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Multifamily
5 Tech Takeaways
NMHC OPTECH 2019 in Dallas was the place to be for multifamily real estate execs seeking strategies to raise their game using technology — especially looking ahead to a likely downturn. In lively peer roundtable discussions and dynamic property and revenue management workshops and sessions, industry insiders dove into the big issues facing multifamily businesses. […]
Streamline Leasing
Are you looking for a more efficient way to convert quality prospects into satisfied residents? Streamline the leasing process through integration and automation. Software Integration Switching between independent leasing, management, and accounting programs ensures that your data will be incomplete or pocked with errors. At best, there is a lot of redundant data entry. Each […]
11 / 21 / 19
Multifamily Rolls On
The latest Yardi® Matrix U.S. multifamily market update illustrates good overall performance in the sector, with strong demand, steady new supply and consistent rent growth among the key characteristics. Demand for multifamily housing, driven by rising divorce rates, an aging population, and young people delaying marriage and raising children, figures to remain strong for the […]
Coliving is Here
You’ve heard about coworking, but how about coliving? Now is the time to learn more about this urban rental trend that’s gaining momentum with young renters across the country, including millennials looking to save money by sharing amenities. Not sure how this trend applies to your business? If you’re a multifamily property manager, you’ll want […]
11 / 11 / 19
Market Trends
Have you found it easier to move those three-bedroom units than before? For decades, larger units were tougher to rent. That narrative has changed in the recent years. New data projects the trend is likely to continue—and 3.6 million families may enter the rental market. Single-family rentals have experienced an ascent in popularity. The demand […]
Your Next Property Manager
Do you feel like you’re always hiring? You’re not alone. Multifamily property management turnover ranges from 21-54 percent. While there are many variables, you may experience low staff retention when prospective new hires lack necessary personality traits for the job. The requirements of today are different than even a five years ago. Modern property managers […]
10 / 29 / 19
Resident Retention
Want to know how to score more lease renewals? Part of your branding, resident culture, is key in transforming residents into long-term community members. The tips below will help you highlight resident culture as an asset. What is resident culture? Resident culture is part of your multifamily branding efforts. Branding is a broad umbrella that […]
10 / 25 / 19
6 Halloween Ideas
By now, you’ve (hopefully) set the date and time for your Halloween event. Are you still struggling with the details on how to make it special? We’ve got your back. Check out these Halloween party ideas for multifamily communities. Let your residents do most of the work Community Boo Game The Boo Game is like […]
10 / 17 / 19
A Safe Haven
Virtually all signs are positive for the U.S. multifamily market, notwithstanding a $1 decline in the average rent in September 2019. In fact, a new national report from Yardi Matrix characterizes the sector as “the picture of stability” amid slowing overall economic growth, gyrating equity markets and international trade tensions. Rents are up 2.9% year-to-date […]
Online Payments
Are online payments really worth the fuss? The short answer is yes! But don’t take our word for it. Check out seven reasons why online payments are a necessity for successful communities. Renters Seek Convenience Today’s residents love their smartphones. “According to recent reports, the average American checks their smartphone almost 50 times per day. […]
10 / 07 / 19
Embark on Automation
When it comes to customer service, your residents aren’t asking for the moon. They just want relevant responses and timely help. Fortunately for property marketers and managers, automation solutions make this “dream land” a reality. These powerful tools help you not only meet those expectations but soar above them. At the upcoming 2019 Florida Apartment […]
Protect + Serve
With regard to amenities, have you considered offering your residents access to credit building and protection from identity theft? These services can provide more value to your renters than you might have guessed. Identity theft and fraud are estimated to impact five out of 10 Americans. For the majority of residents, rent is their largest […]
09 / 23 / 19
Recession-Proof Properties
As we head into uncertain economic times, is your multifamily portfolio recession proof? Now more than ever, you need data you can trust and a smart revenue management strategy to set competitive rental prices, maximize occupancy and spend marketing dollars wisely. And, with the arrival of artificial intelligence and machine learning to inform business intelligence, […]
Is Bigger Better?
Units are getting smaller as apartment buildings grow larger for the first time in history. Interestingly, these large buildings are indicative of the nation’s troubled relationship with rental housing Characteristics of New Housing Report Bloomberg reports that developers completed 211,000 new housing units in about 2,000 buildings with 50 or more units. That’s the largest […]
09 / 02 / 19
On Brand
You’ve got the location, the amenities, the staff and the software you need to manage your properties. So what’s missing? Why are apartments sitting vacant and renewals at an all-time low? It might be time to reconsider your brand. In this age of customer experience, your brand is critically important. It sets customer expectations for […]
08 / 23 / 19
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