Lease Administration Statistics 2024 - Everything You Need to Know

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Best Lease Administration Statistics

Best Lease Administration Statistics

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Lease Administration Market Statistics

In some U.S. markets, Airbnb can be 6% to 17% cheaper than hotels. ^[0]
Revenue growth for whole unit rentals has increased by an average of 76% each year in most markets. ^[0]
This market value increased7.78%over 12 months. ^[1]
That’s 35.95% of the global market, which is valued at $13.88 billion. ^[1]
North America’s market value grew 7.78% from 2019 to 2020. ^[1]
39% of the national industry market share ultimately goes to the property managers themselves. ^[1]
This is a 6.6% greater market share than the global average, which is 36.6%. ^[1]
The total market size for renters is 34%. ^[1]

Lease Administration Latest Statistics

During early February 1941, a Gallup poll revealed that 54% of Americans were in favor of giving aid to the British without qualifications of Lend. ^[2]
A further 15% were in favor of qualifications such as “If it doesn’t get us into war,” or “If the British can give us some security for what we give them.”. ^[2]
Only 22% were unequivocally against the President’s proposal. ^[2]
When poll participants were asked their party affiliation, the poll revealed a political divide 69% of Democrats were unequivocally in favor of Lend Lease, whereas only 38% of Republicans favored the bill without qualification. ^[2]
In contrast, 17 Republicans voted “nay” while 10 Senate Republicans sided with the Democrats to pass the bill.[20] President Roosevelt signed the Lend Lease bill into law on March 11, 1941. ^[2]
[24] CountryMillions ofUS Dollars was involved, or 17% of the total war expenditures of the U.S. ^[2]
The Soviet air force received 18,200 aircraft, which amounted to about 30 percent of Soviet wartime fighter and bomber production. ^[2]
The invasion had cost the USSR a huge amount of its agricultural base; during the initial Axis offensive of 1941 42, the total sown area of the USSR fell by 41.9% and the number of collective and state farms by 40%. ^[2]
LendLease thus provided a massive number of foodstuffs and agricultural products.[43]According to the Russian historian Boris Vadimovich Sokolov, Lend Lease had a crucial role in winning the war. ^[2]
Some 3,964,000 tons of goods were shipped by the Arctic route; 7% was lost, while 93% arrived safely. ^[2]
This constituted some 23% of the total aid to the USSR during the war.[55]The Persian Corridor was the longest route, and was not fully operational until mid. ^[2]
Nevertheless, some 8,244,000 tons of goods went by this route, 50% of the total. ^[2]
Provided ordnance goods amounted to 53 percent of total domestic consumption. ^[2]
By the end of 1941, early shipments of Matilda, Valentine and Tetrarch tanks represented only 6.5% of total Soviet tank production but over 25% of medium and heavy tanks produced for the Red Army.[67]. ^[2]
worth of war material was provided to U.S. forces by its allies, 90% of this sum coming from the British Empire. ^[2]
the U.S. charged for them, usually at a 90% discount. ^[2]
In 1946, the postwar AngloAmerican loan further indebted Britain to the U.S. LendLease items retained were sold to Britain at 10% of nominal value, giving an initial loan value of £1.075 billion for the LendLease portion of the post. ^[2]
Payment was to be stretched out over 50 annual payments, starting in 1951 and with five years of deferred payments, at 2% interest.[80]The final payment of $83.3 million , due on December 31, 2006. ^[2]
The distribution was 90% to the UK, 5% to Australia, 1% to New Zealand, 3% to India and zero to Canada. ^[2]
13″Consumer Price Index by product group, monthly, percentage change, not seasonally adjusted, Canada, provinces, Whitehorse, Yellowknife and Iqaluit”. ^[2]
YearAmount %1941360,7782.119422,453,0971419434,794,54527.419446,217,62235.519453,673,81921 Soviet Ambassador [53]Maxim Litvinovsignificantly contributed to the Lend Lease agreement of 1941. ^[2]
This constituted some 23% of the total aid to the USSR during the war.[55]. ^[2]
Thereafter it saw the passage of 4,160,000 tons of goods, 27% of the total.[55]. ^[2]
Payment was to be stretched out over 50 annual payments, starting in 1951 and with five years of deferred payments, at 2% interest.[80] The final payment of $83.3 million , due on December 31, 2006. ^[2]
60% $426 million Oranges 51% $867 million Bell Peppers. ^[3]
$65 million Watermelons 29% $162 million Sweet Corn. ^[3]
$141 million Squash 16% $35.4 million Strawberries 12% $307 million Peanuts. ^[3]
11% $119 million Cabbage 11% $58.4 million. ^[3]
$426 million Oranges 51% $867 million. ^[3]
$162 million Sweet Corn 29%. ^[3]
$119 million Cabbage 11% $58.4 million. ^[3]
