It would be fair to surmise that most operators will elect to automate their renewal processes within the next five years. It is still a new concept in the industry, however, and many properties remain stuck using the cumbersome manual process that often leaves both residents and onsite teams frustrated.
The top storylines in multifamily this week are Renew launches, preparing for disasters, fraud prevention in BTR, optimizing access control, replacing social perks with tech tools, unsexy amenities that attract renters, multifamily values drop, the strength of Columbus, Ohio and WOTUS veto.
Renew, a cutting-edge solution that automates and optimizes the entire resident renewal process to drive NOI, today announced its official launch. Founded by Rob Hayden and Kevin Murphy, two veterans of the rental housing industry, Renew has secured more than $8 million in seed funding.