The growing demand for multifamily housing is being driven by a number of factors, including an increase in the number of stay-at-home workers and a desire for more affordable housing options. Multifamily dwellings offer investors the opportunity to generate higher rental income and increase their cash flow. In addition, multifamily properties tend to be less volatile than other types of real estate, making them a more stable investment. The multifamily market is expected to continue to grow in the coming years, making it an attractive option for investors looking to generate consistent revenue.
Multifamily real estate has always been a solid investment, but it has become even more attractive in recent years. Thanks to an increase in demand, Multifamily properties have been fetching higher prices and generating greater levels of revenue. As a result, Multifamily investors have been able to achieve substantial returns on their investments. The latest research from Ariel Property Advisors in New York City indicates that there is a 37% increase in sales for Q3 2022 vs the same quarter last year. With its transaction volume increasing to 41% compared to Q3 of last year, it is safe to assume that multifamily real estate is poised to provide investors with outstanding investment opportunities.
If you are new to multifamily investing, there are a lot of ways to bring in revenue from your real estate property. The use of technology is a must in any business today and its importance is a key component of maximizing your profits and building a successful business. As your business continues to grow, you will come across Proptech companies that can aid you in managing your properties.
So what is a Proptech company?
A Proptech company is a technology-focused company that specializes in developing solutions for the real estate industry. Proptech companies are often startups that use innovative technology to solve problems in the real estate industry, such as inefficient property search processes or a lack of transparency around pricing.
Staykeepers is a Proptech company that offers end-to-end flexible accommodation services and has achieved up to 80% more revenue for multi-family and student landlords by leveraging the power of technology through their platform. As a result of the company's flexible operating model, Staykeepers is able to provide student and multifamily housing assets across the country (and even abroad).
Staykeepers is trusted by a range of industry leaders, from CBRE to Brookfield, and more. Here you will find testimonials from Staykeepers many partners as well as results from clients. https://www.staykeepers.com/testimonials
Exploring the technology and services that a Proptech company can provide might give you a better understanding of how they can help to improve your business and maximize the profit you can generate from your real estate properties.