The demand for property technology is at an all-time high, driven by its ability to lower operating costs and increase efficiency and convenience to delight residents and staff alike! In fact, the proptech market is set to skyrocket from a valuation of $19.6 billion in 2023 to $47.8 billion by 2033. As property owners and developers […]
Eighty-nine percent of renters cite high-speed internet access as one of the most important amenities they look for, with it ranking higher than garbage disposals, dishwashers, microwaves, and walk-in closets. In response to this growing demand, bulk internet deployment has become a strategic solution for property owners seeking to address the need for reliable Wi-Fi connectivity […]
Nestled in the heart of North Macon, Georgia, Bowman Station spans 60 acres and offers residents a luxurious blend of modern living amidst natural beauty. With 240 units, the property boasts a plethora of amenities, including a saltwater pool, community grilling areas, and upscale living spaces. Yet, like many other properties, Bowman Station was interested in leveraging […]
Earlier this week, the Federal Communications Commission announced a new proposal that could impact existing telecommunication contracts. The FCC has proposed similar changes in the past, but such proposals resulted in immaterial changes in the law. These proposed changes come at a time of current perceived market conditions, including heightened sensitivity nationwide to inflation, rent costs, […]
Bulk internet is becoming a hot commodity for property managers. According to research from Parks Associates, 57 percent of property managers and owners for multidwelling units already have bulk internet services in at least one of their properties. Among those property owners who do not yet offer bulk internet, nearly nine out of 10 plan to do […]
The global property technology (proptech) market, valued at $26.8 billion in 2022, is projected to catapult to $119.9 billion by 2032. Part of this growth is reflected in shifts in the multifamily housing industry, which include changing resident needs, the influence of recent global events, and innovations in technology. As property owners strive to meet the evolving […]
Multifamily property ownership and management require exceptional resident experiences to attract and retain tenants. In today’s competitive market, it’s not enough to simply provide a decent place to live—residents expect to feel comfortable, valued, safe, and truly at home at your property. However, when you can provide these amazing tech experiences, it’s not just beneficial […]
Multifamily property owners are caught in a tidal wave: Not only are expense costs rising, but rent growth is decelerating, making it challenging to drive revenue and keep residents happy. According to Yardi Matrix, multifamily costs have risen in almost every key category—from insurance and payroll to total operating expenses and administrative tasks—with insurance making the […]
