2023 HOA Management Challenges The set of challenges that homeowner association boards and management staff contend with every year does change. Economies change, regulations and technology change, and new associations form. These changes really reflect what's going on in the property management industry. We all get caught up in the clutter of work responsibilities, forgetting…
How Will Rising Interest Rates Affect the Rental Market? The US central bank is using interest rates as a way to control inflation, including home prices and rent price inflation. Yet this teeter totter mechanism is a top-down force that may not mesh well with what's actually happening in markets. And landlords and tenants both…
Gearing up for the Big Move of Renters 2021 and the pandemic had its big renter migration event, and wouldn't you know it's continuing, but in a different form in 2022/2023? What's driving it this time is the cost of living, and soon, employment. If employment levels weaken in 2023, many renters could decide to…
Helping Businesses Beat Inflation It's not only consumers and renters who face business pressures related to rising prices on goods and services. Property managers too are seeing higher materials, fuel and energy costs, contractor fees, staff wages, and more expenses eating into their bottom lines. Zillow reported rental property management operating costs ranging from 35%…
Resolving the Worst Pains of Property Managers Finding better ways to improve operations efficiencies is likely the number one objective of smart property management pros this year. Why? Because reducing workloads cuts costs which allows you and your staff to get to those tasks and projects that matter to business success. Business success is everything.…
15 Trends for Property Managers With the Covid pandemic receding in 2022, property managers will see their roles, challenges and opportunities change. But is it roles or goals that are the key issues? While profitability declined as a priority for property management companies during the last two years, there's little doubt it will re-emerge. With…
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