Despite shifting market conditions, the property management industry continues to grow at a stellar rate. According to Buildium’s 2024 Property Management Industry Report, 85% of the management companies we surveyed experienced portfolio growth within the last two years. And 92% of property managers told us they plan to expand their portfolios in the next two years. Here are the top six trends we’ve identified for this year. From renters wanting to embrace technology throughout their property search and leasing process to property managers finding ways to increase tenant retention in light of ..read more

When you think of a rent roll and rent roll analysis, you probably think of investment opportunities. But a rent roll isn’t for investors only. Property managers—particularly those looking to grow—can use a rent roll to keep track of money collected from residents, look for potential problems with vacancies or turnover, compare rent and fees to market prices, and look for opportunities to increase revenue from individual units or even entire properties. A rent roll analysis on multi-family properties is especially helpful, since it allows you to look at multiple units all at once. In this arti ..read more

 Every year, Buildium asks thousands of property management professionals how much their companies have grown over the past year, and how much they plan to grow in the year to come. This year, 89% of third-party property management companies reported that their revenue had increased over the last two years—more growth than we’ve seen in our previous seven years of surveys. And we found that 94% expect their revenue to increase in the next two years, with 41% anticipating significant growth, while 50% plan to grow at a slower pace. But companies also feel like they’re fighting an uphill ..read more

According to Buildium’s 2024 Property Management Industry Report, 95% of rental owners are comfortable doing business with property managers online, marking a 15 percentage point increase from 2023. This familiarity is creating new expectations for property managers to bring their business operations fully online. Modern tech solutions are making it easier for property managers to meet those expectations. One particular area that’s seeing an influx of time-saving technology is leasing. In this post, we’ll cover the most popular prop-tech trends in 2024, including the types of tools poised to h ..read more

If your property management company is looking to expand in 2024, you’re in good company—so are 92% of your peers. But you’re also not alone if you find yourself needing new tactics to make that growth happen this time around. Let’s start at the beginning: Property managers’ focus on portfolio growth is nothing new. 2024 marks the sixth year in a row that growth has been companies’ number one priority in Buildium’s annual survey of thousands of property management professionals. And it’s the third year in a row that more than 90% of companies report that they plan to expand their portfolios ..read more

Compare the features and benefits of 4 of the best property management CRM platforms of 2024, including Buildium, Propertyware, and more ..read more

Buildium vs Appfolio: Which the best property management software for you? Read our in-depth comparison of key features and pricing ..read more

When leasing season rolls around, your already long to-do list may not include your marketing strategy. But you know how important these next few months are to your bottom line, and marketing plays a big role in that. Rental property marketing is a powerful tool for attracting high-quality potential renters and getting them into your units when competition for their attention is at an all-time high. Whether you’ve hired a marketing agency or you’re doing it yourself, these are the rental property marketing ideas that every property manager needs this leasing season—and throughout the year. Aud ..read more

Read on to learn the specific ways rental property leasing technology and resident retention software can help you create the kind of experience you want for your applicants ..read more

If you’ve kept up-to-date with business trends over the past year, then you’ve probably encountered more than a few stories with headlines like “how the latest AI tool is poised to revolutionize ‘X’ industry”, or “why AI will eventually make your job obsolete.” While these topics may inspire some interesting debates, they rarely have an immediate impact on how you do your job…for now. AI truly is revolutionizing the way people work a wide array of industries. It’s only a matter of time before it has direct effects on property management. That begs the question: “What are the practical uses for ..read more