Remove 2001 Remove Contractors Remove Maintenance
article thumbnail

6 must-know industry trends for small property managers

Buildium

Between 2001 and 2022, for example, rents rose by 21%—while renters’ incomes rose by just 2%. Fact #5: Maintenance Costs Are Rising Property management companies see work order management software as the main opportunity for improving property maintenance, a top concern among rental owners and tenants. This comes as U.S.

article thumbnail

2024 Annual Rental Housing Report Key Takeaways

Rental Choice

Since 2001, median rents have almost continuously risen in inflation-adjusted terms. Property owners must reinvest in repairs and maintenance costs to keep them in good condition. If we adjust for inflation, the U.S. has lost 2.1 million affordable units since 2012. They are 21% higher as of 2022.

Apartment 130