Are Rental Rates Headed For A Crash? This Week In PM podcast

1+ y ago 16:51

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If you scroll through any Facebook group for property managers or step into any local or state NARPM conference right now, one of the dominant conversations is how long rental properties are sitting on the market these last few months. In this episode, we’re going to dive into that topic so that you know what to expect, and what to tell your clients.

On our last show, we had Shanae from ShowMojo join us to share the trends that they were seeing around the increasing number of days on market and increased rental concessions across the nation. In fact, she shared that those numbers were higher than they had ever seen since they began collecting data in 2018.

Since we recorded that show, this topic really came into focus as a dominant concern in the industry right now. So, in this episode we cover what sparked this conversation and what we’re seeing for the industry as a whole. We also share what BDMs across the nation are doing to manage expectations and damage control as investors wonder why they don’t have a tenant yet after a prolonged leasing cycle.

Original Air Date: October 1, 2023

Presented by: ⁠⁠RentScale⁠⁠

Host and Founder: Jeremy Pound of ⁠⁠RentScale⁠⁠ and ⁠⁠Strategic PM Magazine⁠⁠

Scorecard Host: Jennifer Merritt of ⁠⁠RentScale⁠⁠

Visit the Strategic PM Website: ⁠⁠StrategicPM.com⁠⁠

Email the Show: ⁠⁠[email protected]⁠⁠

Show Mojo Links: ShowMojo⁠ | ⁠ShowMojo Data Talks⁠

Facebook Posts: September 21, 2023 | September 26, 2023 | September 28, 2023 (ideas from Todd Breen)

Examples of PM Companies Sharing Market Updates: 1836 | Dorman Report

Additional Link: Google Doc Worksheet to Visualize Days on Market

Additional Link: ApartmentList.com National Rental Report

Additional Link: US Consumer Confidence Numbers

Follow Strategic PM on Social: ⁠⁠Facebook (@StrategicPMmag)⁠⁠ | ⁠⁠Instagram (@StrategicPMmag)⁠⁠ | ⁠⁠LinkedIn (@StrategicPM)⁠⁠ | ⁠⁠Twitter (@StrategicPMmag)⁠⁠ | ⁠⁠YouTube (@Strategic-PM)⁠⁠

Podcast Marketing Strategist: Kayla Gonzales

Additional Support Provided By: ⁠⁠Scale Coaching with RentScale⁠⁠, ⁠⁠Strategic PM - The magazine for Residential Property Management entrepreneurs and executives!⁠⁠

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Production House: ⁠⁠Flint Stone Media⁠⁠

41 episodes