There can be no downplaying the tremendous responsibility placed upon apartment operators. But today’s property managers have the opportunity to play an even more important role in their renters’ lives. They can be true partners in helping their residents improve their financial well-being.
Headlining this week’s multifamily news: PIHI report says operators and residents win with pet friendly policies, financial amenities that benefit everyone, making evictions a corporate task, apartment completions reach a 20-year high, investors seek build-to-rent opportunities, and the growing role of life insurance companies in multifamily.
Financial amenities are emerging as the next distinct amenity offering at apartment communities. From flexible payment options and budgeting tools to credit building, financial amenities help support on-time, in-full payments and boost resident morale.