Multi-Family Housing Trends for Property Managers
For today’s renters, the appeal of apartments and condos heavily centers around amenities. As a property manager, you are probably either thinking about what features you can feasibly and affordably add, or you are attempting to compete with a flashy new property in town.
Multi-family housing trends continue to focus on urban lifestyles and luxury amenities. An Avalon property in New Jersey, for example, has added a “bike spa” for storage and repairs.
Attracting today’s Millennial renters and charging higher rents can be accomplished by offering luxury services as well as improving the community feeling through better common areas.
Adapting for 2017 Housing Trends
Property managers have several options for improving the tenant experience, even without a major remodeling. Instead of building new features, many apartments and condos are partnering with nearby businesses like gyms, salons, and even chef schools to offer tenants high-end services and recreation.
Lowering operating costs are also part of the equation. If you can cut energy bills or reduce maintenance staff with automation, you might be able to afford a flashy new amenity.
To that end, property managers are adding tools like “smart” lockers that accept packages and send text alerts to the tenant. A property manager might add a dumpster mover or powered equipment cart to reduce the physical demands of garbage disposal and other daily tasks.
A dumpster mover can help your employees accomplish more, which can lead to benefits like faster maintenance ticket response times and cleaner common areas that boost tenant satisfaction. If your multi-family building needs solutions for more efficient management, check out our WasteCaddy and other dumpster mover solutions.