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 should have? Each of these questions has merit, and finding the answers means setting and tracking...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...Jul 21, 2020 10:00:00 AM
Business as usual? These days, it's anything but. Yet if there's a productive result of COVID-19, it's that organizations are taking the pandemic as a cue to kick-start their digital transformations....Jun 10, 2020 3:36:12 PM
Think you know the true cost of a rental unit turnover? You may want to check the books. While it's easy to plan for the standard services and predictable expenses, there are many hidden variables...May 15, 2020 10:00:00 AM
In the days of razor-thin margins and rising expectations, reliable vendors and contractors are the “secret sauce” that can mean the difference between a successful unit turnover and one that...Jan 28, 2020 4:56:45 PM
The unit turnover process has many moving parts. Among the most critical are vendor procurement and management. Making quick (and thorough) work of unit repairs or renovations helps multifamily...Oct 22, 2019 2:57:23 PM
IMPROVING OPERATIONS THROUGH TECHNOLOGY Property stakeholders are in constant search for ways to manage costs and streamline operations. This is equally true for multi-res owners and managers, who...Join our community of thousands of growth-minded multifamily owners and operators, subscribe to the SuiteSpot Blog now!