Every management company owner has a different story about why he or she decided to start a business. Some knew from the outset that they would eventually work for themselves. Others come up with ideas while working for someone else and decide to take the entrepreneurial leap. Every owner will agree on one thing – owning your […]
When Bezos started Amazon on “Day 1,” the Seattle startup was mostly selling books online and building out its infrastructure. On that first day, he wrote a letter to early shareholders on his aspirations for the company, one he continues to attach to his annual letter today. It was Day 1 for both Amazon and the […]
I recently watched the movie The Founder on Netflix, starring Michael Keaton. The Founder is a compelling story about American inspiration, ambition and greed. Love it or hate it, McDonald’s is one of America’s most recognized brand names and greatest success stories. Its success is partly because of its ability to streamline its operations and give […]
Earlier this month, I was in New York City at the IMN Middle Market Multifamily Conference moderating a panel discussion for property owners who are considering creating their own management firms. As a partner in one of the industry’s larger outsourced accounting firms, I help clients make that decision every day. The discussion included some […]
Ascent Multifamily Accounting has formed a partnership with Updater, an integrated platform for move-in and property related services. The partnership offers Ascent’s clients up to a 33 percent discount for their residents to use the hugely popular move-in concierge service. Typical fees are $99 to $299 per year per property. “Updater is a great tool […]
Randy, a regional portfolio manager in a major market, was working long hours overseeing the operational and financial management of more than 4,000 units. He wanted more time with his family and more control over his income and schedule. After working for more than 14 years for major management firms, Randy considered starting his own firm […]
As a real estate owner or manager in a major market, the competition you face for qualified talent is fierce. We recently met with two multifamily firms that both felt finding capable employees in Southern California was a major challenge in their businesses. How can you make a significant improvement to your benefits package without […]
Multi-Housing News Discusses Multifamily Trend Years ago, the Harvard Business Review reported that “Outsourcing is not just a trend; it is an integral part of how smart companies do business.” Whether or not outsourcing is a trend, multifamily operations are beginning to adopt outsourcing in a big way. As reported in last month’s Multi-Housing News, […]
I was speaking with the Owner/CEO of the third party management firm who outsourced his back office with Ascent Multifamily in March 2016. At the time that he began outsourcing with us, he had 18 properties and 4,600 units. (Today he has more than 6,000 units.) He called me to tell me that he appreciated […]
