All the multifamily news you need
The top storylines in multifamily this week are marketing after peak season, who should handle parking in a community, 2024 Voice of the Property Manager, fraud detection, interactive maps for maintenance, multifamily absorption hits record levels, CRE in the Trump Administration and California voters reject rent control.
The top storylines in multifamily this week are resident incentives, hybrid work shapes design, smoking and accommodation requests, how AI is transforming maintenance, centralization popularity rising, project delays, oversupply conditions improving and how the rate cut affects multifamily investing.
Rewards motivate residents to continue engaging in business-aligned, positive behavior, and a points-based cash-back program makes them happy to pay rent or refer someone to a community. When residents are happy, they will let others know either by way of an online review or word of mouth.
The top storylines in multifamily this week are the benefits of assistance animals in a community, approaching technology, combatting package theft, disappearing parking minimums, simplifying centralization, proptech roundup, San Jose waives building fees and rent growth may affect interest rate cuts.
Zark Parking Solutions announced that the parking solutions provider has experienced more than 300% growth in 2024. The company also completed the launch of a responsive web app that guarantees access to Zark from anywhere on any device and at any time.
Multifamily operators also know the true value of resident satisfaction and its impact on retention and attracting new renters. Although it is impossible to please all residents all of the time, innovative solutions are getting operators closer to that ideal than ever before.
The top storylines in multifamily this week are modern amenities, celebrating teams, best practices for resident bullying, digital infrastructure, centralization, job growth boost optimism, multifamily housing playing a bigger role and apartment starts drop 43% from 2023.
To combat stagnant rent as well as supply issues, many operators implement traditional concessions, which can be short-sighted and more costly in the long-term. Concessions can ultimately be a slippery slope and detrimental to the bottom line and overall property performance.