Category: News

RPM Chief Economist on Home Equity Loan Rates

RPM Chief Economist Brad Dillman was featured in a CBS News article where he predicted home equity loan rates might fall, even if the Fed decides to hold rates steady at it's June Meeting. Brad stated that even if the "Fed's policy rate remains unchanged, we may see some decline in home equity loan rates due to narrowing spreads,"

Read More: Will home equity loan rates drop after the June Fed Meeting? Experts weigh in.

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RPM’s COO of Investments Chimes in on AI, Using Models to Predict Future Rent Growth

Josh Kahn, RPM’s Chief Operating Officer, was featured in a PERE article on the commercial real estate industry adopting AI. Discussing how managers are using models to predict future rent growth, Josh stated “these models will become more dynamic and start to incorporate asset-level characteristics likely to drive performance.

Read more: AI will give you your time back, PERENews.com

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RPM Chief Economist Talks Impact of Fed Policy on Housing Market

During his appearance on Bloomberg Businessweek, RPM Chief Economist Brad Dillman discussed the impact of Fed policy on home builders and the housing market. During the segment, Brad spoke on the difference between national inflation statistics and what's actually happening with rental prices, hinting at how looking at things regionally might give us a better handle on housing trends.

Read more: Bloomberg Businessweek: Fed Decision, Bloomberg Radio

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RPM Chief Economist Discusses Homebuilding and High Interest Rates

On "The Watch List," Chief Economist Brad Dillman addressed the Case-Shiller Index data released this week and the implications on homebuilding amidst high interest rates. Reflecting on the third consecutive month of rising home prices, Brad attributed this trend to a decade of underbuilding and low volume in the housing market.

Read more: How Higher Rates Have Impacted Homebuying, Schwab Network

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How to Connect Maintenance and Office Team Efforts to Drive NOI/Results | Mic’d Up with RPM - “Faces of Facilities” Episode

Listen or watch the Mic’d Up with RPM podcast now on YouTube and Spotify.   

In the third episode of Mic’d Up with RPM, Vice President of Facilities Cerwin Thompson and Regional Vice President of Facilities Darryl Manco discuss challenges inherent in the maintenance field and essential actions that lead to increased net operating income (NOI) and resident satisfaction. 

Facilitating internal cohesion between on-site leasing and maintenance teams is a central focus of Manco and Thompson throughout the podcast. This requires strategies to encourage each team to opt in, such as meeting shared goals or participating in cross-training, and even simply mixing the teams during engagement events and social activities in a more intentional way to build connection. 

Thompson shared that when the dynamic is off between service and office teams, it negatively impacts how the asset operates. Properties where the teams are collaborating effectively tend to see better resident retention and customer service, higher occupancy and higher NOI.   

The leaders also identified interpersonal respect as a simple but critical element to achieve this collaborative relationship among on-site teams – a team that trusts each person will do their job and do it well. 

Recruiting and retention is another key theme in this podcast episode. With today's competitive market for skilled service personnel, Thompson and Manco partner closely with the RPM Talent Acquisition team to find maintenance talent. Manco shares their approach of prioritizing service candidates’ potential over experience, recognizing that within their department, skills will be developed. (Find the role for you at RPM at rpmliving.com/careers/.) The leaders stressed the value of learning from errors and how to view challenges as opportunities for progress, a philosophy regularly modeled to their teams.  

 “[Take] the pride out of it. We're all going to make mistakes, and mistakes are what help us grow…just dust yourself off and pick yourself back up and keep moving forward,” Thompson says, candidly sharing a time his mistake led to the burnout of several transformers. 

Manco and Thompson also suggest that a balance of centralization and decentralization currently yields the most efficient workflow for maintenance and that, even with technological advancements like artificial intelligence, human involvement remains indispensable in the service field. All of this requires associates to hone their adaptability skills while staying abreast of new technologies to streamline processes.   

RPM's distinctive programs and people-centric culture significantly contribute to retaining top talent. In addition to the dedicated Town Hall meetings that include interaction between on-site associates and corporate leadership, associates appreciate weekly pay for on-site teams, annual surveys, diverse employee engagement initiatives, active recognition through events like Service Appreciation Week, and various other benefits that solidify RPM as a preferred workplace for maintenance teams. 

 

About Mic’d Up with RPM, an RPM Living Podcast

From insights to inside jokes. Hot topics. Hard topics. Stories of people and the things that matter (inside the multifamily industry and out). Mic'd Up With RPM, an RPM Living podcast, is unpacking today’s hottest multifamily, customer experience and business topics with RPM thought leaders and subject-matter experts from a variety of industries and backgrounds.

Hosted by VP of Marketing Relations Tony Sousa, Mic’d Up With RPM is available on Spotify YouTube.

 

Service Appreciation Week 2023

 

Service Appreciation Week 2023

 

Service Appreciation Week 2023

 “It doesn't matter if you're the groundskeeper or the CEO of our company, at the end of the day, everyone [must] feel valued. And when we do that, we create this culture where people love going to work, right?”, Manco proposed. 

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About RPM Living   

RPM Living is a full-service multifamily management company offering an innovative and personalized approach to real estate services including management, investment and development. Headquartered in Austin, Texas, RPM is ranked #3 on the NMHC Top 50 Largest Apartment Manager list, managing more than 180 clients, 12 regional offices and 226,000 units, with an owned portfolio of $3 billion. Founded by Jason Berkowitz in 2002, the firm has grown to 4,500 associates nationwide spread across over 50 markets, all of whom share the collective vision to enhance clients’ investments through customized solutions and exceptional resident-centric service. To learn more about RPM, visit RPMLiving.com 

For the latest news, visit RPMLiving.com/blog. Listen or watch Mic’d Up with RPM now on YouTube and Spotify.    

SVP of Risk Management & Insurance Featured on Texas Multifamily & Affordable Housing Business Magazine

Shanna Berrien, Senior Vice President of Risk Management & Insurance at RPM Living, chimes in on surging insurance costs. "Insurance costs are having a domino effect within the multifamily industry," Berrien states that "Multifamily has large values at risk, so it's not the most attractive type of real estate for insurers."

Read more: Multifamily Owners Grapple With Surging Insurance Costs, Texas Multifamily & Affordable Housing Business

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