Founder @ DUAL workshop | Licensed Architect offering benefits to multifamily developers in the DFW area to maximize value.
Upgrading PropTech in your multifamily projects is a must. In this MEF article, author Sandy Jack emphasizes the importance of upgrading prop-tech in existing multifamily properties. Her top reasons for these upgrades are as follows: ⬇ 🔹 It can help optimize operational efficiencies, reduce costs, and improve the user experience for property managers and residents. 🔹 It can solve problems such as reducing fraud and bringing in alternative data. 🔹 It can lead to higher rents, as more than half of residents say they'd pay up to 10% more for properties with advanced technology, and nearly 3 in 10 would pay an 11% premium or more. The article concludes that prop-tech upgrades should be a top priority for multifamily properties to stay competitive in today's market. Read the full article here: https://lnkd.in/g8iSwtm8 #multifamily #realestate #architecturalinnovation
