Rental Owners’ Pain Points & Areas of Opportunity for Property Managers!
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With every passing year, third-party property managers describe their relationships with their clients as more of a balancing act: They have big plans to grow, but in order to do so, they have to win new, growth-oriented clients in an extremely competitive environment; while also supporting their current clients in expanding and maintaining their portfolios.
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More often than in the past, property managers told us, they need to set accurate expectations for their owners when it comes to the potential profitability of any property they acquire. With margins shrinking and new apps popping up every year, property managers worry that the temptation is very real for owners to run their properties without the assistance of an expert.
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