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Fetch announced an initiative to solve the unique package management issues facing student housing operators. Multifamily operators with both market rate and student housing communities in their portfolios estimate their student housing properties receive between 30% and 50% more packages.
The top storylines in multifamily this week are holiday package management, preventative maintenance costs, pets and revenue, 2024 tech trends, rent collections process, student housing challenges,seniors and housing, Flow's first community and Fannie Mae revises housing figures.
Multifamily operators go all out to foster a festive environment during the holidays. But how many apartment communities take steps to mitigate security issues that could put a damper on the holiday spirit? One of the primary sources of resident complaints around the holidays is package management.
A true sense of "home" is often elusive for renters, who typically view their residence as temporary, but establishing that feeling of belonging is essential to a positive living experience. It's frequently created through a greater connection of community and interpersonal connection.
Fetch announced the opportunity for immediate rollout of its offsite package solution before the holiday e-commerce crunch. Last year, Fetch clients saw a nearly 20% increase in package volume during November and December, compared to the same period in 2021.
The top storylines in multifamily this week are faster renewal decisions, pest control, empathy-driven design, social media metrics, scalability in package management, Kansas City's tech boom and housing, cities building the most apartments, Gen Z and millennial preferences and apartment growth in 2024.
The typical industry reaction to headwinds is to batten down the hatches, but inflation rates limit the efficacy of reductions. Cuts can trim budgets but also impair retention efforts. Operators are finding renewals, new revenue streams and NOI strategies better positions them to weather the storm.
The top storylines in multifamily this week are data driving decisions, digital reputation management, waste DNA testing, rent control and investments, hiring challenges and package management.