LeaseLock Insights Multifamily Blog

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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protect-multifamily-economic-occupancy
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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3-economic-factors-pinching-owner-margins
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-state-security-deposit-legislation
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-Risk-Management-Pillars
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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Apartments-on-the-Go-Ed-Wolff-Deposit-Replacement-Revolution
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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three-use-cases-for-the-multifamily-shift-to-smarter-loss-protection
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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NAA-Apartmentalize-Recap-Top-3-Highlights
NAA Apartmentalize 2022 Recap: Top 3 Highlights and Takeaways for Multifamily Innovators

We’re still buzzing with excitement from all the amazing events that unfolded at last week’s NAA Apartmentalize 2022. With over 11,000 vendors and attendees, our team was delighted to welcome a constant stream of visitors to our booth and happy to reconnect with industry peers at our hosted events. While...

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Make-the-Most-of-Your-Time-at-NAA-Apartmentalize-2022
3 Tips to Make the Most of Your Time at NAA Apartmentalize 2022

Apartmentalize 2022 is the biggest event in rental housing and if you don’t have a solid plan in place it can be overwhelming to navigate, but not to worry—we’ve got you covered! As a California based company and a team who’s attended the event several years in a row, we...

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