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Despite shifting market conditions, the property management industry continues to grow at a stellar rate. According to Buildiums 2025 Property Management Industry Report , 82% of the management companies we surveyed experienced portfolio growth within the last two years. Here are the top six trends weve identified for this year.
When the Fair Housing Act (FHA) comes up, the conversation typically centers around leasing, advertising, or resident interactions. But an often-overlooked aspect is how maintenance services, including unit repairs, are handled. When a Maintenance Delay Becomes a Legal Concern Delays in repair work are part of property operations.
Find out how to handle lease violations that increase during the summer, like unauthorized guests, extra vehicles, barbecues, noise complaints, and extended tenant absences. Summer has a way of bringing out both the best and the busiest parts of property management.
Ray Hespen, who is a frequent flier on The Property Management Show, joined us again to discuss maintenance metrics and how measurement improves resident satisfaction and owner NOI. The last time he was on the podcast, in late 2023, his team was just beginning to establish this concept of maintenance analytics.
Propertymaintenance might just be one aspect of property management—but when it’s mismanaged, the consequences can snowball fast. Using propertymaintenance software is a surefire way to stay ahead of these issues—and there are a few companies out there that make doing so easier than ever.
Maintaining a rental property is not just about fixing issues as they arise, but it is also about proactive care to preserve value and maximize profitability. At BFPM, our experience with diverse maintenance challenges has shown that a structured approach makes property management smoother.
They maintain property value, protect tenant safety, and deliver service that keeps residents happy and loyal. Traditional manual maintenance processes—paper work orders, phone calls, spreadsheets—often slow operations and cause errors or delays, especially as unit numbers grow.
As a residential property manager, your role bridges the gap between property owners and tenants, and how well you manage this connection can shape the experience of everyone involved. In this post, well walk you through the key areas of propertyleasing & management. Tenants should know whats expected upfront.
As the property management industry continues to evolve, so does the technology that supports it. One prime example of this change is the increasing variety of property management leasing software that promises to speed up the leasing process and reduce your workload in the process. Youll never miss a deadline again.
As a property manager, leasing is always a top priorityafter all, without tenants, theres no income. But a successful property management strategy goes beyond filling vacancies. This means balancing leasing with maintenance, tenant relations, financial management, and legal compliance.
Property management software (PMS) has become a must- have for landlords who want to streamline operations, manage their tenants, and maintain organized finances. But with so many property management tools available, how do you choose the right one? What Sets Innago Apart as the Best Property Management Software?
Property managers are under pressure to do more with lessfrom labor shortages to rising costs. What Is AI in Property Management? In property management, these abilities are used to optimize workflows that would otherwise take longer. If you automate too much, you could end up losing business.
Property managers—particularly those looking to grow—can use a rent roll to keep track of money collected from residents, look for potential problems with vacancies or turnover, compare rent and fees to market prices, and look for opportunities to increase revenue from individual units or even entire properties. What Is a Rent Roll?
Tracking payments, handling lease agreements, responding to tenant inquiries, and staying on top of maintenance requests often leads to a never-ending cycle. Rental leasing software can transform the way landlords manage their businesses, making tasks easier and faster to complete.
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Lula is excited to announce that Bridge Homes, a leader in high-quality single-family rental homes, has chosen Lula as its maintenance source provider for its Atlanta properties. The post Lula Selected as Maintenance Partner for Bridge Homes’ Atlanta Portfolio appeared first on Lula.
Having trouble finding simple lease agreement templates you can trust? The internet is full of free lease agreements, and theyre easy to find. But how can you be sure that a free lease agreement is legally compliant without hiring an attorney to review it? An attorney can always prepare lease documents for you.
Tim Wehner is a former president of the National Association of Residential Property Managers (NARPM ). While hes no longer on the National Board of Directors, his experience in property management and expertise on all things NARPM make him a valuable source of information. Start us off right, Tim! Tim : Absolutely.
Email marketing is one of the most powerful and cost-effective tools available to property managers looking to grow their business, nurture client relationships, and streamline communication. In this guide, well walk you through the essentials of email marketing for property management companies.
The property management industry has changed a lot in recent years. Today, automation stands out as one of the best tools residential property managers can use to improve their operations and enhance residents’ experiences. This post explores the key ways automation boosts property management operations and benefits residents.
Managing a rental property comes with more work than most people expect—advertising vacancies, answering calls, showing units, and sorting out lease paperwork. Instead of juggling it all, many landlords turn to leasing agents for help. But what does a leasing agent do, how much do they charge, and is hiring one worth it in 2025?
In property management, ensuring a safe and respectful living environment isnt just about reacting to problemsits about preventing them before they arise. A property management company that fosters accountability and respect will naturally have fewer fair housing complaints. This starts with leadership.
