All the multifamily news you need
According to Berkadia, the construction of build-to-rent homes - single-family houses built for the purpose of renting out - jumped by 30% from 2019 to 2020. A 2022 report by the company also notes that “developers expect build-to-rent homes will reach a double-digit share of new construction by…
In the pet policies of the past, breed and weight restrictions were just as common as collision insurance within an automobile policy. Essentially, all rental communities had them, and it was part of the landscape. Slowly, that mindset has begun to shift—and those eliminating these pet restrictions have…
The top storylines in multifamily this week are pets, training and retention, flexible living, the "E" in ESG, the role of multifamily marketers, the brave new world for leasing consultants, developers sour on the Sunbelt, background checks and a record number of people are looking to move.
It is no surprise that when the market slows down, multifamily operators typically compensate with cost-cutting measures to bolster their margins. While cutting back and finding efficiencies can help companies stay profitable, the belt tightening may ultimately hurt owners both in the short and long run.
There are a lot of pet-owning renters: 70% of U.S. households owned a pet in 2022, according to the Insurance Information Institute. On top of that, residents in pet-friendly housing stay 21% longer than those in non-pet-friendly housing, based on the Pet-Inclusive Housing Report.
With the exception of a visit to the community website, prospective residents can remain invisible to the community while they conduct their research and evaluation of any given property. That makes the requirement of being digitally sharp and transparent that much more important.
The top storylines in multifamily this week are application fraud, strengths-based culture, property marketing, tech implementation, proptech, tech stress, affordable housing, little distress for multifamily in 2023 and multifamily development outpaces single-family.
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.