Feb 28, 2022 12:42:41 PM
According to the 2021 NAA Survey of Operating Income & Expenses in rental apartment communities, the Repair and Maintenance category is the fourth largest expenditure category in garden apartments, and third largest expenditure category in mid- & high-rise apartments.Oct 27, 2021 8:00:00 AM
Readying a multifamily unit for lease or rental takes work. A lot of work. And between inspections, repairs, replacements, and managing all parties involved, it can be difficult to keep tabs on every...Sep 28, 2021 3:42:57 PM
The pursuit of unit turnover savings, efficiencies, and data-driven insights led Skyline Living on the search for a new facilities maintenance solution. After scouting the market for the best fit,...May 5, 2021 6:12:21 PM
Property management software (PMS) is an undeniable asset for multifamily teams. But when it comes to tackling the full scope of property maintenance and make-ready activities, even the leading PMS...Mar 10, 2021 4:26:34 PM
To say property teams are a jack of all trades would be an understatement. From value add renovations to building-wide upgrades, and unit-turnovers to daily maintenance, multifamily teams must be a...Feb 17, 2021 2:54:01 PM
The success of a unit turnover is measured in many ways. Was the work done on time? Did vendors meet expectations? Did it result in more revenue for the building? Or did it cost more money than it...Jan 26, 2021 8:55:40 PM
It's easy to get distracted by the "big" expenses during unit turnovers. And while costs related to vendors, major repairs, and materials require attention, property managers can't afford to lose...Nov 11, 2020 12:00:00 PM
This November, I had the opportunity to attend the National Apartment Association's (NAA) 2020 Apartmentalize virtual convention. Much like its previous years, this online event offered valuable...Oct 6, 2020 10:00:00 AM
Time is of the essence during unit turnovers, which means the pressure is on from the moment you learn that a resident has given notice to vacate their unit. Since every delay means more time off the...Sep 29, 2020 10:00:00 AM
Empty units mean they’re generating zero income, and while multifamily housing (MFH) turnovers dipped to historic lows during the pandemic, the industry cannot bank on this trend lasting. It’s likely...Join our community of thousands of growth-minded multifamily owners and operators, subscribe to the SuiteSpot Blog now!
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