One interesting trend in rental demographics over the last few years has been profiled in several articles and we came across one in RentCafé recently. The new face of renters, especially in trendy, upscale urban areas, is actually…older faces – specifically those over 55 who are highly-educated and have the financial wherewithal to live wherever[...]
With the mercury rising and spring just around the corner, there are a few steps for those in the multifamily industry to get their properties in shape for the warmer weather ahead! BAM put together some tips for property managers to implement once the long winter is finally in the rear-view mirror. By being proactive[...]
If the multifamily industry had a motto, it might be “the only constant is change.” This year there are some changes ahead that industry players should heed, according to a new piece in Forbes online. From rental changes to emerging tech, the real estate pros who are dialed in with what is likely to shift[...]
In one of our recent blog articles, (LINK) we wrote about markets that multifamily developers might head to this year, as well as the amount of increased inventory that those markets are demanding. One problem that might stand in the way of progress: rising construction costs for the industry. According to information we found on[...]
Tech-savvy multifamily property owners know that in order to appeal to a broad variety of potential residents, they must embrace technology innovations that will benefit both tenant and landlord alike. Looking at articles in both National Real Estate Investor (NREI) and Real Estate Tech News, we spotted some tech trends that could be a good[...]
Multifamily developers aren’t finding it easy to plan their next development site, according to a recent feature article on National Real Estate Invetstor (NREI) online. According to the article, which quotes an economist at RealPage Inc, part of the issue derives from the longevity of the cycle itself. Finding good development deals that are financially[...]
Sullivan, Indiana will soon be home to a new affordable housing development for seniors. Historic Sullivan Lofts may also become a model for other similar projects, as they will offer free social services to residents. The project landed in the online pages of Business Wire and even appeared in the Midwest section of MultiHousing News.[...]
If you’ve wondered when you should raise rent at your property/properties, or by how much, we looked into the state of tenant wages and rental rate opportunity across property classes. Using the info we first found in an article by the Indiana Real Estate Journal we offer insight into which property class is the best[...]
The National Multifamily Housing Council conference was held this month in Florida. BAM scouted a recap in the National Real Estate Investor (NREI) online to see what the lessons were from this annual industry gathering. Overall, according to NREI, the mood was positive – yet somewhat offset by the reality of factors like interest rate[...]
High occupancy is the name of the game in the multifamily rental industry and it doesn’t happen by accident. Your property management team can take ownership of both gaining and retaining tenants by following some sound strategies that we outline for you below. Your best rental property experience begins with having a solid property management[...]