THOUGHT LEADERSHIP
Fraudulent Accommodation Requests for Assistance Animals
by John Bradford
Whether to escape financial obligations or just to keep their pets, the number of people submitting fraudulent or insufficient applications for assistance animals is increasing in multifamily. Nearly 60% of applications do not meet the requirements of the Department of Housing Urban and Development and the Fair Housing Act. This creates liability risks for owner/operators, especially if an animal causes injury or damage.
Read the article in The Multifamily Journal
Big Living in Small Spaces: The Appeal of Co-Living, Micro Units
by Ellen Ryan
As inflation challenges renters, co-living and micro units are gaining interest among those seeking affordable living in higher-priced cities. Smaller spaces don’t necessarily translate to a lesser living experience. Amenities that focus on lifestyles can offer greater appeal for these living spaces.
10 Women to Watch in Multifamily
by Leah Draffen, Donna Kimura, Christine Serlin
Women make up more than 42% of the commercial real estate workforce, as well as 10% of the C-suite positions. As their influence in the multifamily industry grows, Multifamily Executive sought the advice, insights and mentorship of 10 women making a difference.
MULTIFAMILY TECHNOLOGY
Automation Can Alleviate the Challenges of Eviction Management
by Larry Bellack
Eviction is never a pleasant discussion, and it’s becoming a greater challenge for property managers, who must navigate ever-changing rules and regulations without making any costly mistakes. The implementation of automated eviction management can handle the biggest pain points of the eviction process and let your onsite teams remain focused on growth.
Read the article in The Multifamily Journal
Defining IoT by Community, Not Portfolio
by Dimitrios Barnes
After a successful trial of new technology, many owner/operators will move to install it portfolio-wide, but not all tech works the same across all communities. Some properties may benefit from an individual looking at what advancements are needed and will succeed.
Read the article in Multifamily Insiders
Operators Learning to Handle Renters’ Volatile Income
by Richard Berger
As the behavior and work habits of renters evolve, the ways in which they get paid have changed as well. Automation and customization allow communities to align rent payments with a renter’s personal income situation, increasing on-time payments and decreasing delinquencies.
Read the article GlobeSt
INDUSTRY NEWS
Migration and Multifamily: What the Trends Mean for Development
by Gabriel Frank
Counties in the South and the West are the places where people are likely to move, according to the latest data from the U.S. Census Bureau, particularly in Arizona, Florida and Texas. Areas in the Northeast, Midwest and West Coast are expected to experience declines in growth. This could put a strain on the multifamily housing supply with Florida and Texas as two areas that will require the most units over the next decade.
Read the article in Multi-Housing News
How ‘Generation Renter’ Could Overwhelm Supply
by Philippa Maister
For many, buying a house happens around the ages of 28 to 34. However, challenges in the single-family housing sector have forced many in this group to forego purchasing a home and remain as renters. As this homebuying flow is disrupted, apartment supply could become more strained.
Read the article in GlobeSt
Multifamily Job Openings Rise in February
by Michael Rudy
Despite overall declines, job openings in multifamily increased in February, according to the latest data from the Bureau of Labor and Statistics. Construction positions saw a net increase of more than 20,000 in February, and leasing positions also made gains for the month.
Read the article in Yield Pro