Randy Benderson – Randy Benderson

Property Management And The Rise Of The Millennials

A business hoping to stay relevant in its industry should learn how to adapt to shifting consumer demographics and market trends. And at present, millennials already constitute a significant part of the market; recent statistics have shown that the said generation make up around 25 to 30 percent of the total U.S. population.

millennial-real-estate-millionaire — Image source: auction.com

And as millennials are on the onset of their prime spending years, property managers should find ways to capitalize on this.

Firstly, property management professionals and companies should understand that millennials are more inclined to rent a residential property initially, instead of buying one, for various economic, career, societal, and government factors. They should also take note of two of the dominating characteristics that millennials generally have: highly social and highly visual.

Gone are the days when rental real estate is defined by square footage and room size – millennials would rather look for properties that offer amenities that facilitate socialization and foster their digital entertainment needs. For example, properties that include recreation facilities, coffee shops, speedy Wi-Fi connection, and efficient cellular service are more likely to pique the interest of these renters. Property managers then have to find ways how to install or upgrade these features.

And the aforementioned characteristics are also evident in how millennials can spend almost the entire day on the mobile devices or computers. They have the need to share their opinions or experiences with not just their friends, but even with strangers on social media. Thus, now more than ever, ratings and reviews matter. Property managers should then put a premium in not just improving their properties, but also in bettering their customer service and relationship with consumers or tenants.

Randy Benderson is the president of Benderson Development, helping build the company into becoming one of the largest and most diverse real estate developers and property managers in the U.S. For more articles on the industry, click here.

Asolo Rep’s Evita Sneak Peek At Benderson Park: Brushing Up On The Webber Musical

The recent Welcome Back Party of Asolo Repertory Theatre, the premier professional theater from Florida, was held at Nathan Benderson Park last October 24. The venue, with its priceless sunsets and wonderful lake views, provided the perfect location for these activities that promote Florida arts. Patrons and actors alike enjoyed the welcoming ambience as they were treated to a sneak peek of the company’s newest production, Andrew Lloyd Webber’s “Evita.”

eva-peron-9437976-2-raw — Image source: www.biography.com

Andrew Lloyd Webber is a leading musical composer responsible for many international hits and sensations like “Phantom of the Opera,” “Jesus Christ Superstar,” and “Cats.” His work on Evita was a product of collaboration with the award-winning lyricist Tim Rice. Rice recounted that the idea came to him while listening to a radio programme about Eva Perón, the controversial First Lady of Argentina who was married to the repressive but popular Argentinian president Juan Perón.

When they released the song “Don’t Cry for Me Argentina” as part of the concept album, everyone got interested and so they decided to begin the musical. The work reflects a lot of the groundbreaking style of Webber as a composer, mixing the dramatic qualities of classical music with the edgy popular appeal of rock. The combination was successful in “Jesus Christ Superstar” and worked admirably for “Evita.” Some of the songs like “Buenos Aires” and “On This Night of a Thousand Stars” are also evocative of Latin rhythms

Ana Isabelle, who is going to play the titular role in Asolo Rep’s new production of the musical, performed “Don’t Cry for Me Argentina” during the party and was later joined by the cast to sing “A New Argentina,” the last number in Act I. Those particular songs reflect the eclectic musical style of Webber, effectively blending an inventive harmonic language and evocative Latin and rock beats.

Randy Benderson is the president of Benderson Development, a venture his father Nathan Benderson established in New York over 60 years ago. Now carrying the torch of his late father’s legacy, Randy continues to oversee over 8,000 employees. The Bendersons believe that success can be attributed to excellent work ethic and passion for growth. To learn more about the company’s work, follow this Twitter account.

Why Florida’s real estate industry will continue to boom after Hurricane Irma

While it’s still too soon to say that the real estate industry will recover quickly in the aftermath of Hurricane Irma, there are indications that just a few weeks after the category 4 storm hit the state, things are looking up.

AR-160909736 — Image source:heraldtribune.com

Images of the havoc wreaked by Irma flooded the media just hours after the Hurricane slammed Florida’s coasts. It initially worried the local real estate market, which relies heavily on out-of-town and foreign investors. It’s a big thing, especially for the state’s home and condo cash purchases which—at 20 percent of all Miami-Dade real estate transactions—is double the national average.

The deciding factor here is the speed by which infrastructure are repaired and the availability of amenities returning to normal, analysts say. Florida’s housing statistics will be affected since minor damages and power outages have delayed a few area closings. But if August data will be the basis, there should be a continued rise in mid-market home sales.

Other analysts even believe that the hurricane could prove a boon to the state’s luxury housing market, which could coax sellers into lowering asking prices. More importantly, structures did hold up well in the aftermath; the damage has mostly been downed power lines and landscape debris. Recovery should be fast, as people ultimately want to be in Florida.

Randy Benderson is the President of Benderson Development, a venture his father, Nathan Benderson, established in New York over 60 years ago. Today, Nathan’s legacy stands with the company, hailed as one of the largest and most diverse real estate developers in the U.S. For similar reads, drop by this blog.