Buildium
JANUARY 21, 2025
In 2024, we can see that more companies reported equivalent or greater revenue growth than they did in any year between 2017 and 2022. On one hand, companies are anticipating less revenue growth over the next two years than they projected in 2022 and 2023. 41% will expand the services they provide.
Buildium
OCTOBER 28, 2024
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. In 2024, tenant quality emerged as the #1 concern for property management companies.
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Buildium
DECEMBER 15, 2024
Heres an example of one such statement: Taxpayer hereby elects out of bonus for tax year 2022 for its 10-year and 15-year asset classes. Tools may already be at your disposal if youre using property management software for the rest of your operations. a 5-year asset class, a 7-year asset class, etc.). The best part?
BetterWho
SEPTEMBER 21, 2024
The cost of finding a new tenant, additional maintenance, marketing the property, etc., According to the NARPM financial performance guide , the best property management companies had a churn rate of 9.6% in 2022, which is much better than the average of 19.5%. means that keeping your tenants happy is very important.
Condo Control
DECEMBER 11, 2024
Everything costs more, and as a result, some would-be clients looking to save money will hold off on hiring a manager. According to one report, 50% of property management companies plan to expand between 1% and 25%. This is a slower rate of growth than what companies projected in 2022 and 2023.
Propertyware
JANUARY 6, 2022
By: Laurie Mega According to the 2022 State of the Property Management Industry Report , the number of renters living in single-family rentals has risen steadily for the last several years. ’ They will expect us to continue to provide the same online and convenient services,” commented one property manager based in Oregon.
Propertyware
NOVEMBER 11, 2021
By using a simple forecasting method that combines pre-pandemic numbers with current market analysis, property managers can forecast for 2022, no matter what their goals are. Many property managers, however, didn’t experience a dip in business during the pandemic, particularly those who manage single-family homes.
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