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 ...
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...
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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 ...
What do you think, should they have been served eviction notices for gardens?
They have the right to make that request and the tenants have to follow it or face the consequences.
Is it legal, yea. Is it moral, not really. But the situation got taken care of either way
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?
Looking for some input on parking enforcement. When do you tow (and is it only a last resort)? What other methods do you have for enforcement besides towing?
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Ok Folks... This post is for humor only. Please do not take it literally. That is All.
All Multifamily competes for tenants by giving concessions. The most common type of Concession is the Free Months rent.
It is usually given in the 2nd month.
While the free month Consession is attractive to all demographics. It's most attractive to lower income folks.
Unfortunately that's where the...
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During the Centralization & Optimization: Using Technology to Centralize & Optimize Operations Effectively session at RETCON this past week, Whitney Kidd asked a great question about potential reduction in customer satisfaction (CSAT) scores after centralization efforts. Gigi Giannoni shared that they only received 3 negative complaints across the entire portfolio, but one thing they had focused on was increasing the frequency of resident surveys and the timeliness of their response.
Love the story and message! Share pics of the kittens!
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Multifamily News
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- Decron Sells Multifamily Community in Moorpark, CA for $133.2 Million
- Housing Trust Group & Elite Equity Development Break Ground on Phase 2 of Naranja Grand,...
- California Landmark Group Debuts 100-Unit Community Near Downtown Los Angeles
