All the multifamily news you need
Aerwave, a managed WiFi platform for the multifamily industry, today announced it has hired Ed Wolff as its president and chief revenue officer. Along with the appointment of Wolff, Charles Walker will be promoted to chief operations officer and Daniel Jensen will transition to chief strategy officer.
Grace Hill today announced the launch of an enhanced online reputation management solution designed to help multifamily communities streamline their online reputation and protect property brands. It also provides a consolidated view of overall performance and key metrics.
The top storylines in multifamily this week are irresistible amenities, improvements to drive NOI, avoiding rent concessions, tech and the human touch, collecting rent in today's economy, pet data, the modern American Dream, maintenance appreciation and Chicago set to boost multifamily supply.
To combat stagnant rent as well as supply issues, many operators implement traditional concessions, which can be short-sighted and more costly in the long-term. Concessions can ultimately be a slippery slope and detrimental to the bottom line and overall property performance.
According to The New American Dream Report recently released by the property software management company Entrata, 41% of renters claim their American Dream has nothing to do with homeownership. In fact, 20% anticipate being lifelong renters, which represents a 33% increase from 2021.
Several owners and operators share their thoughts about the types of capital improvements likely to prove effective in the current market—and those less likely to work—as well as their optimal processes for determining which upgrades to move forward with.
Gone are the days when four walls and a roof would suffice. Renters seeking a community that caters to their lifestyle and goes beyond the basics, and multifamily must adapt to meet these evolving demands. Convenience features enhance resident satisfaction and boost NOI.
Domuso, a digital payment platform transforming the way the multifamily industry collects and manages rent, today announced the release of Payment Insights, a comprehensive dashboard that provides an in-depth analysis of portfolio-wide payment activity.