Industry Trends Report |Week of April 10


Renew Announces Launch and $8M+ in Seed Funding

by Stephen Ursery

Multifamily veterans Rob Hayden and Kevin Murphy have launched Renew, a cutting-edge software platform that automates and optimizes the residential renewal process. The company also secured more than $8 million in seed funding. The platform, which integrates with property management software, is designed to ease the often-ignored process of resident retention, providing residents with tools and guidance on the process.

Read the article in The Multifamily Journal

How to Prepare for Natural Disasters, Other Crises

by Barbara Ballinger

Recent chaotic and unpredictable weather events have brought an increased focus on the subject of preparedness. In addition to ensuring infrastructure and communication is adequate for major weather events, onsite teams need to make sure they have the tools to deal with any crises that arise.

Read the article in UNITS

BTR Operators Prioritize Fraud Prevention, Education

by Diana Mosher

With the goal of preventing a repeat of the fraud that plagued the BTR industry during the pandemic, owner/operators are keeping a very close eye on vacant units. They are also educating renters on spotting online scams to avoid accidentally becoming squatters in a home.

Read the article in Multi-Housing News


Top 5 Ways to Optimize Access Control

by Mitch Karren

A necessary component of effective property management is access control, which can affect every segment of the resident lifecycle and allows onsite teams to operate more efficiently. It starts with offering easy access for prospects who prefer a self-guided tour and continues with perimeter and amenities access. Customization can offer smooth-flowing access for residents and teams alike.

Read the article in Multifamily Insiders

Replace Social Perks With Tech Tools to Attract Modern Renters

by Andrew Ruhland

Depending on who you’re renting to, amenities and activities that foster community-building  don’t hold as much sway on renewals as they once did. Modern renters are likely more interested in tech tools that simplify their lives as opposed to socializing with their neighbors.

Read the article in Rental Housing Journal

10 Unsexy Amenities That Will Bring in Renters

by Jessica Fiur

Fancy rooftop settings and fitness centers are great for catching eyes during community tours, but there are less appealing features that are necessary to keep residents interested in a property, including online rent payment and maintenance requests, as well as printers and WiFi.

Read the article in Multi-Housing News


Multifamily Owners Squeezed as Values Drop 20%

by Jack Rogers

The decreasing valuations, rising cost of debt, and almost nonexistent opportunities for refinancing that hit office building owners are starting to make their way into the multifamily industry. Apartment building values have dropped 20% from their peak, and owner/operators are also facing slowing rent growth. Properties with large, floating-rate mortgages may no longer be able to meet debt payments, leaving no choice but to hand over the keys.

Read the article in GlobeSt

Columbus Proves to Be Slow and Steady Market

by Christine Serlin

Ohio’s capital, Columbus, is proving to be a beacon of multifamily stability in a region beset by ebbs and flows. The Ohio State University provides a steady supply of renters and the region has seen average rent growth of 5.8%, ranking it 32nd among the top 50 markets.

Read the article in Multifamily Executive

Presidential Veto of WOTUS a ‘Blow to Housing Affordability’

by Vincent Salandro

President Biden’s veto of a Congressional resolution to rescind the Waters of the United States rule of the Clean Water Act will add a layer of regulations to the development of multifamily housing. Opponents say the resulting permit delays will hamper affordability.

Read the article in Builder

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