Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
Multifamily Housing Can't Escape Fraud
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The rental housing industry must be prepared for fraud. According to a multifamily fraud report from TransUnion, 60% of property managers surveyed were victims of fraud within the past two years. And, one-third of communities didn't identify the scam until after move-in. A third also only uses…
Super-Commuting Increases in 2022
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Car dependency has increased in the U.S. According to Apartment List, there were 593,000 super-commuters added to the workforce in 2022, citing Census Bureau data. Those people traveling at least 90 minutes each way to and from work is now at 3.7 million. However, the increase can't be viewed in a…
Apartmentalize 2024 in the Books
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Thousands of rental housing professionals are back in their offices, leasing centers or homes after a week of fun, excitement, education and networking. Relive Apartmentalize 2024 in Philadelphia through photos and daily highlights, and keep a lookout for the Best of Apartmentalize 2024.
Attendees…
Marketing Channels Making Digital Waves
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Finding the best channels to stir up interest from prospects and capture qualified leads is always one of the most important goals for multifamily marketing teams. In 2024, this quest has gained greater importance as many marketers must obtain the same results with stagnant or shrinking budgets and…
Residents for Longer
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Apartment residents are staying in their homes longer than before. According to Redfin, in 2022, one in six renters stayed in their home for at least 10 years. One in six residents are also in their apartments from five to nine years, while just over two-fifths of renters are in their homes from…
U.S. Apartment Size Increasing
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Apartments in the U.S. are, on average, 27 square feet bigger. According to RentCafe, the average size of an apartment unit was 916 square feet in 2023. The size is more in line with the average seen just prior and during the pandemic minus 2022, which saw average unit size at 889 square feet.…
Stay Prepared for Natural Disasters
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The National Oceanic and Atmospheric Administration (NOAA) forecasts a higher-than-typical hurricane season in the Atlantic basin this year. NOAA expects up to 25 named storms with winds of at least 39 miles per hour in 2024 with as many as 13 becoming hurricanes with winds of at least 74 miles per…
NAA Supports Mental Health Awareness Month
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The National Apartment Association (NAA) investigated engaging topics affecting the entirety of the rental housing industry during May’s Mental Health Awareness Month. In today’s environment, examining tools to help with stress and burnout is necessary. In “Tipping Point: Stress, Burnout and…
Pretium, BH Management Acquisition Complete
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BH Management Services is now under the umbrella of Pretium. The announcement of the completed transaction was made on May 1.
"By joining forces with the Pretium team, BH will be able to further invest in our proprietary technology platforms, advancing our revenue management and data…
Invitation Homes Adds to SFR Portfolio
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Invitation Homes is joining the single-family rental joint venture Upward America. The initiative with Quarterra Group, a subsidiary of Lennar Corporation, Centerbridge Partners, and others add 4,400 new homes under management for Invitation Homes.
"The shared build-to-rent vision between Lennar…