THOUGHT LEADERSHIP
Delivering Cheer: Secure Packages, Boost Community Spirit
by Amber Hammond
The holidays mean lots and lots of boxes, even more so this year as online ordering continues to increase. Package mismanagement is one of the top complaints for residents during any month, but it’s amplified in December. More than 40% of porch piracy is targeted toward multifamily communities. To avoid blame and liability, as well as keep the Grinches away, owners and operators need to find alternative ways to manage deliveries.
Read the article in The Multifamily Journal
The 411 on the ROI of Preventative Maintenance
by Paul Willis
Preventative maintenance seems like a no-brainer, especially for owners cutting costs. After all, extending the life of equipment means you don’t have to shell out for a replacement. The catch is that preventative maintenance also costs money, and some operators believe that letting something fail can be the more cost-effective route.
How Allowing Pets Can Drive Revenue
by John Bradford
Cutting costs can only go so far, and owners and operators are always looking for ways to drive revenue. Becoming a pet-inclusive community provides several opportunities to add more bones to the bank accounts. Besides expanding the pool of potential residents, pet owners are more likely to renew than non-owners.
MULTIFAMILY TECHNOLOGY
Top Multifamily Living Tech Trends to Follow in 2024
by Mike Branam
In 2023, almost all residential tech began the shift from niceties to must-haves, and that movement will continue into the new year. The resident experience has become a top priority as communities institute more AI to provide a hyper-personalized experience and strive to reduce maintenance response times. In-unit smart technology and a connected community, as well as EV charging stations, are also big trends for 2024.
Read the article in Residential Tech Today
The Innovative Approaches to the Collections Process
by Andrew Ruhland
Rent collection is one of the most important aspects of owning multifamily property. It makes little sense to leave this critical aspect to old-fashioned technologies like paper checks and driving to the bank to make a deposit. Innovative technology is taking away these risks while making rent payments easier and more flexible.
Read the article in Multifamily Executive
Innovative Solutions for Student Housing Challenges
by Andy Barfield
Even though it remains one of the strongest sectors in commercial real estate, developers of student housing still need to find ways to effectively manage building costs while meeting residents’ needs. This includes pre-fabricating the buildings off-site for later assembly and installing technology that will appeal to students.
Read the article in Multi-Housing News
INDUSTRY NEWS
Aging in Place: How to Meet Growing Demand
by Barbara Ballinger
The silver tsunami of aging residents continues uninterrupted with the over-65 population of 46 million predicted to grow to nearly 100 million by 2060. Annual surveys over the last decade by the AARP have consistently shown that about 80% of people 50 or older want to remain in their homes as they age. Some of these properties are multifamily communities, pushing owners and operators to examine if they’re prepared for the changes in demographics.
Adam Nuemann Gears Up to Launch Flow’s First Community
by Kayla Carmichael
The entrepreneur who tanked WeWork is ready to open his first multifamily property, which pitches the community-oriented feel that Adam Neumann tried to sell with office work. Flow’s Society Las Olas in Ft. Lauderdale, Florida, also has coworking mixed in. It’s the first of six Flow communities currently planned.
Read the article in Bisnow
Fannie Mae Sees Milder Housing Downturn
by Michael Rudy
Fannie Mae has scaled back its November prediction of the decline of multifamily housing starts. The December report revises the number of multifamily starts for 2024 higher by 6,000 units to 363,000 units. Changes were also made to the forecast for starts in 2025, which was revised by 3,000 units to 372,000 units.
Read the article in YieldPro