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You Ask, We Answer: Top Property Management Software FAQs

Yardi Breeze

We get a lot of questions from property managers about Yardi Breeze and Yardi Breeze Premier. To help you out, we assembled a list of common property management software FAQs below. By setting it up as an automated task, the system runs the monthly posting for all your properties on the designated date.

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. For 2024, the form looks like this: What Is a 1099-NEC form? The IRS makes (typically small) adjustments to the 1099-MISC form each year.

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6 must-know trends for efficiency-minded property managers with large portfolios

Buildium

For example, data analytics can help pinpoint what you should charge for services, the most effective leasing strategies, or what market to invest in next. And that’s exactly where property management software can prove invaluable. In fact, as of 2024, 24% of property management companies are using virtual assistants.

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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. But rising costs arent the only thing putting pressure on third-party property management companies profitability. 41% will expand the services they provide.

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Tenant Retention 101: Essential Tips for Property Managers

BetterWho

This guide will show you practical strategies to keep tenants satisfied and loyal in 2024. They can log in, pay rent, or request a repair while you manage everything from a single dashboard. Automated systems: You can automate reminders for rent payments, lease renewals, and maintenance schedules.

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ICYMI: Rent Manager Release Notes Recap Q4 2024

Rent Manager

So, were recapping our most recent Release Notes updates to share new processes and workflows that can […] The post ICYMI: Rent Manager Release Notes Recap Q4 2024 appeared first on Rent Manager Property Management Software.

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Multifamily housing trends to expect in 2024

MRI Software

As we look towards 2024, a few key trends are emerging, driven by changing renter preferences, technological advancements, and societal shifts. For property managers and management companies, staying ahead of these trends is crucial for success and growth. The landscape of multifamily housing is constantly evolving.