Property development is appealing to fearless entrepreneurs, and for good reason. With the possibility of making dramatic profits in short period of time, property development can be a lucrative and rewarding venture. However, one small misstep can derail a project, leading to enormous setbacks, and in some cases, financial ruin. While novices might be especially vulnerable to making mistakes, seasoned … Read More
Make Your Multifamily Development a Safe Haven for Future Renters
Every decision you make about your multifamily developments should have future renters in mind, and if there’s one thing renters want, it’s to feel safe at home. In fact, a massive 65% of Millennial renters said they would move out of an apartment if it lacked security. So even if you’re working on prime real estate in the heart of … Read More
5 Pesky Property Management Tasks That Can Be Automated
Property manager: a small job title that encompasses an endless list of responsibilities and daily tasks. With a complex job like property management, it’s only natural to look for ways to increase efficiency in your daily workflow. Luckily, some of the more tedious and time-consuming tasks can be automated with a little help from property management software, package management systems, … Read More
6 Shocking Stats about Package Theft
When you order something online, you expect the package to arrive safely, right? Well, according to the statistics, there’s actually a good chance that your deliveries could get swiped by “porch pirates.” Here’s what the numbers have to say. Nearly one-third of Americans have had a package stolen off their front porch. One in three. 33%. Three people out of … Read More
Why Property Managers Need to be Concerned with Last Mile Logistics
Say you order something from an online store. Once your order is received, the staff at a warehouse finds the item you ordered, packages up the goods, and puts it on a truck en route to a central distribution center. It’s only after the package is placed into a vehicle for delivery to the final destination that it enters the … Read More
Apartment Amenities You’re Guaranteed to Notice in 2018
Swimming pools and treadmills aren’t enough to attract desirable tenants anymore. With so many young people choosing to rent over buying a house, multifamily building owners will have to step up their game. Amenities that will gain more popularity over the next few years will focus on technology, security, and a sense of community, so don’t be surprised if you … Read More
What Millennials Look for Before Signing a Lease
Rental housing is big business right now. According to Pew Research, more U.S. households are renting now than they have at any point in the past 50 years… and Millennials have a lot to do with it. A staggering 65% of Americans under the age of 35 are renters. But the days of renting an apartment just as a cheaper … Read More
Renters Are Ready for Meal Kit Delivery, But Is Your Building?
The meal kit industry is booming. In fact, the meal kit industry’s revenue is projected to grow to over $10 billion in 2020 according to Statista. With that kind of rapid growth, you’ll undoubtedly be seeing HelloFresh and Blue Apron packages show up in your mailroom more frequently. And here’s the thing: no facility that caters to a younger demographic … Read More
Success Story: University of Nevada Las Vegas
When’s the last time you were able to give your student workers an immediate raise? That’s exactly what happened at the University of Nevada Las Vegas after they installed Smiota’s package delivery system in their residence halls. Streamlining their package management system doesn’t just save UNLV money. It saves their residence hall staff time, too, so they can focus on … Read More
Student Housing Upgrades Guaranteed to Impress (Without Breaking the Bank)
Your incoming freshmen might be dreaming of living in luxury. But unless you have a bottomless pocketbook, chances are installing a swimming pool in the courtyard or supplying Tempur-Pedic mattresses for all isn’t high on the priority list. Room and board can cost students upwards of $9,000 per year at a public university. And often the amenities just don’t match … Read More