Cut Rents or Invest in New Technology: Navigating the Multifamily Space in High-Interest Times I came across an insightful article that delves into the current challenges in the multifamily sector, especially as we face high interest rates. It raises a crucial question: Should property owners cut rents to stay competitive, or should they invest in innovative technologies to enhance tenant experience and operational efficiency? With the market shifting, it's essential to consider both short-term solutions and long-term strategies https://lnkd.in/eEXWnzkq
Chase Coley’s Post
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87% of renters demand robust connectivity from the properties they live in. Technology is no longer a nice-to-have in apartment buildings — it’s a must. Check out this article by our partner, Cox Communities, about the role of technology in attracting prospects and keeping older buildings relevant to modern renters 👉 https://lnkd.in/grUQkQKA
Next-Generation Smart Tech Solutions for Multifamily Customers
https://www.ocregister.com
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As our lives rely more and more on technology and connectivity it is crucial that #multifamily communities keep up! In this article, The Multifamily Journal outlines 5 ways technology is redefining multifamily living. Or as we see it, 5 reasons Andrena's managed WiFi can improve the resident and management experience. #ConnectivityMatters https://lnkd.in/d6ktziwA
Modern Amenities: Five Ways Tech Redefines Multifamily Living - The Multifamily Journal
http://themultifamilyjournal.com
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🏢 Is your multifamily property in need of a tech upgrade? Discover how to revitalize your aging property with cutting-edge fiber solutions in our comprehensive guide. #TechUpgrade #FiberTransformation #Multifamily
Transform your aging multifamily property with amenity fiber internet
multifamilyresources.quantumfiber.com
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🏢 Is your multifamily property in need of a tech upgrade? Discover how to revitalize your aging property with cutting-edge fiber solutions in our comprehensive guide. #TechUpgrade #FiberTransformation #Multifamily
Transform your aging multifamily property with amenity fiber internet
multifamilyresources.quantumfiber.com
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Here’s my latest Broadband Communities article, featuring info about the recent white paper, The State of Multifamily Connectivity. Read about this work by Dom Beveridge in collaboration with Real Estate Technology & Transformation Center here, and access the link to download the white paper.
Recently we sat down with multifamily technology consultant Dom Beveridge of 20for20 to discuss his newly published white paper, The State of Multifamily Connectivity. Developed in partnership with the Real Estate Technology & Transformation Center (RETTC), the paper explores the evolving role of broadband connectivity in multifamily housing.
New white paper reimagines multifamily connectivity - Broadband Communities
https://bbcmag.com
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Great article published in Multifamily Executive last week which highlights the increasing competition in the multifamily housing market due to a surge in new property developments. Article focuses on ways to stay competitive and relevant in today's market by focusing on connectivity and smart technology solutions. ⭐ Older properties are facing challenges to stay competitive in an era where residents prioritize cutting-edge amenities and technology. ⭐ Demand for smart-home features is rising, with over half of multifamily residents considering them essential and willing to pay premiums for them. ⭐ Retrofit options available to enhance older properties, including sustainability and energy-efficient technologies, smart safety and security systems, and preventive maintenance solutions. ⭐ Investing in smart technology upgrades can lead to higher occupancy rates, increased revenue, and greater resident satisfaction. ⭐ Older properties can leverage modern connectivity and smart solutions to compete. Thank you Sandy Jack for your contribution to this article! ePropertyCare PointCentral Alarm.com #multifamily #propertymanagement #smartlock #smarttechnology #proptech
Why Upgrading PropTech in Established Multifamily Housing Should Be a Top Priority
multifamilyexecutive.com
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The multifamily property management industry in North Carolina is flourishing, driven by a blend of urbanization, economic growth, and an increasing demand for quality housing. Here are some key insights into this dynamic sector: Booming Market: North Carolina's major cities, including Charlotte, Raleigh, and Durham, are experiencing significant population growth. This surge has escalated the demand for multifamily housing, creating numerous opportunities for property managers. Technological Advancements: The integration of advanced property management software and smart home technologies is transforming the industry. These innovations are enhancing operational efficiency, improving tenant satisfaction, and providing real-time data analytics for better decision-making. We love AppFolio! Sustainability Focus: There is a growing emphasis on sustainable and energy-efficient building practices. Multifamily properties that incorporate green building materials, energy-saving systems, and eco-friendly amenities are not only attracting environmentally-conscious tenants but also achieving cost savings. Community Engagement: Successful property management goes beyond maintaining buildings; it's about fostering a sense of community. Organizing social events, creating shared spaces, and offering personalized services are key to enhancing tenant retention and satisfaction. Economic Resilience: Despite economic fluctuations, the multifamily housing market in North Carolina has shown resilience. Diversified job markets, affordable living costs, and a high quality of life continue to attract new residents. As the industry evolves, staying ahead of trends and embracing innovation will be pivotal for property management professionals in North Carolina. Let's continue to build communities where residents feel at home and properties thrive! 🌟 #PropertyManagement #MultifamilyHousing #NorthCarolina #RealEstate #Sustainability #CommunityEngagement #Innovation #EconomicGrowth
