Our Property Management Insights

Apartment property managers are burning out from the pandemic, and that’s leaving their companies scrambling to hire during a labor shortage. When you’re in the midst of a labor shortage, hiring a property manager isn’t just another task to take care of — it’s essential to keep your business afloat. It can also be an overwhelming situation when the pressure is high.

Renting out a residential property can be a pain for most property managers. Whether you’re leasing a new property to tenants for the first time or turning over a unit to a new tenant, there’s a long list of property management tasks to take care of before you start collecting rental income.

Property management has always been a field with high employee turnover rates. Historically, they’ve been at a whopping 37 percent. But since the pandemic, those numbers have climbed even higher, and staffing has become a crisis situation among property management companies.

Contactless rental property showings are trending upward, especially during the pandemic. This is a trend that’s here to stay, even post-COVID. If your property management company hasn’t adopted self-showings as a preferred option, you’ll find it more and more difficult to compete with other properties and to fill your vacancies fast.

Whenever you start a new year, it can be valuable to take a look back at the previous year to gain perspective and set your expectations for the days ahead. As we looked back on the property management headlines from 2021, it only took a hot minute to see how much the coronavirus pandemic loomed over the landscape of the rental industry.

Tenant Turner’s Open Doors giveaway began in 2018 as a way for property managers to help deserving renters who had fallen on hard times. The momentum has grown, and this year, over 200 property managers came forward to nominate people in their communities. In partnership with our friends at Rent Manager, we were able to double our impact this year, helping four families with $1,500 toward January rent. Two more families received a $250 Amazon gift card for holiday gifts.

In the traditional way of showing a rental property, a leasing agent meets a prospective tenant at the rental property and escorts them through the rooms. A self showing, or contactless showing, allows prospects to view the property on their own, at their convenience, without an agent.