Just as residents don’t want to be forgotten about after they move in, new associates don’t want to be thrown into the proverbial fire with little guidance or resources. A proper onboarding experience is critical, particularly in an industry with fierce competition to retain high-performing associates.
More Roommates, Fewer Spots: Today’s Multifamily Parking Challenges
The evolution of parking and continuous economic fluctuations are inevitable and many additional changes are on the horizon. Regardless of how many occupants there are per unit, owners and operators have avenues for protecting revenue by maintaining resident satisfaction and reputation.
Weighing Economic Challenges with Proactive Collection Strategies
By taking a proactive approach to rent collections, operators are able to optimize their portfolio’s financial performance via the digitization of the process. They are better positioned to reduce financial risk, increase revenue and eliminate frustrating manual tasks for their associates.
Industry Trends Report | Week of November 27
The top storylines in multifamily this week are community spaces, resident screening guidelines, holiday events for residents and teams, budgeting season, balancing AI and people, marketing to Gen Z, housing trends for 2024, multifamily’s influence on interest rates and removing barriers to affordability.
Sales Are Still In a Deep Freeze, but a Thaw Should Come in 2024
During the summer, sellers were, at last, beginning to “meet the market” in terms of transaction prices. With sellers no longer captive to the false pretense that pricing would make a quick U-turn and strengthen by the end of 2023, the pace of investment sales, anecdotally at least, appeared to be picking up.
The Crucial Role of Community Spaces
A true sense of “home” is often elusive for renters, who typically view their residence as temporary, but establishing that feeling of belonging is essential to a positive living experience. It’s frequently created through a greater connection of community and interpersonal connection.
Industry Trends Report | Week of November 13
The top storylines in multifamily this week are the nationwide changes to parking, effective pet policies, helping CRE portfolios thrive, resident retention, online reviews and marketing, holiday events and social media, veterans and CRE careers, building housing near transit revival and the changing weather.
Leveraging Tried-and-True Tools to Help Portfolios Thrive
As the old adage goes, the only constant is change, and CRE is undergoing a massive one. The current economic climate places commercial real estate in an increasingly complicated and nuanced position and the focus has shifted to value creation for tenants.
Dismantling Asphalt Nation and What It Means for Multifamily
The automobile is as quintessentially American as apple pie. It is deeply interwoven within our nation’s identity, and we’ve built a nation centered around their existence, including the creation of the interstate highway system, the drive-thru and parking spaces. Lots and lots of parking spaces.
Service Animals vs. Support Animals: One of These is Not Like the Other
Countless terms are regularly confused for one another, and those who aren’t sticklers usually let the mistaken term pass without mentioning it. The same holds true for service and support animals, as they are largely regarded as the same thing.