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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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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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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.

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The Evolution of Real Estate Technology

Realty Biz

While there are many reasons as to why that is, technology in real estate certainly played a major part. Real estate technology has come a long way in a short time. Today, real estate technology has evolved to include smart phones, real estate robotics, and a host of other innovative technologies. Property Management.

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ChatGPT Best Practices for Landlords and Property Managers

GeekEstate

As a real estate professional, it is your job to stay on top of market trends, pricing analysis, buyer and seller behavior, and tenant needs, and that includes new technology too. Below are ways that I believe ChatGPT can be most useful for property managers and landlords, as well as a few areas of which you should be aware.

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How to Become a Property Manager in 7 Easy Steps

The Close

In my 28-year real estate career as a broker and coach, I have worked with many agents who have asked about either adding property management to their current business or becoming a full-time property manager. From the outside looking in, property management looks easy.

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SPS to acquire Rushmore Loan Management Services assets

Housing Wire

The transaction is expected to close in the fourth quarter of 2022, subject to regulatory approvals. Should the deal close, Rushmore’s servicing division, led by Jocelyn Martin-Leano, will operate as a division of SPS. Rushmore also has a property management division through its subsidiary Dakota Asset Services.

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