The top storylines in multifamily this week are renters driving innovation, co-living and the affect on housing, tips for hiring the right people, pet technology, package management, bicycle amenities, the multifamily construction pipeline, distress in the CRE market and the revival of small multifamily homes.
While a smooth-running property is part of the equation, the most important component to driving renewals is to think of retention more holistically and provide residents with true optionality at the point of renewal. Retention can and should be about more than just keeping a resident in their current home.
Renters are modern. They expect to be able to manage their lives from the palm of their hand, and that includes their living spaces and rental experience. Today’s renters demand flexibility, affordability and options. They want it provided by their apartment community — and they want it now.
The top storylines in multifamily this week are pet inclusiveness, optimizing your waste programs, location and apartment branding, AI and property management, urban tech, parking problems, the current state of CRE, fall maintenance checklist and slowing rent growth.
Creating a pet-friendly community isn’t as easy as simply reducing restrictions and allowing a free-for-all atmosphere. A measured approach is required, and the suggestions above will help ensure that properties are not only pet-friendly, but pet-responsible, as well.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced its expansion into Utah and the greater Salt Lake City market. Mill Creek’s regional office in Salt Lake City will mark the company’s 21st in the U.S.
Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., today announced construction is underway at Modera Westside Trail, a luxury midrise apartment community in Atlanta’s West Midtown neighborhood.
There are multiple facets to pet-inclusivity, beginning with pet-friendly policies and regulations. By establishing clear and concise pet policies, operators set the foundation for a harmonious coexistence between associates, pet owners and non-pet owners.
PetScreening, which offers the rental housing industry’s first and leading pet policy management software at no charge to property owners and managers, today announced it has been named to the 2023 Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America.
Simply allowing pets is a solid start to attracting today’s renters. Reducing or eliminating breed and weight restrictions is even better. But as part of an effort to increase pet-friendliness at apartment communities, operators must address another key facet—promoting responsible pet ownership.