Tiffany MittalChief Executive Officer, Utility Ranger · CEO of Utility Ranger, in-house utility billing software

The Future of Multifamily Space - Unbundled Amenities #RUBS #Unbundled #multifamily #apartments

12 Feb 2024 · 1 min

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In this brief dialogue, Speaker A predicts that the multifamily housing market will shift toward a model where the base rent covers only the physical space, while all occupant‑dependent services—such as Wi‑Fi, cable, water, sewer, trash collection, and pest control—will be unbundled and billed separately to residents. Speaker B reacts with skepticism toward government intervention, noting that landlords are often constrained by rent‑control or other regulatory caps that dictate how much rent can be charged, which they view as an overreach into market pricing.

So I really think the future of multifamily is you're renting the airspace and everything else is extra. Everything that's occupant dependent, whether it's Wi-Fi, cable, water, sewer, trash, pest control, those things are going to be unbundled and residents are going to have to pay for that on top of their rent.
Yeah, I'm always amazed when the government steps in and tells you as a landlord how much you can or cannot charge for rent based on whatever number that they have decided is the normal number for the area.