Survey shows strength in numbers.If you went to your local county fair this summer, there's a good chance you saw people participating in the Strong Man game. It's a carnival favorite--test your strength, ring the bell, win a prize.
This year, NAA's 2006 Survey of Operating Income Operating Income
The profit realized from a business' own operations.
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. and Expenses in Rental Apartment Communities is another winner. The data, compiled by Robert J. Sheehan and Roland Freeman, CAPS, CRE CRE Commercial Real Estate
CRE Corporate Real Estate
CRE Commission for Racial Equality (Scotland)
CRE CCD (Charge Coupled Device) and Readout Electronics
CRE Camp Response Element , CPM (1) (Critical Path Method) A project management planning and control technique implemented on computers. The critical path is the series of activities and tasks in the project that have no built-in slack time. , and available in summary on page 31 and online at www.naahq.org/06ies in our members-only section, reflect a positive trend in the apartment industry. By comparing your numbers with the survey's results, you can more accurately develop your 2007 budget.
On page 52 is a form for those wishing to participate in this survey for next year. To all those who participated, I appreciate your spending the time to contribute.
But sometimes even the best planning can't prepare a company for expenses beyond its control. Steep hikes in the price of utilities nationwide are making it challenging for apartment managers to anticipate and afford the cost of energy. In Power Plays, page 16, John Keim explains how these increased costs are felt in more ways than in just the price of heating and cooling units.
Dee Strong believes that during budget preparation is the perfect time to challenge a community's operating expenses Operating expenses
The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. to uncover hidden savings. Read her article, Taking Control of Operating Expenses, page 22, and find out how the simple process of bidding all projects, coupled with the art of negotiation, can produce a dramatic reduction in expenses.
When it comes to the best way to invest, not all paths lead to prosperity. An investment expert shares the twists and turns in The Investment Journey, page 26.
From hassle-free move-ins to business advice, the way housing providers manage relationships with their student residents from Day One can make renewals and referrals a cinch cinch
a saddle girth on an American stock saddle. Tightens with a knot on a ring instead of with straps and buckles. . Mary Gywn, CPM, provides tips to Keep Them Coming Back to School, page 54.
Nothing is worse than an angry resident with a broken air conditioner conditioner,
n 1. an additive substance used to increase the effectiveness of another substance.
2. a substance added to enamel that improves a sealant's ability to adhere. . On page 61, Don Willard, CAMT CAMT Certified Apartment Maintenance Technician
CAMT Canadian Association for Music Therapy
CAMT Colorado Association for Music Therapy
CAMT Canadian Academy of Manipulative Therapy
CAMT Conference for the Advancement of Mathematics Teaching , tells us How to Keep Your Cool When HVACs Go Wrong.
Moving forward with an aggressive agenda and considerable optimism, the National Apartment Association Education Institute (NAAEI NAAEI National Auctioneers Association Education Institute ) has achieved tremendous progress throughout its second year. NAAEI's efforts to promote apartment industry careers and develop online and classroom training has shifted into high gear, with an Executive Vice President and funds in place. Read about NAAEI's plan for success in Accelerated Learning, page 65.
For Kristi Steward, CAM, building and maintaining a strong staff is one of the most challenging parts of her job as a Property Manager for Mid-America Apartment Communities. In For Florida State Graduate, Property Management Is a Colorful Career, page 71, she explains how the residential property management program at Florida State University Florida State University, at Tallahassee; coeducational; chartered 1851, opened 1857. Present name was adopted in 1947. Special research facilities include those in nuclear science and oceanography. helped to teach her how to manage effectively.
from NAA's Chairman of the Board, Joe Sharp, CAPS