2023 was another rocky year for the housing market. Rental market trends were driven largely by inflation, shifting demographics, scarcity in housing, and a rise in the cost of just about everything. Those trends, however, didn’t necessarily spell bad news for single-family rentals, and as we leave 2023 behind, single-families are well-positioned to remain strong in 2024. Couples and families looking for a house of their own have had to defer their dream of homeownership. And while renters, particularly young professionals, have begun a slow return to more urban areas, where multifamily rental ..read more

As property managers, we work in a world where renters are looking for dynamic content—rental reviews, social integration, 3D walkthroughs, and other interactive media—that gives them more than the number of bedrooms and baths. Today, web traffic is as important as foot traffic in getting units filled. So, where should you focus your attention? Below, we’ve listed the 25 best rental listing sites and what each brings to the table for your business: 1. Your Website Your website should be advertising central for your rental property listings. This is where you can feature photos, videos, 3D tour ..read more

In April, 2021, California real estate billionaire Rick Caruso announced his company would begin accepting Bitcoin for rent payments. In March, Morgan Stanley announced it would provide access to Bitcoin funds for wealth management clients, making it the first U.S. bank to do so. What once seemed like a shady currency meant for the darker parts of the web is now going mainstream. In fact, 16 percent of Americans have invested in cryptocurrencies such as Bitcoin, according to a Pew Research study, and even entire nations are giving it legitimacy. With Bitcoin and other cryptocurrencies growing ..read more

By: Laurie Mega According to the 2022 State of the Property Management Industry Report, the number of renters living in single-family rentals has risen steadily for the last several years. And further fueled by the pandemic, it’s no secret or surprise. This trend, combined with changes brought about by the pandemic, like the demand for rentals with more space in less-populated locales and owners becoming more investment-minded, has had a strong impact on manager-owner and manager-resident relationships. Owners look to property managers to help them navigate myriad new laws and restrictions, wh ..read more

  On November 15 and 16, the property management community came together to share their expertise and explore how technology can solve some of the most pressing challenges facing individual businesses and the entire industry in Buildium’s first-ever PM Nation user conference. More than 350 attendees—including property managers, investors, HOA leaders, and sponsors from 46 states and internationally—converged in Boston to network face-to-face, get filled in on the latest industry research, and sharpen their strategies for succeeding in 2022. From investment opportunities and top renter pr ..read more

By: Laurie Mega It’s so easy to get caught up in the everyday logistics of property management. Focusing on rent and fee collection, marketing to attract tenants, and communication with owners can take the spotlight off the health of your core asset: your business. “At the end of the day, if you’re the CEO of a property management business, your number one job is to own the financial outcome of the business,” says Daniel Craig, CEO of ProfitCoach and lead author of the NARPM Accounting Standards. After the uncertainty of, well, everything during the pandemic, property managers are keeping a cl ..read more

By: Laurie Mega Managing multiple locations can be a constant juggling act, particularly if you have locations that fall across city, county, or state lines. You may be using different marketing strategies to reach different audiences and there are more than likely to be tax, security deposit, eviction, and even waste disposal laws that are unique to each of your locations. Using the right software can solve many of the most common problems larger property management firms face. A purpose-built property management software solution can help multi-location property managers handle all locations ..read more

By: Laurie Mega No matter how hard a property management software solution tries, it can rarely solve every single pain point for every single property manager out of the box. There are always workarounds to capture information left out of the system, or to set up workflows unique to your business. This is particularly true for single-family property managers, who may be dealing with multiple owners of one-off properties, or HOAs with unique rules and regulations. Even when a software solution is as customizable as Propertyware, there still may be a few aspects of your business you’re still us ..read more

By: Laurie Mega This is the fourth in a series of posts to help single-family property managers make their leasing processes more efficient, reduce costs, and increase profits. This article will highlight the top lessons taught by Propertyware’s training team and focus on move-out process enhancements by way of technology. When you, your tenant, or your rental owner decide to terminate a lease, it sets in motion a move-out process with several stages. Often, this can feel like a rush to the finish line because there’s so much your team has to get right in a short amount of time to avoid too ma ..read more

By: Tony Maiella When you’re thinking about a property management software platform – especially one as flexible, customizable, and powerful as Propertyware – you’re bound to want to thoroughly analyze what it can do for your business. With that in mind, we sat down with the Propertyware partnerships team to answer the most common questions they get from potential clients who are kicking the tires.  Looking for a Propertyware FAQ? You’re in luck. When you say that Propertyware’s software is customizable, what do you mean? We like to say that Propertyware allows you to do business your way ..read more