Referrals continue as the most popular source of prospects to our community. So, it only makes sense that we focus to increase resident referrals. We monitor the reviews and encourage satisfied customers to share their experience. Even with a growing range of virtual experiences, the leading influencer in both sending visitors to the community, but also visitors that make the…
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Multifamily operators are currently deploying technology solutions on the property level at a faster rate than ever before in the industry’s history. The necessity to accomplish more with less in-person manpower during the pandemic demanded a new approach that embraced innovation. In response, proptech companies have developed a vast array of products, creating an almost…
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U.S. advance estimates of retail and food service sales for April 2021 essentially remained unchanged from March 2021. Consumer retail spending recorded a seasonally adjusted total of $619.9 billion in April.
NAR did a research study on the conversion of vacant hotels/motels into multifamily housing to draw some insights and best practices.
It is becoming clear that we’re in the early stages of what will be an incredible economic recovery, especially for multifamily rental housing. In this post, I will summarize the reasons to be cheerful about 2021 and the things that revenue managers should be doing now to capitalize on the unique opportunities that this recovery…
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In the 1980s you couldn’t wear a brown belt with black shoes. Now you can wear whatever. Same principle applies to fixtures and hardware. With the right application, you can marry polished nickel plumbing hardware and matte black cabinet hardware. Or gold pulls and chrome pull down faucet. Please don’t…
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According to the Snapshot on Race and Home Buying in America, which uses Census ACS data, the homeownership rate for Black Americans is 42%, Hispanic Americans 48.1%, Asian Americans 60.7%, and White Americans 69.8%.
Over the last 12 months, the inflation rate rose 2.6%, compared to 1.7% in February and 1.4% in January, respectively.
Spring is arriving, and revenue manager’s thoughts typically turn not just to baseball but to sequential rent growth. Of course, this year is particularly uncertain given everyone’s interest in how the COVID-19 crisis will affect us. I’m going to be bold and say that “Yes, we are seeing a return of pricing power,” and those who recognize…
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Wonder why you are always recruiting? Why does it seem that all the great candidates are working at one of your competitors? Hmmm? Is your foundation for attraction and retention well built? Love the saying “if you build it they will come”? Well for a property management company that translates into how’s your company…
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