Tucked in Fargo, North Dakota, Brewhalla comprises more than 100,000 square feet of hotel rooms, event space, and commercial properties under one roof. With 83 different lock devices to manage, Brewhalla’s Operations Manager, Hailey Von Wald, often breathes a sigh of relief that she doesn’t have to worry about handing off, tracking down or replacing…
The turnover process, a mundane part of the daily operation of any multifamily community, is time-consuming and hectic. For Daniel Petersen, Fire & Life Safety Coordinator and Access Control Systems Manager for RedPeak communities, the move-out process in particular poses security risks. Managing Turnovers Quickly and Safely Consider this: a busy leasing agent at RedPeak,…
We have entered a new phase for property technology, commonly referred to as “proptech.” Those in multifamily, vacation rental, and commercial real estate know that the last 24 months have been an overwhelming flood of new proptech options. Now, it’s time to get more focused and determine which solutions are best suited for long-term strategies….
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…
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…