The 2019 U.S. wholesale value of floriculture crops is down 7% from the 2018 valuation. ^[3]
The total crop value at wholesale for all growers with $10,000 or more in sales is estimated at $4.42 billion for 2019, compared with $4.77 billion for 2018. ^[3]
California and Florida account for 47% of the total value. ^[3]
The number of producers for 2019, at 5,198, is down 19% compared with the 2018 count. ^[3]
Florida total wholesale value of floriculture crops sold by operations with $100,000 or more of sales, at $1.06 billion, is up 13% from 2018. ^[3]
Florida accounts for 76% of the U.S. wholesale value of cut cultivated greens, 74% of the value of foliage plants, and 30% of the value of potted flowering plants. ^[3]
The 2019 value of production for the published major berries, potatoes, vegetable crops, and watermelons totaled $1.75 billion, down 2% from the comparable 2018 value. ^[3]
The crops that increased in percentage and value were cabbage (+32%), tomatoes (+28%) and watermelons (+5%). ^[3]
Crops that decreased in value and percentage included bell peppers (4%), strawberries (6%), sweet corn (10%), cucumbers (14%), snap beans (18%), potatoes (28%) and blueberries . ^[3]
United States citrus utilized production for the 20182019 season totaled 7.94 million tons, up 31% from the 2017. ^[3]
California accounted for 51% of total United States citrus production; Florida accounted for 44%, while Texas and Arizona produced the remaining 5%. ^[3]
Florida’s orange production, at 71.8 million boxes, is up 59% from the previous season. ^[3]
Grapefruit utilization in Florida, at 4.51 million boxes, is up 16% from last season’s utilization. ^[3]
Tangerine and tangelo utilization in Florida, at 990,000 boxes, is up 32% from the previous season. ^[3]
The state of Florida has 17.16 million acres of forestland, representing 50% of the state’s total land area. ^[3]
The 2019 total value of production for corn, cotton, cottonseed, hay and peanuts totaled $334 million, an increase of 5% from the previous year’s total of $319 million. ^[3]
The total value of peanut production increased 14% and was valued at $119 million. ^[3]
The total value of corn production decreased 10% and was valued at $39.1 million. ^[3]
The value of cottonseed production increased 114% and was valued at $6.36 million. ^[3]
The value of cotton production increased 50% and was valued at $52.6 million. ^[3]
The value of hay production increased 12% and was valued at $117 million. ^[3]
People spend 87% of their time in buildings. ^[4]
Real estate is the second highest cost for an organization and effective space management can result in cost savings up to 30%. ^[4]
The average capital project is 80% over budget and 20 months behind schedule, but adopting capital project management technology can lead to up to a 45% reduction in overall project costs. ^[4]
Companies that rank high in employee engagement have 59% less turnover, 17% more productivity, and 41% less absenteeism. ^[4]
A smart building with integrated systems can realize 30–50% savings in existing buildings that are otherwise inefficient. ^[4]
Future facilities management trends IBM Institute for Business Value 2021 CEO Study , 56% of CEOs emphasize the need to “aggressively pursue” operational agility and flexibility over the next two to three years. ^[4]
With the onset of COVID 19, GRE was able to move 95% of IBM’s global employees from the office to home by using our own solutions. ^[4]
Airbnb statistics indicate the travel booking site has recovered from the previous year’s losses with a 280.2% increase in net income throughout 2021. ^[0]
The average U.S. Airbnb occupancy rate is 48%. ^[0]
Airbnb’s main website saw 91 million visits in January 2020 with 50% of traffic through mobile devices. ^[0]
Airbnb listings constitute 19% of the total demand for lodging in the U.S. ^[0]
The Airbnb workforce is 52.5% male. ^[0]
77.9% of Airbnb engineers are male. ^[0]
12.3% of Airbnb’s US based employees are from underrepresented populations. ^[0]
75% of Airbnb employees felt their pay was fair. ^[0]
Airbnb’s yearly revenue in 2017 was $2.6 billion, an increase of 73% over 2016. ^[0]
54% of Airbnb guests are female. ^[0]
36% of guests are between the ages of 25 and 34. ^[0]
15% are between 18 and 24; 13% are aged 55 and older. ^[0]
95% of surveyed guests choose Airbnb for ease and security of payment. ^[0]
86% say the location of their Airbnb is more convenient than a hotel. ^[0]
77% want to live like locals. ^[0]
64% agree that home sharing is more ecological or environmentally friendly. ^[0]
43% indicate functionality is their top valued amenity. ^[0]
58% of millennials indicate social media worthiness is a major factor in booking decisions. ^[0]
59% of US guests, 46% of Australian guests, and 39% of Italian guests value air conditioning over wi. ^[0]
Over 50% of Airbnb guests choose to stay at an Airbnb over a traditional hotel. ^[0]
