All the multifamily news you need
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.
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.
Operators are taking unprecedented steps to combat the hiring and employee-retention challenges currently facing the industry. They need to not only take a closer look at overall associate satisfaction, but also work to identify and eliminate specific employee pain points.
When it comes to evictions, time is of the essence. Extensions, delays and restarts during the eviction process means lost revenue. To expedite evictions, avoid hiccups and keep delinquency time as low as possible, it’s crucial to know what is causing the delays.
The top storylines in multifamily this week are automation and human interaction in leasing, credit reporting and rent payments, healthy company culture, rising insurance premiums, automating evictions and the financial benefits of easing pet restrictions.
Given a choice, onsite team members won’t rush to initiate the eviction process on their own. Balancing the business side and the personal relationships can be a challenge. So, why aren’t evictions automated? Why does the process rely on associates who are disinclined to engage in evictions in…