The new trend
As far as trends go, student housing is clearly the latest and greatest for property investment and property management firms across the nation. There seems to be a new development being built or renovated everyday, and its no wonder considering the number of students looking to attend a college or university increasing every year. The industry has even seen traditional multifamily converts like the Corvias Group, who according to CEO John Picerne says, “It’s a very large market, and, probably most importantly, had a tremendous amount of need,” via MFE Student Housing.
Markets bring innovations
As with any growing industry, new products and innovations are developed by vendors to keep up with expansion. Great examples include iloveleasing.com and PackageLog. iloveleasing.com is a CRM developed to help leasing teams track leads, phone calls, Internet and print advertising inquiries, walk-in traffic, and it consolidates all prospect leads into one dashboard. This system claims to increase lead response time by 26%, which can clearly increasing the potential for closing sales. PackageLog.com is a package management software (aka inbound package tracking system) that allows properties to log, notify, track, and deliver packages 75% faster, with an added resident retention feature that properties are already seeing results for.
Don’t get left behind
The US Postal Solutions Companies, like the Corvias Group and SphereXX.com are at the forefront of this student housing revolution. Companies that cannot keep up with the growth within this market will be left in the wind, while innovators within the industry or from outside the industry will gain footing and expand into sunset. Moral of the story… be aware of where the growth is, be nimble, and innovate wherever possible.
If you have anything you would like to add or an experience you would like to share, please comment below.
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US Postal Solutions is the nation’s leader in the student housing mail management industry, for both on/off-campus mail management services. The US Postal Solutions, Inc. companies offer mail delivery management, delivery services and package logging / package management software. For more information regarding US Postal Solutions, please call us today at (866) 378-8157 or visit us online at www.uspostalsolutions.com.