In Europe, Airbnb is anywhere from 8% to 17% cheaper than a regional hotel’s average daily rate. ^[0]
Airbnb’s valuation decreased 48.6%, from $35 billion to $18 billion, from January to May 2020. ^[0]
Airbnb may have lost up to 54% of its overall revenue due to the novel coronavirus. ^[0]
Booking rates dipped by 85% at one point in 2020. ^[0]
More than 80% of Online Experience guests attend from outside the host’s home country. ^[0]
22% of hosts indicate they chose to host after first being an Airbnb guest. ^[0]
Women constitute 56% of hosts and have earned $32 billion since the company began in 2008. ^[0]
Women Hosts in Iceland earn an average income of $10,200, 29% higher than the average Airbnb income. ^[0]
Listings must accept 95% of bookings in the previous 12 months. ^[0]
Plus homes earn up to 400% more than standard listings. ^[0]
81% of Airbnb’s revenue in 2017 comes from whole unit rentals where owner is not present during the guest’s stay. ^[0]
Between 2017 and 2019, listings in New York City fell 7.1% and listings in San Francisco fell 16.7%. ^[0]
In 2015, over 10% of all active listings were in New York City, London, and Paris. ^[0]
In early 2020, less than 3% of all active listings were in New York City, London, and Paris. ^[0]
They must also register for a business license and pay 14% of their revenue to the City. ^[0]
Real estate generates16%of the national gross domestic product. ^[1]
The industry’s average annual growth rate for the last 5 years has been 2.5%. ^[1]
Since December 2003, the producer price index among real estate property managers nationwide has increased 20.0% for an annual growth rate of 1.143%. ^[1]
That’s 59.95% of all working property managers. ^[1]
The lowest paid 10% earn $31,330 per year while the highest paid earn $134,570 per year. ^[1]
Industry experts expect a compound annual growth rate of 9.3%. ^[1]
Since December 2003, the industry’s PPI has increased 33.3% for an annual growth rate of 1.903%. ^[1]
Since December 1995, the PPI for residential property management services has risen 39.2% for an annual growth rate of 1.537%. ^[1]
81% of property managers have seen their revenues increase over in the past two years. ^[1]
5% of managers saw a decrease in revenue. ^[1]
88% of survey respondents expected their revenues to go up in the next two years. ^[1]
That’s 31.2% of all residential rental units in. ^[1]
80% of property managers are involved in the coordination or performance of maintenance/repairs as well as rent and fee collections. ^[1]
More than 70% of property managers perform property inspections, advertise vacancies, and facilitate leases. ^[1]
47.8% of property managers consider growth a top priority. ^[1]
45.1% express a desire to improve efficiency. ^[1]
31.0% of property managers cite profitability as a top concern. ^[1]
Between 2009 and 2020, the national rental vacancy rate decreased by 85%. ^[1]
The current nationwide rental vacancy rate is 6%. ^[1]
If trends from the last decade continue, the vacancy rate should drop below 4 percent by 2025. ^[1]
42 percent of all U.S. renters live in single. ^[1]
Between 20 and 43 percent of renters cannot afford to buy a home or unit where they live. ^[1]
In one decade, the number of renters increased by 25%. ^[1]
During that same period, the number of homeowners decreased by just over 1%. ^[1]
Wisconsin has fewer property managers per capita than any other state, about 30% of the national average. ^[1]
Puerto Rico has less than 5% the national per capita average. ^[1]
This is 26.3% below the national average wage for property managers. ^[1]
Property managers make 15.03% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $25,900. ^[1]
The 10% highest paid earn $88,670. ^[1]
This is 0.23% below the national average wage for property managers. ^[1]
Property managers make 12.75% more than the average worker statewide. ^[1]
This is 14.59% below the national average wage for property managers. ^[1]
Property managers make 27.74% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $31,900. ^[1]
The 10% highest paid earn $101,750. ^[1]
This is 23,25% below the national average wage for property managers. ^[1]
Property managers make 19.28% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $26,530. ^[1]
The 10% highest paid earn $87,600. ^[1]
This is 2.98% above the national average wage for property managers. ^[1]
Property managers make 5.47% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $29,290. ^[1]
This is 29.39% above the national average wage for property managers. ^[1]
Property managers make 49.13% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $43,210. ^[1]
The 10% highest paid earn $169,030. ^[1]
This is 13.66% above the national average wage for property managers. ^[1]
Property managers make 4.31% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $46,880. ^[1]
The 10% highest paid earn $147,950. ^[1]
