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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%. For 77% of PMCs, vendor and contractor labor costs have gone up over the last year, exacerbated by the rising cost of materials and supplies. In 2024, tenant quality emerged as the #1 concern for property management companies.

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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

The rental market rapidly increased during 2021 and 2022. In 2022, a record-high number of renter households (approximately 22.4 million units had rental contracts under $600 in 2022. Over half a million low-rent apartment units were lost between 2019 and 2022. They are 21% higher as of 2022. It dropped from 15.3%

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Why Authority Property Management is Your Best Choice for Property Management

Authority Property Management

Over the years, we’ve received numerous accolades, including the Best Property Manager for the Best of North State 2022 and 2023. We work with trusted contractors and vendors to ensure all repairs are handled efficiently and cost-effectively, so your property maintains its value while keeping tenants happy.

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Self-Managing vs. Property Management: Which is Right for Your DC Rental Property?

Nest DC

Consider factors such as income, assets, credit history, and rental history while being mindful of limitations set by acts such as the Eviction Record Sealing Authority and Fairness in Renting Amendment Act of 2022 and the Fair Criminal Record Screening for Housing Act. Don’t make exceptions to your process once you’ve finalized it.

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Buying A Vacation Rental

Lifty Life

Harrison Hot Springs 3 bed home “ The Overlook ” managed since 2022 Mid-Range Vacation Homes The mid-range segment of the market is the category that the majority of listings fall under. To do this grab some quotes from contractors, look for costs on MLS listings, and understand the fees of OTA sites.

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