Guest Blog

By Brian Taylor, Executive Director, Talega Maintenance Corporation, Managed by FirstService Residential Managers of multifamily properties face critical challenges every day. They perform multiple tasks simultaneously, proactively assessing and enacting strategies to improve property features and systems, developing and implementing marketing plans and reacting to the troubles that surface on any given day. Inevitably, managers are likely to spend at least some time putting out fires, regardless of the amount of time spent planning and organizing. Of course, we are talking about the figurative kind of fire here, but managers need to be ready to combat the real ones as well….

By Homer Yim, Territorial Manager, Simpson Strong-Tie Twenty-five years ago, the Loma Prieta earthquake struck the San Francisco Bay Area. Lasting only seconds, the quake measured 6.9 on the Richter scale and left thousands of residents homeless. The images were unforgettable: Neighborhoods on fire, failing bridges, and homes in the Marina District collapsing in heaps of shattered wood. Almost immediately following the quake, the City of San Francisco initiated the Community Action Plan for Seismic Safety (CAPSS) working group to study impacts from the next major earthquake, which included a 30-year resiliency plan to prevent the collapse of buildings in…

By Nat Kunes, Vice President of Product, AppFolio Property Manager In today’s competitive market, multifamily professionals need to bring their “A” game. While the market ebbs and flows, finding the best team to run your business and making the most cost-effective decisions are always going to be essential components of a strong business strategy. Making sure you have the most modern tech tools to keep an edge is essential. Don’t let your current management practices prevent you from saving time and money, and adding more value to your properties. We recently commissioned SurveyMonkey to uncover the success secrets among the nation’s…

By Christine Kehoe, Executive Director, California Plug-In Electric Vehicle Collaborative Chances are you’ve seen a plug-in electric vehicle (PEV) on the road, parked at the mall, or even driving in your neighborhood. These days, it’s not uncommon. There are more than 234,000 PEVs in the nation and many vehicle models from which people can choose. Cities such as Atlanta, Los Angeles, San Francisco, San Diego and Seattle have the highest rates of PEV adoption in the country, which includes a large number of people living in apartments and condominiums. This presents a big opportunity for properties to install PEV charging…

By Elam Hall, Crescent Communities Sustainability is a popular catchphrase. But what does it really mean? At Crescent Communities, sustainability drives everything we do. We define “sustainability” as a focus on the environment, community, health, happiness and economic viability. Every time we begin a project, we look for ways to preserve or maintain land spaces and natural resources, including maximizing trees saved. Ultimately, all of our properties have sustainable features. One such example is Crescent Alexander Village, a new, 320-unit multifamily community in our hometown of Charlotte, N.C., that is both NGBS Green Registered and on track for designation as…

By Morgan Stewart, Partner, Manly, Stewart & Finaldi In response to the recent article by Multi-Housing News Senior Editor Jessica Fiur, titled: “What Renters Want with Jessica Fiur: What Should Property Managers Do About Legal Marijuana,” we have developed this piece, which addresses some of the other complicated legal implications for the multifamily industry about this confusing and complex issue. The trend by states to legalize marijuana for medical and recreation purposes while federal law still classifies it as an illegal drug is leaving many businesses confused. Lack of congruity between state and federal laws regarding marijuana is a growing concern…

In many major North American cities, construction cranes have found a place back on the skyline as downtown core areas are seeing a rapid growth in development—especially the development of new high rise condos. With so much activity under way, the discussion among community leaders and real estate experts has centered on the impact that new construction is certain to have on local economies and urban infrastructures. As new residents arrive in downtown centers, the demand for additional businesses—from grocery stores and bank branches to restaurants and pharmacies—will surely grow, while at the same time the use of public transportation…

By Jake Reid, Senior Director, Franklin Street Much like the fruit for which Georgia is known, the multifamily market in Atlanta looks sweet for 2014. In 2013, we experienced a renewed investor interest in Atlanta’s multifamily market, fueled by an uptick in employment and an improving local economy. Between October 2012 and October 2013, 63,300 jobs were created, according to the Georgia Department of Labor. Highest rents ever Through new job creation and an increase in the quality of urban rentals, Atlanta experienced its highest rents ever in 2013. New urban product is being absorbed with higher rents and velocity…