Obligo’s Post

RealPage, Inc.'s second annual national survey reveals renters prefer properties offering seamless technology, moving solutions, loyalty programs and flexible payment options. According to research: - 98% of renters want a loyalty program for paying rent - 93% of renters are interested in flexible rent payments - 97% of renters would choose an apartment offering an easy way to manage moving. Read more at the link: https://lnkd.in/eammBiNZ #RW24

Would the multifamily housing industry be able to adapt to these requests? Perhaps some do already: "RealPage Releases New Multifamily Rental Trends Company’s second annual national survey reveals renters prefer properties offering seamless technology, moving solutions, loyalty programs and flexible payment options  98% of renters want a loyalty program for paying rent 93% of renters are interested in flexible rent payments 97% of renters would choose an apartment offering an easy way to manage moving" #rentingincanada #tenants #newcomerstocanada Scotiabank Dave Frattini #loyaltyprograms Rentsync Giacomo Ladas Mainstreet Equity Corp. #multifamilyinvesting

Big big kudos to the team Redfin for bringing yet another feature to help customers to our site. Home owners can now list their home for rent on Redfin in just a few easy clicks. It's free to list your home for rent. We continue to be steadfast in our efforts to bring as much inventory as we can to Redfin's product. Great work to all the folks. If you have a property to list for Rent, try it out on Redfin and please share any thoughts with me! #realestate

#RealPage's second annual national survey reveals that renters prefer properties offering seamless technology, moving solutions, loyalty programs, and flexible payment options. According to research: - 98% of renters want a loyalty program for paying rent - 93% of renters are interested in flexible rent payments - 97% of renters would choose an apartment offering an easy way to manage moving. Read more at the link below. #RW24 https://lnkd.in/gXAzGYas

🌟 **Good News for renters could also be good news for Multifamily Investors!** 🌟 In July, more property managers offered concessions on their rentals as rent growth slowed, according to Zillow's latest data. Thanks to a post-pandemic construction boom, renters now have more options and the benefits are clear. 🏙️ 🏡 **What’s Happening?** - **Concessions on the Rise:** 33.2% of rental listings on Zillow offered a concession in July, up from 25.4% last year. Think free rent weeks or complimentary parking! - **More Choices:** Over 60,000 new multifamily units were completed nationwide in June – the highest in half a century. - **Rent Growth Slowing:** While rents have risen by 5.1% since last July, that’s far below the steep increases we saw during the pandemic. **Key Takeaway:** Now is an opportune time for investors looking to buy multifamily properties. With a cooling market and a surge in new construction, you can find valuable opportunities to grow your portfolio with strong potential for long-term gains. 📈 Seeking out multifamily properties with poor administration can be a smart investment strategy offering the chance to acquired undervalue assets and transform them into high performance investments. If you're looking to invest in multifamily properties, let’s connect! 🔑 #RealEstateInvesting #MultifamilyProperties #MiamiInvestments #SouthFloridaRealEstate #InvestmentOpportunities

𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭 𝐟𝐨𝐫 𝐀𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭 𝐎𝐰𝐧𝐞𝐫𝐬 Renters today are demanding more from their living experience. According to the RealPage, Inc. 2024 National Multifamily Renter Study, 97% of apartment residents would be more likely to renew their leases if they had access to enhanced offerings like seamless digital apps, loyalty programs, and moving assistance. 𝐖𝐡𝐚𝐭 𝐑𝐞𝐧𝐭𝐞𝐫𝐬 𝐖𝐚𝐧𝐭: ☑️ 𝐄𝐚𝐬𝐲 𝐈𝐧𝐭𝐞𝐫𝐚𝐜𝐭𝐢𝐨𝐧: Nearly all respondents said they’d choose or renew a lease if dealing with property management was as easy as using Amazon. ☑️ 𝐒𝐭𝐫𝐞𝐬𝐬-𝐅𝐫𝐞𝐞 𝐌𝐨𝐯𝐢𝐧𝐠: 97% of renters are more likely to choose apartments offering moving assistance services. ☑️ 𝐋𝐨𝐲𝐚𝐥𝐭𝐲 𝐑𝐞𝐰𝐚𝐫𝐝𝐬: While 96% of renters belong to at least one loyalty program, only 16% participate in apartment rewards programs. Yet, 98% believe they should be rewarded for on-time rent payments. To stay competitive, consider integrating these features into your properties. Renters are looking for a modern, integrated experience that makes their lives easier and rewards them for loyalty. #apartmentowner #multifamilyowner #propertyowner #apartmentgoals #apartmentowners #multifamilyliving #propertymanagement

