Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
AI at the Community
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AI-driven solutions have the power to not only enhance the experience for potential and existing residents but also improve efficiency for property managers and leasing teams.
1. Virtual Reality (VR) and Augmented Reality (AR) for Virtual Leasing: AI-driven VR/AR solutions create…
Finishing Touches: Part Three
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Multifamily housing as an industry is expanding from implementing new technology and processes to larger teams to companies broadening their footprints. AI and centralization are only portions of the larger picture that when used can affect different segments of the industry and separate processes…
Finishing Touches: Part Two
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Artificial Intelligence and multifamily housing have a symbiotic relationship now. The two are interwoven spreading and creating new connections for effectiveness and efficiency. This ranges from different uses to different users, e.g., chatbots, virtual touring, resident software, maintenance…
Finishing Touches
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Inflation has leveled off, rent growth has flattened; new markets have bloomed, some have been reinvigorated; operational processes have faced attrition, others have blossomed into ones that now include only technology with little to no paper trail. The rental housing industry continues to be in…
Why Do People Move?
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More than 24.2 million people in the U.S. moved in 2022. Data from RentCafe shows 14.6% of people moved for new or betting housing, while just over 13% relocated for a new job or job transfer. The data reveals findings about housing-, job- and lifestyle-related reasons for moving including cost,…
Unlawful Non-Compete Agreements Back in the Spotlight
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The National Labor Relations Board’s (NLRB) latest memo reaffirms a hard line that General Counsel, Jennifer Abruzzo, will not allow employers to cross when it comes to restrictive employment provisions. The memo reiterates Abruzzo’s position that, “except in limited circumstances, the proffer,…
Streamlining the Leasing Process with AI and Modern Technology
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The pandemic gave operators a nudge to embrace cutting-edge technology solutions like never before, and experts say the sector now has entered an era in which artificial intelligence (AI) can offer major advancements in leasing process efficiencies and the customer experience.
That was…
Cost-Burden Residents at Record High
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The share of residents' rent-related expenses is at an all-time high. According to Apartment List, 22 million rental households—as of 2023—spend more than 30% of their income on rent, a 226,000 jump from 2022 and a new record pace.
Just over a quarter of renters spend at least half of their income…
Strategies for Attracting and Retaining High-Performing Employees
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Acquiring high-performing associates can be a difficult undertaking. Keeping them with an organization can be even more challenging. Readily aware of this notion, the rental housing industry is taking steps to make property management roles more attractive—and a place where associates have the…
Standard Communities Expands into 3 New States
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Standard Communities is in three new states following a large acquisition in early November. The portfolio consists of 6,000 apartment homes at more than 60 communities in four states: Arizona, Colorado and Texas join the already popular California portfolio.
Standard's portfolio now covers nearly…