The Multifamily Rental market is highly competitive and recent trends show that some renters will not even consider a community without a certain level of PropTech being offered. The latest generation of renters are tech savvy and are demanding a more convenient, tech-oriented approach to their living spaces. Two important factors to consider when planning …
The pandemic has changed the landscape of Multifamily business operations at a speed which had not been previously seen. Before the pandemic, several of the largest Owner, Developer, and Management companies were hesitant to implement PropTech at their properties due to either cost or hesitation with vendor selection. As we exit the pandemic, the trend …
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Electric Vehicles (EV’s) and Plug-in Hybrid Electric Vehicles (PHEVs) were once considered a status symbol and reserved for only the more affluent who could afford them, however, with the recent focus on slowing climate change, they are becoming a larger part of the social landscape. The Inflation Reduction Act of 2022 has provided additional incentives …
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A basic Google Search for MDU PropTech Vendors will return numerous results including several “Top 10” lists of PropTech vendors that provide company background and business strategy but only a brief overview of the solution they offer. Other sites provide lists of vendors with only a company name, logo, and contact information available. The problem …
When deciding to implement a new PropTech solution at your asset it is important to know what you are getting into before it’s too late. You may choose to hire a new person internally or a 3rd party consultant to manage this role for your organization, but this can increase the time it takes to …
One of the biggest obstacles when dealing with PropTech implementations is figuring out who you can trust. It is often difficult to determine if a vendor representative is not over-promising the abilities of a solution, or under-reporting the overall cost just to close a deal. How are you supposed to verify that the information being …
The landscape of business has been changing rapidly over the past few years with many factors effecting the way that decisions are made, and where money is spent. Lockdowns, social justice reforms, a greater focus on pay equity, and climate crisis have changed the way that everyone works, lives, and thinks about business. One acronym …
ESG’s main application has been regarding large publicly traded companies and investments, however, its trickle-down effects will be felt at every level of business. Consumers are starting to use ESG as a part of their decision-making process when deciding on what products and services they use, this includes where they live. The Environmental portion of …
Your Multifamily community needs to meet all kinds of demands to stay attractive to renters and remain profitable for you, but those demands change everyday thanks to a robust job market, new attitudes about work, and different perspectives on living. Don’t get left behind. Take the time to invest in Property Technology, (PropTech), to meet …