Budget forecasting is one thing that many portfolio managers don’t often relish. Investors demand to see how expenses are tracking with the budget, requiring operators and third-party managers the often arduous task of crunching numbers and looking into that crystal ball.
You might relish getting the be-jeebers scared out of you this time of year, but operating an apartment community shouldn’t be such a bloodcurdling thing.
In many instances, just the thought of reaching full occupancy and dealing with the day-to-day business of maintaining such a huge asset can spin the heads and cross the eyes of onsite managers. And just when they think they’ve outmaneuvered those zombies giving chase, there is plenty more out there to send a shiver up their spines. (more…)
There is a big stink going on in the U.S.
Stink bugs are becoming a growing problem in homes and in the agricultural industry, and they are making their annual migration indoors with the arrival of fall.
Like other pests, stink bugs seek shelter in homes and other structures when temperatures cool. Once inside, the critters will hide in out-of-the-way places and be a nuisance to residents, says the National Pest Management Association (NPMA). (more…)
Americans are more in tune with their snack cakes than fire safety.
A survey conducted by ORC International on behalf of Kidde Fire Safety reports that almost five times as many Americans know the shelf life of a Twinkie over the recommended operating life of a smoke alarm. Thus, your residents might be making more of an effort to rummage through the cupboard than checking perhaps the most important safety feature in the home. (more…)
Growing consumer confidence in store brands is adding fuel to private label manufacturers of building products. But the true test is how well the products stand up to more well-known brands in terms of reliability, while also fitting in with the current trends. (more…)
O’zapftis’! The keg is tapped!
If that phrase is heard inside your property, there’s a good bet its coming from a home brewer. Home beer making is gaining in popularity and may very well be happening at your properties. (more…)
It’s no secret that pet-friendly housing is becoming more and more desirable. The local shelter is the perfect place for your residents to find dogs of every type, size, age and personality.
October is the beginning of Fire Safety Month. Are you prepared for the worst?
In 2012, fires caused 83 percent of civilian fire deaths in homes that included single-family dwellings, according to the National Fire Protection Association (NFPA). The American Red Cross says that only 26 percent of families have actually developed and practiced a home fire escape plan. That, says one insurance provider for the rental housing industry, is way too low and property owners and managers should begin encouraging their tenants to develop and practice escape plans as early as possible. (more…)
Home landscaping is becoming a little more square and a little less shaggy.
Smaller garden-style homes with small outdoor areas are an opportunity to offer a new, crisp look and reel in those natural, cluttered landscape styles that have been in style in recent years. (more…)
In this article we begin to explore the probable impact of “domotics” or Home Automation and the Internet of Things to the rental home industry. (more…)