All the multifamily news you need
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.
The top storylines in multifamily this week are pet restrictions, outdoor amenity conversions, transit-oriented development, proptech challenges, selecting the right chatbot, variable-capacity tech for HVAC, construction report, housing affordability and criminal background checks.
Service providers in any industry know the secret to repeat business is rooted in how they treat their customers. Regardless of the product, customers expect a top-tier experience throughout their entire purchasing cycle, from the initial search to post-purchase and all the interactions in between.
Grace Hill, the innovator of customer management solutions for multifamily real estate, today announced the launch of text/SMS survey delivery for KingsleySurveys. This new delivery option enables multifamily property managers to increase the number of survey responses from campaigns.
The top storylines in multifamily this week are the Atlanta market, the perils of "unbroken" solutions, millennials and renting, being hardware agnostic, renewals, website accessibility, headwinds and tailwinds in multifamily, rising rents and construction surges.