Delinquencies are one of the rental housing industry’s most persistent challenges. Late or absent rent payments cause significant financial risk for properties and pose major operational disruptions that impact residents and operators alike.
Trilogy Real Estate Group, a Chicago-based real estate investment, management and development firm, today announced the opening of The Commons at Rivertown, a garden-style apartment community located near Grand Rapids in West Michigan’s emerging Grandville area.
As a multifamily property owner or manager, reputation stands as a cornerstone of your enterprise. In a dynamic and competitive market, it can make or break your success. Parking holds a high rank in the hierarchy of priorities for renters as they gather information about their future home.
The top storylines in multifamily this week are faster renewal decisions, pest control, empathy-driven design, social media metrics, scalability in package management, Kansas City’s tech boom and housing, cities building the most apartments, Gen Z and millennial preferences and apartment growth in 2024.
Birchstone Residential today announced the addition of multifamily veteran April Royal as vice president of property management. Royal will oversee regional and onsite operations across Birchstone’s portfolio of 14,000 apartment homes in Florida, Georgia, Texas and North Carolina.
Trilogy Real Estate Group, a Chicago-based real estate investment, property management and development firm, today announced that move-ins have commenced at The Hallon, a mixed-use apartment community located in west suburban Minneapolis.
PetScreening today announced that Senior Director of Multifamily Pat Patterson has been named a 2023 Multifamily Influencer by GlobeSt. Real Estate Forum. As part of the award, Patterson is profiled in the publication’s October issue and is also recognized on GlobeSt.com.
The benefits of higher retention rates are clear: when a resident stays in their unit, that means reduced turnover costs and marketing expenses. One operator has even shared that strong retention rates mean less stress—and thus increased job satisfaction and better mental health—for onsite teams.
The top storylines in multifamily this week are modern incentives, mistakes for PMs to avoid, what Star Wars can teach about multifamily, updating operations, artificial intelligence, shareable EVs, reframing multifamily management, insurance woes and California caps security deposits.
Property management companies are finding the greatest leaps in property performance have been realized not through adding on new technologies but implementing more comprehensive solutions that completely supplant outdated practices and actually solve the right problems.