Having proper safety measures in place for your residents and properties is a critical component of not only preventing injury but also attracting and retaining great residents. There’s an increasing number of demands that must be met in the health and safety realm, giving multifamily housing owners and operators a heightened awareness in anticipating and solving community issues.
The sun is shining, the weather is heating up, and in the world of multifamily housing, pool season is officially underway. Your residents are counting on you to keep the community pool well maintained for the summer and implement all of the necessary safety and operational protocols.
Are you aware of what the 3G decommission would mean for your communities? The current transition to 5G goes beyond cell phones and mobile devices. As cellular companies remove 3G networks to make room for the new 5G, your property’s fire, safety, or security systems running on 3G will become inoperable as their connected network is no longer in service. Read more about this change on the FCC website.
Though the multifamily housing industry has seen a decline in resident turnover, turns are still inevitable. The process is being restructured as your industry continues to evolve. As multifamily housing communities are impacted by market volatility and other national trends, agroup purchasing organization (GPO)takes care of monitoring the market and works to mitigate risks for your property portfolio. Multifamily housing owners and operators can tap into the subject matter expertise of the GPO and its industry-leading supplier solutions to help streamline procurement processes while navigating the pre-notice to vacate and turnkey procedures.
How do you project future rent trends with the pandemic’s anomaly influence on the multifamily industry? Can you properly budget for your future turn expenses and maintenance costs associated with turnover without a clear picture or access to the soon vacant unit? Delinquencies nationwide are higher than typical and recapturing funds is important, but other conversations will support future planning efforts if navigated with intent.