Monday, November 14, 2016
It’s conference season! And I did my part by attending three of them within a span of 10 days. At each one, I heard this same sentiment from apartment industry developers, owners and operators, large and small, hailing from the Northeast to Southern California. Outside of land, the key components of construction costs are labor and materials. First, the materials. The recently-released Producer...
Tuesday, November 1, 2016
My favorite season is here: Holiday Cooking Season!
Many residents will begin to ponder recipes that go along with their various family gatherings and functions. This is a fantastic time of year to suggest to residents they use the self-clean function in the oven to be ready for holiday baking.
The way that a Self-Cleaning oven works is a mystery to many residents. More than a few times I’ve...
Monday, October 24, 2016
Rent growth occurred across most markets during the third quarter, averaging 4.7 percent on a year-over-year basis, according to Yardi Matrix. Growth continues to slow, as evidenced by a lone city experiencing double-digit rent growth, Sacramento, compared to four last year at this time. San Francisco, Houston, Denver and New York comprise the handful of markets with rent growth lower than the...
Thursday, October 20, 2016
If we were to compare the amount of work that a maintenance technician today is required to do at an apartment community, and compare that to 5 years ago; what would the comparison look like?
The most common question I’m asked by community managers is “How long should it take my technician to do <insert task here>.” My scripted answer is not to give an answer. My answer instead is to ask...