LeaseLock Insights Multifamily Blog

NHMC-OPTECH-2022-time-optimization-guide
How to Optimize Your Time at NMHC OPTECH 2022

It’s that time of year again—the NMHC OPTECH Conference and Expo is coming up in less than a week on November 01, 2022. Attendees are due to fill the Wynn Resort in Las Vegas, Nevada for three days with an agenda jam-packed with over thirty education sessions and an expo...

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NMHC OPTECH 2022: 3 Education Sessions for Forward-Thinking Owners & Operators

NMHC OPTECH 2022 is the must-attend conference for multifamily owners and operators who want to stay ahead of the latest technology and operations trends. With the top proptech innovators and housing leaders in attendance, the three day conference packs a ton of value with dynamic sessions, interactive workshops, educational discussions,...

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4 Benefits of Resident Retention
4 Added Benefits of Resident Retention (Plus How to Boost Lease Renewals)

Amid the housing market downturn, more buyers are being pushed into the rental market. Rent growth, which soared for the better part of 2022, has begun to stall, and various financial stressors like rising consumer inflation and mortgage rate hikes have started to eat away at owner asset value margins....

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ai in property management multifamily operations
AI in Multifamily Operations: More Than an Opportunity

While the application of AI in leasing took time for multifamily operators to adopt, AI leasing tools are now widely embraced. These front end solutions, like AI chatbots or AI leasing assistants, improve prospective resident engagement, reduce workload for property teams, and accelerate lease conversion. What about the application of...

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3 Considerations to Help Multifamily Operators Protect Economic Occupancy

When occupancy rates are high, risk to rental income may not sit as top-of-mind for property owners. In times of economic uncertainty, however, it’s easy to overlook the fundamentals of optimizing expenses, and that can lead to economic occupancy concerns. Market downturns, delinquency and damages, legislative landscape, and other economic...

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Unlocking the Value of Risk Prediction: The Key to Stronger Asset Performance for Multifamily [Guide]

The risk of financial loss in operating a property management company is especially high in today’s economic environment. Between rising mortgage rates, slowing rent growth, and surging inflation, asset value margins are exposed and owners are feeling the pinch. Security deposits have historically been the go-to financial instrument to protect...

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Multifamily Trends: 3 Economic Factors Pinching Owner Margins & How to Mitigate Them

There is an inherent risk of financial loss in the multifamily industry that comes as a result of damages, evictions, and skips. However, nationwide occupancy is high and vacancies are low, meaning there are fewer opportunities to gain new renters and a greater need to keep existing ones. Depending on...

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Washington Security Deposit Legislation: A New Opportunity for Operators

State and local governments are steadily adopting security deposit laws that offer renters financial flexibility. Many of these laws—like Texas SB 1783—also ensure operators have adequate protection and profitability for their assets. Earlier this year, the state of Washington passed one such law, joining a growing number of states adopting...

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5 Pillars of Risk Management in Rental Housing [Infographic]

Operating a property management company comes with a multitude of risks. Between physical property, operational performance, administration, and legal conflicts, risk quickly piles up leaving unprotected assets vulnerable to financial loss. Savvy operators understand that protecting their assets begins with a future-proof risk mitigation strategy—one that relies on data and...

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The Deposit Replacement Revolution: A Conversation With Apartments On the Go

With rent hikes and rapidly evolving renter expectations, operators are looking for ways to provide more convenience and added-value for residents without sacrificing the property’s financial performance. One such strategy involves reframing deposit-free leasing with a risk mitigation model. To discuss this recent industry trend and bring insight to the...

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The Fundamental Problem With Security Deposits (It’s Not What You Think)

Despite being riddled with risk, multifamily has accepted security deposits as part of property management just as residents have accepted paying them as part of renting an apartment. As neither party likes dealing with deposits, it’s time to re-evaluate their role and whether they serve that purpose effectively. As we...

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3 Use Cases for the Multifamily Shift to Smarter Loss Protection

Multifamily historically has been slow to embrace technology, but the industry countered that notion with its recent tech renaissance during the pandemic. Almost overnight, tech solutions went from last resort options to first-strike weapons in the industry’s effort to solve emerging issues. These technologies may have been a long time...

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