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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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Report: Property Management Market size to grow by USD 49.45 Billion During 2022-2027 

Realty Biz

The Property Management Market will likely see a USD 49.45 Several factors influence this growth, including: Adherence to industry and government regulations for property listings; The growing importance of customer-centric business operations; And increased awareness of the benefits of property management software.

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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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Indie brokerage Nationwide Real Estate Executives joins eXp Realty

Housing Wire

In addition to the brokerage, Owen also owns a property management company, an escrow firm, a commercial real estate arm and a design-and-construction firm. I have all this talent and all these students that I can plug into eXp systems,” Owen said in a statement.

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How Will Rent Control Impact Property Management Companies in 2020?

App Folio

Rent control is a controversial topic in the real estate world, since market changes in this area can have a dramatic impact on both investment and property management businesses. . Regulations May Pressure Owners and Property Managers to Keep up With Rent Increase Caps.

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What Property Managers Should Know About the Low Income Housing Tax Credit Program

App Folio

With a national shortage of more than 7 million affordable rental homes for low-income families, there is a significant need for investors and property managers to focus their attention on new affordable housing projects that will serve those who need it most. According to the NLIHC , 71% of extremely low income households in the U.S.

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NAHB: Multifamily Construction Sentiment Showed Improvement in Third Quarter

RIS Media

The MPI is a weighted average of three key elements of the multifamily housing market: construction of low-rent units-apartments that are supported by low-income tax credits or other government subsidy programs; market-rate rental units-apartments that are built to be rented at the price the market will hold; and for-sale units-condominiums.