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Tim Wehner is a former president of the National Association of Residential PropertyManagers (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. Start us off right, Tim! Back in 2009, we were a small company with around 120 units.
Generating enough revenue to compensate for rising costs remains a top challenge for propertymanagement companies in 2025. 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.
If youre new to propertymanagement taxes, there could be some big mistakes youre making that could cost you or your owners money. Check out these six propertymanagement tax mistakes to see if youre guilty of making themand how to remedy them moving forward. What is a tax credit, you might ask?
Like many small propertymanagers, you probably want to grow your business. That means staying on top of industry trends and knowing where the real opportunities lie—all covered in the 2025 PropertyManagement Industry Report. For small propertymanagers, finding new customers can be challenging in a competitive market.
Most propertymanagement companies and professionals take a bit of time at the end of each year to prepare for new business strategies, goals and trends. While financial challenges persist, propertymanagement companies will continue to leverage technology and seasoned staff members to increase revenue and maintain growth rates.
In the competitive world of propertymanagement, tenant turnover can be a significant drain on resources and profitability. The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up.
Propertymanagers face a myriad of challenges, navigating through the short-term rental industry. Is investing in propertymanagementsoftware the key to success in a competitive industry? Contents Toggle Is investing in propertymanagementsoftware the key to success in a competitive industry?
Rising vacancies challenge propertymanagement the real estate property-managementsoftware company AppFolio says in its 2025 PropertyManagement Benchmark Report, based on insights from more than 2,000 propertymanagement professionals. Read the full report here.
Propertymanagement services have changed by leaps and bounds over the past 5-10 years. And propertymanagement outsourcing services have grown along with it. While the traditional approach to propertymanagement simply provided the basics – maintenance, rent collection, etc.
How to Train TokeetAI for Efficient PropertyManagement AI in propertymanagement is on its peak, with the market expected to grow from $164.96 billion in 2023 to an amazing $226.71 This can lead to confusion and frustration for guests, as well as potential damage to your reputation as a propertymanager.
Multifamily operating expenses are the costs that keep your property running smoothly, from fixing leaky faucets to paying property taxes. Typical operating expenses for multifamily expenses fall into predictable categories like maintenance, utilities, and propertymanagement fees.
billion in 2023. Propertymanagers navigate an increasingly digital world, handling sensitive guest data (like names, addresses, and credit card information) and financial transactions. billion in 2023. According to the IBM Cost of a Data Breach Report 2023 , the global average total cost of a data breach is USD 4.35
In fact, according to a 2023 study by CBRE , multifamily properties have shown a strong recovery post-pandemic, with investment volumes increasing by 50% year-over-year. This makes multifamily real estate syndication an attractive option for investors looking to tap into the lucrative world of large-scale property investments.
Key Takeaways A good review and rating management strategy will boost your bookings and ensure your listings stay on top. Use Avantio’s new features to manage any quality alerts. Propertymanagers who enable it decrease by 20% the time it takes to get first bookings. Or that listings rated 4.9 and above earn 18.2%
2023 was another rocky year for the housing market. Those trends, however, didn’t necessarily spell bad news for single-family rentals, and as we leave 2023 behind, single-families are well-positioned to remain strong in 2024. This tech-driven approach will improve tenant experiences and make propertymanagement more efficient.
While youre at it, show off the propertymanagementsoftware you use to stay connected with your customers. Despite this, a supply-demand imbalance still exists due to increased sales in previous years and a lack of dedicated RV and boat storage facilities in the U.S. the popularity of RVs and boats soared in recent years.
Since 2018, propertymanagers have been able to take advantage of various tax breaks authorized by the Tax Cuts and Jobs Act (TCJA). But which TCJA provisions impact propertymanagers? For example, if you earn $100,000 in QBI from your propertymanagement business, you could deduct $20,000 ($100,000 x 0.2).
Key Takeaways Diversification is vital: Relying solely on Airbnb can leave propertymanagers vulnerable to policy changes and market volatility. If you are a propertymanager looking to expand to other platforms, exploring alternatives to Airbnb is a critical strategy. Why look for Airbnb alternatives?
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