When you’re involved in property investment, it’s essential to understand what real estate portfolio management is and why it’s important for your business. It’s a strategic approach that ensures all assets within your portfolio are managed efficiently to maximize returns while minimizing risks. This process benefits significantly from specialized tools like real estate investment software, which streamlines operations from fixed asset management to comprehensive investment oversight. With an innovative investment management software solution designed for the unique n ..read more

This report looks at overall occupancy levels and rental growth trends for twelve markets across Texas, Arizona, Georgia, Tennessee, North Carolina, and Florida. March brought disappointment to those anticipating the traditional start of the “fast leasing season,” hindering hopes for some occupancy recovery. March’s demand or absorption of units was no match for the elevated number of units delivered in any of the metro markets we cover. New construction deliveries have skyrocketed to a 40-year high. As supply surges, demand or job growth is settling, moving lower from the historic highs reco ..read more

Economic occupancy is a crucial metric often discussed in property management and investment. Whether you’re a large investment company or a small-time investor, understanding economic occupancy is essential for maximizing returns and making informed decisions in the real estate market. In this post, we explore how this important metric measures revenue potential and drives financial success. What is economic occupancy? At its core, economic occupancy serves as a measure for the financial performance of rental properties. It measures the ratio of actual income generated by a property compared ..read more

Retail Analytics is defined as the technology that brands and retailers leverage to increase the likelihood of an initial and repeat purchase. These solutions improve the customer experience, increase brand equity, streamline in-store operations, and ultimately drive sales and reduce costs for retailers. A fundamental part of retail analytics is capturing footfall volumes and the behavior of your customers. The methods used to capture footfall traffic within the brick-and-mortar retail space are undergoing a transformation driven by technological advances. These technological advances are dri ..read more

Dealing with difficult tenants can be one of the most daunting tasks for property managers. From late rent payments to property damage, noise complaints, or even legal disputes, the challenges presented by troublesome tenants can disrupt the harmony of any rental property and create significant headaches for those responsible for its management. However, with the right strategies and property management software, it’s possible to navigate these situations effectively and maintain a positive landlord-tenant relationship. In this article, we explore effective strategies to deal with these tenan ..read more

A space management system is a powerful tool used to optimize, organize, and maximize the potential of spaces. Whether it’s a bustling office environment, a retail store, or an industrial unit, effective space utilization is crucial for productivity and efficiency. In this post, you’ll learn how to optimize and organize your spaces efficiently with a space management system for enhanced functionality and productivity. What is a space management system? A space management system is a comprehensive toolkit for real estate professionals. It helps them effectively plan, measure, an ..read more

Resident retention is a measure of a property’s ability to keep its tenants over time. It reflects how successful the landlords and property managers are at encouraging tenants to renew their leases rather than moving elsewhere. Maintaining a high retention rate is essential for multifamily properties. A high retention rate suggests that tenants are happy with their living situation, meaning more stable income, lower vacancy rates, and reduced turnover costs. In this guide, we show you how to calculate your property’s resident retention rates. If your rates are lower than you would like, you ..read more

Managing utilities in a multifamily property can be a complex task for landlords and property managers. You might face the challenges of fair cost distribution and encouraging energy conservation among tenants. The ratio utility billing system (RUBS) provides a solution that can streamline utility management, ensuring efficient and accurate utility billing. But what is a ratio utility billing system? RUBS is a billing strategy that proportionately divides the total cost of the multifamily property’s utilities across all units. With this method, you apply an allocation formula that considers v ..read more

This report looks at overall occupancy levels and rental growth trends for twelve markets across Texas, Arizona, Georgia, Tennessee, North Carolina, and Florida. Hopes were high that February would bring an early start to the ‘fast leasing season’ and provide some occupancy recovery; however, February was fickle as new construction deliveries continued to overwhelm absorption in two thirds of the markets we serve. The two main factors that hampered market conditions throughout 2023 remain present. New construction deliveries have skyrocketed to a 40-year high. As supply surges, demand or job ..read more

Routine maintenance of your multifamily property is essential for preserving its value and ensuring tenant satisfaction. Multifamily property maintenance comes with a host of responsibilities, from the routine cleaning of communal areas to the safety-critical testing of fire alarms. This can make it challenging to keep track of all the tasks and ensure they are performed at the right time. To streamline your property management efforts, we have created a comprehensive list of maintenance tasks. These tasks will help you maintain property standards, prevent costly repairs, and ensure a safe, w ..read more