A new report shows a trend to more professional property management moving from 30% of rental properties in 2017 to 36% in 2024.
“This reflects not only an increase of 1.3 million properties under professional management but also a broader trend of investors turning to property management solutions to navigate a complex and evolving real estate landscape,” the report says.
The Property Management Trends Report show the shift toward professional management, details key insights into the residential property management industry, and reveals the increase in the number of properties managed by professional third-party property managers across the United States.
The research was designed and fielded by The Harris Poll in 2017 to gain insight into the industry shifts that have occurred since the last known census of self-managing landlords. It was also fielded by The Harris Poll under the title “The Iceberg Report: An Analysis of the American Single-Family Residential Investment Industry,” sponsored by Real Trends and NEXZUS Publishing.
“The Property Management Trends Report: The shift toward professional management in Single-family rentals” was sponsored by LeadSimple and Peter Lohmann’s Newsletter and co-authored by Jordan Muela, CEO of LeadSimple, Peter Lohmann, CEO of RL Property Management, Jay Parsons, head of investment strategy and research at Madera Residential and Rob Hahn, managing partner at 7DS Associates.
“Investors today face more than just property upkeep; they’re navigating a landscape where regulatory, economic and market dynamics are in constant flux. This report highlights the clear, data-backed advantage of investors working with property management partners who bring stability and efficiency,” Parsons said in a release.
Hahn added, “This study is an important contribution to the field of property management, which may be changing more rapidly in the years ahead. The data should help inform both investors and property managers about what is truly important and what is not. Our study shows that the human elements – experience and reputation – are most important.”
According to the report, the value property managers bring goes beyond operational efficiency. “Property managers do more than simply collect rent; they’re partners in enhancing the performance of the assets they manage,” Muela said in the release. “Our findings show that property management professionals are instrumental in driving property performance, especially as investor priorities shift toward increasing profit margins and mitigating risks.”
Learn more here https://www.profitablepropertymanagement.com/.
