What is your business model in multifamily? Can you express it in a few short sentences? What would occur if you blew up your business model? Is there a better way to do what you are doing? Are you keeping pace with best practices?
I would like to invite you to join a free thought-leadership PowerHour webcast on Tuesday August 26th at 2:00 p.m. Eastern/New York time—with a focus on How To Read A Rent Roll—Chapter 8, pages 107-116. This lively discussion will focus on Chapter 8 from the book, How To Read a Rent Roll. This LIVE, fast-paced […]
Why are potentially valuable assets left to fall back into the sand? There are a myriad of reasons, of course. Following are the categories that most often result in assets looking like they’ve been beat with an ugly stick.
The property management business is fragmented to the nth degree from ivory tower suits to grandma acting as manager of her four-plex with three paying residents. Following is a reminder about small tools that anyone at the site level can utilize to save money and provide immediate customer service. Dollars saved means increased NOI.
Every business has an agenda, a purpose for it’s existence. We call this a mission statement. How do you proceed towards fulfilling your mission statement? Establish relationships, establish credibility, work hard…find common ground.
Sometimes in our business life we become so focused on the task at hand that larger issues go unnoticed. We refer to this as a loss of perspective. Like being angry at the hammer that missed the nail and struck our thumb; these emotions are misplaced.
Do you believe sales prices per unit are going up? Is your belief based on market forces, actual rent growth derived or sentiment? At the end of the day we utilize market sales to determine the trend line in price direction. Yet even here its best to butter the loaf of bread a little at a time.
Perfect leverage means different things to different people. The best financial leverage to place on an asset is financing that promotes an alignment between the objectives of ownership and the financial needs of the asset.
Following are the five most popular post for all of 2013. It’s an interesting mix. The top two are right in our every day sweet spot about growing revenue and controlling expenses. Thank you, our loyal readers, for your support, feedback and continued interaction that allows for this forum to expand and make an […]