The top storylines in multifamily this week are revolutionizing delinquency solutions, capturing the attention of renters, talent and supply chain issues, parking and reputation, digital marketing strategy, resident retention, renter preferences, the battle over service fees and owners doing more with less.
While the typical industry reaction to rent growth decline is to batten down the hatches, operators are finding that focusing on resident renewals and identifying new NOI strategies within day-to-day operations better positions them to weather the storm.
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.
Property managers are expected to flawlessly run point on evictions in addition to the myriad of responsibilities already on their plates. Automated solutions integrated with your property management system can handle all eviction paperwork, ensuring compliance throughout the process.
Resident Interface today announced it will add Hunter Warfield, the company’s delinquency collections service, to Buildium Marketplace, a suite of cloud-based property management applications. The move allows the multifamily industry easy access to third-party collections services.
Resident Interface’s Possession Partner, multifamily’s only comprehensive revenue recovery management solution, today announced the addition of over 150,000 units utilizing the platform. It is available in Florida, Texas, Georgia, Tennessee and Maryland with an upcoming move into California.
Persky-Hassman, who brings more than 30 years of experience in sales and multifamily on both the residential and supplier-partner sides, is focused on adding California to Possession Partner’s service lineup by Q4 of this year.
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 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.
When faced with delinquent renters, owner/operators and onsite teams can face up to four stages of revenue recovery. The quicker each stage is addressed, the quicker it may be resolved. Early and automated communication with the resident is key to achieving success, and recovering lost revenue.