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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

For example, you can deduct the rent and utilities you spend for an office or other workspace outside of your home. If you rent equipment or vehicles, the rent you pay is fully deductible. If you rent equipment or vehicles, the rent you pay is fully deductible. Mistake #5: Waiting to File 1099s We get it.

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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. With renting being 40% cheaper than owning on average, ensure your pricing remains attractive.

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

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Rising Vacancies, Competition for Renters Challenge Property Management

Rental Housing Journal

Rising vacancies challenge property management the real estate property-management software company AppFolio says in its 2025 Property Management Benchmark Report, based on insights from more than 2,000 property management professionals.

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Managing expense growth: The major costs facing multifamily property owners

MRI Software

Key factors contributing to expense growth in multifamily properties The rising costs of labor, utilities, and materials are driving up multifamily expenses across the board. over a 12-month period through midyear 2023. While this may cover expenses, it can make your property less attractive compared to competitors. each month.