HOT & RELEVANT TOPICS
Supporting and Optimizing Your Onsite Teams
Some onsite jobs in multifamily may not have the same appeal they used to, but that doesn’t mean the industry lacks the ability to land and keep talented people. However, multifamily needs to abandon some of the decades-old methods of attracting and retaining modern associates. A reboot of recruitment and rethink of daily duties can boost demand and create needed enthusiasm for onsite positions.
The Secret Sauce of High-Performing Leasing Teams
Even with CRM in place in the leasing office, nearly half of all inquiries from prospective residents go unanswered. Artificial intelligence can provide the right balance of technology and human interaction that helps capture more of those missed leads. AI can field much of the upfront work of the leasing process, enabling teams to focus on human interaction in areas where it’s most needed.
Planning and Implementing EV Charging Stations in Multifamily Communities
The discussion about electric vehicle (EV) charging is climbing in the multifamily industry after sales of EVs and PHEVs tripled compared to pre-pandemic figures. Regan Hartley, vice president of sales at Xeal, joins hosts Courtney Smith and Matt Ruedlinger to converse about why having charging stations is important, the requirements for installation and resources to help owner/operators with their EV charging projects.
IN THE NEWS
Breaking Down Barriers in Development
Developing or renovating a multifamily community always has challenges, but the barriers have risen to new heights in the last couple of years. The pandemic, supply chain issues and the increasing cost of capital are making it more difficult than in previous years. In addition, location and density issues, local government requirements for affordable housing and faith in continued rent growth are only making matters more difficult.
Regulation Accounts for More Than 40% of Multifamily Development Costs
While the multifamily industry understands that some government regulations are necessary for health and safety reasons, there are also unnecessary and duplicative regulations that are helping to drive up the cost of development. A joint study by the National Multifamily Housing Council (NMHC) and the National Association of Home Builders (NAHB) showed that 40.6% of development costs are from meeting regulatory requirements. The report says the costly mandates are a significant factor in rising housing costs.
Unforgettably Affordable: Creating Comparable Living Experiences at Affordable Assets
Many people think affordable housing means a lesser experience, but that isn’t necessarily the case. With a solid blueprint for developing or renovating a community, owner/operators can create living spaces that are comparable to their higher-end counterparts. Proper design and curb appeal, along with the implementation of resident-focused technology and a slate of community engagement events, can make an affordable property more appealing.