All the multifamily news you need
April is National Fair Housing Month, celebrating the 56th anniversary of the Fair Housing Act. It's essential for owners, operators and property managers to embrace these laws. However, 2025 could see significant modifications to Fair Housing regulations, and multifamily teams will need to stay on top of the…
Benchmarking plays a critical role in organizational success, allowing companies to compare business processes and performance metrics to industry bests or best practices from competitors and other businesses. This enables organizations to identify areas for improvement, set realistic goals and implement strategies
Effective reputation management can lead to higher occupancy rates, resident retention and reduced marketing costs. This proactive approach not only enhances the property's reputation but also translates to significant financial benefits, making it an essential strategy for sustainable management.
As the old adage goes, the only constant is change, and CRE is undergoing a massive one. The current economic climate places commercial real estate in an increasingly complicated and nuanced position and the focus has shifted to value creation for tenants.
Taking a one-size-fits-all approach to leadership and employee recognition results in teams feeling unseen and quickly uninterested. Recognizing potential self-starters, nurturing their ambitions and mentoring them through the early stages of their careers are the best ways to build successful teams.
Data is a key component in the success of commercial real estate but data alone isn't enough. You need benchmarks to contextualize that data. Industry benchmarks provide a framework for evaluating performance against competitors, highlighting strengths and weaknesses and identifying trends.
Regardless of what type of commercial real estate you manage, improvements to tenant satisfaction are central to a healthy bottom line. There is quantifiable evidence of a direct correlation between the contentment of tenants and renewal rates, and higher gross and effective rents.
When things are going well, people tend to let them be. “If it ain’t broke, don’t fix it” is the standard approach when everything flows smoothly. But, what if those “unbroken” solutions are actually causing hidden problems because all the focus is placed on other things?