Multifamily operators also know the true value of resident satisfaction and its impact on retention and attracting new renters. Although it is impossible to please all residents all of the time, innovative solutions are getting operators closer to that ideal than ever before.
Industry Trends Report | Week of April 22
The top storylines in multifamily this week are modern amenities, celebrating teams, best practices for resident bullying, digital infrastructure, centralization, job growth boost optimism, multifamily housing playing a bigger role and apartment starts drop 43% from 2023.
We Have A Wi-Fi And Digital Infrastructure Problem: What Do We Do?
As an extension of smart amenities, a connectivity foundation streamlines the Wi-Fi experience for both owners and residents. Technology is getting increasingly sophisticated and it is more important than ever for operators to ensure community networks are operating optimally.
Modern Amenities: Five Ways Tech Redefines Multifamily Living
Younger generations, who are the primary drivers of the rental housing industry, now expect a living experience that delivers a new level of convenience and comfort. It may sound harsh, but renters may refuse to rent in a community that fails to adequately meet their tech preferences.
Grace Hill Launches Holistic Multifamily ORM Solution
Grace Hill today announced the launch of an enhanced online reputation management solution designed to help multifamily communities streamline their online reputation and protect property brands. It also provides a consolidated view of overall performance and key metrics.
Industry Trends Report | Week of April 8
The top storylines in multifamily this week are irresistible amenities, improvements to drive NOI, avoiding rent concessions, tech and the human touch, collecting rent in today’s economy, pet data, the modern American Dream, maintenance appreciation and Chicago set to boost multifamily supply.
The Changing Economy and Its Impact on Rent Collection
To combat stagnant rent as well as supply issues, many operators implement traditional concessions, which can be short-sighted and more costly in the long-term. Concessions can ultimately be a slippery slope and detrimental to the bottom line and overall property performance.
Community Improvements That Drive NOI
Several owners and operators share their thoughts about the types of capital improvements likely to prove effective in the current market—and those less likely to work—as well as their optimal processes for determining which upgrades to move forward with.
Beyond Four Walls: Crafting Irresistible Amenities
Gone are the days when four walls and a roof would suffice. Renters seeking a community that caters to their lifestyle and goes beyond the basics, and multifamily must adapt to meet these evolving demands. Convenience features enhance resident satisfaction and boost NOI.
A Proactive Guide to Preventive Maintenance at Pet-Friendly Properties
While the pet-centric policy change is a bold move and sure to attract pet-owning residents, more pets on-site mean more challenges with property upkeep. Fortunately, property teams can take a proactive approach to maintenance to help ensure things operate as smoothly as possible.