We know that traditional security deposits fall short in their risk mitigation capabilities, instead negatively impacting properties at financial, operational, and regulatory levels. Yet, many property owners and operators are unaware how surety bonds — promoted as an alternative to deposits — often compound the risks that deposits introduce. Our insights reveal that the path…
Manoj Sigdel, Head of Data and Analytics at LeaseLock, is a highly experienced technology leader with a focus on SaaS-based business intelligence (BI) products. He has over 15 years of experience in various industries, including real estate, property management, financial services, and insurance. Manoj holds an MBA in Strategic Leadership and possesses a deep understanding…
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 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…
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…
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 against such loss, yet they…
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…
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 smart technology solutions to accurately…
