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How AI and a changing rental market will shape property management in 2024

Housing Wire

Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for property managers. The second is a more competitive rental market, driven by record-high construction of multifamily rental properties. At the same time, the data suggests several benefits for early adopters.

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Opinion: More can be done to shorten the average time to close

Housing Wire

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. When asked why it takes an average of six to seven weeks to get to closing , there are a lot of complex (and honest) answers. But there’s also room for improvement.

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Opinion: More should be done to shorten the average time to close

Housing Wire

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. When asked why it takes an average of six to seven weeks to get to closing, there are a lot of complex (and honest) answers. But there’s also room for improvement.

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Improving your real estate technology, from search to sold

Housing Wire

There is so much changing every day in the real estate technology landscape, and whether it’s through our HousingStack or our Real Estate D emo Days , we want to help real estate professionals stay current. On Monday, August 31, HousingWire will welcome three companies to present at our next Real Estate Technology Demo Day.

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Switching Property Management Software? Tips for a Smooth Transition

GeekEstate

One key way to future-proof your property management business is to use the right technology. Tenant and owner portals , automated data entry, electronic cash payment services and cloud technology are all examples of recent time and money saving utilities that could benefit your growing business. .

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Property Management Trends That Will Shape 2022

Realty Biz

Property management currently operates in a very aggressive and constantly changing realm. Trends in residential property management, specifically condominium management , revolve around advancing technology and improving renters’ experience. The Rise in Tech Adoption During the Pandemic.

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Five Ways to Boost Employee Retention in Property Management

App Folio

It’s one of the property management industry’s most pressing pain points. . While the average turnover rate across all industries stands at 22% , the property management industry has a turnover rate of 32.7%. . So what can be leaders and managers do to improve retention? Employee retention. Identify what motivates.