parking

Zark, a groundbreaking service that optimizes parking availability at multifamily communities and provides residents with easy access to leasing garages, storage spaces and amenities through Rentable Items, announced the successful completion of its Series A funding round led by Baleon Capital.

Unauthorized vehicle and resident complaints can erode trust rapidly. When residents see others flouting parking rules, their frustration builds, not just towards the offenders but also towards the onsite team. Maintaining consistent parking enforcement is not just about being punitive; it's about resident happiness.

Amazon recently issued an RTO requirement for thousands of employees, and their return revealed a variety of issues, including team members being directed to different locations, a shortage of desks, a lack of rooms for private video calls and one more that probably missed everyone's bingo card—not enough…

You can't make an omelet without breaking eggs. Similarly, you can't create a well-ordered parking ecosystem in a multifamily community without consequences for people parking in spaces they shouldn't be in. Owners and operators can win overall parking satisfaction by allowing their residents to play an active role…

The top storylines in multifamily this week are marketing after peak season, who should handle parking in a community, 2024 Voice of the Property Manager, fraud detection, interactive maps for maintenance, multifamily absorption hits record levels, CRE in the Trump Administration and California voters reject rent control.

Parking problems can be a significant source of stress and sometimes conflict. In many instances, there's little that can be done to change the situation from an infrastructure standpoint. Many communities have what they have for spaces and the system functions at the whims of resident demand.

Convenience comes at a premium, but Americans are increasingly willing to pay extra for services that simplify. This has naturally extended to multifamily housing, where residents often seek amenities that enhance their experience. What's critical is the approach they take when charging residents.

With more than 30% of residential communities suffering from parking pains, it's a no-brainer to navigate these parking pitfalls toward smoother satisfaction rates. During planning and budget season, when the weight of cost-intensive solutions feel heavy, consider three steps to solve parking without additional investment.