The stories headlining multifamily news this week: the impact of nontraditional data points, requiring residents to be vaccinated, the evolution of single-family rental self-guided tours, higher wood prices to continue through 2022, student housing strength despite pandemic and industry leaders being proactive as eviction moratorium ends.
This week’s top multifamily storylines: motivating today’s property management associates, creating value in today’s value-add properties, the pet amenities residents want, thriving single-family rentals, full-service experiences and thoverheating apartment markets.
With 2020 firmly behind us, apartment owners and operators have reasons to be optimistic about the road ahead. The pandemic has undeniably presented major economic challenges for many, but the average credit score in the U.S. increased by 1% in 2020, according to Experian.
The top stories this week in multifamily: the power of instacaptions for multifamily marketing, tapping the capabilities of interactive sitemaps, attracting and converting prospects, rent increase predictions, smart home features that matter to boomers and the next big thing in apartment touring.
Prior to 2020, technology adoption and buy-in were slow for most multifamily firms. We know that nothing can replace a person-to-person experience, but when this wasn’t an option, operators were forced to accelerate their adoption timelines. Companies needed to find ways to replicate that personal touch.
Headlining this week’s multifamily news: PIHI report says operators and residents win with pet friendly policies, financial amenities that benefit everyone, making evictions a corporate task, apartment completions reach a 20-year high, investors seek build-to-rent opportunities, and the growing role of life insurance companies in multifamily.
This week’s top storylines in multifamily include: the continued growth of chatbots, reasons affordable housing will thrive, California Senate Bill 1157, Gen Z looking to buy, the multifamily opportunity in aging office parks and the increase in apartment price.
Unlike nearly every other prod think of the early editions of cellphones or high-definition TVs—these AI-fueled bots can learn on the fly. Couple their learning ability with some fine-tuning efforts by their creators, and it should come as no surprise that chatbots are becoming a must-have in the industry.
Among the top storylines in multifamily this week: NMHC Annual Meeting proves to be a new beginning, the top considerations when selecting an access control system, the vast benefits of building a strengths-based multifamily organization, a report says multifamily and single-family rentals will continue to thrive, Boomers are retiring to more places than the Sun Belt and multifamily’s embrace of QR codes.
Property managers have a number of options when it comes to access control technology. But not every product fits every community, or every purpose. Operators need to consider the function and flexibility required for optimal access control, and to maintain the integrity of their property.