{"id":22957,"date":"2019-09-10T11:05:58","date_gmt":"2019-09-10T18:05:58","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=22957"},"modified":"2020-12-25T02:04:26","modified_gmt":"2020-12-25T10:04:26","slug":"recession-proof-properties","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/recession-proof-properties\/","title":{"rendered":"Recession-Proof Properties"},"content":{"rendered":"<p>As we head into uncertain economic times, is your multifamily portfolio recession proof? Now more than ever, you need data you can trust and a smart revenue <img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-22958\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2019\/09\/9050_MF_NAA-Blog-v2009050_MF_NAA-300x169.jpg\" alt=\"\" width=\"375\" height=\"211\" \/>management strategy to set competitive rental prices, maximize occupancy and spend marketing dollars wisely. And, with the arrival of artificial intelligence and machine learning to inform business intelligence, computers understand what is happening in the market before people do.<\/p>\n<p>In a July 2019 Forbes article, \u201c<a href=\"https:\/\/www.forbes.com\/sites\/forbesrealestatecouncil\/2019\/07\/12\/three-ways-to-recession-proof-multifamily-properties\/#3fa79c546f06\" target=\"_blank\" rel=\"noopener\">Three Ways to Recession-Proof Multifamily Properties<\/a>,\u201d the author stated \u201cJust as \u2018all politics is local,\u2019 so is real estate. In their\u00a0Beige Book, the Federal Reserve governors said real estate activity is declining in some regions even as others pick up the pace. Much of that activity centers on multifamily real estate:\u00a0319,000 apartments\u00a0are due for completion this year nationwide, which the\u00a0<em>Wall Street Journal<\/em>\u00a0determined is the most new units in about three decades. Local conditions should dictate new multifamily purchases and impact investors&#8217; efforts to recession-proof already-owned properties.\u201d<\/p>\n<p><strong>Come for Answers <\/strong><\/p>\n<p>So, how do you drive property performance in a changing industry?<\/p>\n<p>Join us at <a href=\"https:\/\/www.naahq.org\/maximize\" target=\"_blank\" rel=\"noopener\">Maximize 2019<\/a> for some great answers \u2014 NAA\u2019s premier event taking place on September 23-24 in Atlanta. This year\u2019s conference will focus on the intersection of asset and revenue management and will deliver knowledge and tactics that attendees can put into action.<\/p>\n<p>Educational sessions include the must-attend \u201c<a href=\"https:\/\/www.naahq.org\/maximize\/schedule\" target=\"_blank\" rel=\"noopener\">Revenue Management and the Recession<\/a>\u201d on September 24 at 10:00 a.m., moderated by Dhar Sawh, industry principal of revenue management at Yardi. Sawh will be joined by panelists Trey Lane, vice president of pricing and revenue management at Progress Residential, Michael Lilly, director of revenue management at Weidner Property Management and Jessica Mills, senior consultant at D2 Demand Solutions. Attendees will discover what experienced pricing managers learned during the last recession and how they plan to apply those lessons during the next downturn.<\/p>\n<p><strong>Meet Us There<\/strong><\/p>\n<p>We hope to see you at the Yardi kiosk at Maximize. You can <a href=\"https:\/\/www.yardi.com\/events\/industry-events\/#event-234\" target=\"_blank\" rel=\"noopener\">schedule a meeting<\/a> now for an in-depth look at Yardi\u2019s big data solution <a href=\"https:\/\/www.yardi.com\/products\/elevate\/#multifamily\" target=\"_blank\" rel=\"noopener\">Yardi Elevate<\/a> which includes <a href=\"https:\/\/www.yardi.com\/products\/elevate\/#multifamily\" target=\"_blank\" rel=\"noopener\">Asset Intelligence<\/a> and our latest release Forecast Manager to create property-level budgets. Our experts will show you how to leverage big data for predictive analytics and more to improve portfolio performance.<\/p>\n<p><strong>Keep Learning<\/strong><\/p>\n<p>Want the scoop on big data for multifamily now? Find out how your industry peers are <a href=\"https:\/\/www.yardi.com\/resources\/?solution=asset\" target=\"_blank\" rel=\"noopener\">succeeding with technology<\/a> or learn about boosting asset performance by joining a <a href=\"https:\/\/www.yardi.com\/events\/webinars\/?Yardielevateformultifamily\" target=\"_blank\" rel=\"noopener\">Yardi Elevate webinar<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As we head into uncertain economic times, is your multifamily portfolio recession proof? Now more than ever, you need data you can trust and a smart revenue management strategy to set competitive rental prices, maximize occupancy and spend marketing dollars wisely. And, with the arrival of artificial intelligence and machine learning to inform business intelligence, [&hellip;]<\/p>\n","protected":false},"author":616,"featured_media":22958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2618,4],"tags":[157,1595,29,44,538,40],"class_list":["post-22957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","category-news","tag-economy","tag-maximize","tag-multifamily","tag-naa","tag-revenue-management","tag-yardi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"As we head into uncertain economic times, is your multifamily portfolio recession proof? 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