Posts by: Paul Bergeron

Rents Drop, Prompting Concern

Industry insight from Yardi Matrix

When you think about a 0.3 percent drop in anything it hardly seems like a big deal. It’s just 3 pennies on every 10 dollars. If you are an apartment operator and that reflects the national average on rents for May compared to April, some would figure it’s something not too difficult to make up. […]

News

Unusual Impacts

Of the COVID-19 crisis

Trash volume at apartment communities during the COVID-19 crisis are showing a 30 percent to 35 percent increase nationally, according to Camden Residential, a REIT that operates 165 properties across the country. Its Director, National Purchasing, Rick Pippin says everything except for cardboard has increased. And although residents are certainly ordering plenty through Amazon, he […]

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Better Together

Industry Addresses COVID-19

When the COVID-19 calamity began to wreak havoc on daily apartment operations about a month ago, Jamin Harkness, CAM, CAPS, Executive Vice President, The Management Group, Atlanta, knew it would be something he couldn’t handle on his own. With everyone involved in property management putting out their own fires – mostly the same crisis’ he […]

People

Smarter Acquisitions

Avoiding Nasty Surprises

Shrewd apartment owners understand that the greater financial value in an apartment transaction can be had during the acquisition—not the exit. Industry veteran Ian Mattingly, President of LumaCorp in Dallas, speaks from experience. He is part of a management team that carries more than 90 years of investor experience when it comes to applying due […]