The multifamily industry has been hit hard by the "Great Resignation," with up to 70% of workers leaving their positions in 2021 and 2022 (National Apartment Association). In light of this staffing crisis, property management companies are seeking innovative solutions that will optimize their operations and allow them to achieve more with fewer resources. Digital payment technology has emerged as a game-changer, revolutionizing property operations by eliminating manual tasks, improving staff satisfaction, and reducing turnover.
As the multifamily industry continues to evolve, centralization has become a major topic of discussion among professionals in the industry. We sat down with our Co-Founder and CEO, Michael Lightfoot, to gain a deeper understanding of this trend and its implications.
The concept of digital payments has been around long enough that most people don’t question the speed or convenience of, for example, splitting a restaurant bill using Venmo, or paying rent through an app.
Switch to the truly digital payment platform for the multifamily industry.
Domuso’s VP of Strategic Accounts, Terri Nicholson, sat down to have an honest conversation about the process of transitioning client properties to 100% paperless payments. Find out what’s worked and what typical stumbling blocks clients run into. Here’s what she had to say on the subject:
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