Smart machines
A form of artificial intelligence (AI) has been utilized in the multifamily industry since the first revenue management software programs were created 18 years ago to set rents.
In that first phase of what also...
Converting to a paperless rental office is not an option
Multifamily remains the most fragmented industry in the United States. That is, there is no REIT, private company, nor entity that has devised a single unifying operational model that works universally for every property,...
Another great moment in history: NAHB Multifamily Pillar’s awards
It doesn’t get bigger than this. The National Association of Home Builders, one of the largest and most influential trade associations in the country, has grown alongside the nation and its housing providers for...
The monsters are due on Maple Street
"The monsters are due on Maple Street," (1960) was a classic. I recall it every time I read divisive tales about some one or group, or ill-defined boogie man, who has singlehandedly turned out...
Message received
The digital natives are getting restless. Armed with tablets and smartphones, raised on apps and connectivity, and coddled by the rich customer experience of major online retailers, today’s apartment prospects want serious answers as...
Breathing new life
Parcels at Concourse, crowned Community of the Year by the Pillars judges, not only revitalized a long-deserted historic building in a declining area of Memphis, Tenn., but also incorporated an impressive array of uses...
Man on a multifamily mission
Considine has held a variety of leadership positions in the business and political arenas and continues to run several companies, while still devoting time to philanthropic activities.
He was drawn to the multifamily industry while...
Filling in the gaps
Apartments properties are buried in packages—and more keep coming.
Property managers still look for a reasonable solution that doesn’t cost too much. Short of hiring a human staff person to receive packages and watch them...
Resident retention issues spark new strategies
The number of people looking for an apartment this year has returned to a more normal pattern from the high rent, high occupancy days of 2022, according to RealPage Analytics.
“Demand for apartments appears to...
Turning a page in history
A couple of months ago, former NAA CEO and President Doug Culkin stepped down and Robert Pinnegar took over leadership of the organization that is focused on educating and advocating on behalf of a...
Growth strategy
Today’s tight job market, the current housing crisis and concerns about the impending softening of the multifamily market are prompting property owners to look for ways to control the cost of non-revenue producing functions.
RealPage...
Power play
The 2016 election upended Capitol Hill. Leading up to November 8, the presiding view was that Democrats stood a strong chance of taking the Senate while the House was expected to remain Republican, but...
Those things that ignite the soul
CSR initiatives encompass a company’s efforts to promote positive societal, economic or environmental change. The initiatives are self-regulated, and the scope and scale of CSR programs can vary widely.
The results, however, share common benefits....
Pillars: building community
The Galaxy Apartments, which was completed at the end of March 2012, is a key player in the revitalization of a derelict city block in an overlooked area in South Silver Spring, Md.
The 241-unit...
Money for nothing
In 1985, British rock band Dire Straits complained, “They ain’t workin’, that’s the way you do it; Money for nothing and your chicks for free.” The lyrics criticized the excesses of nouveau riche rock...
