Tech solutions meant to ease the day-to-day operations of a community and enhance the resident experience need to not only be effective and easy to use, but they should also be implemented in a speedy fashion and seamlessly integrated.
The top storylines in multifamily this week are creating rent payment options for renters, the benefits of flexible leasing terms, how giving back builds better teams, pet-inclusive policies, dealing with loopholes in renters’ insurance and how the latest rate hikes will impact multifamily.
Most operators require documentation upon move-in that proves a resident has coverage should unexpected events occur. But there are loopholes. Sometimes residents cancel a policy after moving in and others forget to renew.
The top storylines in multifamily this week are renter income volatility and rent payments, preparing now for the surge in EV, using data to create actionable reports, investors’ concerns for the new year, increases in vacancies and the benefits of insurtech to track compliance.
Technology has guided the industry through numerous changes and helped operators adapt in a digital-centric world. While technology has long been intertwined with smart home features and property management, other industry sectors, such as insurance providers, have taken notice.
The top storylines in multifamily this week are tools to help with hiring and retention, the property life cycle, holiday decorations and safety, renters insurance compliance, domestic abuse during the holidays and why to avoid hesitation in multifamily sales.
The top storylines in multifamily this week are using tech for more efficient construction, why centralization is not one-size-fits-all, empowering teams with proptech, using mushrooms to decarbonize construction waste, Q3 multifamily data and the cost of pet waste.
The top storylines in multifamily this week are portfolio evaluation for centralization, the importance of technology partners, driving resident retention, human-trafficking education, construction delays continue in multifamily and customizing renters insurance to increase compliance.
Consumers want to feel like their shopping experiences are uniquely catered to them and their preferences are acknowledged. From everyday shopping for essentials to making larger purchases like cars, apartments or homes, personalization has quickly become a key to customer satisfaction.
In an industry that already presents various risks to operators, the last thing they should have to worry about is renters insurance and making sure that residents are in compliance. While renters insurance is a standard requirement for living in an apartment community, not all renters have it.