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What Should Property Managers Focus Their Energy on in 2024?

Jeremy Pound
Jeremy Pound

Putting a plan together for the coming year is essential for property managers. Learn where you should consider putting your focus to take your business to the next level in 2024.

As 2023 draws to a close, property managers (PMs) are beginning to make plans for 2024. Developing goals and strategies for reaching them is vital as you prepare for 2024 and everything it will throw at you. Without a plan, scaling your business becomes challenging, leaving you without a clear path to success.

Property management firms (and businesses of all types) often plan by identifying strengths and weaknesses. By understanding what you do well and where you need improvement, you can determine what you’re going to change in 2024 and beyond.

People, processes, and technology are three key focus areas in the property management industry. All three of these components working together usually attain the highest growth.

The Strategic PM team recently sat down with Reece Register from RentScale to discuss these three concepts on This Week in PM and what they mean for achieving growth in 2024.

Hire the Right People

The first concept Reece believes property management firms should look at is the people they have on staff. Do you trust every member of your team to do their job? If not, you might want to look closer at who you’re hiring and how you’re training them moving forward.

Your firm is only as strong as its weakest link, and you could be leaving money on the table if you don’t have the right people. 

Jeremy Pound

Jeremy Pound

Jeremy Pound is the CEO of RentScale and Juicy Results, two firms that help companies systematize and scale their sales. In the last decade, he has helped craft and implement online marketing strategies for countless companies that range in size from the smallest of businesses to Fortune 100 companies.