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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.
The top storylines in multifamily this week are utilizing technology for renters insurance compliance, quiet quitting, boosting fitness center usage, record apartment construction in 2022, supply chain issues subsiding and the growing Sun Belt market.
While many renters do comply with insurance requirements, a sizable number of renters either find ways to circumnavigate the system and avoid having to purchase it, cancel it upon move in, choose to let it lapse or forget to renew the policy – and it happens more than…
The top storylines in multifamily this week are renter's insurance, screening an applicant's job history, outdoor amenities post-pandemic, the future of apartment demand, developers facing construction delays and merging technology and pets.
Requiring proof of renters insurance is standard procedure when a new resident signs a lease. Regardless of their proof of insurance at the time of move-in, many residents either cancel or choose to let it lapse, figuring they can live without it and cut an additional cost, or…