AI promises to serve as the foundation for a whole new generation of proptech capabilities in the years ahead. While multifamily has only scratched the surface in leveraging AI to enhance leasing, there remains great potential in its application in operations as well. At NMHC’s OPTECH 2022 event, industry leaders sat down during the NextGen…
Despite new capabilities through technological advancements, property management responsibilities are piling up and growing more complex, introducing new forms of risk in the process. What does it take for property owners and operators to reduce loss in the face of heightened risk exposure, especially when a recession looms? Traditionally, loss protection strategies have focused on…
As more next generation residents enter the rental housing market, renter priorities and expectations evolve. To appeal to these new preferences, improve the resident experience, and stay competitive, multifamily owners and operators need modern solutions. Our Chief Revenue Officer, Ed Wolff, sat down with Amenitize or Die host, Scott Patterson to discuss what value-add amenities…
As always, our team had a productive experience connecting with industry leaders and innovators at NMHC OPTECH 2022. This year, OPTECH was hosted at the Wynn Resort in Las Vegas, where vendors and innovators had the opportunity to reconnect, network, and have important conversations about the latest in multifamily housing technology and operations. The 3-day…
Concerns about a recession continue to grow as mortgage rates rise, cap rates expand, rent growth stalls, and inflation soars. Borrowing money has become more expensive, and property owners and operators are feeling the pinch. If multifamily net operating income (NOI) is at risk of slowing and the inherent risk of financial loss (i.e., bad…
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 floor filled with a hundred…
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, and networking opportunities. This year’s…
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. While renters and multifamily owners…
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 AI on the back end,…
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 stressors all play roles—potentially negative…
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 how protected properties are, increased…
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 new security deposit legislation. The…
