Property management software news, views and industry trends
Driving affordable housing success with asset management services
The affordable multifamily housing industry consists of dedicated professionals focused on the mission of creating and preserving quality affordable homes, within inclusive communities, that support economic security and access to opportunity for all…
What is Capital Lease Accounting?
Capital lease accounting, also known as finance lease accounting, refers to the method by which long-term lease agreements are recorded on the balance sheet. This approach requires the lessee to recognize both the asset and the corresponding lease li…
How to effectively implement the new lease accounting standards
The new lease accounting standards—ASC 842 lease accounting for U.S. GAAP and IFRS 16 for international reporting—are a significant change for companies, lessors, and investors alike. Staying compliant while ensuring your financial reporting is accur…
What is multifamily lending?
What is multifamily lending, and why does it matter for real estate investors like you? At its core, multifamily lending is a financing option designed specifically for properties with multiple residential units. Whether you’re buying, refinanc…
What are the types of multifamily housing?
Multifamily housing come in all shapes and sizes, from cozy duplexes to towering high-rises. Each type offers unique opportunities, and knowing how they differ can help you make informed investment and management decisions. In this blog, we’ll …
What are occupancy costs?
Occupancy costs, also known as occupancy expenses, typically account for 35% to 50% of operating expenses for multifamily properties. These costs include rent, utilities, maintenance, property taxes, and insurance, making them a significant portion o…
What is workplace occupancy rate?
Offices often sit half-empty, with research showing that around 55% of office space goes unused. This can lead to wasted resources and unnecessary costs, especially if you’re not paying attention to how space is being utilized. Workplace occupa…
Environmental control system
Managing a multifamily property comes with plenty of challenges, especially when it comes to creating a healthy and comfortable environment for your tenants. With indoor air quality directly affecting health and well-being, an environmental control s…