According to market data, the average income of Airbnb property managers can be $28/hour, but it can even range up to $45/hour. The lowest can even go down to $18/hour. But the state, city and region in which the property is located is also a major factor in their salary. The size of the property is also important in deciding the pay grade of the property manager.  

Like all other real estate property management tasks, Airbnb properties are also commission-based. This commission pay depends on how well the manager works in growing and stabilizing the business. Great customer reviews and the consistent rise of business can also help the property manager make more money.  

No matter the type of real estate property under your portfolio, the Assetsoft team has a plan for all kinds of real estate properties. From managing properties to providing the top technology selection to automating tedious property management tasks, we can do a lot for you. Want to know how we conduct these processes? 

Talk to our team for more. Book a one-hour free consultation call and get in touch with us! 

 When managing multiple properties, any empty site equates to a loss for the company. Vacancies can negatively affect cash inflow and it is crucial to get each property up and running and on the market.  

Property managers can use real estate platforms to let out the property to tenants. When showcasing their sites, the focus should be on the property highlights. For example, an apartment on these platforms can be advertised for its aesthetic layout, proximity to an important center, and even its strong water force. But if marketing or sales are not their strong suit, property managers can use a professional property management firm to advertise their properties.  

The chances of landing such a tenant are higher when overseeing multiple properties. Fortunately, tenant screening software can help weed out risky applicants. Programs like this run a deep web dive to find details about the applicants.  

Tenant screening software can be used to discover the applicant's credit history/score, criminal charges, past rent record, and more. Using these references, a property manager can cut down on the risk of eviction issues for all their properties. 

For these, they can delegate the task to an experienced team member. With reliable assistants/employees, they do not have to make routine inspections of every site monthly.  

However, the team must be competent and professional. The employees should be well-versed in using tenant management programs and owner portals. They should also be able to screen potential clients in the manager's absence. 

Installing CRM software like Yardi can help streamline business management. Programs like this speed up administrative processes by categorizing them under one system. Tech like this allows you to store, access, and share data for multiple properties on a single interface. 

Upgrading to a CRM from a legacy system can help managers deal with the pressures of managing multiple properties. However, the fear of losing decades' worth of contacts can hold them back from installing.  

For example, with the advancements in real estate tech, most leases are signed based only on online interactions. The people sometimes don't even visit the site in person - real estate managers use high-grade cameras to offer virtual tours of the properties to interested applicants.  

With these tools, the human connection between renters and managers is lost. Greeting the tenant on their first day with the keys and some flowers initiates a good rapport between the two. It gives the manager a chance to see the applicant in person if the lease is signed online and vice versa. 

The two parties can also use this time to discuss lease agreements, building rules, management fees, and more.  

Similarly meeting the tenant during their move-out day leaves a lasting impression. Since much of the real estate market relies on word of mouth recommendations, this can have a great impact for the company's reputation. Additionally, the manager can also run property checks, clear outstanding dues, and more during this phase. 

In addition, a property manager should also have a healthy network of vendors to oversee multiple properties efficiently. Service providers are crucial for management, maintenance, and repair. A property manager has to establish and maintain a relationship with local vendors like cleaners, plumbers, electricians, contractors, and more. 

If you're looking to make property management easier, look at implementing real estate software like Yardi or MRI in your business. Talk to us to know more about how we can help with real estate CRM implementation. We are Yardi consultants and MRI consultants that you can trust!

There is absolutely nothing wrong with single-family homes, but as a matter of fact, not everyone wants or can afford to stay in these homes. NAR survey reports say that most Americans spend more than 40 - 50% of their monthly income on finding shelter alone and keeping a roof over their heads. According to New York Times reports, cities like Los Angeles and Seattle have more than 75 - 81% of houses under single-family housing zones. This makes these places quite unaffordable for the rest of the population.  

According to some shocking market surveys and statistics, it turned out that more than 50% of Americans have small households and nuclear families. But, single-bedroom apartments and small apartments account for only 12.5% of the market space. This means that most of the market is taken up by single-family homes. This has led many scientists and real estate business veterans to believe that single-family homes are no longer sustainable. The number of such homes should be reduced to solve the housing issue and make things affordable for the average American.  

