Multifamily

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Rental Insurance

Requiring Renters Insurance

It takes more than just cash on hand for first month’s rent and deposit, good credit and an acceptable background check to move into your next apartment these days. Multifamily properties are now frequently requiring new renters to provide proof of renters insurance, too. A recent article from Multi-Housing News focused on the reasons why […]

09 / 25 / 12

Jennie Kirby

As the owner and principal broker of a full service property management firm in Lafayette, Indiana, Jennie Kirby has insight into every sector of real estate in her Midwestern hometown. She and husband Aaron, associate broker, work with all types of real property at Kirby Property Management, from shopping centers to student apartments to single […]

09 / 18 / 12

Career Growth Spurt

Employment survey results from the National Multi Housing Council reveal what apartment industry insiders already know – a strong rental climate nationwide is driving job growth. In other words, it’s a great time to become a multifamily professional, or take advantage of new opportunities to expand your skills, relocate to a new market, or move […]

08 / 24 / 12

training

Training Property Managers

As property managers are increasingly asked to behave like asset managers, their training is taking a unique turn. Third-party management firms and management departments within investment firms alike are coming up with more comprehensive and sophisticated approaches to upgrade their teams’ abilities. One particularly innovative effort is a training facility created by Cooper Square Realty […]

08 / 15 / 12

Keeping renters renting is multifamily's goal.

Creative Retention

Hanging on to the multifamily residents you have is always high on the priority list of property managers. Turning apartments is nearly always a revenue loss, and keeping the tenants you have reduces workload for everyone on the site staff. Getting creative with retention strategies is a challenge for property managers, who must constantly update […]

08 / 14 / 12

Rocking Renting

There’s no arguing that the way renters search for a new apartment has undergone a dramatic, tech-influenced shift, one that is still evolving for multifamily. No matter what your property size, producing results via apartment search, mobile marketing and online leasing is crucial. When it comes to optimizing the online presence of an apartment community, […]

07 / 30 / 12

Smoke-Free Multifamily

A boost to healthy lifestyles was delivered late last month when HUD and HHS unveiled two smoke-free housing toolkits. Working conjointly with public housing authorities across the country, the effort is an attempt to provide healthier homes and to cut costs for maintenance. One toolkit focuses on property owners/managers and the other targets residents. “A […]

07 / 20 / 12

Handling Hoarding

Hoarding has affected multifamily housing firms long before any reality show.  Also known as compulsive hoarding and cluttering, hoarding is the excessive collection of possession or animals. According to the International Obsessive Compulsive Disorder, it is closely linked with obsessive compulsive disorder, a mental illness that affects nearly 3 million people throughout the nation. As […]

07 / 16 / 12

Big Data

Companies strive to better understand their customers and stay a step ahead of their competitors. Various methods of accomplishing these goals have come and gone over the years but none has stirred as much buzz as Big Data. Through such analytics, companies now have the power to explore human-generated data in addition to transactions, market […]

07 / 09 / 12

Fourth of July Door Decor

Tenant Events

Summer is here! Rental communities across the nation have speckled their event calendars with group fitness classes, barbecues, and game nights to entertain youth and adult residents alike. While such events may seem to serve only one purpose—fun!—they can be an important tool towards improving tenant retention. By hosting resident appreciation events on the property, […]

06 / 29 / 12

Young people texting

Wild About Wireless

As the multifamily housing industry booms amidst the slow recovery of the housing market, investors and developers are seeking prime real estate to seize the opportunities presented. To ensure the success of your upcoming project in a market flooded with competition, it is vital to consider even the smallest factors in tenant satisfaction. Today’s renter […]

06 / 25 / 12

student housing construction

Student Housing

Student housing has grown out of its niche sector. More universities are turning to third party firms to meet the needs of increasing enrollment, and multifamily firms have been responsive.The demand for student housing is high – a recent National Multi Housing Council white paper revealed that a 38.7 percent increase in university enrollment over […]

06 / 18 / 12

TGI Logo

Stamping out Smoking

Last week we told you about the growing national trend of apartment communities that are prohibiting smoking altogether, rather than limiting smokers to certain apartments, and have been backed up by legislation in some states that OKs the restrictions. This month, Yardi client The Towbes Group of Santa Barbara, which has multifamily and commercial properties […]

06 / 11 / 12

Young couple buying new home

Talking to the Rentennials

Oh, those hard-to-pin-down, picky renters and their hearts’ desires. Every year, major research and development dollars are spent by trade associations and independent companies to try to figure out what will make renters choose one property over others, pay more rent for certain amenities, and stay on as long term residents. What’s being most closely […]

06 / 11 / 12

No smoking

Shutting Out Smokers

As the multifamily industry moves forward, many firms are choosing to create sustainable housing that also fosters a healthy lifestyle for its residents. Firms select sites with easy access to public transit and bike lanes. Communities receive fitness centers, walking trails, and programming like exercise and yoga classes. Many of these health-related amenities welcome residents […]

06 / 04 / 12