In the multifamily housing industry, nine times out of ten, you don’t have a dedicated purchasing department like other types of organizations have. Regardless of the departmental makeup of your company, the goods and services STILL have to be purchased.Without team members dedicated to optimizingsupply chain and purchasing, you may be missing out on savings and ways to streamline the process.
As the holiday season is approaching, multifamily housing properties may see an influx of safety risks and increased traffic from resident guests. While the holidays are an exciting time for all, it is important to keep your properties safe and secure for the sake of all residents, staff, and guests.
Imagine you're sitting at your desk with a mound of work to do and then BAM-an email hits your inbox about an upcoming property inspection. What do you do first? Do you know what steps you need to take to be prepared?
Inclement weather and other natural disasters are better braved with a plan and preparation rather than spur of the moment actions. The members of your communities are counting on you to ensure their safety when tragedy strikes.
Multifamily housing owners and operators are managing millions of dollars across numerous categories and often with limited procurement resources. With a growing to-do list, the team responsible for purchasing is tasked with delivering reliable products and services on quickly and at the best possible price.
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.