As a broker in the commercial real estate (CRE) industry, you may have questioned whether public speaking is really necessary for your job. Yes, in a nutshell, and it's a skill that can greatly influence your success. I shunned public speaking for years. I would turn off chances to speak and give the platform to someone else. However, after I made the decision to say "yes," I found that the advantages greatly exceeded the initial difficulty.I mad ...
December is a magical time of year where everything at the mall is glittery, there are new cookie recipes galore and you are practically required to cozy up on the couch with the fluffiest blanket available and watch your favorite holiday movie. (And, yes, Die Hard counts. It's 2024, and we're not going to have that debate anymore. It's not even that great. Give me Home Alone any day.)It's also a great time to ramp up your marketing and let ...
Does anyone use the Brothers brand HVAC systems from Chadwell Supply? Looking for pros and cons from experience.
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Just found out my property is under contract and due diligence starts soon. This is my first time going through this (I’m a community manager)
What are some things I should expect? What are questions I should ask my current company and questions for the new company should they interview me to stay if everything goes as planned?
This is the fourth in a 9-part series of “quick hit” blogs on the quickest way to uncover hidden revenue from leasing based on the presentation Bryan Pierce, Carol Enoch and Donald Davidoff gave at NAA’s 2024 Apartmentalize conference. Into the home stretch of this series, let’s talk about the misuse of $0 amenities. We talked in an earlier blog about using $0 amenities when all the units in a pricing group have the same amenity, ...
Been in the business with one company for 25+ years and know the ins and outs of my company. My adult son is applying for an apartment and as part of the application process he is being asked for his social security card - this is not a practice with my property management group- is this a normal request with any of yours?
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Think of it in terms a lender will ask same information and as a renter you are essentially a short term hold of occupancy rights and pay to management. Make some sense? Ex 40+ years in business
This is the fourth in a 9-part series of “quick hit” blogs on the quickest way to uncover hidden revenue from leasing based on the presentation Bryan Pierce, Carol Enoch and Donald Davidoff gave at NAA’s 2024 Apartmentalize conference. Our turn to “fail” #6 is perhaps the most pernicious of all the ones we see because this one is usually at best a complete misunderstanding of how amenity pricing should work; and, at worst, it’s i ...
As a broker in the commercial real estate (CRE) industry, you may have questioned whether public speaking is really necessary for your job. Yes, in a nutshell, and it's a skill that can greatly influence your success. I shunned public speaking for years. I would turn off chances to speak and give the platform to someone else. However, after I made the decision to say "yes," I found that the advantages greatly exceeded the initial difficulty.I mad ...
What does your Christmas bonus structure look like?
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And I’ve also had black out dates from December 1st till the end of the year with no time off, and no bonus lol.
Now, the company that I work for gives one weeks pay.
We have assets that are in markets where residents can REALLY take a toll on impacting the condition of units and though we bill up on their ledger, they don’t pay final balances anyway and security deposits are a fraction of the damages. Does anyone have a solution that worked to help offset these expenses? Is there a better renters insurance that we can get better restitution from? Any ideas are appreciated!!
Im not familiar with various deposit insurance products as I never worked with any so I cant give a recommendation but hopefully someone else can!
While there are outliers in every market / demographic. If you move up in quality of the housing we've found:
1.). Places are treated with more respect
2.) People are generally more respectful to us
3.) Damages that are repaired while in situ are recouped easier with less contesting
4.) Easier to maintain the equity of the assets
The one exception we found in some cases is they will fight charges after move out a bit more.
Again these are all painted with a broad statistical brush, but that does equate into actionable reality when applied at scale.
To answer your question directly though you can increase their willingness to pay by inspecting regularly and doing any repairs for... Show more
I have added a budget line item “additional make ready” which was peeled off the revenue. We took a hit on margins, to cover the expense. This forced the property to push rents a little harder.
I also automatically deducted $150 to $250 from the security deposits for cleaning. Yes, it’s legal - when worded correctly.
I also examined ways to cut the “turn” expense. Upgraded paint that could be washed. Removed disposals. Vinyl flooring.
Larger security deposit
Pass the cost down to the root cause.
I have an Active 55 property with two DIY rooms in the plans. There is no design concept other than built-ins from construction. Anyone have one they can share photos of. Any do's or don'ts when planning the space? Photos of one of the two spaces still under construction.
Basically, a place active adults could come and socialize over activities.
Also surfaces that are safe to cut on, hot glue on, draw/paint on since all that could spill over or bleed through
Tune up shop for the army of Pickleball players??
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22 JanEvent starts in:
