Posted on 26. Feb, 2015 by Vanessa Naranjo.
Recent reports indicate a stark rise in rental households as compared to homeownership. Why? The renter demographic currently consists of millennials that are delaying homeownership due to affordability issues, or who are even reconsidering homeownership altogether. Axiometrics recently posted an article that details the rise in apartment living and explains why so many are opting […]
Posted on 19. Feb, 2015 by Vanessa Naranjo.
Millennials are hitting the rental market at a record breaking force, are you ready? Understanding what new renters seek while simultaineously maintaining current residents’ interest is necessary in order to gain a competitive edge. Trulia Pro Blog recently posted an article discussing 3 hot tech amenities that are sure to be a hit with prospects and residents […]
Posted on 05. Feb, 2015 by Vanessa Naranjo.
A high percentage of millennials are opting to rent than buy a home, a costly decision that equals bad news for the real estate industry. In a recent Market Watch post, it was revealed that “Nearly six in 10 millennials (59%) say they’d rather rent a home than buy one, with just one in four saying they […]
Posted on 29. Jan, 2015 by Vanessa Naranjo.
Today’s renters care more about amenities than unit size. In this article from GlobeSt.com a panel of experts weigh in on target demographics, offering different perspectives on meeting their residents’ needs. Click below to read more about the shift in apartment renters and its affects on the rental industry. Read the full article here
Posted on 20. Jan, 2015 by Vanessa Naranjo.
While schools and neighborhoods can help attract families, having family oriented amenities can also be a deciding factor. “Developers are going after families, not just singles” by including playrooms with games and activities for children of all ages. Epoch Times posted an article discussing the amenity trend that’s taken New York by storm. Click here for the […]
Posted on 15. Jan, 2015 by Vanessa Naranjo.
Finding a pet friendly building can be a challenge when searching for a new home. HotPads shed some insight on pet-friendly metro areas in a recent post, their stats include: Most expensive zip codes Pet premiums An interactive map showing the highest percentage of pet-friendly rental listings And more… Click below to find out what metro areas […]
Posted on 13. Jan, 2015 by Vanessa Naranjo.
What’s your retention strategy? With new units sprouting and rent constantly increasing, retaining residents poses a new challenge. In this MultiFalimly Executive post, some top operators discuss their retention strategies. Click here to view
Posted on 30. Dec, 2014 by Vanessa Naranjo.
With the effects of the Great Recession on the U.S. housing market still being felt, the demand for rental-housing is higher than it has been in years. Households with healthy incomes are disillusioned by what they’ve witnessed and are holding back on buying a home . Bloomberg recently posted an article discussing the rental-housing shortage and […]
Posted on 23. Dec, 2014 by Vanessa Naranjo.
Preceding winter break, students are usually preoccupied with studying for finals and making plans with friends and family, leaving little room for apartment safety precautions. To help with apartment safety, MultiFamily Executive shared this piece with helpful suggestions on what to include on your winter break to-do list to “ensure safe, secure, and well maintained student housing […]
Posted on 11. Dec, 2014 by Vanessa Naranjo.
Are you prepared for the upcoming year? Recent studies suggest that multifamily demand will remain high in 2015, despite “high demand, some markets reflect a possible concern of oversupply, with vacancy rates forecast to reach upwards of 7 percent.” Multifamily Executive recently posted an article that shows what to expect in the rental market. Click here for […]
Posted on 02. Dec, 2014 by Vanessa Naranjo.
Have you winterized your property? Last year’s winter season came as a shock to many proving that “even the typically warmer climes aren’t immune to snow and ice.” To help you prepare for the winter months, Multifamily Executive recently posted an article offering tips for property winterization. Click here for the full article
Posted on 18. Nov, 2014 by Vanessa Naranjo.
A few years ago, staying ahead of the student housing game meant providing in-unit amenities – granite countertops and gourmet kitchen appliances – but in recent years, there has been a shift. Students now prefer “robust communal areas” that support their mobile lifestyles. MultiFamily Executive recently posted an article discussing the top tech-based amenities and resident expectations. Click […]
Posted on 13. Nov, 2014 by Vanessa Naranjo.
Are you privy to the art of marketing to Millennials? A recent article from MultiFamily Executive says that “The key to attracting students and young professionals as renters is to do so on their terms.” Pairing trends with the right content and tone are crucial to the success of marketing to Generation Y. Read the […]
Posted on 06. Nov, 2014 by Vanessa Naranjo.
Multi Family Executive recently shared an article discussing the commonalities between the hospitality and apartment industries and how Property owners and managers can gain knowledge from hospitality tactics. Looking outside of the multifamily industry can offer fresh perspectives on how to approach different aspects of your business. Read the full article here
Posted on 30. Oct, 2014 by Vanessa Naranjo.
The economic shock, better known as The Great Recession, has created a demand that’s here to stay. Millennials witnessed the masses get hurt by home ownership and are now opting to rent. The New York Times recently posted an article discussing this demand increase. Read the full article here
Posted on 21. Oct, 2014 by Vanessa Naranjo.
Designing a crowd pleasing space is not as difficult a task as many would think. Despite the age gap between Baby Boomers and Millennials, you will find that they share common interests. Lindsay Machak, Associate Editor for Multifamily Executive, posted an article that offers insight on how to create spaces that cross generational lines. See the full […]
Posted on 29. Jul, 2014 by Alexis Hammond.
Big news this week from Zillow and Trulia! Zillow will be acquiring Trulia to become the largest online real estate advertising company. Zillow and Trulia have, “virtually identical business models,” which makes the merge between the two companies make sense. In this article, Bloomberg dives even deeper into the $3.5 Billion deal. Read the full […]
Posted on 22. Jul, 2014 by Alexis Hammond.
Many young renters across the United States have decided to forego larger apartments for a better location or amenities. “They’re sacrificing living space for a prime urban location and extras such as cooking classes, dog-wash stations and poolside Wi-Fi.” Bloomberg recently posted an article exploring and discussing what young professionals are looking for when deciding […]
Posted on 14. Jul, 2014 by Alexis Hammond.
Although the housing market has been in a slump during recent years, a recent surge shows that the real estate market is starting to fight back. The gain in the month of May is the fastest we have seen since 2011. The article posted by NBC News tells us exactly how the market has seen […]
Posted on 11. Jul, 2014 by Alexis Hammond.
Baby Boomers and Millennials make up the two of the largest groups of renters in the United States. Trying to satisfy both groups at the same time offers owners and managers many options. Baby Boomers tend to be long term renters, while Millennials are more likely to move around, so trying to satisfy both comes […]
Posted on 08. Jul, 2014 by Alexis Hammond.
In the month of May, rent across the country increased. For example, in Texas, there was a direct correlation between higher rent to growth in the gas and oil industry. In this article posted by Multifamily Executive the top 10 Metro cities with the highest growth were released. See the full article here.
Posted on 07. Jul, 2014 by Alexis Hammond.
This week The Wall Street Journal released an article sharing the strength of the multifamily market. Two separate purchases lead many investors to believe that this is a sign of constant and long lasting growth for the multifamily market. Check out the full article here to learn more.
Posted on 30. Jun, 2014 by Alexis Hammond.
Many people across the U.S. compare home prices from city to city. One way in particular to do this is to compare home prices with income in each city. NPR posted an article recently discussing the effects geography and zoning have on housing prices. See the full article fron NPR here.
Posted on 24. Jun, 2014 by Alexis Hammond.
A recent data release from Axiometrics reveals some promising numbers for apartment occupancy rates. As of May, national apartment occupancy had reached 95%, Axiometrics said Thursday. Read the full article from GlobeSt.com