All the multifamily news you need
Multifamily's top storylines this week are Kairoi Residential is an NMHC top manager, single-family rent growth slides, local staffing shortages threaten development, resident voices the best renewal asset, the rising fraud threat, multifamily misconceptions, too much tech, monitoring insurance coverage and calibrating marketing.
The top storylines in multifamily this week are creating rent payment options for renters, the benefits of flexible leasing terms, how giving back builds better teams, pet-inclusive policies, dealing with loopholes in renters' insurance and how the latest rate hikes will impact multifamily.
Most operators require documentation upon move-in that proves a resident has coverage should unexpected events occur. But there are loopholes. Sometimes residents cancel a policy after moving in and others forget to renew.
The top storylines in multifamily this week are renter income volatility and rent payments, preparing now for the surge in EV, using data to create actionable reports, investors' concerns for the new year, increases in vacancies and the benefits of insurtech to track compliance.
Technology has guided the industry through numerous changes and helped operators adapt in a digital-centric world. While technology has long been intertwined with smart home features and property management, other industry sectors, such as insurance providers, have taken notice.
Get Covered, a leading insurance technology provider for multifamily operators, managers and residents, today announced it has raised $14.5 million in total funding after closing a recent investment round. RET Ventures, State Farm Ventures®, WISE Ventures and LeFrak participated in the round.
Get Covered, a leading insurance technology provider for multifamily operators, managers, residents and distribution partners, today announced it has added more than 500,000 apartment units year-to-date to its all-in-one activation and certificate of insurance (COI) tracking platform.
The top storylines in multifamily this week are utilizing technology for renters insurance compliance, quiet quitting, boosting fitness center usage, record apartment construction in 2022, supply chain issues subsiding and the growing Sun Belt market.