Remove 2019 Remove Maintenance Remove Property Manager
article thumbnail

Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

Generating enough revenue to compensate for rising costs remains a top challenge for property management companies in 2025. But on the other hand, their growth expectations are, again, equivalent or greater than their expectations back in 2019 and 2020. 41% will expand the services they provide.

article thumbnail

2025 rental market predictions: 14 property management trends to prepare your business for

Buildium

Which trends will 2025 hold for property management companies in the United States? We’ve done the research on the forces that will shape the property management industry and the rental market next year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cash Flow Might Be Tight in Indianapolis, But Investment Still Makes Sense

T&H Realty

Insurance Costs: The cost of insuring rental properties has skyrocketed, with some owners experiencing premium hikes of 20-25%. Maintenance & Repairs: The price of labor and materials has surged, with some construction materials seeing a 10-20% increase.

article thumbnail

When Is the Last Time You Raised the Rent?

Authority Property Management

Many property owners hesitate to increase rent, either because it feels awkward to bring up or because they worry it might push good tenants out the door. At Authority Property Management , we get itkeeping the peace with tenants is essential. rising maintenance costs) to build understanding.

Rent 59
article thumbnail

Mitigating Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Use data-driven decisions to manage risks effectively. Implement efficient property management to minimize operational risks. Practice proactive risk management strategies like robust tenant screening and maintenance plans. Prioritize tenant relationships for enhanced property performance.

article thumbnail

Rapidly Rising Rents Squeeze Millions in the Middle Class

American Apartment Owners Association

That’s up almost 20% since 2019, while the already high share of cost-burdened, low-income households rose just 2%. Burdened by rents The percentage of middle-class renters burdened by costs has increased rapidly since 2019. The friend cut him a deal on rent, Evans also helps out with tasks such as property maintenance.

Rent 130
article thumbnail

2024 Annual Rental Housing Report Key Takeaways

Rental Choice

Over half a million low-rent apartment units were lost between 2019 and 2022. Moreover, property owners have repaired many existing units to minimize the problem. Property owners must reinvest in repairs and maintenance costs to keep them in good condition. million) spent over 30% of their income on utilities and rent.

Apartment 130