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The risks of 1099 contractors in property management

Housing Wire

Multifamily property managers and owner managers face countless challenges and complexities day in and out. From resident relations and legal compliance to property takeover, both established and new property management company executives can quickly become overwhelmed handling all the moving parts required to run the company.

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Property management software: Why more Americans firing their property managers

Housing Wire

Hiring a property manager to handle day-to-day operations may seem like the best way to alleviate the stress. But in todays market, that comes with its own challenges. Traditional property managers are expensive, and with high interest rates and expenses, potential profit margins for rental property owners can be slim to none.

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The intensifying rental market: Why agents must be prepared

Housing Wire

rental market has become more competitive than ever, driven by a combination of rising demand, limited availability due to a lack of new rental housing supply, and regional economic pressures. A market under pressure: rising rents nationwide Rental prices across the U.S. Los Angeles: A case study in market strain On the other U.S.

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Housing Market Forecast: Unpredictable Mortgage Rates to Shake Up 2025

Appraisal Buzz

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” Zillow predicts 4.3

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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.

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Seize the student housing surge: A guide for property managers

Housing Wire

Growth in the off-campus student housing market creates massive opportunities for property management companies. College enrollment is increasing for the first time since the pandemic, driving off-campus student housing revenue that outpaces multifamily rents in the same markets. All-in or testing the waters?

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Evernest acquires Poplar Homes and $15M in tech-focused funding

Housing Wire

Property management company Evernest announced on Wednesday its largest acquisition to date. The company will acquire tech-enabled property management platform Poplar Homes alongside $15 million in growth-centered funding. The company’s management portfolio will reportedly rise to 230,000 units across 50 markets.