HOT & RELEVANT TOPICS
NMHC Annual Meeting: A New Beginning
Proptech, the growing single-family rental space and the practicality of working from home were among the prominent topics of discussion at NMHC’s recent Annual Meeting in San Diego. In his blog summarizing the conference, consultant Donald Davidoff notes that while “there was a wide variety of specific opinions, the general consensus was that the biggest challenge with work-from-home is developing and maintaining culture, especially with new associates. Most panel participants were already having a partial return to the office, expecting a major return in the fall. Some will go hybrid (3 office/2 home) as the norm, while others will expect full office attendance.”
Top 5 Considerations When Selecting an Access Control System
When it comes to choosing an access control system, operators have a multitude of options. But not every product fits every community, so operators have to be careful when selecting the system that’s right for them. As part of their analysis, operators should consider the required hardware, how the system will be used and how often it will be needed, how access credentials will be assigned and the role they want the solution to play in self-guided tours.
The Vast Benefits of a Strengths-Based Organization
In many industries, including multifamily, associates are put into roles that don’t fit their personal strengths. This counterproductive practice prevents companies from benefiting from associates’ natural abilities and tendencies. Companies that use a strengths-based approach – in which an organization maximizes a team member’s key attributes instead of focusing on reshaping shortcomings – avoid this trap. When utilized properly, this approach produces immediate benefits through more authentic, enthusiastic and productive team members.
IN THE NEWS
Report: Multifamily, SFR Should Continue to Thrive
The Federal Housing Finance Agency (FHFA) extended the eviction moratorium for Fannie Mae and Freddie Mac multifamily Moving forward, the multifamily and single-family rental markets are poised to remain the fastest growing segments of the U.S. housing market. That’s the conclusion of a new report from DBRS Morningstar. According to the report, multifamily and single-family rentals will experience growing demand because an increasing number of households are being priced out of homeownership as a result of ballooning home prices, high levels of personal debt and stagnant wages.
Where Are Boomers Moving to Retire?
For baby boomers who can afford it, warm weather states like Florida and Arizona are still popular relocation destinations for their retirement years. But it’s no longer just warm weather areas that are experiencing this influx in boomers. Cities like Denver and Indianapolis – which can feature frigid, snowy winters – are now among the top 10 moving destinations for this demographic, as well. That’s because a greater number of boomers want to retire near their grandchildren – and that’s an important dynamic for developers of senior housing to consider as they contemplate where to focus their activities.
Multifamily’s Embrace of QR Codes Is Here to Stay
People have always wanted the ability to choose how they interact with staff in any industry, either directly or with little contact. However, the pandemic has made the choice much more prevalent in multifamily. There is contactless everything. For example, property tours, rent payments, maintenance needs and deliveries can all be facilitated and completed via technology, withoWhile QR codes have been in existence for more than two decades, it was only during the pandemic that multifamily operators, faced with a sudden need to provide contactless experiences, began using the technology on a widespread scale. Looking ahead, apartment managers expect QR codes to remain a visible component of prospect and resident interactions. “There’s very little cost involved,” Joseph Deardurff, property manager at Marquette Management, told Multi-Housing News. “Many consumers have come to expect it and know how to use it and feel comfortable doing so. It allows us to be available to them in a way that is familiar to them.”