2023 AppFolio Property Manager Benchmark Report: Growth Outlook Is Positive Among Property Management Organizations Despite Broader Economic Challenges
SANTA BARBARA, Calif., Jan. 24, 2023 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ:APPF), a leading provider of cloud business management solutions for the real estate industry, today released its inaugural Property Management Benchmark Report, which examines property management industry sentiment and outlook for 2023.
According to responses from nearly 5,000 employees at U.S.-based property management companies, there is a strong sense of optimism – one that significantly surpasses other industries – even as challenges such as delinquencies, hiring difficulties and inflation (the three most frequently cited concerns) persist:
“Property managers see the challenges before them, but still view 2023 as a year of growth, whether that means expanding their portfolios, hiring new staff and improving culture, or streamlining and automating existing processes to create a more efficient organization. Notably, there’s a strong focus on staff happiness and hiring new employees — it’s encouraging to see the property management industry contributing to U.S. job growth,” said Shane Trigg, General Manager of Real Estate at AppFolio. “We are thrilled to power the industry leaders that look at the projected challenges of 2023 not just as something to overcome but as opportunities to improve and thrive.”
Other notewothy takeaways from the 2023 AppFolio Property Manager Benchmark Report include:
Download the 2023 AppFolio Property Manager Benchmark Report to review additional findings and insights.
About AppFolio, Inc.
For more information, please contact: Mission North for AppFolio [email protected]
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