Digital: the key to success
In the world of property management, localization is essential. COVID-19 has pushed the property management industry to move to digital and local, and that change happened nearly overnight. In the early stages of the pandemic, in-person...
Modernizing the parking experience
Due to the pandemic, the world has rapidly changed and industries are looking for ways to adapt their revenue strategies to meet the evolving needs. With rent prices dropping, down 10 to 20 percent...
Why Biden’s plan to help make housing affordable will make it more expensive
Because the 2020 election was largely a referendum on President Donald Trump, many of Joe Biden’s policy proposals have been overlooked until now. The recent announcement of some of his cabinet picks shows that...
Suburban rise
Desperate landlords now offer as much as three months free rent to potential renters at new, Manhattan apartment towers. “There is a considerable amount of pain—20 to 25 percent declines in effective rents,” according to...
That upon which you focus, becomes your reality
A ship once found itself lost at sea. After a time, the crew’s drinking water ran seriously low. The parched sailors were certain they would die until, miraculously, another ship came within view. The distressed...
Renters on the edge
Despite the chaos caused by the coronavirus, professional property managers are still getting rent checks from most resident. It may be a sign of the times, but apartment experts are happy that most renters are...
Knocking the rust off the Rust Belt
Investments into one of the nation’s poorest zip codes in the Rust Belt are fueling an historic preservation and mixed-use redevelopment project on three blocks in Erie, Pa.’s downtown core, setting a national standard...
Virtual inspections: Protecting asset value
Unsurprisingly, COVID-19 is pushing an increasing number of multifamily lenders and owners to conduct property inspections virtually. Industry giants like Freddie Mac today deploy them on a widespread basis, leading many in the multifamily...
Digital weapons in the apartment amenities race
The amenities arms race. That is what the real estate industry loves to call the escalating level of services offered by apartment buildings. For decades in the country’s hottest luxury rental markets, property owners...
The next generation of office communication tech
Most knowledge workers in 2020 are familiar with mixed reality tools like Zoom, Teams, and Slack that enable them to meet in virtual locations. By merging real and virtual worlds to produce new environments,...
Resilience in the new normal
Emerging from the pandemic, tomorrow’s successful businesses will make themselves more resilient to unexpected crises. They will intensify the use of digital technologies in cloud computing, cyber security, cognitive and artificial intelligence tools and...
Smart trash planning
Improve the profitability and safety of multifamily facilities with a well-designed trash and recycling area. Waste disposal isn’t always top of mind when designing multifamily facilities, but properly configuring disposal and recycling areas and investing...
Future features
The home has always been important, but it’s safe to say that this year, the significance of the home is greatly increased. A residence is now everything—a home office, a home gym, a safe...
Understanding cash controls for HUD-assisted multifamily properties
When I first explain responsibilities under the Department of Housing and Urban Development’s (HUD’s) multifamily programs, I start by noting that a mortgage loan borrower, an owner, and a property manager are also non-procurement...
Antitrust isn’t the solution to America’s biggest tech problem
For months now, the drumbeat for reining in Big Tech has been getting louder. Critics have suggested solutions from breaking up Facebook and Amazon to regulating social networks and search engines as public utilities. This...
