PM Residential Management

Giving Our Best to Serve Others

PM Residential Management Logo


Episode 1

Introduction to PM Residential

In this video, we introduce Lyle Lansdell, the President & CEO of PM Residential Management, LLC, a national leader in multi-family investment and management. With over 40 years of multifamily experience, Lyle’s exceptional track record spans property development, acquisition, financial and asset management, and general management. Throughout his illustrious career, Lyle has professionally managed more than 40,000 multifamily units. As the founder and President of PM Residential Management, LLC, part of Praxis Capital’s multifamily platform, Lyle continues to shape the industry. His past roles include President of Springboard Housing, a nonprofit dedicated to affordable housing, and President of Grubb & Ellis Residential Management, where he built a national multifamily platform. Early in his career, Lyle served as CFO of SARES-REGIS Group and is also a Certified Public Accountant and member of AICPA. Join us as we delve into Lyle’s remarkable journey and his insights into the multifamily industry. Don’t forget to like, comment, and subscribe for more inspiring stories from leaders in real estate!

Episode 2

The One about Occupancy in Multifamily

In this video, Lyle Lansdell, President and CEO of PM Residential Management, dives into the critical topic of occupancy in the multifamily sector. With current market conditions, understanding the importance of maintaining high occupancy rates is more crucial than ever.

Lyle explains why focusing on occupancy is vital, especially in a slow or down market. He breaks down the significant costs associated with resident turnover, averaging $3,600 per unit, and the challenges of recovering these costs with new leases.

Highlighting the impact on Net Operating Income, Lyle illustrates how maintaining a high occupancy rate can preserve property value and reduce hidden costs associated with turnover. He also introduces innovative solutions like Artificial Intelligence (AI) software to optimize lease renewals and reduce turnover rates, ultimately smoothing out the lease expiration curve.

Lyle discusses the rising impact of delinquencies due to increasing interest rates and the importance of reviewing income qualification guidelines for new leases. He emphasizes the role of qualified traffic, closing ratios, and the power of social media in generating leads and enhancing the leasing process.

Finally, Lyle summarizes key strategies for managing occupancy, including moderate renewal strategies and the use of AI software for revenue optimization. By implementing these approaches, property managers can significantly improve their bottom line and be better prepared for future market changes.

Join us as we explore these insights and strategies for maintaining high occupancy rates in the multifamily sector. Don’t forget to like, comment, and subscribe for more expert advice from industry leaders!