Currently, it’s very easy to go online and create fake pay stubs or new identities that will help individuals get approved that may not meet all of your requirements based on their actual credit history and income. In the past it has been time consuming and/or costly to run background and income checks on applicants. So the question arises how in-depth your screening process needs to be?
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A prospect arrives at an apartment community where he encounters a self-serve kiosk. He types in his parameters for the type of home he is seeking. A mobile, humanoid-type robot arrives at his side, asking if he has any follow-up questions.
We live in a data-rich world. Any PM software platform you use is going to offer lists of reports to find metrics on every aspect of your business. All of this data can offer a trove of information, but how much real insight does it provide?
When people learn that I grew up in Alaska, one of the most common questions I’m asked is “What did you do for fun?” A part of me wants to say I tracked black bear migrations and caught fresh sockeye with my bare hands, when in reality, I feel like I spent a lot of time watching Trading Spaces reruns. Seriously, Hildi?!? How could you possibly think that covering the walls with 7000 artificial flowers is a good idea? I’m sure Jay and Danielle will be thrilled to have the tackiest bathroom in the history of forever.
Texas is one of the latest states to enact their own data protection law. Signed into law in 2023, the law will take effect July 1, 2024, with an additional grace period for applicable businesses to ensure compliance with the new regulations by January 1, 2025. Much of Texas’ Data Privacy and Security Act (”TDPSA”) follows many of the same key elements we’ve already seen from other states that have enacted data privacy laws. However, there are some differences to note as well. Below is an overview, highlighting the key points to be aware of.
Of the many challenges facing multifamily operators in 2022, the number of leads typically isn’t among them.
The apartment industry has always utilized data to some degree. But the metrics used in the past were often those of a general variety that nearly anyone could access, including broad regional trends and basic submarket data.
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