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How AI is helping property managers meet a challenging market

Housing Wire

The property management landscape is evolving rapidly, with rising costs, shifting renter expectations, and increasing competition pushing industry professionals to rethink strategies. Forty-eight percent of property managers are looking for opportunities to reduce cost year-over-year, and 42% want to streamline maintenance operations.

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Property management software: Why more Americans firing their property managers

Housing Wire

Hiring a property manager to handle day-to-day operations may seem like the best way to alleviate the stress. Traditional property managers are expensive, and with high interest rates and expenses, potential profit margins for rental property owners can be slim to none. The challenges mount from the jump.

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Evernest acquires Poplar Homes and $15M in tech-focused funding

Housing Wire

Property management company Evernest announced on Wednesday its largest acquisition to date. The company will acquire tech-enabled property management platform Poplar Homes alongside $15 million in growth-centered funding. The company’s management portfolio will reportedly rise to 230,000 units across 50 markets.

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Rethinking resident experience: Why consumer tech trends matter now more than ever 

Housing Wire

Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. As a result, today’s consumers now expect the same seamless digital experiences in all areas of their lives, including rental management.

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Seize the student housing surge: A guide for property managers

Housing Wire

Growth in the off-campus student housing market creates massive opportunities for property management companies. Many property managers are looking to enter this market for the first time. Property managers must consider fundamental operational changes and take specific steps before testing this market.

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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 smart home technology increases property value in a challenging market

Housing Wire

Over the past few years, we’ve seen an increased demand for smart home technology as consumers continue to embrace a digital lifestyle. Now, however, renters actually expect to see this technology in their living spaces.”. Why smart home technology now?