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Did you know that unit turnover costs can range from $1,000 to $5,000 per apartment? This staggering figure, reported by the National Apartment Association, underscores the critical importance of resident retention in multifamily properties. In the competitive world of property management, smart property technologies are proving to be a game-changer. Advanced smart locks and thermostats not only enhance the living experience but also play a pivotal role in retaining residents. By offering greater convenience, security, and energy efficiency, these technologies meet the evolving expectations of today's renters. Smart locks provide residents with the flexibility of keyless entry, enhancing security and ease of access. Meanwhile, smart thermostats enable personalized climate control, leading to significant energy savings. These benefits not only improve resident satisfaction but also contribute to long-term retention. As someone deeply immersed in the field of real estate and property management, I’ve seen firsthand how integrating these technologies can transform a property. My team and I at ePropertyCare have been dedicated to delivering these solutions, ensuring that multifamily properties stay ahead of the curve and meet the modern demands of residents. But here's the real question: How are you leveraging smart technology to boost resident retention in your properties? Have you considered the impact that these innovative solutions can have on reducing turnover costs? I'd love to hear your thoughts and experiences with smart property technologies. If you’ve seen a positive impact from these innovations in your properties, share your story in the comments. And if you’re interested in exploring how these solutions can enhance resident satisfaction and retention in your buildings, let's connect. #SmartPropertyTech #ResidentRetention #MultifamilyHousing #PropTech #RealEstateInnovation
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𝐁𝐨𝐨𝐬𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐰𝐢𝐭𝐡 𝐒𝐦𝐚𝐫𝐭 𝐇𝐨𝐦𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐢𝐧 𝐌𝐮𝐥𝐭𝐢𝐟𝐚𝐦𝐢𝐥𝐲 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬. Our latest blog explores how integrating smart home technologies can enhance your profitability in the multifamily real estate sector. Here’s a sneak peek at the financial benefits you’ll discover: - 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐕𝐚𝐥𝐮𝐞 - 𝐑𝐞𝐝𝐮𝐜𝐞 𝐔𝐭𝐢𝐥𝐢𝐭𝐲 𝐂𝐨𝐬𝐭𝐬 - 𝐋𝐨𝐰𝐞𝐫 𝐕𝐚𝐜𝐚𝐧𝐜𝐲 𝐑𝐚𝐭𝐞𝐬 - 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 Maximize your returns and improve tenant satisfaction by staying ahead of the curve with smart technologies. 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐛𝐥𝐨𝐠 𝐡𝐞𝐫𝐞: https://lnkd.in/gDC2nNez
TECH-DRIVEN ENHANCEMENTS: LEVERAGING SMART HOME TECHNOLOGIES IN MULTIFAMILY VALUE-ADD PROJECTS
eoncapitalpartners.com
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Ever wondered why top Multifamily, Student, and Build-to-Rent (BTR) Builders are raving about ePropertyCare? In the fast-evolving world of real estate development and property management, staying ahead means embracing innovation. At ePropertyCare, we pride ourselves on offering the most comprehensive Smart Property Technology platform in the industry. But what truly sets us apart? It's not just our cutting-edge technology—it's our flawless installation services and unparalleled ongoing support. Imagine a world where building access control, video surveillance, water leak detection, smart locks, thermostats, lighting control, and garage control all work seamlessly together. That's the reality we create for our clients. Our solutions are designed to enhance both the functionality and security of properties, making them more attractive to residents and easier to manage for property owners. Our team is dedicated to crafting the perfect solution tailored to your building and budget. We understand that every project is unique, and we thrive on the challenge of delivering customized solutions that exceed expectations. From the initial consultation to the final installation and beyond, we ensure that every step of the process is smooth and efficient. What I love most about my work is seeing the delight on our clients' faces when they realize the full potential of their properties. Creating outstanding places to live for apartment residents nationwide is not just our job—it's our passion. Curious to learn more about how we can elevate your property to the next level? Let's connect and discuss your projects and goals for the year ahead. Book a meeting with me today, and let's explore the endless possibilities together. If you found this post insightful, please give it a like, leave a comment with your thoughts, or share it with your network. Your engagement helps us continue to innovate and deliver exceptional solutions. #Innovation #RealEstate #PropertyManagement
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