Thursday, August 28, 2014
By day, I write about ancillary revenue opportunities. By night, I ask for cheaper rent. It’s all a bit confusing.
But so, too, is the concept of resident friendly ancillary revenue. And according to Steve Lefkovits, Joshua Tree Conference Group Principal, learning to leverage ancillary revenue without incurring resident ire is key to any successful revenue management program.
Wednesday, August 27, 2014
Looking for the latest trends in apartment community amenities? Look no further than Dallas-based Trammell Crow Residential (TCR). The multifamily builder consistently ranks among the top 10 apartment developers nationally, and 2014 finds the firm continuing to work a pipeline that brought 3,500 new units to market last year. With developments topping off in hot markets like Seattle, Denver, and...
Monday, August 25, 2014
With moving season in full swing, APTly Spoken sat down with Julie Manthey, Vice President of Operations for Western National Property Management, to learn how her company is using revenue management software to ease the summer rush.APTly Spoken: What are some of the greatest challenges with the summer moving season?Julie Manthey: On average, a multifamily community sees a turnover rate of about...
Wednesday, August 20, 2014
Will multifamily eventually become a big data industry? With millions of units in play and terabytes of prospect, lease and resident information lodged in our disparate systems, the promise of big data and actionable analytics seems to be a real one, even if our transaction velocity of 12-15 months pales compared to the airline, rental car, restaurant and hotel industries that close thousands of...