Real Estate News and Market Moves Week 65

NARPM ® (National Association of Resident Property Managers) is the premier professional association designed for real estate professionals who know first-hand the unique challenges of managing single-family and small residential properties. NARPM ® is nationally known with multiple chapters throughout the United States currently representing more than 6, 000 members comprised of real estate agents, brokers, managers & their employees. 

• What was the most impactful presentation you attended this year, and why

Justin Anderson’s presentation on current Market and Industry data.  Justin was able to provide economic and real estate data from the past 100 years in the United States.  He did an excellent job connecting past trends with the current state of the Market.  It was highly informative, and the data was able to show how vast the opportunities will continue to be in the future. 

• What was the most impactful thing you learned about the SFR / MF / BFR industry during this experience? 

The industry continues to grow with local market experts owning and operating professional property management companies throughout the country.  The industry is continuing to evolve with the addition of innovative technology, resources, and education.  These additions will only strengthen the need for professional management of assets in the future. 

• Were any property management “buzz topics” addressed?

Yes, Artificial Intelligence.  Not unique to our Industry, AI (Artificial Intelligence) is the new “buzzword” of all “buzzwords.”  AI has entered our Industry and has provided additional tools to increase productivity of operators.   

However, I fundamentally believe that AI should be used to support our local experts, not replace them.  Our company believes that if you cannot physically visit an asset, you will not get the best performance as an Investor. 

• What was the biggest takeaway or insight gleaned from this year’s event?  

My biggest takeaway is the massive opportunity that exists in our industry.  I continue to be impressed with the growth and knowledge of Owner Operators throughout the Country.  Although the SFR Property Management Industry is only 20-25 years old, we have made dramatic strides as an Industry.

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