Between labor shortages and centralization efforts, multifamily is placing more pressure on its maintenance teams than ever before. The pace and scope of the work are growing, as companies increasingly assign the upkeep of multiple communities or even entire market portfolios to a single service crew. Teams must work strategically and efficiently to accomplish more with less manpower. To make such maintenance models feasible, technicians can't b ...
When multifamily owner/operators identify property technologies they believe in, and which show well in pilot trials, they often like to deploy those universal solutions portfolio-wide. There is value in implementing solutions at scale, derived through uniformity and purchasing power. However, the practice of wide-scale deployment of one-size-fits-all solutions makes one tenuous assumption: that all properties will benefit equally. Many industry ...
Today's prospective renter experience barely resembles the traditional model deployed by multifamily in recent decades. It is now fully mobile and self-sufficient, and empowers renters with more control over the process from Day 1. The apartment search begins online. Scheduling and conducting a tour now typically take place via a mobile app. App technology has been launched to smooth the prospect experi ...
As multifamily operators search for alternative operational models to combat labor shortages and the rising costs of property management, centralization has become increasingly popular. But operators looking to make the transition to a centralized model need to ensure they have the necessary technology tools in place to support the move. Because the intent of ...
The age of property technology that solves for only one on-site issue was bright but brief. Multifamily operators quickly recognized that the most powerful drivers of NOI are technology solutions that serve a primary function while also complementing or enhancing other proptech. Those synergies between tech solutions establish efficiencies and create an Internet of Things (IoT) that delivers benefits greater than the collective sum of its part ...