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Sun
10
Nov
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Property Management Field Coaching…How To Do It And Why It Works?

You've hired a property management SuperStar and
the classroom training for your new employee is
finished. As their manager, is training really
complete? Not a chance! Field coaching is the
next step and the most important part of a
well-rounded and world-class property management
training system. In this article you will learn
the three steps for building a powerful field
coaching program and once in place, this process
will become a standard part of your training for
every new hire at your property management company.

Sun
10
Nov
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D & Z - What Were You Thinking Moments: Preparing For The Unexpected

Dana

D & Z - What Were You Thinking Moments

Suzy Manager - Dana, Fall is here and Winter is on the horizon, which means freezing temperatures. Last winter I received a call from my portfolio manager that something was serious wrong with my expenses over a two month period. It turns out that I had a frozen pipe that resulted in a water leak. This was not something that I had paid attention to, what do you suggest so that this does not occur this year?

Dana - Suzy Manager, you definitely don't want to hear from your portfolio manager or owner again this year wondering "What Were You Thinking?"

Frozen pipes or water leaks happen, it comes down to if you notice or not. As a manager these are the things that you will want to pay attention to.

Sun
10
Nov
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LandLady Katie: The ABCs of Property Management. 26 Ideas For Your Business

LandLady Katie

ABCs Of Property Management

A landlord attorney on speed dial is a great idea.

Be the landlord that you would want.

Collect large security deposits, in guaranteed funds, PRIOR to handing over keys.

Determine rents by researching comparable properties in the same area.

Emotions should play a very small role in the management of your properties.

Familiarize yourself with the terms of the rental agreement and addendums.

Guaranteed funds are the most ideal funds.

Hire only licensed and bonded contractors to do the repairs at your properties.

Issue termination and warning notices timely and correctly.

Join a landlord association.

Sun
10
Nov
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U.S. COMMERCIAL REAL ESTATE INDUSTRY REACHES INFLECTION POINT IN 2014 WITH INVESTORS RETURNING TO SECONDARY MARKETS. SAN FRANCISCO TOPS OVERALL LIST.

U.S. COMMERCIAL REAL ESTATE INDUSTRY REACHES INFLECTION POINT IN 2014 WITH INVESTORS RETURNING TO SECONDARY MARKETS, ACCORDING TO PwC US AND URBAN LAND INSTITUTE’S EMERGING TRENDS IN REAL ESTATE® FORECAST

San Francisco Once Again Top Ranked City for 2014; Industrial Sector Becomes Investor Favored Property Type; Report Highlights Potential “Best Bets” for Investors in 2014

CHICAGO, November, 7 2013 – The U.S. real estate recovery is set to continue into 2014, with investors increasingly looking beyond some of the traditionally popular markets to secondary markets in search of higher yields, according to Emerging Trends in Real Estate® 2014, co-published by PwC US and the Urban Land Institute (ULI).

Thu
07
Nov
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New Report From ULI Greenprint Center for Building Performance Shows Continued Progress in Reducing Energy Consumption and Greenhouse Gas Emissions

PRNewswire-USNewswire/ -- A new report published by the Urban Land Institute's (ULI) Greenprint Center for Building Performance suggests that the global real estate industry continues to make progress in improving the environmental performance of existing buildings.

Volume 4 of the Greenprint Performance Report™, which measures and tracks the performance of 3,232 buildings owned by Greenprint's members, demonstrates a year-over-year reduction of 3.2 percent in energy consumption and 3.4 percent in carbon emissions. The report finds that the reduction in carbon emissions equates to nearly 268,400 barrels of oil not consumed, 24,044 cars taken off the road, and over 2.9 million trees planted in the past 12 months. The report also found a 21.4-percent increase in recycling, and only a modest 0.5-percent increase in water consumption.   

Thu
07
Nov
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Three Important Steps For A Positive And Profitable Employee Review ©

by Ernest F. Oriente, The Coach {Article #209…since 1995}
Can employee reviews really be positive and profitable? You bet! Follow the steps in this article and the changes in your property management company will be felt immediately! How you and your company handle each employee review is a direct reflection of your leadership and the importance of each individual within your property management company.

Thu
07
Nov
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Commercial Real Estate Mending Amid Ongoing Economic, Political Uncertainty

Q3 Roundtable Survey Shows Fundamentals, Property Values Improving, But Vulnerable to Rising Interest Rates, Economic Headwinds, Looming Policy Decisions
WASHINGTON, /PRNewswire-USNewswire/ -- Commercial real estate markets continue their gradual, uneven recovery — with investment capital beginning to flow beyond "gateway" and multifamily markets — yet industry executives remain wary about the future amid lackluster job creation; uncertainty over monetary, fiscal and terrorism insurance policy; and rising interest rates, which could lead to deceleration in the pace of property value gains, The Real Estate Roundtable's Q3 Sentiment Survey showed today.

Thu
07
Nov
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HUD AWARDS $1.7 BILLION TO IMPROVE, PRESERVE PUBLIC HOUSING

Housing authorities across the U.S., territories use funding to maintain housing for families, seniors 
WASHINGTON – U.S. Department of Housing and Urban Development Secretary Shaun Donovan today awarded $1.7 billion to public housing authorities in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands, to make major large-scale improvements to the nation’s 1.2 million public housing units.  View funding by public housing authority here.
Today’s grants are provided through HUD’s Capital Fund Program, which provides funding annually to all public housing authorities to build, repair, renovate and/or modernize the public housing in their communities.  The authorities use the funding to do large-scale improvements to the housing such as new roofs or to make energy-efficient upgrades to replace old plumbing and electrical systems.

Thu
07
Nov
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New Income and Expense Data on Federally Assisted Apartments Reported in Just-Released IREM® Benchmarking Study

Survey Includes Utility and Maintenance Costs and Other Operating Data
Operating expenses in 2012 vs. 2011 were up within a range of $.47 to $1.26 per square foot of rentable area for all types of Section 221(d)3 federally subsidized properties. In contrast, Section 8 Elderly/Handicapped housing experienced operating expense declines ranging from $0.14 to $0.99 per square foot. Depending upon building type, operating expenses for Section 202 properties as well as those in the Section 236 and Section 8 Family categories either were up (within a range of $0.30 to $2.28 per square foot) or down (within a range of $0.12 to $1.22 per square foot).

Thu
07
Nov
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Valuing Property Via The Capitalization Rate Methodology

By: Leonard Baronfrom PropertyManager.com a Service of AppFolio

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