Operational efficiency (62%) and revenue generation (54%) were the two most commonly cited challenges of 2022 for property management teams, according to AppFolio's 2022 Property Management Industry Pulse.
The survey featured data from over 1,000 employees of US-based property management companies on the top challenges and needs in rental housing this year.
Stacy Holden, Senior Director, Industry Principal, AppFolio, said in a company blog, that outdated or insufficient property management software is a culprit in these challenges, especially according to onsite staff.
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