Buildium

APRIL 3, 2025

When Buildium asked renters whether they planned to move from their current rental or stay put, 47% said they planned to remain at their current place of residence, the highest number we’ve seen since 2021. As a result, property managers have begun to make tenant screening a higher priority.

Lease 130

Lease Property Management Property Manager Management 130

Buildium

OCTOBER 28, 2024

However, by rigorously screening applicants, you can reduce turnover and help prevent costly evictions. Moreover, thorough tenant background screening ranks among the top services that owners want from a property management company. Small property managers should find the right balance between tech and in-person interaction.

Property Management 246

Property Management Property Manager Management Property 246

Appfolio

MARCH 16, 2021

Since mistakes will be made early in a property manager’s career, it’s important to provide mentorship and help your staff learn from these mistakes. And then I couldn’t remember how to do the security deposit refund, so the workflow took me right to the application to do that.’ That’s word of mouth, right?

Property Management 289

Property Management Property Manager Management Property 289

American Apartment Owners Association

AUGUST 30, 2024

Rent growthis decelerating from the double-digit increases seen in 2021 year-over-year rent growth currently stands at -0.8 When you couple that with economic uncertainties like rising interest rates, potential recession fears, and geopolitical tensions, the pressure to deliver strong returns while managing costs is at an all-time high.

Lease 162

Lease Property Management Property Manager Maintenance 162

MRI Software

DECEMBER 11, 2024

million homes in 2021 to 4.5 For multifamily property managers and landlords, this growing demand is paired with the challenges of high construction costs and long project timelines. is facing a critical housing shortage, as the shortage surged from 4.3 million in 2022.

Transportation 52

Transportation Property Manager Property Management Property Management Software 52

Second Nature

DECEMBER 16, 2024

In 2017, the average profitability in the property management space was 6%, and the top 25% of performers profitability was 25%. In 2021, the average profitability was 11%, and the top performers were 32%. Many rental property managers may not realize they could strive for anywhere from 25% to 32% profitability.

Property Management 52

Property Management Property Manager Management Property 52