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Multifamily propertymanagers 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 propertymanagement company executives can quickly become overwhelmed handling all the moving parts required to run the company.
The new CubiCasa Tour product will create interactive, virtual property tours within minutes. The new product uses similar software to CubiCasa’s Floor Plans, another virtual listing tool that builds floor plans in five minutes or less. Allen said that CubiCasa’s new tool is uniquely positioned to level the playing field.
Hiring a propertymanager to handle day-to-day operations may seem like the best way to alleviate the stress. Traditional propertymanagers are expensive, and with high interest rates and expenses, potential profit margins for rental property owners can be slim to none. Thats where TurboTenant comes in.
Tenant turnover happens when the current tenants move out of a rental property and the property is now vacant and it needs to be prepared for new tenants to move in. Turnover is one of the most costly aspects of the propertymanagement business, with the average turnover costing more than two thousand dollars.
“We want to harness AI to empower both propertymanagers and renters in a whole new way,” Zumper co-founder and CEO Anthemos Georgiades said in a statement. Propertymanagers should expect to receive far better informed and quality Zumper leads when Zoe passes them across.”
Growth in the off-campus student housing market creates massive opportunities for propertymanagement companies. Many propertymanagers are looking to enter this market for the first time. Propertymanagers must consider fundamental operational changes and take specific steps before testing this market.
Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for propertymanagers. 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.
All of these factors make it crucial for propertymanagers to boost resident experience and stand out in the market with resident-facing technology. Within the propertymanagement space, these online portals can be used to boost resident experience while also creating efficiencies for operators. Census Bureau.
In the competitive landscape of real estate, leveraging advanced tools and services can significantly impact an agent’s ability to maximize revenue opportunities for themselves and their clients. These educational tools cover various aspects of real estate transactions, compliance, and RES.NET’s technology solutions.
Likewise with our verified renter, leasing and automation tools. For example, if you’re leading someone to your front door, intercom video functionality facilities those key few visual moments. We do the heavy lifting while allowing for human interaction at key moments.
When compared to comparable nearby non-Showcase listings on Zillow, tools like Zillow Showcase, an immersive listing experience, can help increase the number of page views, saves, and shares from buyers looking for houses with those features. The main cause of the increase in concessions is the explosion in multifamily building.
To celebrate this prestigious recognition, HousingWire reached out to 2023 Finance Leader Kevin Thompson , Head of Finance at PURE PropertyManagement to discuss his approach to navigating challenges in today’s real estate market. Nominations are still open for the 2025 Finance Leaders award.
A renter in Seattle last week filed an antitrust class action lawsuit against 18 propertymanagement companies, along with propertymanagement company software Yardi Systems Inc., Yardi marketed its tools to rental companies as a method to “beat the market” and maximize profits.
Truework bolstered its mortgage technology platform by creating a new tool, Truework Intelligence, the company announced on Thursday. The platform will give propertymanagers and mortgage lenders access to a comprehensive, end-to-end verification tool.
RentRedi will now offer NAR members a subscription to its propertymanagement platform at a rate of $1 for the first six months. The platform provides tools for both landlords and renters, which the company said is designed to automate and streamline the management process. “As
Optimize your real estate management with digital forms Propertymanagement and real estate are dynamic industries with responsibilities that constantly shift, ranging from tenant placement to ensuring compliance with real estate board regulations. Ready to take your propertymanagement to the next level?
She transitioned to real estate sales in May 2022 after a three-year career in propertymanagement. “As a Bay Area resident for the past ten years and with a background in propertymanagement, I understand the neighborhood and property values of the area.
CoreLogic, owned by private equity firm Stone Point Capital , offers a national database covering real property and mortgage information. The data company’s clients include mortgage lenders, real estate brokers and propertymanagement companies.
The call for smart home technology is coming from inside the house, as it were — but during times of economic pressure, how can investors and propertymanagers justify the effort and expense of upgrading their communities? It’s a much more cost-efficient way to show properties when we’re in a recession.
Why use LinkedIn for real estate Lets move past the misconception that LinkedIn is only for job-seekers and embrace it as an underutilized tool for real estate professionals. Use this tool when you have something specific and valuable to say or when you want to start a two-way conversation. New agents, thats an invaluable tool for you!