Some people sublet their units, others turn them into short-term rentals, and then there’s one you might not have heard of yet—a master lease. So, what exactly is a master lease in real estate? What Is a Master Lease in Real Estate? How Does a Master Lease Work? Now, what about property taxes?
Effective crisis management is essential in property management to handle unexpected challenges like natural disasters, maintenance emergencies, resident disputes, and financial setbacks. A solid strategy prevents property damage, financial loss, and resident dissatisfaction. What is Crisis Management in Property Management?
Lease renewals and rent adjustments are one of the most challenging aspects of property management. Numerous factors could lead to complications, rendering them difficult for both property owners and renters. Here are some innovative strategies for lease renewals and rent adjustments that are fair and financially effective.
In today’s fast-paced real estate landscape, property managers are expected to juggle a growing number of responsibilities—everything from tenant communications and maintenance coordination to financial reporting and marketing. Enhance Tenant and Owner Communication Clear, timely communication is essential in property management.
Artificial intelligence (AI) is quickly becoming more than a buzzword in property management—it’s evolving into a practical tool used across leasing offices, maintenance departments, and accounting teams.
Running a property management company often means either handling or delegating several different roles at once. This post takes a deep dive into property management workflow automation, including what it is, how it works, and the kinds of processes you can redesign to be more efficient. We won’t focus on specific tools here.
The financial health and growth of property management companies is more closely tied to resident experience than ever before. Effective maintenance significantly reduces churn, with satisfied residents being 38% less likely to consider moving.
Managing apartment buildings means juggling leasing, maintenance, accounting, resident communication, owner relations, and countless other tasks. To tackle all of this while maintaining a consistently high level of service, you’ll need apartment property management software. Leasing and Document Management Paperwork takes time.
High tenant turnover costs multifamily property owners in Southern California thousands of dollars each year. Whether you own property in Los Angeles, Orange County, or Long Beach, each move-out brings not only vacancy loss but expenses for repairs, cleaning, marketing, and staff time. At BFPM Inc., What BFPM Inc.
Because of their capacity to improve an investors cash flow, generate multiple streams of income and boost their net operating income (NOI), multifamily properties are a popular type of real estate investment. Are you taking that big step and purchasing your first multifamily property? Get started by viewing .
Acquiring property without buying it outright sounds too good to be trueuntil you learn about ground leases. For investors looking to build without spending millions on land, or landlords who want a more passive investment, this kind of lease could be the golden ticket. Main Takeaways What is a ground lease?
As a residential property manager, you have a front-row seat to one of the best opportunities for building wealth: owning rental properties. Every day, you help property owners grow their assetsso why not start doing the same for yourself? You already know how to handle tenants, maintenance, budgeting, and legal compliance.
When most people hear the word lease, they assume it means something long-term. After all, isn’t every lease fixed? In real estate, there are two main types of leases: fixed-term and month-to-month (also called periodic leases). Today, we’re focusing on fixed-term leases — the ones that lock in a set start and end date.
From Chaos to Clarity: How to Create a Remote Team Playbook for Your Property Management Business In todays evolving industry, property management companies are increasingly shifting to remote teams to improve efficiency and tap into a wider talent pool. Define your: Company vision What makes your property management company unique?
If youre a landlord with just one or small portfolio of properties, managing your investment can quickly dominate your time. The good news is that theres specialized software out there designed to help simplify many aspects of property management.
With new property management software platforms and features popping up all the time, automated property management systems have moved from the realm of ideas and marketing promises into real, concrete businesses strategies. This post explores examples of automated property management systems across the full spectrum of operations.
AI and Remote Hiring for Property Managers The property management industry is evolving at lightning speed. These innovations go beyond industry buzzthey offer real, practical solutions to help property managers optimize operations, improve communication, and reduce costs.
The property management world changes quickly as technology moves forward. Keeping up means learning about the latest proptech trends shaping how we manage, lease, maintain properties, and engage tenants. It focuses on fresh ideas and innovations that will reshape property management.
Property technology often called proptech covers a range of technologies, many of which have an outsized impact on property management. For property managers, understanding proptech and the various tools and platforms that fall under its umbrella helps you stay ahead of the curve, save time, and improve tenant experiences.
If youre managing rental units, commercial spaces, or mixed-use properties, a solid understanding of proptech and how to use digital tools effectively comes with the job description. This guide dives deep into the realities and opportunities of proptech for property managers ready to move beyond basics.
Property management has changed fast. And property managers need tools that help them keep up without burning out. Now: Organized, Instant, and Easy to Track Today, technology in property management bring all tenant conversations into one place. Scenario: A tenant submits a maintenance request through a mobile portal at 7 p.m.
Did you know that two-thirds of rental owners expect top-tier customer service from their property management company? Why Personalized Service Matters in Property Management Every property owner has unique goals and needs, which is why personalized service is a must-have in todays market.
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