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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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Coldwell Banker Realty adds top agent in Northern California

Housing Wire

She transitioned to real estate sales in May 2022 after a three-year career in property management. “As a Bay Area resident for the past ten years and with a background in property management, I understand the neighborhood and property values of the area.

Agents 430
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Worth Clark’s Ryan Michaelis talks recruitment strategy and brokerage growth

Housing Wire

His career started in property management before he made a transition to Worth Clark as a property management agent. Once the company decided to leave property management behind and lean into real estate sales, Michaelis adopted many other roles and supported Worth Clark along the way.

Brokerage 435
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Waltz launches streamlined financing option for international homebuyers

Housing Wire

property,” Yuval Golan, founder and CEO of Waltz, said in a statement. ” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. . Miami -based startup Waltz Inc. A digital U.S.

Finance 447