This is 15.41% below the national average wage for property managers. ^[1]
Property managers make 9.09% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $37,110. ^[1]
The 10% highest paid earn $96,420. ^[1]
This is 23.22% above the national average wage for property managers. ^[1]
Property managers make 3.61% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $46,420. ^[1]
The 10% highest paid earn $155,610. ^[1]
This is 14.83% below the national average wage for property managers. ^[1]
Property managers make 23.22% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $32,040. ^[1]
The 10% highest paid earn $96,600. ^[1]
This is 16.91% below the national average wage for property managers. ^[1]
Property managers make 18.89% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $27,980. ^[1]
The 10% highest paid earn $114,220. ^[1]
This is 8.35% below the national average wage for property managers. ^[1]
Property managers make 10.49% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $37,630. ^[1]
The 10% highest paid earn $106,090. ^[1]
This is 44.45% below the national average wage for property managers. ^[1]
Property managers make 16.34% less than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $17,620. ^[1]
The 10% highest paid earn $71,560. ^[1]
This is 10.31% above the national average wage for property managers. ^[1]
Property managers make 28.24% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $35,830. ^[1]
The 10% highest paid earn $138,000. ^[1]
This is 26.21% below the national average wage for property managers. ^[1]
Property managers make 5.22% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $29,360. ^[1]
The 10% highest paid earn $83,560. ^[1]
This is 20.02% below the national average wage for property managers. ^[1]
Property managers make 6.03% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $32,900. ^[1]
The 10% highest paid earn $95,390. ^[1]
This is 27.52% below the national average wage for property managers. ^[1]
Property managers make 5.37% less than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $25,430. ^[1]
The 10% highest paid earn $85,620. ^[1]
This is 22.13% below the national average wage for property managers. ^[1]
Property managers make 22.58% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $27,930. ^[1]
The 10% highest paid earn $88,210. ^[1]
This is 29.71% below the national average wage for property managers. ^[1]
Property managers make 2.84% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $18,950. ^[1]
The 10% highest paid earn $90,130. ^[1]
This is 16.01% below the national average wage for property managers. ^[1]
Property managers make 13.40% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $35,320. ^[1]
The 10% highest paid earn $95,780. ^[1]
This is 5.74% above the national average wage for property managers. ^[1]
Property managers make 13.41% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $37,040. ^[1]
The 10% highest paid earn $128,950. ^[1]
This is 23.58% above the national average wage for property managers. ^[1]
Property managers make 13.48% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $50,180. ^[1]
The 10% highest paid earn $139,920. ^[1]
This is 9.82% below the national average wage for property managers. ^[1]
Property managers make 24.60% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $33,650. ^[1]
The 10% highest paid earn $105,290. ^[1]
This is 1.87% above the national average wage for property managers. ^[1]
Property managers make 21.19% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $42,600. ^[1]
The 10% highest paid earn $123,780. ^[1]
This is 40.34% below the national average wage for property managers. ^[1]
Property managers make 4.64% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $18,850. ^[1]
The 10% highest paid earn $70,660. ^[1]
This is 8.40% below the national average wage for property managers. ^[1]
Property managers make 31.04% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $29,850. ^[1]
The 10% highest paid earn $132,480. ^[1]
This is 35.91% below the national average wage for property managers. ^[1]
Property managers make 12.02% less than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $20,040. ^[1]
The 10% highest paid earn $78,730. ^[1]
This is 12.98% below the national average wage for property managers. ^[1]
Property managers make 9.95% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $19,930. ^[1]
The 10% highest paid earn $105,690. ^[1]
This is 26.20% below the national average wage for property managers. ^[1]
Property managers make 0.74% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $36,730. ^[1]
The 10% highest paid earn $74,330. ^[1]
This is 2.83% below the national average wage for property managers. ^[1]
Property managers make 7.11% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $40,220. ^[1]
The 10% highest paid earn $107,370. ^[1]
This is 30.36% above the national average wage for property managers. ^[1]
