More than 26 million people have filed for unemployment in the five weeks since cities and state began to order non-essential businesses to close. Millions of apartment renters across the U.S. have […]
Lease Insurance Could Come into Play Amid COVID Crisis
Positivity on the Horizon? Traffic and Leases Rise in Late April
Our data indicates that for the week ending on April 22, traffic was down 55% nationally from the same time last year. However, it was up 21% on a week-over-week basis. Meanwhile, the average U.S. apartment community signed 2.1 leases during the seven days ending on April 22.
April Rent Wasn’t Down As Much As You Think
Many data outlets reported that 30% of renters were not able to pay rent in April, but a new report from LeaseLock shows a nominal decrease in payments in April compared to the first three months of the year. According to their data, payments in April were only down 5% compared to January through March for renters
The Primary Benefits of Data Visualization
Apartment teams could tell prospects about their community or show them still photos of it, but very infrequently took additional steps toward data visualization. While that transformation started last decade, visualization tools will become a must for prospects—and for multifamily organizations—in the 2020s.
3 More Tips for Marketing During COVID-19
By Peter Jakel I was recently asked by Jennifer Castenson, director of thought leadership content for Hanley Wood and Multifamily Executive, for some tips on how supplier partners can continue to market […]
Don’t Let Reputation Management Slide During Crisis
Though communities have been spared the onslaught of negative online reviews that they may have anticipated thanks to Google shutting down reviews, onsite teams can’t just wash their hands of their reputation management responsibilities.
Construction Delays Run Rampant in Multifamily
The Novel Coronavirus is wreaking havoc on the construction of multifamily communities. The challenges could exacerbate the already growing affordable housing crisis as the available supply of apartment housing will lag further behind demand after the pandemic eases.
Rent Payments Trending Down in Crisis
According to several reports released between April 1 and 6, rent payments have been trending downward by up to a third, compared with the same period in March and April 2019.
Engrain Acquires DeliverHere App, Extends Market Penetration
Engrain announced recently that it has acquired DeliverHere, an app that displays apartment property maps to assist delivery drivers and help improve their efficiency and save time. The acquisition will enable Engrain to add to its largest database of maps in the country while expanding its user base and client reach.
LMC Acquires Novel Stonewall Station Apartments
LMC has acquired Novel Stonewall Station, a luxury transit-oriented apartment community located in Uptown, one of Charlotte’s most sought-after rental submarkets. The transaction marks LMC’s first acquisition of an existing multifamily community.