News, Analysis and Perspective for Multifamily
Rent. announced the launch of Rent. Lease360°, a 360-degree, turn-key offering designed for low occupancy and new lease-up situations. The solution is a comprehensive way for modern multifamily marketers to build integrated, omnichannel marketing for properties.
The top storylines in multifamily this week are apartment transactions, pressure on PMs to maintain profits, residential conversions, maintenance centralization, paths to efficiency, tips for effective reputation management, home-buying pessimism and the Fed unleashes a 10th interest rate hike.
The top storylines in multifamily this week are new methods for resident retention, combatting rent growth decline, employee retention, automation and renewals, AI, problems with climate data, flex living, the amenity wars and cities where rent is growing.
The industry is constantly seeking ways to increase net operating income, make daily tasks more efficient and give valuable time back to team members. It seems only fitting for operators to take the same approach with renewals, considering their pronounced impact on an organization’s bottom line.
The typical industry reaction to headwinds is to batten down the hatches, but inflation rates limit the efficacy of reductions. Cuts can trim budgets but also impair retention efforts. Operators are finding renewals, new revenue streams and NOI strategies better positions them to weather the storm.
The top storylines in multifamily this week are Renew launches, preparing for disasters, fraud prevention in BTR, optimizing access control, replacing social perks with tech tools, unsexy amenities that attract renters, multifamily values drop, the strength of Columbus, Ohio and WOTUS veto.
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.
Community events and amenities that encourage social interaction used to drive renewal rates and increase resident satisfaction. The idea was if residents form relationships with one another they would be more likely to renew their lease. That isn’t the case anymore.