Proptech, the array of technological tools utilized by property owners for property management, is expanding across various industries—but it’s in the multifamily sector where its adoption is accelerating the most rapidly. For property owners and managers, the advantages are apparent—not only for themselves but also for their residents. Residents can now enjoy the convenience of…
As a multifamily property manager and owner of an A or B-class asset, you’re acutely aware of the challenges of balancing costs and residents’ expectations. For example, with the cost of turnover averaging just under $4000, you’re laser-focused on shortening the process and collecting rent for as many days as possible. But if you have…
Installed in over 10,000 multifamily, commercial, gated communities, and student housing properties, ButterflyMX is a leading access control provider. Now, ButterflyMX integrates with RemoteLock to provide seamless property-wide property access for residents and staff. But aside from the prevalence of ButterflyMX installations at properties, why are more and more property managers and owners opting to…
Today, more than ever, we’re seeing technology become exponentially stronger and smarter with its ability to automate business processes left and right. While that’s amazing on the productivity front, it also leaves many to worry if technology will make some jobs obsolete. Sure, proptech can automate many repetitive tasks and often do them quicker and…
The Best Strategy to Decrease Multifamily Operating Expenses In connecting with many of my colleagues in multifamily, it’s clear that 2024 has been a year of market uncertainty. Rising interest rates have driven up borrowing costs for multifamily operators. High inflation has bumped up multifamily operating expenses, including maintenance, utilities, property taxes and insurance. Even…
Just like most businesses, there will always be calls in property management to be more efficient and productive. But with the advancement of proptech in recent years, you can meet the demands to do more by focusing on less. The recent RemoteLock + AppFolio integration is a prime example. Let’s look at the hectic and…
