Multifamily is beginning to realize the operational benefits of technology solutions and third-party services to free up onsite teams to perform the jobs they were hired for. A new revenue recovery process built with automation and integration better positions operators to mitigate the risk of bad debt.
Smart home technology allows operators to identify problem areas before they develop into larger issues and pinpoint potential points of failure prior to catastrophic damage. This predictive technology is changing the way property management companies maintain their properties.
Ashcroft Capital, a fully integrated multifamily investment firm, today announced its acquisition of Elliot Baymeadows, a garden-style apartment community in the Royal Lakes neighborhood of southern Jacksonville. Birchstone Residential has assumed management of the community.
By this I mean operators too often think of implementing solutions as an either/or scenario: should we offer guided tours or self-guided tours? Should we have prospects interact with chatbots or leasing agents over the phone? The answer in these situations is almost always “both.”
The insurtech start-up LeaseLock is breaking new ground. The company has officially surpassed $1 billion in leases insured, an impressive milestone that comes only five months after the company achieved $500 million in leases insured.
As the nation hit the one-year mark of COVID-19 lockdowns, two multifamily leaders shared lessons learned and what’s ahead for the future during last week’s Multifamily Executive Virtual Summit. Communication with staff and residents has taken on more importance over the past year.
Data from the Pet-Inclusive Housing Initiative reveals nearly one in four apartment residents say their pet has been a reason for needing to move. The 24% figure translates to approximately 5.5 million renting households that have been displaced or voluntarily sought a new home as a result of their pet.
More than ever, the rental housing industry understands the value of data-driven decisions. The industry has done a commendable job of collecting the data—particularly in the past few years—but still must make headway in quantifying it and converting it to actionable business intelligence (BI).
Like any industry, residential building operators saw their entire work lives change in a matter of weeks at the onset of the pandemic. There were obstacles aplenty. Managers had to adjust to working with smaller property management teams—or in some cases, with teams almost exclusively offsite.
The recently unveiled Multifamily Pet Policies and Amenities survey, conducted by PetScreening and J Turner Research and featuring the feedback of nearly 23,000 apartment residents, found that non-pet-owning residents are reasonably agreeable with a community’s pet population.