ApartmentJet co-founder Eric Broughton will be a speaker this week at the Multifamily Technology and Entrepreneurship Conference in San Francisco.
Along with executives from other multifamily startups, he’ll participate on a panel discussing Revenue and Investment Opportunities in Short Stay Housing. The discussion deals with new types of revenue opportunities (and the companies spearheading them) in the multifamily space.
The MTEC materials describe the session like this:
“Well-capitalized companies with new names are creating “synthetic” or “derivative” real estate opportunities in traditional multifamily. These companies are creating daily, weekly and monthly opportunities to re-sell unoccupied inventory in different marketing channels with different economics. Owners can now profit from directly renting units, from third-party rental of units or from residents renting their units out. Some models support and extend traditional corporate housing, some are entirely new kinds of living. With a California judge dismissing the AIMCO suit versus Airbnb, expect to see more apartment owners looking at short stay housing as a potentially higher and better use of their inventory. We’ll ask the new experts to explain the financial benefit of their models, their growth trajectories and how owners are currently working with them to increase NOI.”
The session takes place Thursday, March 8, at 9:00am.