It is no surprise that when the market slows down, multifamily operators typically compensate with cost-cutting measures to bolster their margins. While cutting back and finding efficiencies can help companies stay profitable, the belt tightening may ultimately hurt owners both in the short and long run.
The top storylines in multifamily this week are application fraud, strengths-based culture, property marketing, tech implementation, proptech, tech stress, affordable housing, little distress for multifamily in 2023 and multifamily development outpaces single-family.
During a recent Apartments on the Go podcast, Sentral Vice President of Asset Management and Transition, Julie Butler, sat down with hosts Matt Ruedlinger and Courtney Smith to discuss Sentral’s revolutionary hospitality approach to property management.
The top storylines in multifamily this week are using tech for more efficient construction, why centralization is not one-size-fits-all, empowering teams with proptech, using mushrooms to decarbonize construction waste, Q3 multifamily data and the cost of pet waste.
In a big-picture sense, homes have been built the same way for 2,000 years. Over time, innovations have been developed to attempt to change the way we build—particularly to move away from wood-framed construction. But none of those technologies have necessarily taken hold.
The top storylines in multifamily this week are portfolio evaluation for centralization, the importance of technology partners, driving resident retention, human-trafficking education, construction delays continue in multifamily and customizing renters insurance to increase compliance.
The top storylines in multifamily this week are raising the bar on apartment searches, development in historic neighborhoods, pet-friendly vs. pet-inclusive, college-town apartments flourish, helping minority developers scale up and increased interest in active-adult communities.
The top storylines in multifamily this week are driving ancillary revenue, the biggest mistakes on community websites, better leasing through centralization and technology, consumer preferences and amenities, boomerang millennials and Gen Zers staying at home and the single-family rental experience.
The top storylines in multifamily this week are successful onboarding of new employees, business intelligence adoption, plotting a career path in multifamily, boosting property value via water and energy efficiency, increasing labor costs and attracting aging millennials.
The top storylines in multifamily this week are DCFCs and solutions for EV charging, employing a data steward, brand style guides for multifamily, women in commercial real estate, rent control measures continue across the nation and using automation for prospect engagement.