Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
EI, AI, OHHH! Leveraging Emotional and Artificial Intelligence
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The capabilities of artificial intelligence (AI) are spellbinding. Essentially, if it can be imagined, it will probably happen at some point—and then some.
But while AI can simulate human intelligence to some degree, it ultimately is not human. That’s why AI is strongest when blended…
AKAM Expands With Florida Management Acquisition
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AKAM, a New York- and Florida-based property management firm, has closed the transaction to acquire Property Management Resources (PMR).
"For over 40 years, we have been a long-standing leader in property management, delivering exceptional service and tremendous value to our clients," said…
More Young Adults Living With Parents
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There are more young adults aged 25-35 living with their parents than any time in the past eight decades. According to Apartment List, 17% live with their parents as of 2022, compared to under 10% in the 1960s-80s and also 17% in 1940.
The share of adults living with their parents decreases as a…
Streamlining the Leasing Process with AI and Modern Technology
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The pandemic gave operators a nudge to embrace cutting-edge technology solutions like never before, and experts say the sector now has entered an era in which artificial intelligence (AI) can offer major advancements in leasing-process efficiencies and the customer experience.
That…
Second Act Leasing Success
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It’s no secret that the past few years have seen a wave of new apartment communities open. To better compete with these ultra-modern properties—and because the cost of new development continues to climb—many owners and operators are redeveloping existing communities.
Panelists in the "Second…
South Leads Way in Top Metros for Renters
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Nearly 80% of the best cities for renters are in the Southern United States. A new report from RentCafe reviews 20 metrics segmented into three categories—cost of living and housing; local economy; and quality of life—to determine the best places for renters to live. Of the top 50 cities, 38 were…
Democratizing Centralization for Large and Small Firms
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The term centralization has become one of the hottest buzzwords over the past few years. But what does it really mean, and why is it important to successful operations? Expert panelists took the stage for the Apartmentalize 2024 session, “Democratizing Centralization for Large and Small Firms,” to…
Discover Hidden Treasures in Unit Amenities
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Not too long ago, in the aftermath of the pandemic, the apartment industry was enjoying a period of robust and even historic rent growth. But growth has slowed considerably over the past two years, leaving owners and operators looking for any and all ways to bolster their revenue streams and net…
Beware of Fake Pay Stubs
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Fake pay stubs are the epitome of fraud in the rental application process. They are a fraudster’s best friend and an apartment manager's worst nightmare. Bad actors using fraudulent documents pose a financial, legal and potential safety risk to communities. Moreover, advanced technology has made it…
Pratum Companies Created Through Acquisitions
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Pratum Companies has formed following the acquisitions of several real estate firms. The Gaithersburg, Md.-based company launched July 16 after Full Circle Real Estate Partners acquired Edgewood Management Corporation in August 2023 to form FCRE Compliance and Leasing. Presidential Service…