The top storylines in multifamily this week are the Atlanta market, the perils of “unbroken” solutions, millennials and renting, being hardware agnostic, renewals, website accessibility, headwinds and tailwinds in multifamily, rising rents and construction surges.
The Advantages of Being Hardware Agnostic
Operators are seeking solutions that create convenience, reduce redundancies and establish single-source hubs to streamline operations. Multiple system logins have proven inefficient and problematic, turning property managers toward software that pairs with multiple hardware lines.
Industry Trends Report |Week of March 13
The top storylines in multifamily this week are rent reporting to credit bureaus, smoke-free apartments, net operating income, flexible rent payments, app tech that drives resident retention, ChatGPT uses and risks, construction soars, higher-income renters increasing and student housing rent growth.
The Three Cs of App Tech
Today’s prospective renter experience barely resembles the traditional model deployed in recent decades. It is now fully mobile and self-sufficient, and empowers renters with more control over the process from Day 1. So why does the post-move-in resident app experience often become so convoluted?
Rent Reporting Continues to Build Momentum
Momentum is growing among public officials, as well as members of the apartment industry, that residents who pay their rents on time and in full should see a corresponding benefit to their credit histories. Less than 10% of renters currently see payment history reflected in their credit histories.
Industry Trends Report |Week of March 6
The top storylines in multifamily this week are finding a good BTR market, rethinking pet restrictions, hoarding solutions, curb appeal is changing, the 2023 spring leasing preview, ChatGPT and multifamily marketing, oversupply won’t last, the math of renting over buying and the affordability crisis.
Tailoring Training to Retain Talent in 2023
Recruiting and hiring talent has grown into an exhausting and tedious task in the current labor climate, spurring many multifamily companies to shift their focus to retention. Keeping top talent requires a holistic approach, which includes customized training to empower and engage employees.
Industry Trends Report |Week of February 27
The top storylines in multifamily this week are pets, training and retention, flexible living, the “E” in ESG, the role of multifamily marketers, the brave new world for leasing consultants, developers sour on the Sunbelt, background checks and a record number of people are looking to move.
Industry Trends Report |Week of February 20
The top storylines in multifamily this week are application fraud, strengths-based culture, property marketing, tech implementation, proptech, tech stress, affordable housing, little distress for multifamily in 2023 and multifamily development outpaces single-family.
Xeal, Hunt Companies Partner for EV Charging at Hawaii Veterans Clinic
Xeal today announced an agreement with Hunt Companies, Inc. to install 19 Level-2 chargers at the Daniel Kahikina Akaka Department of Veterans Affairs Community-Based Outpatient Clinic in Kalaeloa, Oahu, Hawaii. Xeal’s installation of the chargers is expected to be completed in Q2 2023.