NOVEMBER 20246 Copyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorHayden Carr*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffVisualizersPresley MeadowEmail:sales@realestatebusinessreview.comeditor@realestatebusinessreview.commarketing@realestatebusinessreview.com NOVEMBER - 11 - 2024 , Vol 05 Issue 11 ( ISSN 2831-8455) Published by ValleyMedia, Inc.To subscribe to Real Estate Business ReviewVisit https: www.realestatebusinessreview.com EDITORIALFrom innovative apps streamlining day-to-day operations to property management trends like mid-term renting and community living, these once-frightening tech tools have become trusted. They are more like friendly workplace companions to streamline the experience of buying and renting property today, and the positive effects have been felt broadly. The most profound impact is the tenant experience. With the advent of online maintenance software, property managers can rest easy knowing that any issues are resolved. Plus, with these tools, they can keep an eagle eye on tenants and units alike, so nothing flies under the radar. Say goodbye to endless maintenance frustrations and hello to a more optimized, headache-free rental management experience. These benefits outweigh the software's cost when it comes to losing tenants or property damage.Another notable trend in property management is the use of AI in various ways. Property managers can leverage AI programs to help craft newsletter blasts, email responses and social media captions. For example, if a tenant emails a leasing agent about a maintenance issue, they can utilize ChatGPT to craft a response that has the right tone, information, and instructions for the situation.Data combined with social media and mobile apps allows property managers to communicate with tenants on preferred channels. Platforms such as TikTok, Instagram, and Facebook are used for advertising properties and reaching wider audiences, offering personalized interactions and tailored services to consumers for an improved and more targeted marketing experience while boosting sales.Driven by these trends, the global property management market is projected to reach $35.46 billion by 2030, with a registered CAGR of 8.40 percent. This edition on Property Management 2024 offers insights into the latest property management developments and how companies align with these trends. The magazine features a thought-provoking article from Zac Morgan, head of property management at McGrath Estate Agents. He highlights on how embracing a holistic approach positions property managers as indispensable assets in the ever-evolving real estate landscape. It also features an article from Christy Vasiliou, director of head of property management at GID. She shares her personal and professional journey in the field of commercial real estate, emphasizing her growing passion and belief in the potential of industrial properties. Additionally, Abby Hesman, vice president of property management at Picerne Real Estate Group, comments on how hands-on leadership fosters team cohesion, enhances service quality, and drives property management success, ultimately demonstrating that effective leadership is as much about participation as it is about guidance.In this edition featuring the top property management services providers in APAC 2024, we hope you find the right partner to meet your organization's needs.Let us know your thoughts! Embracing Change in Tenant ExperienceHayden Carr Managing Editoreditor@realestatebusinessreview.com
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