DGS 12: The Future of Property Management with Steve Murray

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