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2023 AppFolio Property Manager Benchmark Report

While talk of inflation, rising interest rates, supply chain abnormalities, labor shortages, and recession dominate the conversation, surely there are opportunities to be had. To provide property managers with a way to see if their experiences in today’s economy match those of their peers in other industries, AppFolio surveyed nearly 5,000 employees at U.S.-based property management companies to create the annual AppFolio Property Manager Benchmark Report. This year — 2023 — is the inaugural year, and here’s a high-level view of what we found: Despite economic pressure, it’s a great time to own or manage residential rental property.