All the multifamily news you need
The top storylines in multifamily this week are building a 21st century maintenance team, eliminating parking minimums, winning over NIMBYs, the future of apartment websites, management trends, renters are staying longer, Jen Tindle joins Grace Hill and only five markets were over 3% in rent growth.
When it comes to towing in multifamily communities, nobody wins — except the tow companies. For everyone else, there's zero upside. So, how do owners and operators change the game? By fixing parking and managing expectations, and ultimately improving the resident experience and net operating income.
Leasing has always been a complex and dynamic journey. Now, the immersive digital components required for modern leasing and touring have augmented the intricacies of those processes—particularly when it comes to apartment websites.
The top storylines in multifamily this week are package delivery and theft, choosing a building name, compliance and live-in aides, the "social" of ESG, top ORM musts, how to approach SEO, office conversions rise in NYC, 33 million properties threatened by hurricanes and investment decline in multifamily.
With a shortage of maintenance professionals in the industry, procuring high-performing associates can be a competitive process. The competition sometimes includes other industries, as well, with some able to offer techs better introductory incentives.
Multifamily communities experience a surge in activity during the peak leasing season. This chaos can also lead to higher incidences of package theft. In 2023, approximately 119 million packages valued at $8 billion were stolen from residences, with 32% of these thefts occurring in apartment settings.
The top storylines in multifamily this week are going paperless, helping independent rental owners, challenging assumptions about operations, EVs and convenience, humanizing content, HUD warning about AI, Connexus's new president and COO, Buckingham's new EVP and squatters legislation.
Ensuring a consistent revenue stream is fundamental for every business, but the manner in which funds are collected is just as crucial. Rent collection stands as the cornerstone of operations for multifamily communities, yet, for many, it is still one of the most outdated processes.