Tuesday, January 7, 2014
Hidden costs are inevitable in property management, and most communities’ maintenance shops and offices will be reduced at some point. Keeping a detailed, close eye on inventory will help some, but there are other ways to boost your bottom line.1. Consolidate contracts. By adopting the streamlined approach to national contract negotiations, companies can save thousands. The old-school way tells...
Wednesday, December 18, 2013
Unlike our NAA Chairman who grew up following politics, I can’t ever recall discussing politics in my house. My parents watched the nightly news and read the paper but we never discussed the political climate of the country. My dad read the front page every morning and I read the Lifestyle section. I never wanted to be in politics. I didn’t even like politics. My career in politics just fell in...
Friday, December 13, 2013
As the end of year approaches, we reflect on our accomplishments of the past 12 months and how disorganized we (may) have become in the process of maintaining a property.
Now is a good time to reorganize to ensure that Jan. 1 is an easy, no panic day. Here are five things that can be done to prepare for the end of 2013 (or, if you are a glass half-full type of person, the beginning of 2014):
Wednesday, December 11, 2013
One of the first questions apartment hunters ask me is the breakdown of utility billing. What do tenants pay and what does the building pay? I’m never able to gauge ahead of time what their reaction will be when I state the circumstances. The best advice I’ve been able to gain from researching the most common practices, is that building owners should pay “some” of the utilities as opposed to all...