Property managers make 26.84% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $46,670. ^[1]
The 10% highest paid earn $193,420. ^[1]
This is 22.48% below the national average wage for property managers. ^[1]
Property managers make 23.90% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $26,720. ^[1]
The 10% highest paid earn $84,350. ^[1]
This is 58.00% above the national average wage for property managers. ^[1]
Property managers make 53.11% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $62,280. ^[1]
The 10% highest paid earn $196,410. ^[1]
This is 4.66% below the national average wage for property managers. ^[1]
Property managers make 39.36% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $36,200. ^[1]
The 10% highest paid earn $114,560. ^[1]
This is 23.73% below the national average wage for property managers. ^[1]
Property managers make 5.97% less than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $35,760. ^[1]
The 10% highest paid earn $83,220. ^[1]
This is 11.67% below the national average wage for property managers. ^[1]
Property managers make 21.34% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $23,140. ^[1]
The 10% highest paid earn $122,910. ^[1]
This is 21.57% above the national average wage for property managers. ^[1]
Property managers make 80.71% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $28,740. ^[1]
The 10% highest paid earn $180,870. ^[1]
This is 23.58% below the national average wage for property managers. ^[1]
Property managers make 1.44% less than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $31,870. ^[1]
The 10% highest paid earn $91,270. ^[1]
This is 25.39% above the national average wage for property managers. ^[1]
Property managers make 47.59% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $40,630. ^[1]
The 10% highest paid earn $190,740. ^[1]
This is 22.65% above the national average wage for property managers. ^[1]
The 10% lowest paid property managers earn an average of $32,540. ^[1]
The 10% highest paid earn $140,320. ^[1]
This is 25.91% above the national average wage for property managers. ^[1]
Property managers make 51.52% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $52,880. ^[1]
The 10% highest paid earn $132,800. ^[1]
This is 0.82% below the national average wage for property managers. ^[1]
Property managers make 52.86% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $27,480. ^[1]
The 10% highest paid earn $128,490. ^[1]
This is 40.35% below the national average wage for property managers. ^[1]
Property managers make 23.75% less than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $27,570. ^[1]
The 10% highest paid earn $62,440. ^[1]
This is 18.86% below the national average wage for property managers. ^[1]
Property managers make 17.51% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $26.760. ^[1]
The 10% highest paid earn $105,310. ^[1]
This is 18.11% above the national average wage for property managers. ^[1]
Property managers make 57.67% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $32,860. ^[1]
The 10% highest paid earn $168,310. ^[1]
This is 25.64% below the national average wage for property managers. ^[1]
Property managers make 4.19% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $25,680. ^[1]
The 10% highest paid earn $96,340. ^[1]
This is 11.19% below the national average wage for property managers. ^[1]
Property managers make 10.86% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $28,200. ^[1]
The 10% highest paid earn $107,910. ^[1]
This is 21.85% below the national average wage for property managers. ^[1]
The 10% lowest paid property managers earn an average of $27,840. ^[1]
The 10% highest paid earn $83,500. ^[1]
This is 27.06% above the national average wage for property managers. ^[1]
Property managers make 49.16% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $47,930. ^[1]
The 10% highest paid earn $145,580. ^[1]
This is 27.74% above the national average wage for property managers. ^[1]
Property managers make 36.88% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $45,940. ^[1]
The 10% highest paid earn $158,220. ^[1]
This is 23.86% below the national average wage for property managers. ^[1]
Property managers make 23.57% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $23,070. ^[1]
The 10% highest paid earn $110,720. ^[1]
This is 0.12% above the national average wage for property managers. ^[1]
Property managers make 32.10% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $39,260. ^[1]
The 10% highest paid earn $125,790. ^[1]
This is 7.39% below the national average wage for property managers. ^[1]
Property managers make 7.17% more than the average worker statewide. ^[1]
The 10% lowest paid property managers earn an average of $24,850. ^[1]
The 10% highest paid earn $129,360. ^[1]
Among surveyed property managers, however, just 11.2% say technology is a top priority. ^[1]

