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

Buildium

But when we look at the rate of growth that companies expect, we can see that they anticipate a slower pace of revenue growth over the next two years than they did back in 2023. On one hand, companies are anticipating less revenue growth over the next two years than they projected in 2022 and 2023.

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Spotlight Interview: Tim Wehner, Past NARPM President & Property Manager Extraordinaire

Yardi Breeze

Tim Wehner is a former president of the National Association of Residential Property Managers (NARPM ). His term as president ended in 2023, but hes been involved with the association in one way or another for his entire career in real estate. This has led to delays in completing work orders as well as rising costs.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Here are a few examples of tax credits you may be eligible to receive as a property manager or a business owner: Investment Credit: Businesses can deduct a certain percentage of investment costs from their taxable income. Having property management software with accounting features can help you do that.

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Property Management Software: Managing Vacation Rentals

Avantio

Is investing in property management software the key to success in a competitive industry? This question resonates with property managers worldwide looking for efficient ways to streamline operations, maximize revenue, and enhance guest satisfaction. What Is Property Management Software?

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Tips to Minimize Tenant Turnover

American Apartment Owners Association

The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up. Accordingto a report from Zego, the average cost of turning over a rental unit was $3,872 in 2023.

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6 must-know industry trends for small property managers

Buildium

For the seventh consecutive year, portfolio growth tops the list of third-party property management companies’ priorities, with 91% planning to expand their portfolios over the next two years. But by staying ahead of the game and tapping into these trends, you can position yourself for long-term success.

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Property management trends: What to prepare for in 2025

Condo Control

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.