How do you boost your multifamily property's Net Operating Income (NOI) to maximize returns? Here are six strategies to achieve this: 1️⃣ Operational Efficiency: Streamline property operations to minimize expenses and maximize revenue. Implement cost-effective maintenance practices, optimize property management processes, and negotiate favorable vendor contracts. 2️⃣ Rental Revenue Optimization: Increase rental revenue through strategic rent increases, tenant retention initiatives, and effective leasing strategies. Conduct market research to set competitive rental rates and identify opportunities to capture additional income through amenities or value-added services. 3️⃣ Expense Management: Control operating expenses by monitoring utility usage, implementing energy-efficient measures, and negotiating lower property taxes and insurance premiums. Regularly review expenses and look for ways to reduce overhead costs without sacrificing property quality. 4️⃣ Value-Add Initiatives: By implementing value-add strategies such as property renovations, upgrades, and amenities enhancements, you can attract higher-paying tenants and increase property value. These improvements have been successful in generating a positive return on investment and enhancing the property's overall appeal, leading to increased NOI and long-term investment success. 5️⃣ Ancillary Income Streams: Explore additional sources of income, such as parking fees, laundry facilities, storage rentals, and pet rent. Diversifying income streams can supplement rental revenue and boost NOI without significantly impacting tenants. 6️⃣ Tenant Satisfaction: Prioritize tenant satisfaction to reduce turnover and vacancy rates. Provide exceptional customer service, address maintenance issues promptly, and foster a sense of community through social events and amenities that enhance the tenant experience. By implementing these strategies, multifamily investors can maximize NOI, enhance property value, and achieve long-term investment success. At CalTex, we specialize in optimizing NOI for our multifamily properties, delivering consistent returns and value appreciation for our investors. Ready to unlock the full potential of your multifamily investments? Join our investor network or schedule a call to discuss how we can help you achieve your financial goals using the links in the comment section.

Redefining Multifamily Real Estate: Building Economies of Value Through Integrated Solutions. The multifamily real estate sector is experiencing a technological influx. Lets breakdown common pitfalls in tech and venture initiatives. High Customer Acquisition Costs: Excessive spending on marketing and sales efforts without achieving scalable growth. Low Switching Costs: Products that are easily replaceable, resulting in high customer churn rates. These pitfalls often result in startups that struggle to achieve venture-scale returns. At Behring, we believe that scaling up operations isn’t enough. Instead, we focus on creating economies of value—addressing core needs and adjacent verticals to deliver integrated solutions that provide superior value to all stakeholders. Our approach fosters a network where each component reinforces others: Residents benefit from seamless services that improve their quality of life. Property Owners enjoy increased operational efficiency and resident satisfaction. Investors see enhanced returns due to diversified value streams and reduced risks. Central to our integrated ecosystem is the Stak App. A platform designed not only to solve small problems but also to unlock additional value for residents and property owners. Solving Practical Problems with Package Management. Package deliveries are a daily reality for multifamily properties leading to: Time Consumption: Staff spend significant time managing deliveries. Operational Costs: Increased labor costs due to inefficient processes. The Stak App streamlines package management by providing: Automated Notifications: Residents receive instant alerts when packages arrive. Efficient Retrieval Systems: Integration with smart lockers or concierge services for easy pick-up. Space Optimization: Better management of storage areas to handle package volume. Beyond solving logistical issues, the Stak App transforms package interactions into valuable touch points: In-App Communication: Each package notification is an opportunity to engage residents with announcements or promotions. Personalized Content: Tailored messages based on resident preferences enhance the user experience. Community Building: Encouraging participation in events or services increases resident involvement. Previously, these engagement opportunities were neglected by property owners. The Stak App turns routine interactions into a powerful communication channel. An Invitation to Forward-Thinking Investors and Partners: Let’s collaborate to create lasting value and redefine industry standards. Contact us to explore investment and partnership opportunities with Behring.

Lease renewal strategies are crucial for multifamily property owners and managers looking to maintain occupancy and maximize revenue in today's competitive rental market. With economic uncertainties and increased competition, focusing on retaining existing tenants through strategic lease renewals has become more important than ever. Below are 9 strategies to help with optimizing your renewal strategies and building lasting relationships with your residents: 1.    Assess moving costs.  2.    The renewal effort starts on Day 1.  3.    Leverage service teams.  4.    Gauge satisfaction through surveys.  5.    Incentivize survey participation.  6.    Time is of the essence.  7.    Keep lease renewal options simple.  8.    Be strategic in discounting.  9.    Don't forget the other deal sweeteners. If you want to dig deeper into these take a look at this article... https://lnkd.in/e64HAtwU #Renewals #DataDriven #LeaseMax #Wilson #Beekin

Ready to Cut your property management costs by 70 percent while growing your rent collection to up to 95 percent? Create a free account by downloading our App here: https://lnkd.in/dicsUvmf or TEXT START to 24295 #propertymanagement #renting #realestateinvestor #rentalproperty #tenantcare #RentCollection #property