This week in property management news: June 6, 2016

Katrina Langer
Katrina Langer | 2 min. read

Published on June 6, 2016

Learn how to keep and manage paperwork in the digital age; new research shows that stable employees create stable residency rates; how LEED-certification reaches beyond multifamily and commercial properties; a San Francisco property management company offers money to tenants who promise not to drive; and, see how many minimum wage hours you’d have to work to afford a two-bedroom apartment in your state.

Keeping a paper trail: managing multifamily paperwork
Property management creates a lot of paperwork. Do you know how to tell the difference between the stuff you need to keep for years and the stuff you need to destroy immediately? Get the lowdown from property management experts, including James Pidgeon and Sam Driver from Buildium.

Happy employees=happy tenants
Are unhappy, unstable employees damaging your bottom line? One property manager in Chicago says, “The more stable the staff, the more people our residents become comfortable with, and the more likely they will be to stay.”

Green buildings grow beyond multifamily and commercial
Even industrial developers are joining the eco-friendly movement. Beyond conserving resources and saving money, companies are finding it creates happier employees at healthier workplaces.

Would you pay your tenants to UberPool?
One apartment complex in San Francisco is paying residents $100 a month not to drive. That’s right: every resident in one of their 3,200 units will get $100 in transportation credit (Uber or public transportation) to decrease traffic congestion and carbon output.

Rent outpaces income in every state in the country
New research from the National Low Income Housing Coalition (NLIHC), there is no place in the United States where a two-bedroom apartment at fair market price can be afforded by a 40-hour, minimum-wage work week.

Read more on Property Management Trends
Katrina Langer

Katrina is the author of several Buildium ebooks and guides. She holds a B.A. in English from Northeastern University.

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