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6 must-know industry trends for small property managers

Buildium

Fact #3: Tenant Quality Is Property Managers’ Top Concern Finding financially stable tenants is getting harder as rent growth outpaces wages, causing property management companies to prioritize tenant screening. Between 2001 and 2022, for example, rents rose by 21%—while renters’ incomes rose by just 2%. This comes as U.S.

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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Only 1% of the markets reported a rent growth of 10% in Q3 of 2023. million) spent over 30% of their income on utilities and rent. This maximum rent is affordable to those in the $24,000 annual income bracket.

Apartment 130