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HappyCo’s CEO, Jindou Lee, chats with the Co-Founder and Principal at Standard Communities, Scott Alter, about his priorities as a multifamily owner. Standard Communities is an owner and developer of affordable, senior, and workforce housing with nearly 19,000 units and $4 billion+ in assets under management. They are committed to providing high-quality, healthy, and sustainable housing.

Multifamily budget season is always a challenging time—‘tis the season when property managers are asked to polish their crystal balls, peer into the future, and map out a successful financial path for the coming year. Does predicting the future sound easy? Spoiler alert: It’s not!

Every day, essential multifamily maintenance workers undergo career-ending surgeries, sustain major injuries, age out of their work, or simply experience too much wear and tear on their bodies to continue working onsite any longer.

“Centralization” has been a multifamily buzzword for years. Prior to COVID, there were whispers of centralization in the air, but the height of the pandemic forced multifamily organizations to pivot and virtually tour and lease apartments.

Maintenance has always been a nearly impossible-to-solve piece of the multifamily puzzle. Between a never-ending list of work orders for technicians to tackle and the ever-worsening labor shortage, hiring and retaining top technicians can feel like fighting an uphill battle.