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

Buildium

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.

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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. In 2024, tenant quality emerged as the #1 concern for property management companies.

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Tenant Retention 101: Essential Tips for Property Managers

BetterWho

You’re not only looking at lost rent for every month your property is empty. 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% No more scattered calls or emails.

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How bonus depreciation can save your property management company money

Buildium

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.).

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Single-Family Property Management Service Trends for 2022

Propertyware

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. Meanwhile, property managers are working more closely with residents to keep them in their units despite income loss.

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Budgeting Post-Pandemic: How to Forecast With the Numbers You Have Now

Propertyware

By: Laurie Mega It’s so easy to get caught up in the everyday logistics of property management. Focusing on rent and fee collection, marketing to attract tenants, and communication with owners can take the spotlight off the health of your core asset: your business. “At

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How are modular homes addressing the multifamily supply problem?

MRI Software

million in 2022. For multifamily property managers and landlords, this growing demand is paired with the challenges of high construction costs and long project timelines. When developers spend less on construction, they can pass those savings on to tenants in the form of lower rents. million homes in 2021 to 4.5