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.

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