Three Must-Know Property Management Trends For 2023

Three must-know property management trends for 2023 include portfolio expansion as a top item, according to Buildium’s 2023 Property Management Industry Report .

Here are three of the property management industry trends that the report says will exert major influence over the way in which small and mid-sized companies do business in 2023 and beyond.

No. 1 – Property management portfolio growth

The report says, “Looking specifically at small property management companies who manage rental properties owned by third parties, 92 percent plan to add new doors to their portfolios in 2023 and 2024.

A majority of respondents “said their companies plan to grow by a significant amount—a term that most respondents defined as an increase in the size of their portfolios by between 26 percent and 50 percent.

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