Evictions are as old as multifamily housing. Unfortunately, so is much of the technology that supports eviction practices. It is time for the industry to deploy modern systems and eviction solutions that save time and effort, and that limit the potential for errors and inconsistencies, and aid in debt recovery.
In multifamily, inconsistent practices deliver consistently sub-optimal results. Lack of clear direction, varied application of community policies and incongruent actions by onsite associates hamper operational success and tarnish the resident experience.
After a series of extensions, the eviction moratorium now in place until October 3 – should be the last, on a national scale. The Federal Housing Finance Agency’s eviction moratorium for Fannie Mae and Freddie Mac-backed properties is slated to expire at the end of September.
Multifamily property teams know their communities better than anyone else. They know the grounds, amenities and property layout like the back of their hands, and their relationships with residents almost make them extended family.