Industry Insider
A weekly newsletter of noteworthy articles pertaining to our industry.
Envolve Donates Backpacks, School Supplies in Oklahoma
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Affordable owner, manager and investment firm Envolve held a back-to-school backpack drive north of Tulsa, Okla. Brookhaven Plaza Apartments in Bartlesville was home to the event where more than 100 backpacks with school supplies were donated to children in the community.
"The event was such a…
Build More Housing Near Transit Act Reintroduced
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On November 2, 2023, U.S. Senators Brian Schatz (D-Hawai‘i) and Mike Braun (R-Ind.) and Representatives Scott Peters (D-Calif.-50) and Cathy McMorris Rodgers (R-Wash.-5) reintroduced the Build More Housing Near Transit Act, bipartisan and bicameral legislation that seeks “to address America’s…
Can Big Data Protect Against Loss?
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Shifting rental market conditions and rising inflation prompted operators to re-evaluate the definition of property performance and shift their focus to risk mitigation and bad debt management.
During an Apartmentalize 2023 session, industry leaders discussed solutions to power property…
Conquering Today’s Top Talent & Supply Chain Shortages
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The pandemic and “Great Resignation” created many challenges for the rental housing industry, notably supply chain and labor shortages.
Despite historic imbalances and turbocharged competition, some apartment operators have demonstrated creativity and resilience to meet the needs of…
Rents Ease for Third Consecutive Month
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Rent growth continues to slow as the colder, crisp fall weather rolls through most of the country. According to the November 2023 Apartment List National Rent Report, national median rent growth slipped 0.7%, which is the third consecutive month of declines. Rent now stands at $1,354.
Year-over-…
White House Announces Executive Order on Artificial Intelligence
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On October 30, 2023, President Biden signed a wide-ranging executive order seeking to increase regulation of artificial intelligence (AI) across industries nationwide. The President’s move broadly hopes to “ensure that America leads the way in seizing the promise and managing the risks of” AI…
Breaking the Code
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Designed for energy efficiency and to reduce environmental impact, ASHRAE refrigerant codes 34 and 15 were recently revised to meet governmental regulation and achieve improved performance. This impacts manufacturers, retailers and property managers, who must stay current with new air conditioning…
Rental Unit Completions Jump Over Past 5 Years
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More than a million new apartments have come online since 2018. New data from RentCafe shows 1.2 million rental units in the U.S. were completed between 2018 and 2022.
The Dallas metro is home to eight of the top 50 zip codes with the most completions, while Austin was home to five of the top 50.…
Catch Me If You Can... And I Bet You Can’t!
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It would be much simpler if fraud fell into a singular bucket. For instance, if fake paystubs were the only nefarious items property teams regularly encountered, things would be much easier to manage.
Unfortunately, multifamily associates also grapple with altered social security cards,…
Cutting Tasks Not People: The Game of Success and Engagement
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Few things are less gratifying in the workplace than slogging through repetitive daily tasks. They have a soul-crushing quality and do little to promote employee wellness.
In a fast-paced multifamily industry where recruiting and retaining high-performing associates is critical, finding…