All the multifamily news you need
The top storylines in multifamily this week are outstanding outsourcing, younger generations and their pets, improving the move-in experience, happier residents stay longer, brand voice and SEO writing, supply spike hits markets and strong opposition to Biden's rental cap proposal.
The economic and multifamily market volatility of the last few years has left 2024 feeling like it’s moving at a glacial pace. Now, however, apartment supply, traffic and occupancy are reflecting more normalcy. Apartments on the Go examines this and gives a preview of the 2025 outlook.
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.
Technology can help solve many aspects of the new resident experience, but ultimately having an onsite team member show the renter their new home, answer any questions they have and provide a welcoming environment is most important.
Everyone loves rewards, especially when they get them for doing things they do every day. Ron Klein, Head of Product for Domuso, joins hosts Matt and Courtney to discuss how rewards programs create happy residents by growing the appeal of a property, increasing on-time payments and reducing turnover.
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.
Mill Creek Residential announced the acquisition of Alister Sunset Valley, a garden-style apartment community in the heart of South Austin. The three-story community, formerly known as The Park on Brodie Lane, features 290 apartment homes and was originally built in 1997.
Property teams are often so consumed by the process surrounding assistance animal accommodation requests that they tend to overlook a very important detail—there are benefits. Whether it's functionality, inclusivity or promoting overall harmony, assistance animals play a positive role.