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Top-notch management has never been more essential in the multifamily industry. Due to low interest rates and high unemployment, vacancy rates in rental markets soared as high as 14 percent in some areas of the country last year.
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Sometimes wishful thinking pays off. Just ask FPI Management, a Folsom, Calif.-based fee manager. Last February, the company nearly doubled the size of its headquarters with the hopes of dramatically growing the company's portfolio. “We designed and built our new office building with the intention...
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Bill Donges has always been good at the basics – management and organization – which has enabled him to take on new challenges. Throughout his career, he successfully ran chemical and manufacturing businesses, distribution centers, dot-coms, and software and electronic start-ups. Although Donges...
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What if your property management office could make like a convenience store and stay open 24/7? As impractical and costly as it might seem, following the lead of 7-Eleven, particularly when it comes to handling hot-button issues like maintenance requests, might help you retain residents, lure new...
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After four hurricanes leveled parts of Florida last fall, they left in their wake apartment owners picking up the phone to dial their insurance agents. But many owners didn't exactly get good news. Because of high deductibles, caps on debris-related damages and cleanup, and per-building deductibles...
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