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If you're trying to make a name for yourself and your target audience lives in multifamily communities, you need to use powerful branding strategies for multifamily properties. Establishing a strong brand can give your property an edge over competitors, gain the trust of potential renters, and improve the likelihood of successfully leasing the rental property. In this guide, we'll go over some effective multifamily marketing strategies that work. ...
Good morning everyone! On the hunt for a new Procurement and accounting software! We use yardi voyager 7s(soon yardi8). We currently use Avid Exchange for Accounting and recently ended Yardi Marketplace. Any leads you can offer would be amazing!
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Budget season doesn't have to be a stressful scramble. Imagine a future where you leverage data to not only streamline the process but also gain a strategic advantage for your entire property management operation. Evaluating data can help determine which processes and vendors should be reevaluated to fit the changing needs of your organization. Below are a few tips to help you survive Budget Season 2024.Unlocking Hidden Potential: Efficiency and ...
Good Morning, I am looking for a policy/best practices regarding associates that live onsite, if anyone is willing to share. I am specifically looking for how long they need to be employed before moving onsite, do you allow them to transfer units, etc. Thank You!
Cedar Argo is friends with Brent Williams
U.S. Home Purchase affordability directly influences multifamily rental property rents and values. In 2023, only 16% of homes were affordable in America, falling from 21% in the year before.
An affordable listing was defined as one with a monthly mortgage payment no more than 30% of the median monthly income of that county. Below, we show the share of affordable listings in the 97 biggest U.S. metropolitan areas by population:
Although mortgage...U.S. Home Purchase affordability directly influences multifamily rental property rents and values. In 2023, only 16% of homes were affordable in America, falling from 21% in the year before.
An affordable listing was defined as one with a monthly mortgage payment no more than 30% of the median monthly income of that county. Below, we show the share of affordable listings in the 97 biggest U.S. metropolitan areas by population:
Although mortgage rates may decline over the year if the Federal Reserve cuts interest rates, it may not be enough to boost the supply of affordable housing.
That’s because rates may not fall sharply enough to undo the “golden handcuff” effect, where homeowners are reluctant to sell to hold on to their low mortgage rates. Adding to this, home construction has fallen significantly since the global financial crisis. During this time, home builders and lenders became increasingly cautious, leading home construction to drop 55% between 2006 and 2021.
Although mortgage rates may decline over the year if the Federal Reserve cuts interest rates, it may not be enough to boost the supply of affordable housing.
The good news is that new-home construction is forecast to increase in 2024, with single-family housing starts projected to grow 4.7%.
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Security Cameras… Any rules around a property releasing common area video recordings to a resident requesting…
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45As "the guy" who led the development of the first pricing and revenue management system for multifamily housing (LRO) and was the industry's first-ever VP of Pricing and Revenue Management (PRM) back in 2001, I've watched with great interest the past 23 years as adoption evolved.What started out as a practice highly questioned for its relevance to rental housing has become de rigeur for the NMHC Top 50 and at least a few hundred other companies ...
In the fast-evolving digital landscape, advertising your apartment complex online is fundamental to attracting potential renters. Google Ads remains a powerful tool for reaching your target audience and driving traffic to your website. To ensure your ads remain relevant and effective, it's vital to stay updated with current best practices. In this blog post, we'll provide you with five strategies to improve your apartment Google Ads in 2024.1. In ...
Stop worrying about beating your competitors and instead concentrate on developing a stronger firm. Concentrating on your competitors wastes valuable time that could be spent making the right decisions for your company. You will increase your market share the sooner you take this action. Here are the reasons why and steps to achieve the right mindset:1. Customers Rule, Not RivalsThe people that determine how you develop are your consumers. ...
As AI continues to lead conversations, several RETCON sessions, such as Technology & Business Intelligence: Using Technology & Data to Make Better Decisions, discussed the underlying challenge still plaguing multifamily companies: Dirty Data. In order to implement predictive and decision-making AI solutions, data must be as clean as possible, and yet operators are still struggling in multiple ways.To ...
Pros and Cons Of Tenants Receiving Vouchers
While there are properties that focus exclusively on affordable housing, most properties are mixed use. They include a minority of tenants who are helped with their rent through a voucher system. The most common system being Section 8. Vouchers can cover...
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Why is it that the only people who write their unit # on the envelope always have it written on their check also?