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How to Survive the Next
Housing Bubble
Doug Chasick, CPM®, CAPS, CAS, Adv. RAM , CLP, SLE, CDEI
The Apartment Doctor™
AppFolio
Web-Based Property Management Software
Complete Solution Includes:

• Property management and accounting
• Online rent collection (free)
• Prospect / guest card tracking
• Marketing
• Website
• Payment processing
• Online applications
• Resident Screening

So You Run A More Successful Business
Grace Hill

• Leading Education Provider

• Apartment-Industry
Specific Training
• Vision Learning
Management System (LMS)

• www.gracehilllearning.com
Polling Question #1
Compared to my 2013 annual budget, my 2014 annual budget
has rent increases that are:

• The same as 2013 rent increase amounts
• Greater than 2013 rent increase amounts
• Less than 2013 rent increase amounts
The Predictions
7. The “Shadow
Market” lives
6. Another bubble is on the way
5. Jobs = households = demand
4. Location, location, location
3. Service will trump price
2. Inclusive pricing rules
The Number 1 Prediction:

Authenticity WINS!
Polling Question #2
In order to compete effectively, I must have:

• Access to my data anywhere, any time, using any device.
• Complete integration of my data through a single portal
• The ability to design custom reports
11/21/
13
1. All NOI is local
2. It’s all about your front line staff
3. It’s all about your customers
4. Maintenance rules
5. Be user-friendly
Polling Question #3
Based on these predictions, I feel that my co-workers and I need
the most development in this area in order to be competitive:

• Positioning ourselves as more desirable than the “Shadow Market”
• Improving customer service, and marketing this strength
• Streamlining our pricing
• Getting “real”
6. Fire worst customers now
7. Stop talking about retention –
just retain!
8. Measure or die
9. It’s all about the
10. Treat problems, not symptoms
Polling Question #4
I think the most important element of my 2014 management plan
should be:

• Increased training and development for all on-site staff
• Detailed and frequent measurement and analysis of KPIs
• Reviewing and revising systems to ensure efficiency
• My early retirement!
For more information
www.census.gov
www.corelogic.com
www.realtytrac.com
www.rentrange.com
http://www.nmhc.org/Content.cfm?ItemNumber=55508
Thanks for attending!
Doug Chasick, CPM®, CAPS, CAS, Adv. RAM , CLP, SLE, CDEI
The Apartment Doctor™

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