All the multifamily news you need
Whether it’s grocery delivery, meal kits or streaming services, consumers have shown they're willing to pay extra for added value. But when does a convenience fee become a junk fee? As governments scrutinize fees, it's crucial to distinguish between unnecessary costs and those that genuinely reflect the value…
Benchmarking plays a critical role in organizational success, allowing companies to compare business processes and performance metrics to industry bests or best practices from competitors and other businesses. This enables organizations to identify areas for improvement, set realistic goals and implement strategies
Solutions that streamline workflow while automating both preventive maintenance schedules and early detection alerts empower maintenance technicians to stay a step ahead of their properties' needs. The results of a proactive approach are enhanced asset integrity, improved resident retention and a collective cost savings.
The top storylines in multifamily this week are third-party management, more 2025 goals, multifamily priorities, happier teams and residents, AI in real estate decisions, pricing algorithms, three-day evictions bill, Grace Hill names new CTO and VP of Growth and housing starts favor multifamily and BTR.
In the realm of property management, rentable amenities present an often-overlooked revenue opportunity. It's not that residents don't want to use these spaces, it's often a matter of not knowing how. These items can generate new income streams while enhancing the resident experience.
By leveraging tools such as interactive visual maps, multifamily operators can showcase virtual tours and pictures of their community and apartments, as well as real-time availability and all-in pricing of individual units—all from a single platform. This approach sets an industry standard for convenience, efficiency, and transparency.
We can all agree that both resident and employee satisfaction are important to maintaining the balance in happiness within a community. When leasing teams are overwhelmed, they can't provide those critical social interactions with residents. When residents don't feel a connection with the community, they are less likely…
Zark announced a major expansion of its parking management solutions, adding Zark Rentable Items. This enhancement provides hourly, daily and monthly rental of amenities, parking and storage-related items, allowing owners and operators to realize new revenue opportunities from a more efficient rental process.