The top storylines in multifamily this week are managing in a fast-paced environment, cooling apartment demand, red flags in leasing, hiring and retention practices, personal touches in communications and the economy spurs developers to delay projects.
Welcoming More Pets Can Lead To Better Retention, More Revenue
Lifting breed and weight restrictions for our four-legged friends and generally becoming more pet-inclusive can create significant financial gain for multifamily communities, such as increased NOI and higher resident-retention rates.
Industry Trends Report | Week of March 28
The top storylines in multifamily this week are leasing technology, centralization, the steps for effective resident communication, multifamily and the 4-day workweek, social media leasing and building a strong company culture for retention.
Communication to Drive Resolution
There are currently about 6 million people in the United States behind on their lease payments, and they owe an average of $2,250 each, according to the latest data from the Census Household Pulse Survey. That’s about $13.5 billion of income that should be in the bank accounts of owner/operators.