Episode Details

Learn from Steve Murray of REAL Trends about what research says about the future of property management and where it is heading.

You'll Learn...

• REAL Trends is a research firm worth following 1:51 
• The demographic shift toward renting 3:45 
• Causes for lower home ownership driving the rental increases 5:14 
• Insights from the informal poll at NARPM Broker owner conference of 600 managers 6:51 
• Factors driving a healthy long-term rental market for single-family residential. 7:29 
• Property Management industry compared to Real Estate Brokerage industry. 9:10 
• The ideal client - When property management becomes necessary for investors 9:58 
• Vacation rentals and alternatives to long-term rentals 10:54 
• There will be a lot of renters, but what about property inventory? 13:03 
• Consolidation through acquisition is a trend 13:48 
• The barrier to entry into property management low, but... 15:23 
• Staffing costs are increasing 16:51 
• Flipping vs buy and hold 19:18 
• Inventory for renters vs. the demand for rental homes 20:07 
• Property management is tough - what is the good news for the future? 20:52 
• An idea for targeting brokers 22:55 
• Property Management is an industry in its infancy that presents an opportunity 24:08 
• A novel idea for targeting developers and new homes 26:44 
• The surprising fastest growing group of renters - accounting for half of all growth in renters! 27:39 

Tweetables

"The larger you get, the better the margins."

"The barrier to entry is low for property management, but legislation, liability, and staffing costs, are increasing."

Resources

http://REALTrends.com