Ep.10 - Communities at the Core: Multifamily Tech, Strategy, and Staying Ahead-with Susan Gerock
Nadine and Ryan sit down with Susan Gerock, CIO of Elme Communities and one of the most respected voices in multifamily tech,Β ...
Senior Vice President & Chief Information Officer, Elme Communities
Search every verified Susan Gerock interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Susan Gerock, Senior Vice President and Chief Information Officer at Elme Communities, has spoken in multiple interviews about the company's transformation from a diversified REIT (formerly Washington REIT) into a pure multifamily operator. She stated that the shift, which involved selling office and retail assets and bringing property management in-house, required changing approximately 90% of the company's business applications. Gerock described the selection of Yardi as the core accounting and property management system, noting that the company prioritized staffing and support alongside technology maturity. She said the implementation was supported by RealFoundations and that the project was called "Project Reimagined" to encourage new ways of working. Gerock has emphasized data governance and hygiene as foundational for future technology use, including generative AI. She said her IT team conducts weekly deep dives into individual communities, reviewing data such as resident demographics, tenure, and rent to understand community performance. Gerock has advocated for reducing "app fatigue" among employees by integrating niche applications into a unified workflow and for making resident interactions as simple as an Amazon purchase. She noted that the company focuses on resident engagement through text messaging programs and that maintenance technology allowing remote troubleshooting has improved efficiency. Gerock also stated that she expects consolidation in marketing and property technology over the next 18 months as larger firms acquire smaller ones.
“I feel like a lot is asked of the CIO role today. There's a lot of discussion: are you a CIO, are you a CTO, are you a CISO? I think in many ways we are expected to be a little bit of everything. We have to understand the business of the company through multiple lenses, thinking about how to move the company forward, k...”
“One of the biggest things we do is make sure our residents know we're available to them and that providing them with a wonderful experience in their home is paramount. We focus on resident engagement through text messaging programs where they can ask questions, put in work orders, give kudos or complaints, so we can co...”
“For the longest time, landlords looked at residents as just 12 checks a year and didn't care to engage. That attitude is no longer acceptable. We want residents to feel a sense of community and belonging where they live, not just be a check in our system.”
“There are so many marketing technology solutions out there; it's like wading into a never-ending lake of options. No one solution does everything, and many try to add capabilities beyond their core strengths, which complicates decision-making. We constantly monitor and measure the success of these applications to decid...”
“I believe over the next 18 months, we will see a lot of consolidation in marketing technology and property technology as bigger players acquire smaller ones. The industry goes through phases of many players shrinking down and then expanding again.”
“Simplicity is key in technology implementation. For both residents and employees, we want interactions to be easy and seamless with less friction. We avoid requiring multiple logins, duplicate work, or adding unnecessary apps. Integration and ease of use are top priorities.”
“One major mistake in tech implementation is losing sight of what success looks like. In a project on expense participation, we defined success metrics upfront but then forgot them during the process, causing delays and headaches. Keeping success criteria visible daily is essential to stay on track.”
“When selecting technology platforms, especially for smaller companies, it depends on the company's priorities. You must know your company, employees, and residents to find the right fit. Some capabilities, like cybersecurity monitoring, are better outsourced to managed service providers.”
“As real estate firms advance their tech stacks, cybersecurity risks increase. We are fighting a good fight with great organizations supporting us, including real estate ISAC and the National Multihousing Council's cybersecurity working group. We must also consider physical threats as part of our critical infrastructure...”
“One emerging technology I am excited about is maintenance technology that enables quick resolution of problems. It allows technicians to communicate via apps, take pictures, troubleshoot remotely, and be more efficient. Quick problem resolution greatly improves resident satisfaction and operational efficiency.”
“In June of 2021 we told the world we were selling office in retail and going to become a Pure multifam REIT. This was a really really big deal for us mainly because we had always been focused in the DC area and we were telling the world we are going to expand Beyond DC and we had owned our multif family communities but...”
“I think what happened in multifamily was you had the covid Revolution and then you have the AI Revolution and now I think what's happening is that people are really really really focusing on your experience as a consumer of your product. It went from oh yeah we just need a tenant... to now it's like no we really really...”
“We definitely are [using data] to understand what a community really needs. One of the things in the multifamily industry is we get very structured... and it's not always one-sized fits-all. So one of the things that we have really been looking at from a data standpoint is let's look at work orders for example... let's...”
“Our focus is always on making sure we've set it up so that we're clear on what the AI does but we're also clear on that the timing of the handoff to a human. There's nothing worse than if you are prospective resident... you're chatting with an AI chatbot about the community setting up your tour and then if AI is follow...”
“We've actually rolled out across almost all our communities smart home technology so that's in place so you know the residents have that ability to use you know smart locks smart lighting uh smart thermostats water leak detection. We have that on our vacant units as well that we're showing so really being able to take...”
Nadine and Ryan sit down with Susan Gerock, CIO of Elme Communities and one of the most respected voices in multifamily tech,Β ...
Learn the challenges that the multifamily industry is facing and how Susan and her team are trying to solve them from a data perspective.
As part of our interview series for our book research, today I am joined by Susan Gerock, the CIO of Elme Communities. Here, weΒ ...
Elme Communities' Senior Vice President, IT & Chief Information Officer, Susan Lilly Gerock, joined leaders fromΒ ...
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