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The multifamily industry is at a critical juncture where rapidly advancing property technology offers immense potential, but training and adoption often lag behind. Traditional methods no longer meet the needs of a diverse, tech-driven workforce. Modern training strategies must prioritize performance-based enablement over compliance.
Professionals reflect on their multifamily-industry journeys and distill vital lessons for those just starting out. They caution that property management is intensely personal, requiring patience, poise and empathy when navigating resident issues. Success often comes through an authentic personal brand.
The integration of automation into workhorse amenities is a necessity to provide a modern living experience for residents, improve operational efficiency and build a thriving portfolio. While it helps to provide trendy amenities to residents, ensuring workhorse amenities are humming, providing residents the consistency and service that matters…
As operators navigate the future of AP processing, utilizing automation that prioritizes high-quality data will be critical for sustained success. With stakes higher than ever, the tools necessary to remedy the problem are readily available and proven to be extremely effective. By leveraging AI-based solutions, operators can ensure…
To legally operate a taxi in New York, you need a medallion. A decade ago, the cost of a medallion for a single cab was about $1M. They were an investment in a cabbie's future and retirement. Today, you can buy one for less than $200K. The decline…
Amenities are not used enough and resources are not allocated properly can hurt budgets. Some amenities can be completely empty during busy hours, and maintenance costs are often higher than what is justified by usage. These problems can grow from small issues to bigger ones that harm the…
The top storylines in multifamily this week are Engrain launches "All-In" pricing, hurricane season preparation, NYC voters facing three housing proposals, clearer pricing as states take on fees, verified renter benefits, LA's housing crisis is an opportunity, storytelling strategies, costly accounts payable mistakes and a multifamily cybersecurity guide.
The top storylines in multifamily this week are Brickstone secures refinancing for Mountainaire, rates edge down, affordability crisis for middle class, value-add and community services, transitioning underwriting, fighting fraud, marketing budget priorities, SEO tips to improve rankings and using social media to engage residents and prospects.