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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. Traditional property managers are expensive, and with high interest rates and expenses, potential profit margins for rental property owners can be slim to none. billion by 2032.

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Meeting Renters Where They Are

Appraisal Buzz

Currently, the property management industrys reliance on legacy payout processes can lead to refund errors and delays that inconvenience tenants when moving into their new homes. Evolving Tenant Preferences Today, most renters are digital-first.

Tenants 397
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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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This app lets homeowners generate floor plans of their homes for free

Housing Wire

we’re helping potential buyers make more informed decisions, while empowering agents and sellers to market their properties more effectively, and supporting a modern valuation process for both appraisers and lenders,” said Jeff Allen, president of CubiCasa. How smart home technology can benefit renters and property managers.

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Thoma Bravo acquires RealPage for $10.2 billion

Housing Wire

In January , the company acquired multifamily real estate engagement solution Modern Message. In September, RealPage entered the smart building space and paid an undisclosed amount to acquire Stratis IoT , a property management tech firm based in Philadelphia. RealPage has had a busy year in the acquisition space.

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Zillow, Realtor.com join forces to share 3D home tours and interactive listings

Housing Wire

These statistics highlight shifting preferences for modern consumers who rely on digital tools to make homebuying decisions. In March 2024, the two leading real estate platforms joined up to syndicate Zillow’s multifamily listings to Realtor.com, helping renters to find listings and connect with property managers.

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

Housing Wire

There’s no uniform method of determining if a property management firm represents an HOA and, if so, which firm. There’s no easy-to-access resource advising how to communicate with every HOA or property management firm. Of course, HOAs and property managers are busy and have other priorities as well.

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