I know you want to use Lease Administration Software, thus we made this list of best Lease Administration Software. We also wrote about how to learn Lease Administration Software and how to install Lease Administration Software. Recently we wrote how to uninstall Lease Administration Software for newbie users. Don’t forgot to check latest Lease Administration statistics of 2024.

Reference

ipropertymanagement – https://ipropertymanagement.com/research/airbnb-statistics.
ipropertymanagement – https://ipropertymanagement.com/research/property-management-industry-statistics.
wikipedia – https://en.wikipedia.org/wiki/Lend-Lease.
fdacs – https://www.fdacs.gov/Agriculture-Industry/Florida-Agriculture-Overview-and-Statistics.
ibm – https://www.ibm.com/topics/facilities-management.

How Useful is Lease Administration

One of the primary ways in which lease administration is useful is in helping property owners and managers keep track of their lease agreements. With potentially dozens or even hundreds of leases to manage, it can be challenging to remember all the specific terms and conditions of each agreement. Lease administrators not only document all the essential information contained in each lease, but they also ensure that all parties are following the terms outlined in the agreements.

Another crucial function of lease administration is to help property owners and managers stay on top of lease expirations and renewals. Staying ahead of expiration dates allows property owners to plan for any potential vacancies, renovations, or changes in the leasing strategy. On the flip side, being proactive in renewing leases ensures that tenants are happy and that properties remain occupied, generating steady income for owners.

In addition to monitoring lease agreements, lease administration also plays a vital role in handling lease modifications and negotiations. As businesses grow and change, their space requirements may also evolve, necessitating alterations to their lease agreements. Lease administrators work closely with tenants and landlords to negotiate any modifications to ensure that both parties are satisfied and that all changes are properly documented.

Furthermore, lease administration is crucial for ensuring compliance with local laws and regulations. Each state and municipality has its own set of rules and regulations governing lease agreements, and violating any of these can lead to costly legal entanglements. Lease administrators are well-versed in these laws and ensure that all leases comply with the relevant regulations, protecting property owners from potential legal liabilities.

Lastly, proper lease administration is crucial for maintaining and enhancing the value of real estate assets. By keeping accurate records of all lease agreements, monitoring lease expirations, and ensuring compliance with regulations, property owners can maximize their property’s potential value. Additionally, lease administrators can help identify opportunities for revenue growth, such as renegotiating leases at higher rates or leasing out unused space.

In conclusion, lease administration is a highly useful tool for property owners and managers, providing essential services that help streamline operations, minimize risks, and enhance the value of real estate assets. While it may not always be the most visible aspect of property management, lease administration is undoubtedly essential for ensuring the successful and profitable operation of real estate properties.

In Conclusion

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Lease Administration Statistics 2024 – Everything You Need to Know