2020 brought a dramatic shift in market conditions for the multifamily industry. In a Top 5 entry from last week, the five markets with the most property manager turnover during 2020 were highlighted. This week, let’s have a look at the five markets with the most properties that changed management companies in 2020.
|Top 5: 2020 Property Manager Turnover||2020||2019|
|Los Angeles - Orange County||234||202|
ALN logged about 600 fewer properties that changed management companies in 2020 compared to in 2019 despite there being more properties in operation in 2020. Unlike the five markets with the most property manager turnover, not all of the five markets highlighted today experienced a decrease in turnover for 2020 compared to in 2019.
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