often use a hockey analogy. They speak of being able to “anticipate where the puck is going,” as Randy Fifield says. It’s a fitting metaphor to describe the couple whose companies, Chicago-based Fifield Companies and Los Angeles-based Century West Partners […]

News

Special Delivery

Managing Packages

More than 37 million U.S. apartment residents receive enormous numbers of holiday packages every year. A load that large requires more than mere tracking numbers. For that reason, one in four apartment communities use specialized software to manage residents’ packages on site. These are among the findings from the National Multifamily Housing Council (NMHC) and […]

News

Managing Turnover

Anticipation is vital

For most property management companies, how well resident turnover is managed is a huge part of the profit picture. There’s no more critical component in managing turnover than simply and effectively anticipating those turns. Apartment buildings anticipate a 50 to 60 percent renewal rate, says Trudy von Keudell, property manager at Coast at Lakeshore East […]

Technology

Easier Invoicing

Automate for increased efficiency

Invoice processing services also help property managers monitor costs in several ways, says Brad Chandler, industry principal with Santa Barbara, Calif.-based Tech Choice Award winner Yardi Procure to Pay. Since invoices are digital, Chandler says, property managers can view them at any time without needing to search across various desks to assess property budget impact. […]