How will Artificial Intelligence Impact the Multifamily Industry?

Artificial intelligence, A.I.— these terms may sound like something out of an episode of Black Mirror or The Twilight Zone. However, artificial intelligence is a part of our everyday lives. (Think Siri or your Roomba.) Yet, as artificial intelligence continues to evolve, how will this technology impact the multifamily industry from tenant amenities to the way property managers do business? Smarter Units Many homes are equipped with artificial intelligence that helps connect their homes to […]

5 Ways to Get and Implement Resident Feedback in Multifamily

Happy residents and tenants are at the heart of a prosperous multifamily property, and what better way to ensure your tenants are getting exactly what they want than by asking them directly? Getting resident feedback and appropriately analyzing and implementing the results allows for a successfully run property. Some think that asking for feedback can encourage residents to create problems or issues, however, this is not the case. It will make tenants feel more comfortable […]

6 Creative Ways to Increase the Value of Your Multifamily Property

Whether you are looking to sell your multifamily property or want to validate raised rental rates for the asset, you’ll want to increase the value of the property. Let’s take a look at six creative ways to increase the value of your multifamily property. Perform Repairs & Make Improvements If your multifamily property needs to be modernized or needs cosmetic work, by performing these task, you can significantly raise the rent. The rental income from […]

Representation of Multi-Family Apartments or Student Housing

6 Things Landlords Should Look for When Screening Multifamily Tenants

If you are a landlord or property manager, you need to ensure every tenant who signs a lease is reliable and will not cause issues. Even if you need to fill spaces quickly, you should never rent out space to just anyone without properly vetting them. Here are six things landlords should look for when screening potential multifamily tenants. Take the Comments of Previous Landlords Seriously A previous landlord can tell you everything you need […]

4 Things to Watch in the Student Housing Market for 2019

According to Bisnow, student housing saw $10billion in transaction volume last year. While the student housing sector saw immense growth, there are still issues with obtaining affordable housing options for students both on and off college campuses. Here are four things to watch in the student housing market for 2019. Continued Growth in the Market  Student housing was once a niche of the commercial real estate industry, but now it has become its own sector […]

Striking the Balance in Student Housing

It’s not as sexy as luxury multifamily, but student housing is nothing to sneeze at. Student housing is a “key recruiting tool for universities” and the number of enrollees is rising, especially on the West Coast. Take for instance UC Davis in California. There the vacancy rate for apartments near the university is 0.2%. Most students cannot afford the less than 1% supply of student housing anyway. Rushing in to meet the high demand coming […]