THOUGHT LEADERSHIP
The Prevalence of Fraud in Multifamily
by David Stunja
Synthetic ID, fake paystubs, fabricated support animal documentation – there’s no shortage of people trying to circumvent the rules when it comes to multifamily applications. Leasing teams face a plethora of fraudulent activity and documents on a daily basis, but there are ways to spot these scammers and technology that can assist to avoid them.
Read the full article in The Multifamily Journal
Q&A with Birchstone Residential’s David Deitz
by MFE Staff
David Deitz, the co-founder and president of Birchstone Residential, the in-house property management company and construction affiliate of Ashcroft Capital, talks about the impact of using a strengths-based culture to build a company, as well as his insights on the status of multifamily.
What’s in a Property Description (That Attracts Prospects)?
by Anca Gagiuc
Turning prospects into residents is more successful when a community has a compelling description that will attract visits and tours. Besides being concise, the description should hit on all the amenities residents want, speak to desired residents and feature attractive photos of the property.
MULTIFAMILY TECHNOLOGY
The Impact of Speedy Technology Implementation
by Brandon Tobman
Technology has done a lot to ease some of the pain points in the multifamily industry, and the speedy and seamless integration of tech is as important as the benefits it provides. Changes that take months or even years due to tedious and lengthy implementation are less likely to be accepted and the benefits can be lost — even if it has all the things an organization needs. It’s critical for owner/operators to find tech that has a smooth and quick onboarding process.
Read the full article in The Multifamily Journal
The Power of Proptech: Benefitting Teams and Residents
by Aly J. Yale
The high-tech experience is a must in the multifamily industry as residents and prospects are comparing each interaction with a brand to their most recent best customer experience. Proptech can make this possible for while also providing benefits for associates and owner/operators.
Read the article in Multifamily Executive
Getting ‘Back to Basics’: An Onsite Stress Reliever
by Paul Bergeron
The continual introduction of tech into multifamily can result in anxiety for some, but there are ways for teams to avoid being overwhelmed by the changes. One thing to remember is that tech is not changing the way multifamily does business but providing new approaches to traditional methods.
Read the article in UNITS
INDUSTRY NEWS
Colorado Towns Would Be First in Line to Buy Properties for Affordable Housing Under New Bill
by Sara Wilson
If it passes, a bill introduced in the Colorado state legislature would make the Centennial State the first in the nation to give local governments the right of first refusal on multifamily developments for sale. House Bill 23-1190 would allow the localities to buy properties before private bidders, provided they submit a matching offer within 90 days, close within 180 days and maintain affordable housing at the property for 50 years. Opponents of the bill say the bill is too broad and could hamper development in Colorado.
Read the full article in Colorado Newsline
Little Distress Likely for Multifamily as 2023 Continues
by Lynn Pollack
Even with a deceleration of debt origination that began in early 2022, multifamily is unlikely to see much distress in 2023, according to an analysis from Newmark. The report also stated that preliminary loan figures overstate the severity of the slowdown in Q4 2022.
Read the story in GlobeSt
Rental Development Outpaces Single-Family for the First Time
by Dees Stribling
For the first time ever, multifamily development outpaced for-sale, single-family development, according to the U.S. Census Bureau housing report, showing a shift in the real estate market. In the final quarter of 2022, single-family starts were down 34% while multifamily increased by 15%.
Read the article in Bisnow