Strategies for Tough Economic Times: Questions and Answers with Steve Winn
This is the second in a series of comprehensive articles recapping the 2009 RealPage User Conference in Dallas, July 12-14.
During the 2009 RealPage User Conference, President and CEO Steve Winn sat down with Multifamily Editor and Writer Joe Bousquin for a no-holds-barred, free-ranging discussion of today’s tough economic conditions, the strategies and tools available to manage them, and the future of multifamily technology.
Joe Bousquin: The theme this year at the RealPage User Conference in Dallas is ‘Get the BIG Picture.’ What is the big picture in 2009? Where are we today versus a year ago?
Steve Winn: The industry is hunkered down trying to weather this economic turmoil. For a company like RealPage, that means you have to focus on those products and services that deliver a return measured in months, not years. Even six months is probably too long. Three would be better. I think that's probably going to be true for another year and a half, at least.
I do think this industry is going to come back very strong. Beginning in 2011 but really by 2012, it should have recovered because of the demographic demand that we are seeing with Gen Y—and even Gen X coming back now—producing apartment absorption.
Read the entire article here.
Posted by: Michael | September 16, 2009
Tag: Conference Recap
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