The apartment industry lauds itself on offering a variety of exceptional employment opportunities and a career path that fosters great potential for advancement. While that statement largely rings true, the industry is admittedly experiencing a few challenges with the current model.
Multifamily property teams are often over-burdened by their growing number of administrative tasks. Technology has proven to be a valuable stopgap to ensure nothing is overlooked throughout the lifecycle of a lease, and new solutions have emerged to help streamline routine processes for residents.
This week’s most interesting multifamily storylines include: the impact of Biden’s climate goals on multifamily, stalled adaptive reuse projects, apartment marketing keywords, vaccinating multifamily employees, ruling that CDC eviction moratorium is unconstitutional and the focus of operators on service-oriented amenities.
The top multifamily storylines this week include: how pandemic adjustments are reshaping the industry, how to create a synergistic company culture, remembering non-pet owners when crafting policies, how boredom in the burbs may help downtown rebound, property managers on the road to getting vaccinated, and why Facebook Pixel is something to care about for marketers.
This week’s top multifamily stories: overlooked pain points of work from home for apartment residents, the year of innovation for multifamily, supplier partners with operations backgrounds, the pending decline of apartment construction in 2021, and why multifamily investors are targeting smaller metros.
The year 2020 brought multifamily a battery of operational and leasing challenges. But as the saying goes, necessity is the mother of invention, and operators showed impressive resilience by embracing emerging technologies and adopting new procedures and processes.