THOUGHT LEADERSHIP
What ‘Pet-Inclusivity’ Really Means (and Why It Matters)
by J Retinger
Being a pet-inclusive property can offer a sizable boost to retention. Properties that welcome pets have their residents stay an average of 21% longer, according to a report by Michelson Found Animals and the Human Animal Bond Research Institute. However, many communities that label themselves as pet-inclusive are missing the mark. It’s important to know what inclusiveness means and what it encompasses.
Read the article in The Multifamily Journal
Three Ways To Optimize Your Waste Program
by Andrew Ruhland
The increase in remote work coupled with the increase in online shopping are pushing owner/operators to rethink their waste management practices. While it’s great to reduce waste and increase recycling, communities need to consider the impact these changes have on revenue.
The Importance of Location in Apartment Branding
By Stacey Feeney
When deciding how to brand your community, it’s equally important to consider what’s outside the property as much as what’s inside. The vibe of the surrounding neighborhood, as well as the culture, attractions and history, will all play a vital role in your prospects’ leasing decisions.
MULTIFAMILY TECHNOLOGY
How AI Fits Into Property Management’s Future
by Jeffrey Steele
From screening and operations to communication, artificial intelligence is poised to bring efficiency to the mundane tasks that onsite teams deal with daily, freeing them to focus on community building. In addition, AI can also be utilized to handle property management tasks, centralization efforts and even evictions.
Read the article in Multi-Housing News
Florida Neighborhood an Urban Tech Model for Developers
by Holly Dutton
The Water Street Tampa project in Tampa Bay is developing into a model for urban tech, becoming the world’s first neighborhood to receive the WiredScore’s SmartScore Neighborhood Pre-Certification, as well as other certifications for the areas in tech connectivity and wellness.
Read the article in Propmodo
3 Parking Problems Facing Property Owners
by Aly J. Yale
While it might seem like one of the easiest amenities to provide for residents, parking is a challenge for many multifamily communities. The bulk of the problem, particularly in ultra-urban areas, is too many cars vying for too few spaces. Technology can help alleviate some of the issues.
Read the article in Multifamily Executive
INDUSTRY NEWS
A Painful Evaluation of the Current State of CRE
by Joseph J. Ori
Since March 2022, commercial real estate has endured 11 interest rate hikes, which in turn created an increase in cap rates. This one-two punch has pushed the value of CRE down by about 25%. This threatens to double the current default rate to 4%. However, with a distress level of 2%, much of the industry will weather the months ahead in fairly good shape.
Fall’s Multifamily Compliance Checklist
by Amy Lloyd
Much of the nation is roasting under long stretches of record heat, but it’s time for maintenance teams to shift to their fall to-do list and ready their properties for cooler conditions. Winterizing the property, as well as inspecting HVAC units, are just two of the important items teams will need to address.
Read the article in UNITS
Residents to Get a Break From Rising U.S. Rents
by Liz Lucking
The surge in multifamily construction and increasing vacancy rates could relax the pace of rent increases in some areas, according to a report by Realtor.com. In the 50 largest metro areas, the median asking rent increased by only $15 to $1,759 in June and is down $18 from a year ago.
Read the article in Mansion Global