The last few years have been nothing short of a roller coaster for property management companies in Charleston SC and everywhere else around the world. Many companies had to quickly transfer most of the operations to digital formats, including showing rental homes, meeting with investors and vendors, and leasing properties during the COVID-19 Pandemic. However, in 2022 property managers and property owners are now in a place where they know everywhere they need to invest to move forward successfully in their businesses.
The top trends for property management companies in Charleston SC are the following in 2022:
Investing in Legal Services:
The covid-19 pandemic has opened up investors’ and property managers’ eyes to the need to prioritize legal services. When eviction moratoriums are put into place, rental property owners and managers need to know what recourse they have to protect their investment. Having a legal advisor on staff is a trend every property management company should invest in.
Digital Property Management Tools:
Most professional property management companies in Charleston SC have been using digital tools in their business for some time. The last few years have shown a need for more detailed reporting and communication which has made owner portals more popular than ever. Resident portals are also a super convenient way for tenants to make maintenance requests, pay rent online, make referrals, or send messages to management. Property management companies are also upgrading their websites to include virtual tours and online application processes.
Almost everyone has a smartphone and digital access to so much has created an expectation that that access will always be there. Most property management companies in Charleston SC have found success in keeping properties full by investing in digital marketing strategists.
These property trends are important to keep informed on when working in property management. If you own rental properties, partnering with a property management company that understands the business trends that will make you successful is vital to getting the best return on your investments.
If you are ready to partner with a property management company in Charleston, call Scott Properties at 843-790-4929.