This week’s top storylines in multifamily include: the continued growth of chatbots, reasons affordable housing will thrive, California Senate Bill 1157, Gen Z looking to buy, the multifamily opportunity in aging office parks and the increase in apartment price.
Among the top storylines in multifamily this week: NMHC Annual Meeting proves to be a new beginning, the top considerations when selecting an access control system, the vast benefits of building a strengths-based multifamily organization, a report says multifamily and single-family rentals will continue to thrive, Boomers are retiring to more places than the Sun Belt and multifamily’s embrace of QR codes.
SB 1157—a new California Senate Bill—requires operators of multifamily units in California that receive federal, state or local subsidies to offer each resident in a subsidized apartment home the option of having their rental payments reported to a major credit bureau.
This week’s top multifamily headlines: building and developing the right teams, mitigating disaster with smart home tech, self-guided tour best practices, the FHFA’s extension of the eviction moratorium, property management labor issues persist and supporting the contactless community.
The top storylines in multifamily this week: vertical integration benefits, challenging the fee myth, study finds renters moving to larger apartments, workforce housing set to get a boost, development outlook on the mend and the necessity of high-speed Internet.
The past 12 months have been hard on us all. Apartment leasing – and life in general – have felt upside down at times. But the leasing experience during the pandemic is not an anomaly. Instead, with its proliferation of touring options like self-guided tours and video tours, it points the way to the future.
The biggest news in multifamily this week: how short-term rentals have adapted, the state of lead sourcing in multifamily, the right tech to maximize ROI, the impact of remote work on housing, construction delays due to high prices and scarce resources and apartment dwellers choosing not to move.
The most important multifamily news of the week: leasing lessons learned during the pandemic, event opportunities this spring, single-family rental operators becoming common buyers of new homes, rent prices show largest jump in April since 2017, NAHB asks Biden administration to address lumber costs, and investors are walking away from ‘walkability.’
One area where property managers need to up their game is sourcing their leads. An Anyone Home analysis of one large operator found the company’s lead source accuracy was only 56%. In my experience, this stat is far from uncommon across the industry.
This week’s top storylines in multifamily: trends in post-pandemic rental housing, consumer demand for environmentally conscious designs, the nuances of assistance animals in rental housing revealed, smart rent goes public in $2.2 billion merger, developers struggling with lumber prices and an increase in demand for multifamily professionals.