Dark clouds began gathering in 2015, with gloomy reports of occupancy starting to drop, rent growth dangerously exceeding CPI growth, and fears that a record number of starts would create an oversupply in numerous markets (due to the industry seeing the most starts in 21 years). The storm is now brewing, with some markets seeing two-three months free now being offered.
Reis Economist Ryan Severino stated, "Even without the tsunami of new supply hitting the market, vacancy is on the way up. This does not portend goods things for the next couple of years as new completions increase and flood the market."
A storm is no longer simply brewing - the rain has begun. Join multifamily's resident and employee retention expert Doug Miller for a weather forecast as he shares plans for constructing marketing, retention and reputation management arks to help businesses thrive during stormy and sunny times.
Join Doug Miller and the Webinar Wednesday Team in a special recorded broadcast to build your ark!
Who should watch:
On Site Team Members, Regional Managers, Small Owners, Management Company Executives, Training Directors
About Doug Miller:
Doug has 30+ years of experience in multifamily. Prior to creating his first business in 1996, a multifamily consulting firm, in the 1980’s Doug was an advertising account executive. In the late 1980’s he was Director of Marketing for several NMHC Top 50 and regional management firms. In 2000 he created SatisFacts, multifamily’s largest resident feedback, retention and reputation management service provider – where he worked with 300+ management companies. After selling SatisFacts to Internet Brands, owner of ApartmentRatings.com, in 2012, Doug continued as president until leaving the company at the end of 2015.
Since leaving SatisFacts, Doug dedicated himself to creating a business that could have an even greater impact on society. Given his experience in multifamily, the next step was logical – to help forward-thinking management companies enhance programs that support employees, residents, and the communities they operate within. Enter ManagInc and its Everyone Can Win™ Corporate Social Responsibility planning platform.
Now in its fourth decade, Yardi® offers a complete real estate management solution with the Yardi Voyager® platform. Stacked with the Yardi Multifamily Suite™, Yardi Marketing Suite™ and Yardi Orion™ Business Intelligence, it includes marketing, operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility.
* Each registration is good for one attendee OR one on-site team. If you would like multiple attendees, group viewing events, or other needs, please contact us.
