Assetsoft is attending YASC 2022 in San Diego between August 31st to September 2nd and we are looking forward to meeting in-person with both current and prospective clients. As always, if you are looking to extend leading property management solutions such as Yardi, we are your trusted partner to get it done on time and within budget.
Anant Yardi, CEO of Yardi Discusses Industry Outlook
Anant Yardi, CEO of Yardi Discusses Industry Outlook
On August 31st, Anant Yardi kicked-off the conference by highlighting his view of the state of the real estate industry, post-pandemic.
Yardi believes that changes accelerated by the pandemic, such as working from home, have triggered a new growth phase as many employees are now free to work from anywhere. This means that they are now looking to purchase properties farther afield, driving up valuations especially in warmer parts of North America such as Arizona and Georgia in the Southern belt.
He also pointed to renewed growth in both multi-family and single-family homes in North America, with 1.2 million new single-family units built in the past year. He estimated that 20 to 25% of these properties have been purchased solely for the purpose of renting them out.
In addition to this “build-to-rent” model, another trend is the emergence of innovative companies that help young people gradually build equity in their homes through rent-to-own models, which could be accelerated through government subsidies and tax incentives.
Finally, Anant highlighted the growing role of technology in the industry, specifically AI, which could help players across the value chain reduce costs, grow revenue, and achieve greater operational efficiency. This could include incorporating Internet of Things (IoT) into properties to enhance property management and increase asset life.
Drop by our Booth at the YASC 2022 San Diego
Drop by our Booth at the YASC 2022 San Diego
Visit our booth at YACS 2022 to learn more about how Assetsoft can help you implement, rollout and maintain Yardi and other solutions or see our website at www.Assetsoft.biz for more information.