How to Select a Lock
Wednesday, December 21
This is a discussion on selecting door locks for apartment communities.Having this conversation ten years ago our consensus was that early in the 21st century we will all have paperless offices and key-less locks. Guess what; didn't happen.Is your office paperless? Are your communities key-less? ...
Multifamily & Educational Attainment
Wednesday, December 14
It is well documented that third-grade reading levels tell us much about adult achievement. There is a direct correlation between personal income and educational attainment. Over-stating the obvious, people with a college degree make more money that those dropping out of high school. Can we s...
Budgeting and the Beginner’s Mind
Wednesday, December 07
Steve Jobs had an affinity for Zen. One of the concepts he deployed in business from this perspective was "the beginners mind". In its most basic form "the beginners mind" allows us to believe that in any circumstance there are many possibilities. Interesting. Can we apply this to the annua...
Carpet, Tile, Vinyl and Wood
Tuesday, November 29
As property managers, we spend more real cash on flooring that just about any other item. Excluding roofs, windows and boilers, flooring is often the one line item expenditure that pops on the annual profit/loss. Some property managers are flooring experts. Most of us muddle forward executing a...
How to Read a Rent Roll
Wednesday, November 09
Following are eight ways to measure financial outcomes from the rent roll. There are numerous metrics to value a multifamily asset from revenue per square foot to replacement value. This writing is focused on the rent roll and various means to measure the quality of the income stream derived fro...
Real Estate Finance and Demographic Trends
Thursday, November 03
With pent up demand for multifamily why is the construction pipeline slow to respond? Credit underwriting. With a plethora of real estate assets available for sale why is sales volume year-over-year about the same? Credit underwriting. Real estate finance is not for the faint of heart. The ...