5 Property Management Challenges & How Outsourcing Can Help

Real Estate Expert

Property management isn’t a piece of cake. Although it’s common for investment property owners to try to handle everything on their own, they are often taken aback by how time-consuming it actually is.

Rent collection, fulfilling maintenance and repair requests, managing vacancies, and handling the overall property budget are just a few of the responsibilities of having a real estate investment.

Real Estate Business

Handing these over to a professional such as a property manager is guaranteed to ease the burden on real estate investorsEach property has its own share of problems, but there are also key challenges that properties mutually share.


There are many issues that property management firms face, but here are the top 5 problems they commonly encounter.


What began as “The Great Resignation” in late 2021 left lasting effects until today. Companies are still experiencing high turnover rates as more and more people want to stick to working from home or having a hybrid setup.


Companies are struggling to hire and retain staff, especially those who are highly qualified. With the existing insufficiency of well-equipped candidates in the market and the high demand for experienced property managers, staffing shortage remains to be prevalent across the industry.


Lower operating costs equal greater revenue. However, both fixed and unexpected expenses curb the goal of having bigger savings.


Varying demands, market conditions, and inflation are just some of the few factors that keep companies from slashing operating costs. Some businesses cope by implementing new strategies, such as outsourcing, that help them save a few pennies.


In property management, every minute must be spent wisely. Staff may constantly be bombarded with multiple requests or simultaneous inquiries, causing employees to feel overwhelmed at times. Businesses feel like there is not enough time in the day to accomplish tasks.


Focusing on core tasks and being efficient are two key factors in productivity management. Without proper management, staff tend to spend more time on non-income-generating activities.


The new tools, platforms, and software being developed are pushing the value of real estate globally. Unfortunately, most property management firms struggle to keep up with the ever-changing technologies in the market.


Even though these innovations were created to make property management easier, a number of companies find it hard to transform processes digitally. Aside from the costs, businesses also find employing new staff or training current staff to use these tools time-consuming and expensive.


Property management as an industry is valued at US $101.3 billion. Although its overall growth is projected to have an upward trend, some businesses struggle to generate more profit and revenue due to factors such as lesser use of commercial spaces, location choice, ballooning interest rates, and more.


Firms that are able to grow revenue face smaller profit margins, as they use the increased revenue to further grow their business.


Around 89% of property management businesses have outsourced at least one back-office function. This is one creative strategy companies use to save costs. Aside from reducing expenses, here’s how businesses can benefit more from outsourcing:

Property Management
  • Access to a wide network of experts

    Firms get an extensive pool of applicants through their outsourcing partners. With this, they can be assured that they only get to work with the best there is in their field.

  • Increase efficiency

    Your remote staff aims to streamline current processes and will work with you to develop more methodical procedures to enhance efficiency.

  • Focus on core competencies

    With your outsourced staff taking care of the rest, you and your in-house team can focus on what you do best.

  • Stay updated with new technologies

    Recommending the implementation of automation tools, popular listing platforms, and other software that competitors use so your firm can stay ahead of the game.

  • Maximize ROI

    Outsourcing helps firms maximize their revenue due to lower overhead costs. Reduced expenses also expedite a company’s ROI.


Real Estate VA

The Remote Group’s real estate and property management services save businesses up to 70% on employment and overhead costs.

We connect property management firms with highly qualified and experienced experts to ensure nothing short of exceptional service. Book a discovery call with our outsourcing experts today.


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