This week’s top multifamily headlines: building and developing the right teams, mitigating disaster with smart home tech, self-guided tour best practices, the FHFA’s extension of the eviction moratorium, property management labor issues persist and supporting the contactless community.
The biggest news in multifamily this week: how short-term rentals have adapted, the state of lead sourcing in multifamily, the right tech to maximize ROI, the impact of remote work on housing, construction delays due to high prices and scarce resources and apartment dwellers choosing not to move.
When the pandemic struck, operators across the country had to expand their touring options. Solutions like self-guided tours and live video tours became a necessity as social distancing protocols and coronavirus-related precautions either limited or temporarily eliminated traditional in-person, agent-led tours.
The most important multifamily news of the week: leasing lessons learned during the pandemic, event opportunities this spring, single-family rental operators becoming common buyers of new homes, rent prices show largest jump in April since 2017, NAHB asks Biden administration to address lumber costs, and investors are walking away from ‘walkability.’
The most important multifamily headlines of the week: short-term rentals are here to stay, how to attract and convert prospects with your property website, the power of ‘and’ for multifamily operators, developers are struggling to build garden-style communities, keeping expenses in check in an uncertain market and making a statement on DE&I.
By this I mean operators too often think of implementing solutions as an either/or scenario: should we offer guided tours or self-guided tours? Should we have prospects interact with chatbots or leasing agents over the phone? The answer in these situations is almost always “both.”
Building a CRM playbook, implementing new technologies in a scaled back manner, dealing with more support animal accommodation requests, suburban apartment growth, affordable housing opportunities and Gen Z fitness preferences headline this edition of the Industry Trends Report.
One of the keys to successfully adapting to the pandemic is to realize that nothing has to be set up perfectly before implementation.
Self-guided tours were certainly becoming more common in multifamily before COVID-19. With social distancing, the adaption of them has accelerated.
This week’s top multifamily news headlines: The Power of SGTs: Prospects Trade in Their Own Currency, 6 Amenities That Attract Renters During Covid-19, The Problem With Stock Review Responses and more.
This week’s top multifamily news headlines: Getting Self-Guided Tours Right, The Future of Apartment Design, Don’t Be So Defensive, Concerns about Residents’ Financial Well-Being Grow