Automation can lead to some serious ROI for propertymanagers and operators, but it’s important to automate the right processes — otherwise, it may feel like you’re throwing money and technology at a problem without solving anything. Where does the ROI come in?
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 propertymanagers.
Nonprofits are increasingly turning to accessory dwelling units (ADUs) as a tool to combat the nation’s ongoing affordable housing crisis. ADUs are smaller, independent living spaces located on the same property as a primary residence, equipped with their own kitchen, bathroom, and sleeping area.
TaskEasy offers API and digital tools for propertymanagement to residential and commercial property portfolio owners. The acquisition aims to provide WorkWave field service customers with local service jobs, allowing them to grow their business while streamlining sales, marketing and advertising expenses.
As real estate professionals strategize on how to do business in 2021’s competitive, fast-paced housing market, they’ll discover the need for better tools to market their listings. Learn how brokers and agents are growing listing visibility among rental properties, attracting more clients in the new year. Presented by: Apartments.com.
Michael has 14 years of experience in the real estate industry, having previously worked at Pennsylvania Real Estate Investment Trust (PREIT), co-founding Six Stone Management Group and investing in his own properties. The housing market will normalize despite politics.
This can be particularly beneficial during slow sales periods, helping agents maintain financial stability while also serving as a lead generation tool for when the for-sale market turns more favorable again. This includes understanding rental market trends, legal requirements, and best practices for propertymanagement.
For propertymanagers, even reducing time spent completing a property contract or rental property agreement by 30 minutes per day per document can open the door for their management firm or business to take on more clients, create a happier work environment for employees, increase customer satisfaction, and much more.
FORCE’s seasoned leadership, who have not only successfully endured, but have thrived in recent years, will curate unparalleled content, and have assembled top-notch experts to empower attendees with the tools needed to propel their business forward.
Multifamily renting An Uber-like experience to match today’s 30 million renters with propertymanagers, Domino would provide tenants with a personalized readiness rating. The renter is presented with results they are prequalified for that fit their criteria and the app connects them with landlords/propertymanagers.
Thankfully, technology will continue to play a pivotal role in not only advancing access and tools but also streamlining real estate processes and improving customer experiences. Tools leveraging AI provide data-driven insights, helping agents and propertymanagers forecast property values, rental demand, and market fluctuations.
Rental application fraud is a persistent hazard of leasing and continues to challenge property agents everywhere. TransUnion commissioned a survey of single-family and multifamily propertymanagers that showed a whopping 97 percent of respondents had experienced application fraud.
Set for Monday-Tuesday, February 24-25 at The Worthington Renaissance Fort Worth Hotel , the 2025 Velocity, A FORCE Conference , is tailored for professionals in REO and the adjacent markets, including agents and brokers, asset managers, propertymanagement, attorneys, and servicers.
Other important items were taking a private tour (62%), meeting/speaking with the propertymanager or landlord (55%) and seeing reviews of the propertymanager or landlord (35%). Real estate advice + top tech, lead gen & marketing tools delivered to your inbox.
This grant is directly aligned with our goal to provide the tools, guidance and resources needed for youth to realize their full potential. Additionally, in 2022 we launched CORE Academy, a workforce training program designed to introduce non-traditional candidates to the propertymanagement industry.
Remote propertymanagement. Since the onset of the pandemic, there has been accelerated demand for propertymanagement solutions that enable smooth and safe re-entry into physical spaces,” the report notes. Digital lease transactions.
Through the merger, Insight Realty agents will gain access to United Real Estate tools including its nationwide referral network, CRM, customizable websites, training, automated marketing and the Bullseye Agent Productivity Platform.
“CoStar and RentPath operate several of the most popular sites, and their aggressive, head-to-head competition has kept advertising rates low while offering consumers a convenient, data-rich tool for finding an apartment. This acquisition will eliminate price and quality competition that benefits both renters and propertymanagers.”.
Clear Capital says it provides property insights that are otherwise unattainable and removes barriers to “transaction information in non-disclosure states,” the release says. “By
Labor costs for propertymanagement have increased nearly 50% in some markets, and security needs and costs have risen, too. At many affordable housing properties, expenses exceed revenues and owners are now forced to feed budgets to cover costs. Rising operating costs add to the pressure. Insurance premiums are up 27.7%
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