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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 in 2020: How to Creatively Use the Chaos to Come Out Ahead

App Folio

The property management industry has been rapidly disrupted in 2020 in a way no one could have anticipated. Industry Principal Director of AppFolio, Stacy Holden, in this video to discover how you can build workplace loyalty, while orienting your teams towards growth. Listen to Sr.

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Five Ways to Boost Employee Retention in Property Management

App Folio

It’s one of the property management industry’s most pressing pain points. . While the average turnover rate across all industries stands at 22% , the property management industry has a turnover rate of 32.7%. . So what can be leaders and managers do to improve retention? Employee retention. Identify what motivates.

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Expert Tactics to Drive Profits & Create Value in Property Management

App Folio

Being a property manager is a hustle. We speak with experts about where in a property manager’s operation they can find quick, easy-to-apply improvements that boost profits. Additionally, he is the President and CEO of Velo Residential, a property management company based in the Dallas-Fort Worth region of Texas.

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Multifamily Experts Weigh in on the Future of Property Management Post-COVID

App Folio

After Moderna and Pfizer announced results from a large-scale clinical test showing as high as a 94% success rate for a COVID-19 vaccine, experts in the multifamily industry have begun to consider what property management will look like when the pandemic threat eventually subsides. Stacy Holden, Sr. The Virtual World is Here to Stay.

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Why Technology, Culture, and Training Go Hand in Hand

App Folio

Technology has automated many of the tedious, manual tasks for property management businesses, and helped them to significantly improve a range of processes from onboarding and training to leasing and maintenance. Employees no longer prefer to have access to the latest technology to do their job, they expect it.

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In Effort to Drive NOI, Operators Look to Technology

App Folio

In the past year, the multifamily industry has turned to technology to overcome the unique obstacles brought on by COVID-19. We reached out to several real estate executives to find out how they have adapted their operations during the pandemic and how they are using technology to drive net operating income (NOI).