No, as per expert reports, banning single-family housing zones is not the answer, but making the laws a little more flexible than before is vital. Reducing the number of single-family homes to accommodate the growing population is the only answer. But some form of reckoning with single-family homes is required to battle the effects of climate change, racial discrimination, and other such issues. 

Boston.com news reports have also mentioned that single-family homes are the biggest reasons behind the American housing crunch. They mentioned that many experts have asked why the nation does not get rid of these housing zones and nip the problem at the root. That is why recently, Minneapolis did away with its single-family house zoning laws. This does not mean all single-family homes will be bulldozed down to rubble. Certainly not. But it certainly means a more flexible scope of growth for all kinds of houses and allows a fair opportunity for people from all walks of life to afford and rent/buy houses.  Cities that are safe in U.S.A are also getting more buyers.

In the older days, most Americans viewed multi-family homes as transition homes, but things are changing now. People are making a conscious choice to buy and rent multi-family housing units. This makes their lives, buildings and houses more sustainable in the long and affordable too. Millennials are more concerned about such things and are investing more time in thinking through their housing decisions.  

Things like community amenities in multi-family homes and not private pools in each single-family home are starting to make sense for Americans. This trend has also given rise to the advent of mixed-use properties where most of life's basic amenities are found within the housing complex. Things like retail shops, shopping malls, food joints, offices and houses are brought under the same housing area. This reduces the overall carbon footprint of real estate and people in general.  

According to CNBC news reports, they state that America is running very low on its housing inventory. It is believed that America is short on as many as 5 million houses on average. More than 12.3 million new households were formed, by only 7 million single-family homes were constructed. Where does the rest of the population go? Is it time to shift drastically from single to multi-family homes? Many experts believe that it is time, and many Americans and American cities are already taking the initiative to make the shift happen.  

World Finance reports have found that the housing prices in America have risen by a whopping 40% from 2000 to 2022. This has made housing quite unaffordable for most work-class people and inventory really low. Many of the factors together are initiating the shift.  

f you are a real estate business owner or manager, these trends and the change in the way housing is viewed should be important for you. No matter what type of property you have under your portfolio, these trends will greatly impact your properties in the near future. Be it single-family homes or multi-family homes, both of them are going through changes of their own. You need to plan your strategy and leadership accordingly to accommodate these changes and work around them to ensure growth.  

Confused about where to get started and which trends to pay importance to? Give us a call. Talk to our team, and consult with us to know more.  

 Pew Research Center survey on the American housing crunch has found that more than 49% of Americans find it hard to rent/buy houses in their own localities. Moreover, more than 70% of young Americans find it much harder to find suitable houses for themselves than their previous generations. 

A lot of factors contributed to this situation, like 

As a real estate business owner or landlord, here are some changes you can consider to help solve the American housing crisis issue. Check them out.  

Manufactured homes have a lot of stigma around them. These manufactured homes take lesser time to assemble because they are produced in production units. Their construction will not take as long as the other conventional homes, helping in solving the housing issue. But constructing homes off-site and getting them set up in the the desired location can also be a quick solution to the immediate housing crunch.  

The housing crunch issue is here to stay, and as a real estate business owner or developer, you can certainly play a part in handling this growing crisis. But for these plans to work out, you need a range of things like planning strategy, leadership inside the company, and streamlined project management. Above that, you need a proper technology selection to automate your management work and speed up your everyday business process to address the housing crisis issue faster.  

At Assetsoft, we can help you with all of it. Get in touch with us to find out more! 

Popular locations and urban places closer to all kinds of modern amenities are top-rated among overseas investors regarding home buying. According to a research paper published by the National Beurue of Economic Research (NBER), the average American home price increased by 8% in those zip code areas in any place that had Chinese home buyers and foreign investors. This was large from 2012  to 2018, and it became increasingly more complex for local Americans to afford homes in their own regions. According to Seattle Times reports, at one point in 2016, Seattle became the most prominent Chinese homebuying region, and it saw the maximum number of investments. 

