Staff turnover was already a major issue in the multifamily industry before the pandemic. According to the National Apartment Association, after rising steadily since 2010, the average turnover rate at apartment firms reached 33% in 2019, far above the 22% average for all workplaces at the... Continue Reading
Did you know it costs $3,976 to replace one of your residents when they don’t renew their lease? Zego found the average turnover costs to include: Lost rents: $1,598 Unit repair costs: $775 Concessions: $1,240 Marketing and advertising: $364 As a multifamily professional, you know that... Continue Reading
The right mentor at the right moment can change the trajectory of a life! When an individual has the desire and the will to get to the next level, it’s a mentor that can step in to light the path and show them the way. Do you remember the first time that someone closed a door in... Continue Reading
AAMD joins the Denver multifamily industry in congratulating Mary Oldenburg on her retirement! The moment Mary began her career in Denver, she immediately became involved with the Apartment Association, chairing nearly every committee at one time, and serving as the National Apartment... Continue Reading
Practical Initiatives to Get Started On Here are four practical ideas to implement change that has a staying, powerful and longterm impact at your company: 1. Review Company Materials Your handbook, onboarding policies, websites/digital media, career development, hiring practices -... Continue Reading
Congratulations to the finalists and winners of our 2022 Chili Cookoff! It was great to be back in person and INSIDE RediCarpet's warehouse as usual. Thanks to Redi for being our amazing host sponsors for so many years! Check out Pictures from the Event! People's Choice Awards: ... Continue Reading
For the first five years of my career, I worked in student housing in Gainesville, Florida. Partly because I was young in my career and partly because Gainesville is a small town, I really had no idea how big the industry was that I was working in. It wasn’t until I moved to Denver in 2007... Continue Reading
For this issue we will step away from the traditional apartment communities that we normally feature to address some non-traditional trends that are breaking the mold in the rental market. We will focus on three properties that represent the most popular development types, including the... Continue Reading
The Apartment Association of Metro Denver has conducted an industry compensation study every other year since 1999. Compensation data was collected from 32 different management companies, and included specific data for 3,354 individual people who work in the Metro Denver apartment industry. The... Continue Reading
It is hard to imagine, yet, here we are, days are shorter, and it is noticeably cooler. Winter is right around the corner. Here are a few quick tips to help you, your community, and your residents prepare for the upcoming heating season. Heating System Inspections. We have all heard the idiom;... Continue Reading
Cardinal launched it’s DEI Council in the Summer of 2020. The purpose of the council is to ensure that all team members can bring their best true selves to work each day. The council seeks to empower each team member while elevating their voice in the future trajectory of the company... Continue Reading
Despite the economic climate, now is not the time for apartment communities to ignore social media. Social media is critical to attracting and engaging with residents. There’s no ifs, ands, or buts about it — your residents are actively online, using multiple social media platforms. ... Continue Reading
