Striving for 100% resident satisfaction is a key goal for operators, but it’s not always possible. There are many factors that influence how happy residents are in your development such as: Staff professionalism The quality of apartments and amenities Rental rates If you receive complaints from residents, resolving issues in a quick … [Read more...]
Facilities Management Budget Planning for 2022
2021 has come to an end, and now it’s time to think ahead for the New Year. For BTR and PBSA operators, that means arranging your facilities management budget plans for the next 12 months. However, the BTR market in the UK is still young, so even the best operators can’t pinpoint where all the best savings are yet. And while the PBSA sector is … [Read more...]
How Ancillary Income Boosts Your Residential Building’s Revenue
If there’s one thing every company wants to see more of, it’s profits. A healthy profit margin is good sign that the business is: Meeting the demands of its target market Operating efficiently In the residential sector, BTR and PBSA properties could be making significantly more revenue through ancillary income. The US market tapped … [Read more...]
How Proptech Solutions are Revolutionising BTR & PBSA
The growing need for proptech is a worldwide phenomenon. In 2012, funding for real estate technology companies reached a high of $220 million in US currency. Fast forward to May 2020, and nearly 2000 proptech companies raised a total of $50 billion in venture capital that year. It’s a hugely important sector, but the question is, why has … [Read more...]
Centralised Purchasing: The Future of the Rental Market
The BTR market in the UK is growing at an exceptional rate, and it’s predicted to be worth £544 billion once the market reaches full maturity. Despite the rapid growth, it’s worth remembering that the sector is still very young here. In order to keep costs down, a thorough understanding of the industry is needed. That experience only comes from … [Read more...]