These living arrangements generate higher rents for the same space, but they should not be implemented without careful consideration. By Adam Frisch (MultiHousingNews.com Article) — As rents continue to climb in most major metropolitan cities, many people, especially those in their twenties, are keen on living with roommates. This arrangement...Continue reading »
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Purposeful mechanical, electrical, and plumbing design can enhance your market position by decreasing costs and improving ROI. By Andrew Lasse (MultiFamilyExecutive.com Article) — In the competitive multifamily industry, developers are always seeking ways to enhance their market position. At the same time, with costs rising for labor, equipment, and...Continue reading »
Regular structural inspections are essential for the safety of your residents as well as the integrity of your developments. By Jane Powell (MultiFamilyExecutive.com Article) — Balconies require regular maintenance and inspection to limit loss of structural integrity due to corrosion, wood rot or, concrete deterioration. Structural issues at any property...Continue reading »
Population growth, high single-family home prices and an influx of foreign investment are some of the factors that will keep the metro’s multifamily market expanding and thriving. By Hernando Perez (MultiHousingNews.com Article) — South Florida continues to have strong demand for rental communities. Yardi Matrix research shows that unit deliveries...Continue reading »
These platforms make processes easier for both residents and operators. By Lauren Shanesy and Mary Salmonsen (MultiFamilyExecutive.com Article) — Leasing a unit can be cumbersome, often entailing many tedious steps from start to signing. The same can occur with maintenance requests, in response to which residents have come to expect on-demand service. The...Continue reading »
It’s still possible to get strong yields by investing in and repositioning class-B apartment buildings. By Bendix Anderson (NREI Online Article) — Investors are still eager to buy apartment properties where they can raise the rents and achieve strong yields. “There is a vast amount of capital in the multifamily space targeting value-add apartment...Continue reading »
How Western National Property Management uses creativity and a pinch of fun to keep its people motivated, challenged and happy. By Laura Calugar (MultiHousingNews.com Article) — Serving as a team leader is particularly demanding at a time when a labor shortage is nearing epidemic proportions. The challenge of finding and retaining qualified employees...Continue reading »
When considering innovations for their apartment communities, developers should focus on enterprise-first technologies that generate indirect and direct value for property owners. By Corey Metzman (MultiHousingNews.com Article) — A few months ago, I hosted a small gathering at my apartment. A friend offered to serve as DJ, which required pairing her...Continue reading »
You might be tempted to throw a party for your residents during the holiday season. Don’t. There’s too much stress on everyone. But after, everyone will be looking to relax. Here are some suggestions. By Jessica Fiur (MultiHousingNews.com Article) — This time of year sure is magical. You know what the best part of the holiday season...Continue reading »
