Matthew Kilmurry’s Post

What do apartment residents want? There are two key issues that received an overwhelming majority: safety improvements and flexible payment options. 1) Residents don’t feel safe. According to the Deep Sentinel "Multifamily Security Concerns in 2024" survey, nearly 75% of renters believe that management should be doing more to improve property safety. Inflation has a direct effect on crime rates. Property management companies can make their properties stand out by properly addressing security concerns—through upgraded lighting, surveillance, and better package management. 2) Resident want flexible payment options. This one is surprising and seems like a low-hanging fruit option that can foster renter retention. The Flex “Revolutionizing the Resident Experience in the Digital Age” survey found that 85% of residents with the option to split their payments across the month report higher satisfaction. Read more here: https://hubs.li/Q030P8fS0

Good News for Landlords & Prospective Landlords:Take advantage of the current market conditions. Let us help you navigate property management stress-free! The general availability of homes for rent remains a major challenge for renters. With the average agent still managing a third fewer rental homes than the pre-pandemic average, the rental market is tighter than ever. As rents continue to rise, particularly in accessible suburbs, larger cities, and value-for-money areas, this presents a golden opportunity for landlords.

Good News for Landlords & Prospective Landlords:Take advantage of the current market conditions. Let us help you navigate property management stress-free! The general availability of homes for rent remains a major challenge for renters. With the average agent still managing a third fewer rental homes than the pre-pandemic average, the rental market is tighter than ever. As rents continue to rise, particularly in accessible suburbs, larger cities, and value-for-money areas, this presents a golden opportunity for landlords.

This article could have been written for years but the situation is much worse than it has been for the tenants https://lnkd.in/eDhcm-PX

Data from Yardi reveals an interesting and nuanced relationship between rental growth and market saturation. Economic indicators suggest a modest downturn and potential consumer stress, employment remains resilient, in both skilled and unskilled labor, as well as healthcare. Yardi anticipates stronger rental growth in the coming years, signaling optimism for a post-downturn rebound. Will a rebound in oversupplied areas happen as excess units are absorbed. #RealEstate #MarketTrends #Yardi #RentalGrowth #EconomicOutlook #EmploymentResilience

Ways to Raise Rent While Respecting Your Residents Raising rental rates is a common practice in the real estate industry, but it can be approached with empathy and respect for residents. Here's how to raise rent thoughtfully and maintain positive landlord-tenant relationships: 1. Give residents plenty of notice: In today's tight budget scenarios, many households spend over 40% of their income on housing. Investors must be strategic by providing residents with ample notice before increasing rent. 2. Make it evidence-based, not arbitrary: Have a clear justification for the price hike. Align rent with market rates, account for increased costs, or offer improved amenities to justify the increase. 3. Leave room for negotiation: Respect esidents by offering options like signing a longer lease for a gradual increase. Consider the value of guaranteed occupancy versus finding new tenants. 4. Make it a conversation, not a demand: Communication is key. Engage with residents openly, listen to their concerns, and acknowledge the significance of their home beyond just a property. Conclusion Ultimately, raising rent shouldn't be feared as it may be necessary to align with market trends. How you approach it will significantly impact residents' reactions and the overall relationship dynamics. Hope the post is helpful, Feel free to share your thought in the comments below to help future readers! Do not forget to like and share post. Follow Antonio Harrison, 918Homebuyer Ltd on LinkedIn and check out for cont... of the post. #RealEstate #ScamPrevention #FraudAwareness #PropertyManagement #RealEstateInvesting #RentalMarket 

Important trends to keep in mind.

Today, residents have high expectations for their apartment communities, and prospective renters are becoming more discerning in their wants and needs. Paying attention to the trends centered around people, technology, and safety can help every property—and property owner and developer—remain competitive in the current market. Find out more: https://co.jll/4ek3sPF #Multifamily #PropertyManagement

📉 Rent-to-income ratios for market rate apartments have dipped below 23% nationwide, reaching 22.7% as of June. 📊 Key Midwest markets like Detroit and Chicago attract renters with some of the lowest ratios, while California's Riverside and San Diego lead with the highest. #RealEstateTrends #RentToIncome #MarketInsights

It’s no secret that the rental market across Australia has been tough, but here’s what might surprise you: while rents are finally easing in some regions, the Gold Coast market tells a different story. With population migration from New South Wales and Victoria continuing at pace, and new infrastructure catering to this demand, “off the plan” apartment projects are becoming a critical solution for both investors and future homeowners. But here’s the catch—understanding this shifting landscape is vital before jumping in. In my 30-Minute Special Video Report, I’ll expose the 3 biggest mistakes buyers make and show you how to avoid them. It’s information that could save you thousands—and ensure your purchase is a success. Don’t take chances. Get the facts before you commit. Watch the report now!: https://lnkd.in/gSKdhFmt