1、Executive summary For multifamily owners&operators,an unstable economic environment can compromise cash flow.At the time of writing,operators face multiple heightened risks including chargebacks and returns,utility theft,growing resident turnover costs,and more.This guide highlights what you can do

2、to protect your revenue both in this economy and in the longer-term.The turbulent U.S.economyRent collection risksRisks to NOI in a volatile utility marketOperational revenue risksThe ROI on revenue protection solutionsCONTENTSIf you think about the last few years as a commercial flight,the multifam

3、ily industry pre-pandemic was taxiing on the tarmac.Then,the plane took off as rent prices surged in 2021.Nationally,the cost to rent an apartment rose by 17.6%,and throughout 2022 continued to climb to a cruising altitude with median rent increasing by 3.8%.Then we encountered turbulence.A combinat

4、ion of repressed consumer demand,supply chain disruptions,and a tight labor market launched us to the peak of inflation.Now,the Federal Reserves aggressive rate hikes,which are meant to cool the economy,might tip us into a recession.Brace yourselves for impact.While a number of sectors were affected

5、 by these opposing forces,the rental and real estate markets saw the most dramatic impact.By the end of 2022,inflation,high interest rates,and economic uncertainty resulted in rent decline.There was a slowdown of leasing that was beyond seasonality and negative absorption.In the event of a sudden lo

6、ss of cabin pressure on a commercial flight,oxygen masks descend from the ceiling.In the event of an economic recession,after record-breaking rent growth,what are the implications for multifamily companies,and how can they prepare and protect themselves?The turbulent U.S.economyThe turbulent U.S.eco