Hey Multifamily Fam! Looking to see what some of the small to midsize PM companies out there are charging as "Fee for Service" platform items (thinking DD, marketing audits, micro/macro market surveys, ancillary leasing, etc.) Looking to compare some of the pricing items that we're getting bids on.
Thanks in advance, everyone!
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I read a quote somewhere that said ‘Your job might be special and a privilege, but it’s not what makes YOU special’!
Somewhere, over the years, I have realized that it is not healthy to have so much of our self worth tied up in something, like our job, that is essentially a means to an end ~ it is not WHO we are!
KNOW that your job is NOT your reason for being. KNOW that you have value with or without a job! Let's all learn to live in the...I read a quote somewhere that said ‘Your job might be special and a privilege, but it’s not what makes YOU special’!
Somewhere, over the years, I have realized that it is not healthy to have so much of our self worth tied up in something, like our job, that is essentially a means to an end ~ it is not WHO we are!
KNOW that your job is NOT your reason for being. KNOW that you have value with or without a job! Let's all learn to live in the moment & do our very best, do what we love ~ because that’s all any of us can really ever do.
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I am about to take over a new community that is 50% studios between 400-500 sqft. I would love to hear any ideas/suggestions on getting these leased up! Thanks all!
The privately owned company I work for has not changed quarterly bonus structure in many years & I’m curious what others are doing. Currently our company gives a flat bonus to Community Manager & Leasing Manager when NOI goal is reached. Does not give commission on new leases & renewals or to...
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Apartment Branding for Faster Lease-UpsWe've probably all heard at some point "Build it and they will come." But that little phrase carries a lot of questions with it: What should I build? Who will come? And how quickly will they come? It's just a phrase—but we'd like to offer as an alternative: "Brand it, and they will come faster!" In the multifamily industry, apartment branding hasn't always been the priority. Apartment communities are built o ...
Sometimes when i can't sleep I'll play around with AI. Tonight I asked for a winter preparation checklist, and figured I'd share:
Preparing a multifamily apartment building for winter is crucial to ensure the safety and comfort of residents, as well as to prevent potential damage. Here’s a...
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Rents have reached an all-time high, and budgets seem tighter than ever. Payments to vendors like myself are being delayed, with many clients taking 60-90 days to pay. This makes it challenging to run a business and pay employees. Is anyone else facing this issue?
Sometimes the best acquisition opportunities aren't always where the crowds are–it's in the overlooked, the underestimated, and the emerging. While focusing on quick wins and familiar territories offers some stability, the most visionary investors see beyond high-level trends to uncover the next wave of high-growth residential markets. For those willing to dive deeper and align their investments with long-term trends, the rewards can be tra ...
Smoking and housing policies often intersect in ways that raise questions about resident rights and property management responsibilities. One common point of confusion is whether smoking or nicotine addiction qualifies as a disability under the Fair Housing Act (FHA). While marijuana use for medical purposes introduces its own complexities, this article will focus specifically on cigarette smoking and how the FHA applies in these cases.What ...
Return on Investment (ROI) isn't just a finance metric; it applies to life decisions as well. It measures the return on a particular investment, considering factors like the initial investment, upkeep, and results. What if we approached all life investments with the same dedication to securing a positive return as we do with our financial investments? Consider where your investments are - in your career, family, friends, or hobbies. Are they...Return on Investment (ROI) isn't just a finance metric; it applies to life decisions as well. It measures the return on a particular investment, considering factors like the initial investment, upkeep, and results. What if we approached all life investments with the same dedication to securing a positive return as we do with our financial investments? Consider where your investments are - in your career, family, friends, or hobbies. Are they yielding the returns your desire or are changes needed? Show more
Trying to understand a concept.....
We are highly occupied (95%), but we have a few apartments absolutely not moving due to terrible views. They are still HIGH PRICED and ownership will absolutely not drop rates due to our limited availability. Why would an ownership group prefer to keep rates set...
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Within the multifamily space, an abundance of opinions exist with regard to what most drives resident satisfaction and NOI. From the latest amenities to cutting-edge smart technology, owners and operators are trying it all. However, one growing-in-popularity tactic to improve the overall operations of a community is the implementation of a resident rewards program. The Numbers Speak for ThemselvesA Domuso survey administered at the 2024 NAA Apar ...
Property management companies constantly look for ways to differentiate themselves while providing a seamless resident experience. One of the most effective strategies to achieve this is through white-label solutions. A white-label platform allows property management companies to rebrand an existing software solution, offering it to their residents as their own. This approach enables property managers to deliver a customized, branded digital expe ...
A new handicap person rented a condo in our building. We have a handicap space across the street and at the next building up from us. This renter requested a handicap space be made available to her in front of our building. It will not be assigned, so anyone with handicap tags/plack will have access...
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