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Generating enough revenue to compensate for rising costs remains a top challenge for propertymanagement companies in 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. 41% will expand the services they provide.
Michael owns and operates multiple businesses, including an interior design company, a coaching business, and a collective of businesses centered around a propertymanagement company. In 2021, he created BNB Investor Academy to help others learn how to invest in and manage rental properties.
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.
Lets take a look at what bonus depreciation actually means for propertymanagers, what qualifies for a deduction, and the easiest way to start saving. How does this benefit you as a propertymanager? But wait, we just said that residential rental property has a useful life of 27.5
High turnover can drain your finances and disrupt your propertymanagement workflow. 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., in 2022, which is much better than the average of 19.5%.
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.
By: Laurie Mega According to the 2022 State of the PropertyManagement Industry Report , the number of renters living in single-family rentals has risen steadily for the last several years. Meanwhile, propertymanagers are working more closely with residents to keep them in their units despite income loss.
By: Laurie Mega It’s so easy to get caught up in the everyday logistics of propertymanagement. At the end of the day, if you’re the CEO of a propertymanagement business, your number one job is to own the financial outcome of the business,” says Daniel Craig, CEO of ProfitCoach and lead author of the NARPM Accounting Standards.
million in 2022. For multifamily propertymanagers and landlords, this growing demand is paired with the challenges of high construction costs and long project timelines. This makes modular homes a game-changer for multifamily propertymanagers juggling tight deadlines and budgets. million homes in 2021 to 4.5
PropertyManagement profitability is, of course, how much money a propertymanagement company keeps of their revenue after their expenses. The big question is: How do propertymanagement companies increase profitability? How do PropertyManagement Companies Make Money? Seeing whats possible.
In this blog post, we will explore seven of them, focusing on the intersection of single-family propertymanagement and the evolving rental landscape. applied for more single-family permits than they have since May 2022. This tech-driven approach will improve tenant experiences and make propertymanagement more efficient.
In 2022, RV/boat storage properties accounted for $556.1 Yardi Matrix data shows that the average price per acre of RV and boat storage properties dropped to $627,283, reflecting a softer market. While youre at it, show off the propertymanagementsoftware you use to stay connected with your customers.
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