How to effectively balance front- and back-office duties.Business leaders must track performance on multiple levels—typically through various reporting systems—to help maintain profitability. For apartment community managers, whose priority is…
To avoid concessions, student housing managers must get a handle on leasing earlier in the season.In the past, student housing managers may have been able to look at the previous year's rents, increase them 3 percent and get ready for move-ins. But…
Construction problems don't have to sabotage a community's reputation. Some tips on how to save the day.When construction issues delayed the opening of Aspire Tucson, a Dinerstein Co. student housing community at the University of Arizona, the…
In March, Congress passed H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).As “Phase Three” of an extensive federal relief package, this legislation includes nearly $2 trillion in relief intended to mitigate the…
In a press release issued March 24, Fannie Mae, in coordination with the Federal Housing Finance Agency, is allowing lenders to grant forbearance to borrowers in properties financed by Fannie Mae for up to three months if the borrower is…
Because there exists a misconception that rental housing owners enjoy large margins and can continue operating in the absence of rent payments, and with so much discussion around rents during COVID-19, the National Apartment Association (NAA) has…
You could have been a community manager or leasing agent for a decade now and not really had to deal with an economic downturn. But that is probably changing. By March 26, it was a whole new world. Measuring same-store change on a rolling seven-day…
Earlier this year, Bell Partners announced that Founder and Chairman Steve Bell, who has personally held a majority stake in the company since its founding in 1976, has transitioned a minority portion of his shares to certain executive officers of…
The recent outbreak of COVID-19, also known as coronavirus, has caused immediate need for social distancing to stop the spread of this highly contagious virus. Apartment communities are a people-driven business, which makes it more difficult to cut…
In our next installment of Profiles in Success, a series where NAA talks to successful apartment professionals to learn how they got to where they are, we visit with an SVP of Strategic Initiatives.Name: Karen HollingerCompany: AvalonBay…