With Budget Season upon us, property management companies are facing budgeting challenges that are different from anything anyone has experienced previously. On one hand the rental market and job market are both exceptionally hot. Wages are rising, unemployment continues to fall and more workers are headed back into the workforce… and into the office.

On the other hand, Covid cases are on the rise, the supply chain continues to be disrupted, emergency rental assistance remains hard to access, and we can’t seem to shake pandemic-related emergency orders that continue to impact revenue. Add to that wildfires, drought and rumors of more unfriendly legislative activity and it’s nearly impossible to predict where things are headed.

So how on earth can you be expected to budget for 2022 amid so much uncertainty? While no one really has all the answers, ResMan has tapped some seasoned industry professionals to help think through what this all means and how to account for it in your 2022 budget.

Mary Gwyn, Chief Innovator at Apartment Dynamics and Jennifer Triptow, Director of Analytics & Project Management at City Gate Property Group, along with ResMan’s President, Elizabeth Francisco, share thoughts on the 2022 budget process and offer tips and advice for how to develop a realistic budget for 2022. The team will also provide a sneak peek into new budgeting capabilities that will be available in ResMan later this year.