Centralization is a trending operational strategy in multifamily, and a movement that likely won't ever be retracted. The advent of new property technologies in recent years has equipped the industry to permanently migrate toward combating labor issues and rising operating costs. However, centralization efforts are rarely uniform — especially in maintenance. There are varying opinions about which functions and services should be centralized, the ...
Multifamily software developers have historically taken one of two approaches to product development. Develop original software that delivers enough intrinsic value, efficiency or cost savings to generate demand for the product. Design software that specifically supports or manages only mainstream hardware products deployed throughout the multifamily industry. While both strategies have proven prosperous in the past, industry preferences have evo ...
When it comes to partnerships and acquisitions in multifamily, timing is everything. Mergers are most successful when both parties are at similar points in their evolutions and ready to take things to the next level. Operational alignments and tech integrations must be completed in stride, enabling both sides to immediately benefit from one another, enhance offerings and build momentum. While some industry acquisitions merely serve to expand the ...
In-Depth Industry Knowledge is Key to Powerful Innovation
For decades, when multifamily operators required a technology solution, they typically had to source it from outside the industry. While many innovations designed for other business sectors could be modified for use by the apartment industry, they often didn’t work as well as operators hoped. The reasons for the product shortcomings were simple: they weren’t designed for multifamily and, perhaps most importantly ...
The Hardware and Software of It: Smart Home Technology is More Than Hardware
When most people think about “smart home technology,” they immediately envision smart thermostats and lighting, maybe even door locks, doorbells and motion sensors. They think hardware. But it is the software side of smart home tech that has the biggest impact on the bottom line. Physical products – which also include cameras, lock boxes, plug-ins, readers, dimmer s ...
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Multifamily News
- Lissette Calderon’s Neology Development Celebrates 21 Years of Business and Reinvigorating Miami’s Neighborhoods
- RKW RESIDENTIAL Promotes John DeMario to Regional Vice President
- 460-unit sale of multi-housing community between Buffalo and Niagara Falls, NY trades
- Sale of northwest Austin multi-housing community closes
- $32.125M financing secured for multi-housing development outside of San Antonio
