What are the top challenges facing property management companies today?
In 2021, AppFolio partnered with National Apartment Association (NAA) to learn about the top challenges facing property management companies. Now, in 2022, a new set of challenges have emerged for property managers, including record inflation rates, increasing wages, and rising costs due to global supply chain distribution issues. So it’s no surprise that in the second edition of the Property Management Industry Pulse, we found that reducing and controlling costs is one of the top challenges facing property management companies.
In this episode of The Top Floor, we sit down with Stacy Holden, Senior Director of Industry Principal at AppFolio, to see how property managers can dial up their operational efficiency by reducing and controlling costs. We also explore how they can lay the groundwork for more effective budgeting and spending in the future.
Maximizing Efficiency: A Data-Driven Look at What’s Holding Property Management Businesses Back: https://www.appfolio.com/blog/2022-top-property-management-challenges/
2022 Property Management Industry Pulse report: https://info.appfolio.com/APM-CD-ASSET-TopChallengesIntegrationsResearch_etb_content_download_form_lp.html