Summer of blackouts
Two-thirds of North America could face power shortages this summer during periods of extreme electricity demand and spiking temperatures, the nation’s grid reliability monitor warned in May. The North American Electric Reliability Corp. (NERC) found...
Marketing must haves
As a property management company (PMC) it’s essential to ensure you’re making the most of your localized marketing efforts. PMCs face the challenge of marketing for the corporate entity while also finding ways to...
19 big errors to avoid in social media management
When companies decide it’s time to up their social media game, they have to figure out a way to manage the work that entails. Some businesses lean on their marketing team or interns to handle...
How electric cars might affect multifamily and other real estate
Most major automakers have followed Tesla’s lead into the world of electric vehicles, probably with more to come. California has banned internal combustion engines, effective in 2035. Assuming these trends continue, they will ripple into...
Why multifamily property management needs a Tesla—not another Ford
Have you noticed how some industries or business categories seem to attract innovation like a magnet? Take the auto industry, where Elon Musk’s Tesla is the most widely known brand among dozens of automakers trying...
How multifamily is adopting consumer retail techniques
In 2022, the U.S. inflation rate rose to 8.5 percent—the highest the country had seen since 1982. With rising inflation comes an increase in the cost of living, so it’s no surprise that consumers...
Finnish modular housing manufacturer moving to U.S.
The company plans to mass produce housing using heavily automated factories. Admares, which was founded in Finland, said it’s in the process of moving its headquarters to the U.S. The company said its factory in...
Marijuana use among U.S. workers jumps to historic high
American workers using marijuana on the job rose to a historic high last year, according to a new study. Diagnostic information service Quest Diagnostics released a report in May analyzing over 6 million employee urine...
BFR hits record
The construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals. The number of newly built single-family homes being sold to investors to rent, or also...
Household formation and the quest for space
New research suggests one driving factor for the rise in new household formation: People got sick of living with each other. Unsurprisingly, when people are forced to convert their homes into home-office-gym-bars, they feel a...
Banks face risk from CRE loan exposure
Banks have seen a lot of concerns over the last few months by depositors, investors and regulators. Multiple institutions were shuttered when it became clear that rising interest rates undermined the value of their...
An idea so bad it was bound to return: public housing
One of the biggest frustrations about getting old is hearing younger people propose ideas that were debunked decades ago—and then getting “eyes glazed over” looks from them after explaining that we’ve already been there...
Finding value in AI
Over the course of 2022 and early 2023, tech innovators unleashed generative AI en masse, dazzling business leaders, investors, and society at large with the technology’s ability to create entirely new and seemingly human-made...
Puss in Boots: The Last Wish reveals key to human happiness
The Roman Emperor Marcus Aurelius once offered a bit of stoic wisdom about the importance of being grateful for the things we have. “Treat what you don’t have as nonexistent,” Aurelius wrote in “Meditations.” “Look...
Vacant apartments come from bad policy, not a conspiracy
On Halloween, 2022, some elected officials held a performative press conference to talk about “Zombie Apartments.” They claim property owners are engaging in a mass conspiracy to keep rent-stabilized apartments vacant in an attempt...
