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Multifamily Industry Experiencing Frustration with Too Many Regulations
Manage episode 439037861 series 3568421
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Join Kerry W. Kirby and Jimmy Lancaster, the masterminds behind the Multifamily Tech Gurus Podcast Series, as they explore the rising frustration within the multifamily industry due to the increasing complexity of regulations. They delve into how these regulations impact property management firms and the broader effects on the quality of housing communities.
In this episode, Kerry and Jimmy discuss how the evolving regulatory landscape impacts multifamily operations, drives up costs, and fosters uncertainty in the sector. They analyze the impact of proposed regulations on revenue management tools, particularly how these changes will influence the collection of comparable rents for pricing. The discussion also covers the potential repercussions of rent control on new market developments and addresses the transparency challenges introduced by the new Junk Fee Act.
Kerry and Jimmy’s Words of Wisdom: "Understanding how new regulations impact our industry is crucial for navigating the challenges ahead. From changes in revenue management to the effects of rent control and transparency issues with the Junk Fee Act, multifamily operators must follow how these shifts are reshaping our industry and affecting how they manage their properties."
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