For multifamily owners & operators, an unstable economic environment can compromise cash flow. What can you do to protect your revenue both in this economy and in the longer-term? The bumpy U.S. economy If you think about the last few years as a commercial flight, the multifamily industry pre-pandemic was taxiing on the tarmac. Then, the plane took off as rent prices surged in 2021. Nationally, the cost to rent an apartment rose by 17.6%, and ...
7 Trends that Influenced Resident Retention & Acquisition in 2022
As we kickstart 2023, it’s likely that you’re brainstorming ways to keep two components of your business strong: resident retention and resident acquisition. A good starting point is to look at the trends that influenced retention and acquisition in 2022. That’s because there were several dynamics that influenced these areas that are still going to affect your business in the New Year. One thing that’s clear is that w ...
9 Mistakes Property Managers Make with Utility Management
Utilities are one of the biggest expenses for apartment communities. And with inflation pushing the price of utilities to record-highs, it’s even more important that you’re keeping these expenses to a minimum. Luckily, the right utility management strategies will not only help you keep costs down, but present an opportunity to bring in added revenue. Before that can happen, you need to assess every aspect of your utility program. Beca ...
Why community associate turnover is so high (and what to do about it)
Offering a positive resident experience benefits many areas of your business, especially renter retention and acquisition. There are many ways to create a great living experience for your residents, but one key factor sometimes gets overlooked - your community associates. That’s because happy and fulfilled employees are far more likely to be attentive and courteous ...
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Multifamily News
- Greystone Housing Impact Investors LP Provides Tax-Exempt Bond Construction Financing for Workforce Housing in San...
- Berkadia Arranges $37.5MM in Acquisition Financing for Tavalo Tradition, A New Built-To-Rent Single Family Community...
- STANDARD COMMUNITIES ACQUIRES SIX 100% AFFORDABLE COMMUNITIES TOTALLING 407 UNITS IN LOS ANGELES COUNTY
- Concord Summit Capital Closes $23.5 Million in Construction Financing for Luxury Condominium Project in Coastal...
- George Merrick’s 8th Village Comes to Life as MG Developer Hosts Groundbreaking Ceremony and Harvest...
