Posts Tagged ‘Doing More with Less’

Income Property Management Expo

Written by Apartment Management Magazine on . Posted in Blog

Expo_banner

Apartment News Publications Inc. is teaming up with the Income Property Management Expo to provide Apartment Owners/Managers & Commercial Property Management Companies with tools for efficient, cost effective management, operation and maintenance of their communities & facilities!

Join us May 7, 2013 for the Southern California Income Property Management Expo at the Ontario Convention Center!
Click here to Pre-Register Online!
Ontario_banner

Ontario2013_Sponsors

Southern California Attendee Information:

  • Apartment Owners
  • Property Managers
  • HOA
  • Commercial Property Management Companies
  • Service & Maintenance Staff
  • Industry Partners & Vendors

This expo will host FREE seminars throughout the day addressing CA Energy Efficiency Programs, Landlord Legal Updates, Tax Code & 1031 Exchanges, Property Maintenance and more!  The goal of the Expo is to provide attendees with the opportunity to network with other industry professionals while enjoying fine food tastings, the PGA Experience, Luxury Car Display & Test Drives, raffles & giveaways and the expo floor which will have over 100 exhibitors!

seminars

special features

expofloorplan

To learn more about the Income Property Management Expo, how to attend for FREE, or learn how to reserve a booth for the Expo Floor, visit IncomePropertyExpo.com!

follow-us-on-twitter2@IPMExpo

Quick Community Upgrades to Get The Most Bang for Your Buck!

Written by Apartment Management Magazine on . Posted in Blog

By Cathy Macaione  | Cathy Macaione Consulting Services | LinkedIn Connect

HomeBanner

With more apartments coming on line, it’s time to plan your interior selections upgrades. We all know that renters want to live in apartments that have a modern, updated look. Upgrading your vacant units so they have what renters want will help decrease vacancy loss. If you’re not sure what’s in demand in your area, tour new home communities, read decorating magazines and watch Home Improvement Shows to get ideas. The following are some quick tips to help you implement what you learn without breaking the bank.

CabinetDoorsHave a well thought out plan to make sure your selections will last.  Quality doesn’t always mean super expensive. Make a list of your “must-have” upgrades and devote ample room in your budget to those quality items. You can make cut backs on the “nice to have” items.

Upgrade in phases.  There’s no need to do everything at once. You can update the flooring, cabinets, counters, and lighting in each apartment as it becomes available for rent. This will enable you to spread out the cost of the investment.

Offer packages.  Offer renters two upgrade packages—one with total renovations and one with partial upgrades. For example, if you’ve already changed the cabinets, and the countertops are in good condition but the color is outdated, select a paint color that will change look and feel of the kitchen so the countertops don’t look dated. Then offer the apartment as partially upgraded.

laminateflooringInvest in flooring.  Carpeting gets ruined very easily. Make your flooring last longer by installing a laminate floor. A good selection could be a distressed wood look. It’s in style and will hide wear and tear.

Think green.  Install dual flush toilet conversion kits. They’re inexpensive at around $40 each. It is also easy and low-cost to install low-flow shower and faucet aerators. Additionally, installing fluorescent light bulbs will show a noticeable reduction in utility bills. Look for incentives and rebates to help trim costs even more.

granite1Granite for less.  Yes, you can offer granite-like countertops. My favorite sources for countertop makeovers are Giani Granite (http://www.gianigranite.com/) and Appliance Art, supplier of Instant Granite (http://www.applianceart.com/). Check them out.

Upgrades and renovations don’t have to drain your bank account or be a source of anxiety. Carefully planned upgrades can be both simple and profitable. So start your upgrade plan today to make your apartment offerings more desirable. Before you know it, you’ll have a fully leased community!


CathyMacaioneCathy Macaione, President, Cathy Macaione Consulting Services, an Apartment Marketing and Management Specialist, has more than 28 years in the Real Estate Industry.  She demonstrates her creativity and expertise through the exploration and implementation of alternative marketing methods.  Prior to starting her own consulting business, Cathy held numerous positions, ranging from leasing professional to property manager to marketing/training director, for several large management companies.

Four Reasons to Ditch the ‘Gimmick’ Phone Greeting

Written by Apartment Management Magazine on . Posted in Blog

By: Rommel Anacan  |  The Relationship Difference

If your employees answer phones onsite with some variation of these greetings:

answeringphone

“It’s a GREAT day at Quail Run Apartments!”
“It’s a BEAUTIFUL day at The Enclave!”
“It’s an awesome morning at Eagle Creek. Home of world-class service, 24 hour apartment maintenance, Satisfaction Award winner for 3 years running, fresh-baked cookies, and the best coffee outside of Seattle…!”

Doing More with Less

Written by Apartment Management Magazine on . Posted in Blog

5 Tips for Facing the Unrelenting Challenge

By Nick Frantz

“We need to do more with less.” At work, at home, in our communities… the mandate is unrelenting. It’s a challenge; but it’s also a reality. So let’s approach it with a positive mind set. After all, doing more with less means becoming more efficient.

PayRent.com