By Henry Hall
Today, All Property Management announced the acquisition of Rental Property Reporter, the oldest and most trusted online resource for do-it-yourself landlords.
There are about 28.1 million property investors in the U.S., of which only 30 percent use professional property management services. The acquisition allows All Property Management to expand its market-leading tools, services, and content to support investors who are not yet ready for professional property management. The newly redesigned website is now live at www.rentalpropertyreporter.com.
“Do-it-yourself landlords play an essential role in America’s housing recovery, and they need the same high quality information, tools, and services used by professionals, but tailored to their special needs,” says Reggie Brown, CEO of All Property Management. “Rental Property Reporter’s 16-year archive of content, plus three unique books, is a gold mine of practical wisdom for do-it-yourself landlords. We’re excited to use the reach of All Property Management to help even more property investors leverage this content to make smart decisions.”
Rental Property Reporter, founded in 1997, is a pioneer in online real estate investing, management, content and advice. After the acquisition, the site’s design, functionality and editorial focus were updated to address the key needs of individual investors who manage their own property today but may require professional property management services as their portfolios grow.
The residential real estate investment and property management markets are both large and growing. Recent trends include:
- Sixty five percent of individual investors plan to purchase additional properties in the coming year
- Individual investors account for $120 billion in residential property purchases annually
- Professional residential property managers generate about $51 billion in annual revenue
- Wall Street firms have amassed over $10 billion to acquire and manage residential real estate as an institutional asset class.
“Lots of people think managing investment property is simple,” says Brown. “It’s not. You not only have to know how to manage an asset, but also tenants, contractors, attorneys and vendors as well. Whether you’re a rental property mogul or renting out your current home because you can’t sell it, our expanded set of products will help you grow and protect your investments.”