As we enter the dog days of summer, its time for pricers to look ahead. Things are usually good right nowwe have a strong tailwind from seasonality so rents and occupancies are trending upward nicely. And with various summer vacations going on, the pressure isnt quite as high as it usually ismost operators and executives are happy with the trends, and some of them arent even in the office today anyway.
But as anyone whos been doing multi-family pricing for any length of time knows, beware the coming of the 4th quarter. For though the kingdom seems at peace, we know that ill winds are about to blow. Come September/October, two things will conspire as we face what is often our biggest enemy: the BUDGET; and its almost equally evil sidekick, the operators bonus.Read More