Communitywide connectivity can improve smart communities by providing stability for property technologies and smart-home devices. Community WiFi can be leveraged to boost lead conversions and resident retention, SmartRent notes.
Industry Trends Report | Week of May 22
The top storylines in multifamily this week are ESG reporting, pet-centric amenities, combatting rent growth loss with revenue recovery, pet tech, selecting proptech, ChatGPT and real estate, the dying American Dream, popular amenities and government lending.
Former GoPro Marketing Executive Paul Crandell Joins Xeal
Xeal, a leading provider of EV charging technology, today announced Paul Crandell as its first Chief Marketing Officer. Crandell will spearhead Xeal’s branding and marketing initiatives, further establishing Xeal as the most reliable EV charging solution for commercial and multifamily real estate.
Beyond Allowing Pets: The Rise of Pet-Centric Amenities
It’s no secret that apartment operators have boosted their levels of pet-friendliness in recent years in an effort to capture a significant subsection of renters—the pet-owning resident. But being genuinely pet-friendly goes beyond simply allowing pets.
What Happens When a Community Suspends Resident Coffee Service?
Imagine how an apartment resident would respond if their community suddenly suspended its traditional morning coffee service at their leasing office. Lisa Tully-Tavian, CMO at Sentral, said for residents who chose not to renew, halting the free coffee was on the list.
A Healthy Bottom Line Requires Happy Tenants
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.
Industry Trends Report |Week of April 17
The top storylines in multifamily this week are new methods for resident retention, combatting rent growth decline, employee retention, automation and renewals, AI, problems with climate data, flex living, the amenity wars and cities where rent is growing.
NOI Drivers Combat Rent Growth Decline: New Revenue Streams
The typical industry reaction to headwinds is to batten down the hatches, but inflation rates limit the efficacy of reductions. Cuts can trim budgets but also impair retention efforts. Operators are finding renewals, new revenue streams and NOI strategies better positions them to weather the storm.
Industry Trends Report |Week of April 10
The top storylines in multifamily this week are Renew launches, preparing for disasters, fraud prevention in BTR, optimizing access control, replacing social perks with tech tools, unsexy amenities that attract renters, multifamily values drop, the strength of Columbus, Ohio and WOTUS veto.
Industry Trends Report |Week of April 3
The top storylines in multifamily this week are assistance animals, co-living and micro units, ten women to watch in multifamily, eviction automation, IoT, flexible rent payments, migration trends and development, Generation Renter and job openings rise in multifamily.