The top storylines in multifamily this week are automation and centralization, getting ready for EV charging, avoiding team burnout, tight market brings bidding wars to multifamily, the increase of ESG in multifamily and paying rent to evicted residents.
The decision by all major auto manufacturers to offer EVs and PHEVs in affordable, midsize, and luxury models has driven up appeal, meaning EV charging stations are beginning to shift from amenity to necessity.
The top storylines in multifamily this week are supporting and optimizing onsite teams, technology to make leasing teams perform better, planning and implementing EV charging stations, the barrier and regulation cost in development and creating better experiences in affordable housing.
Lifting breed and weight restrictions for our four-legged friends and generally becoming more pet-inclusive can create significant financial gain for multifamily communities, such as increased NOI and higher resident-retention rates.
The top storylines in multifamily this week are sustainability becoming a resident requirement, the next wave of CRM capabilities, remote work amenities for residents, revenue recovery, AC maintenance, and rolling out the welcome mat for pets.
The work-from-home boom has given residents more of a practical approach when seeking amenities, and co-working spaces, private workstations, reliable Wi-Fi and conference rooms are often more important than a panoramic rooftop view.
The top storylines in multifamily this week are building tenured multifamily teams, streamlining the application process, evictions and onsite teams, changing the perception of renters, GenZ’s effect on multifamily and pet policies to attract renters.
Apartment owners and operators are constantly devising ways to stand out in the market. An uptick in pet-friendliness and a rethink of pet amenities has the potential to attract a wider pool of residents and keep existing residents in their homes.
The top storylines in multifamily this week are expediting evictions to maximize revenue, wireless technology in multifamily, the importance of cybersecurity at communities, Biden’s housing action plan, cost-per-unit jump and the green resident wave.
Owner/operators have been told for years that the green boom was on the way. The truth, however, is that the green resident wave is already bearing down on multifamily. As environmentally conscious residents begin to dominate the leasing market, the green buildings are set to rise above the competition.