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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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How to minimize tenant turnover using online property management tools

Housing Wire

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 property management business, with the average turnover costing more than two thousand dollars.

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

Housing Wire

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. When asked why it takes an average of six to seven weeks to get to closing , there are a lot of complex (and honest) answers. But there’s also room for improvement.

Closing 488
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Opinion: More should be done to shorten the average time to close

Housing Wire

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. When asked why it takes an average of six to seven weeks to get to closing, there are a lot of complex (and honest) answers. But there’s also room for improvement.

Closing 459
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This real estate pro is taking an ‘enlightened’ approach to diversify revenue streams

Housing Wire

Brady, the broker-owner of Partners Real Estate Group , already had a property management arm for his business through Progressive Property Management. Ive been in real estate since 1997 and Ive been in property management since 2012, Brady said.

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Why your real estate team won’t scale without partnerships

Housing Wire

These partnerships can take various forms including partnerships with mortgage brokers , title companies , property management firms, insurance providers, contractors, lenders , or technology vendors. Technology and automation Technology is vital for streamlining processes, managing leads, and communicating with clients.

Branding 310
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57 crucial real estate statistics that explain the 2025 market

Housing Wire

There is currently an inventory of 642,359 properties. 34% of properties have seen a decrease in price; 3% of properties have seen a price increase. 10% of properties have been relisted. There is an endless supply of real estate statistics out there, but what the heck do you do with all of them?

Marketing 344