Enter your email address for weekly access to top multifamily blogs!

Multifamily Blogs

This is some blog description about this site

2020’s Impact on Multifamily Housing

  It’s safe to say that 2020 has been a roller coaster ride. This year has drastically impacted businesses across industries, including all sectors of real estate.  Though multifamily housing is no stranger to change, it is rare to see change at the accelerated rate we’ve experienced during 2020. In response to COVID-19, multifamily property managers, owners, and developers have had to adapt to social distancing, health concerns, and a demand for safer, contactless experiences. Here’s an overview of how 2020 has changed multifamily housing and what you can do to adapt to the circumstances, retain residents, and continue signing top-dollar leases.   Once amenities, now necessities Up until 2020, multifamily buildings set themselves apart from the competition with amenities. Once reliant on high-touch amenities — like 24/7 concierge and house cleaning services — multifamily housing eventually shifted to high-tech amenities. These amenities capitalized on technological advances and focused on adding convenience to residents’ daily lives. Now, in 2020, residents prioritize safety over convenience.    As COVID-19 remains a public safety threat, renters are more concerned with: How to avoid touching high-risk surfaces Who is entering their building How communal spaces are shared   Real estate professionals must step up and make an effort to adapt to residents’ shifting demands. This effort starts with adopting property technology (proptech) solutions to boost resident safety.   Using proptech to create safer buildings Technology has the power to keep your building secure and give residents the peace of mind they deserve. Property managers, owners, and developer......
Continue reading
1034 Hits
0 Comments

Multifamily Building Entry System Choice Affects Investor ROI

Multifamily Building Entry System Choice Affects Investor ROI
A high return on investment is largely sought after in the multifamily housing industry. Investors often flock to opportunities where the numbers show best returns over time. With the growing need for housing throughout North America, why not choose an investment venture in the multifamily industry? It certainly has its ROI benefits and almost always delivers when projects are planned and completed properly. Yet surprisingly, one of the less obvious and overlooked areas that really helps drive a higher return on investment in the multifamily industry is the building entry system that is chosen, and here’s why: Tenants pay more for video enabled building entry system It’s true. Tenants will actually anticipate and accept a higher monthly rent or mortgage payment when given the security and use of a more valuable building entry system. Consider the choice of video intercom with keyless entry versus apartment intercom with key entry (voice only). Even tenants can easily determine a system’s general cost and overall value when it comes to choosing a residence. With video entry, tenants can keylessly enter their building using key fob, card access or code access methods and grant guests access from the comfort of their living room. Security is also enhanced with the ability to visually identity visitors through a video monitor and avoid the accidental allowance of a burglar. Voice only intercoms have security loopholes that can easily be breached by the cunning criminal, therefore devaluing the building’s access control and security as a whole. In regards to actual ......
Continue reading
1514 Hits
0 Comments