New research from the Urban Land Institute shows that the population of urban neighborhoods in many metropolitan areas is growing as quickly or nearly as quickly as that of suburban neighborhoods, reflecting ongoing consumer demand – particularly among younger households — for living environments that are convenient to jobs, transit, and urban amenities, and which are highly […]
For science fiction movie fans, Star Wars is a franchise that seemed like it could never fail. But Solo: A Star Wars Story has shown that the historic franchise can produce a flop, and provides several lessons that developers and apartment owners can learn from. Solo: A Star Wars Story has “only” garnered $210 million at the domestic box […]
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 […]
Investing in Opportunity Zones allows real estate investors to defer or eliminate short-term and/or long-term gains on the sale of real property or other similar investments. An important tax incentive provision for real estate investors, developers and professionals were included in the federal Tax Cuts and Jobs Act that was enacted in December 2017. A […]
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 […]
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 […]
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, […]
