THOUGHT LEADERSHIP
What California’s Traffic Solutions Teaches Us About Multifamily Parking
by Todd Katler
More than 5,500 miles of U.S. highways have been converted to HOC/toll lanes, giving consumers the option to decide if their time or money is more valuable when traffic builds up. Giving drivers the power to choose creates an entirely new view on fees. Multifamily needs to consider the same when it comes to community parking.
Read the article in The Multifamily Journal
Getting Back to Basics: The Multifamily Reckoning
by Jack Stone
The flurry of buying activity during COVID-19 has a lot of investors sitting on properties they paid for. That doesn’t mean it’s time to panic but instead, it’s a call to go back to the basics and be calm when looking for the right property to purchase.
MHN Executive Council: 2024 Multifamily Resolutions
by Jessica Fiur
As the industry slides somewhat comfortably into the new year, the MHN Executive Council shares what they have planned for the next year. Their goals include solutions that have a positive impact on residents and teams, as well as improved training.
MULTIFAMILY TECHNOLOGY
Maximizing Revenue Streams Through Centralized Resident Rewards
by Terri Nicholson
Rewards programs are beginning to help multifamily owners and operators much the way they have in other industries. Incorporating this concept into a digital payment system has become a game changer, offering valuable insight into the behavior of residents. This vital data creates a better understanding of what motivates residents to pay on time and renew leases.
Read the article in The Multifamily Journal
Getting Creative is a Must for Marketers in 2024
by Kevin Juhasz
As the belt-tightening and cost-cutting continue into 2024, more than two-thirds of multifamily marketing teams are facing stagnant or decreasing budgets. This has prompted teams to direct funds toward channels that offer the best ROI while still exploring emerging technologies.
Read the article in Multifamily Executive
Avoid These Two Applicant Background Checks At All Cost
by Scot Aubrey
The Consumer Financial Protection Bureau (CFPB) is issuing new warnings on inaccurate background checks, which means the multifamily industry must make sure it avoids any chance of mistakes. Two “must-avoid” methods are doing their own checks and so-called instant checks.
Read the article in Rental Housing Journal
INDUSTRY NEWS
Federal Advocacy Outlook: Washington Heads Into 2024
by Greg Brown and Nicole Upano
While 2023 featured one of the least productive Congressional sessions in U.S. history — second only to the 72nd Congress in 1931, which had to deal with 14 members dying between election day and the first day of the session — a lot of focus was placed on the multifamily industry. More of the same is expected as the 119th Congress, along with federal agencies, will look to enact laws and policies that will affect the industry.
Read the article in NAA’s Operations Insights
Housing Shift: The Rise of Forever Renters
by Veronica Dagher and Rachel Wolfe
Sustained high interest rates have further deterred younger generations from purchasing homes, and they were already discouraged with the idea before that. Multifamily supply is also increasing as single-family home availability declines, pushing down rents. All of this makes it appealing to become a forever renter.
Read the article in YieldPro
What the Inflation Report Reveals About the State of CRE
by Kathy Rembisz
The Fed reported that headline inflation had increased by 3.4% over the course of 2023, while core inflation decreased by 3.9%. Energy and shelter costs are increasing and consumer goods, excluding food and energy, are on a downward path. The multifamily supply increase will push the market into a cooling trend.
Read the article in GlobeSt