Property management is a constantly evolving industry, and it can be challenging to keep up with. We’ve put together some of the most important trends in property management for 2022 so that you can stay ahead of the curve.

Technology

With technology, property management is improving. The use of data, software, and technology platforms enables property managers to do their jobs more efficiently and effectively. For example, some property management software allows you to manage your portfolio online saving time and money. This type of technology also allows you more proactive control over your business activities so that you can tailor them according to what’s happening in the marketplace.

Jobs

• Job growth in property management is expected to be around 10% over the next decade.
• However, job growth will vary from region to region and state to state. For example:
• – In North Dakota, the job market for property managers is expected to grow by 80% between now and 2020. This means that there are currently only about 400 jobs available in this field (and that’s after accounting for people who are no longer working), but by 2020 there will be more than 800 new openings per year on average! That’s an increase of almost half again, as many positions are offered each year as there are currently available! On top of all this good news, salaries in North Dakota have been growing rapidly since 2010, when they were at $30K per year; today, they’re closer to $40K per year on average (and there’s even talk about pay raises coming soon). Want another example? Check out Montana, where you’ll find plenty more opportunities (#3 on our list), thanks largely due to recent corporate activity around natural resources extraction—but we’ll get into that later.
• Meanwhile: Nevada has seen its share decline slightly over time (-11%) despite having a relatively high number of workers employed within this industry (-8%). This could mean one thing: some companies may have decided not to rehire their previous employees when hiring replacements during their expansion plans which could explain why fewer workers were needed overall despite positive growth rates elsewhere.

Big Data

Big data is a collection of data that’s so large that it’s difficult to process using traditional database management tools. Big data often doesn’t have a standard format and can be analyzed for patterns and trends. The term often refers to unstructured data collected from various sources, such as social media and sensors.

Big data can also be used for predictive analysis and real-time decision-making. For example, an insurance company might use big data to predict which drivers are more likely to get into accidents based on their driving habits. It could also power a subscription service that provides daily weather reports based on previous days’ weather conditions in the area where they live (which is useful if you want to know whether you should take an umbrella).

Outsourcing

Outsourcing can be a great way to reduce costs, but it requires careful planning and management. For example, you may want to outsource your lawn maintenance or cleaning services, but not your accounting. You’ll want to ensure you’re outsourcing the right things for your needs and that the person or company you’re working with is reliable, trustworthy, and committed to providing quality services.