The top storylines in multifamily this week are rent reporting to credit bureaus, smoke-free apartments, net operating income, flexible rent payments, app tech that drives resident retention, ChatGPT uses and risks, construction soars, higher-income renters increasing and student housing rent growth.
Industry Trends Report | Week of February 6
The top storylines in multifamily this week are creating rent payment options for renters, the benefits of flexible leasing terms, how giving back builds better teams, pet-inclusive policies, dealing with loopholes in renters’ insurance and how the latest rate hikes will impact multifamily.
Improving the Financial Well-Being of Your Residents
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.
Allowing Renters to Pay More Flexibly
Making on-time, in-full rent payments is difficult for many modern renters. Some residents live paycheck to paycheck and struggle to make ends meet. If anything, the pandemic cast a spotlight on the challenges facing renters and their housing providers across America.