Much like the Chinese investors, many other international buyers heavily invest in the American housing market and push up the average home price in many regions. Penn Today reports mentioned that they bought as much as $11.5 million worth of US homes between 2019 and 2020. That is a major chunk of the total number of US homes.  

Yes, some international investors stopped investing in US homes during the pandemic due to reduced economic activities and low funds. But come 2022, the market is slowly returning to its original state. But according to recent reports by CNBC, the Chinese are the fastest to get back into the market. The general home prices are 15% higher now than they were during the pandemic and much of it has to do with the increasing international sales post-pandemic. If you are a real estate business owner or property manager, this rising market should be of great interest to you. 

This is an ever-increasing market, and you need to tap into it. This crowd is primarily remote, and you need to invest in the proper selection of technology in project management to handle this new business. Most of these buyers are dealing from remote locations, and as property managers, you hardly have any chance to contact them directly to conduct management. Getting the right CRM or property management software can quickly help streamline the process and help smoothen the business process overview. Other PropTech implementations like virtual home tours and digital sales and contract negotiations can also help drive sales. You need to use these techs to get a hold of this situation and plan your strategy and leadership accordingly.  

We did learn all about the stats and everything you can do to get a hold of this international home-buying crowd, but what factors influence this market? Let us find out.  

Want to understand what these market trends mean for you and how you can work with them to help your real estate business boom? Our advisory services at Assetsoft can guide you every step of the way. Our team does everything from planning strategy and leadership to providing project management services and technology implementation plans. We have years of experience handling and working with these American real estate market trends. 

Talk to us to find out more! 

Furthermore, AirBnb is not the only form of BnB in the market. As tourism brings in instant profit for people in travel-friendly locations, many residential buildings are being fast converted into BnB homes. Locals are losing out on their chances at affordable housing, and the pressure on tourism keeps increasing.  

Though there have been numerous efforts to make tourism real estate sustainable and make the industry more eco-friendly, is it really possible? Tourism is growing much faster than the world economy and it is very easy for the whole industry to become harmful to the environment and use non-sustainable materials for construction. When tourism becomes excessive, most developers and real estate businesses start using cheap, non-sustainable products to keep up with the rising demands.  

As a property manager or construction manager of real estate, you can help this situation and make it a little better. You can easily integrate construction management software like Procore to stay on top of all environmental compliances. 

You can keep track of the sustainability of your projects and do your part in helping the environment even while you develop your tourism real estate properties. You can take this effort a step further and use eco-friendly construction material to build your properties and bring down the overall carbon footprint of the tourism industry.  

To strike the right balance between real estate tourism and residential real estate, as property managers or real estate developers, you need to make investments in affordable housing plans around tourist hotspots. This will help your tourism industry survive and make housing more affordable for low-income, young employees of the hospitality industry. These people not be driven out of their own localities, while the tourism business can also thrive at the same time.  

To make a proper plan to streamline your management process, you need to boost your strategy and leadership. Even if you are in the tourism real estate business, your C-suite executives need to revisit their growth plans and make construction eco-friendly and management more sustainable. You need to branch out your strategies to make a holistic plan to include people from all sections. You can use the MRI software to manage affordable housing, automate the whole management process, and free up your valuable time to focus on other business matters. 

At Assetsoft, we can help you integrate multiple different software and also help in better technology selection in project management to stay on top of all tech trends. Talk to us today to know more! 

Like MRI, Yardi too has its own exclusive features.

Yardi can help filter and run background checks on all tenants before onboarding. You no longer have to go through files of every prospective tenant and screen them before onboarding saving your team a lot of time.  

At Assetsoft, our team will take a closer look at your business process overview and can provide you with a wholesome assistive technology implementation plan. We will advise and guide you about which property management works best for you and also integrate the software into your system and help train your staff for optimized use. 

Talk to us to find out how we can help!