Not long ago, multifamily developers competed to provide wow-factor amenities that would attract residents—from movie theaters and rock climbing walls to dog washes and bike repair stations, flashy property features were sure to grab the attention of prospective tenants. But the sentiment is shifting, and developers are now focusing on
The thought of vacant units can strike fear into the heart of many in the real estate industry. “In the United States, at any point in time, there are hundreds of thousands of vacant, newly-built apartments,” explains Jason Fudin, CEO and co-founder of WhyHotel, an alternative lodging service that operates
Operating a profitable rental property requires more than just well-run accounting practices.Successful owners understand that property managers and leasing agents must come together toconfess their love of one thing; tenants. A property has limited value without quality residents, butpursuing them, managing them and retaining them is no easy task. To
When residents pull up to AVE Florham Park, a 256-unit luxury mid-rise property in Morris County, N.J., the door to the parking garage automatically opens for them, without the need to press a button or search for an access fob. “You’re not fumbling in your purse to find the garage
Renter preferences in the U.S. may be shifting toward tech-centric amenities like video doorbells and smart locks, but longstanding, traditional features are still just as important as ever. In one of the largest surveys undertaken in the multifamily industry, 373,000 renters across the country responded to the 2019 Renter
Did you know that the number one apartment feature prospective tenants are interested in is central-air conditioning? Or that among community features, forget about on-site fitness centers, they would be willing to pay the highest premium for on-site child care? The results of an annual survey administered by NMHC and
At the GlobeSt Apartments conference, tech companies went head-to-head in a shark-tank-style competition. Commercial real estate tech companies went head-to-head once again for Tech Tank at GlobeSt Apartments. The shark tank-style round up features emerging technology companies presenting their unique concepts to investors. This year, Tech Tank included Iotas, Salto
Property management teams can mitigate liability and lost revenue through pet audits and software platforms. In a perfect world, every resident would properly report pets when they move into an apartment community. They would also report any pets they acquire or sit during their stay, and they would never consider
Recent data from Meyers Research points to lesser-known hot spots for multifamily. Seeking the brightest heat lamps for real estate action typically conjures a list of the usual suspects—Dallas, San Francisco, Seattle, and Washington, D.C. But experts are now looking at numbers from what used to be considered secondary markets
Multifamily developers continue to build at a vigorous pace in the Phoenix metropolitan area, but a unique segment of the market, single-family rentals, is gaining traction in the suburbs like the West Valley submarket. Of the 1,660 units currently underway in the submarket, about 42% is attributed to single-family rentals.
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