Property Management Growth with DoorGrow DGS 12: The Future of Property Management with Steve Murray
Nov 7, 2016
32:41
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
"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."
Resourceshttp://REALTrends.com