It is difficult finding a balance between increasing rents at renewal time to continue to increase GPI, however when doing so you risk losing some residents. We have a budgets amount for renewal increases throughout the course of the year. It does not matter how much each renewal is as […]
Read MoreSite Articles
Common Area Theft
We caught a tenant today stealing electricity from the hallway. We have already served him with a non renewal letter, and is set to move out at the end of the month. The eviction process wouldn’t be fast enough to get him moved out sooner. To end the theft of […]
Read MoreProperty Damage
We finally caught the person who had been painting outside one of our building entrances. His paint splattered onto the building and was never cleaned on numerous occasions. The tenant wasn’t the best tenant in the world, so we decided to hit him with a non renewal.
Read MoreWeekly Report
This week I was asked to complete a Weekly Report for our property. This report gives a sense on how our leasers are doing and can give us an idea of what’s going on with the market. If we have a lot of showings but not a lot of people […]
Read MoreGoing Paperless
Weidner is currently pushing a paperless initiative for 2017. To help kick start the paperless trend we’ve been encouraging tenants to pay online for a chance to win a rent credit if they pay online and win the raffle.
Read MoreTenant Welfare Call
Got an alarming call from a tenants parents who said he hadn’t checked in with them for a few days. Had to go over to the apartment and knock on the door. I braced myself for no answer and a possible unpleasant call with the parents. Turns out he just […]
Read MoreReputation Management Campaign
My weekly assignment is to boost our company’s presence on social media. I chose to increase the amount of likes we get on Facebook. It has been pretty stressful becoming the leader of the facebook group and working on getting it Bigos approved. A project like this would be much […]
Read MoreEviction Court
Today, I joined the property manager of the property that I am currently at to court. We had three evictions to go through. We sat through a bunch of other cases, some taking 30 seconds and some taking 15 minutes. Nothing too crazy happened, but it was a good experience […]
Read MoreAppreciation for Maintenance Staff
Days like yesterday really make me appreciate the amazing maintenance staff we have here at Silver Ridge and really all properties. It was really hot and muggy outside yesterday and I had to walk around from building to building delivering these move in packages. I was only outside for about […]
Read MoreMove In Packages
Yesterday was the 1st of the month and to welcome in our new residents we put a move-in package in all of the new move in’s apartments. We did this at our other property as well but at this one we directly put the packages in the apartments ourselves. I […]
Read MoreBroken Garage Door
Last week our garage door broke and is becoming an extremely costly repair. Before any repaid is done our management company requires us to get quotes from three different vendors. All of the vendors have ballparked this repair around $10,000 which is not necessarily in our budget, Because this item […]
Read MoreSlow Traffic
The past few weeks our property has had incredibly slow traffic. With lower traffic it has made each tour and prospect that much more important. We have several units that have been sitting vacant for a while and our vacancy loss is growing daily. This has forced us to offer […]
Read MoreMurphy Bed
Today I learned what a murphy bed was. We are going to be building a new building in Saint Paul and they asked me to look into murphy beds and other furniture ideas for small one bedroom apartments.
Read MoreIrrational Residents
Residents just think they can move out whenever they want. So today we had a lady come into the office freaking out at us because she is moving out of her apartment 2 weeks before her lease is up and doesn’t think she needs to pay rent after she moves […]
Read More