With more than 40 years of experience, Seminary Properties and Management, Ltd. has built a successful business using a hands-on approach to property management. Seminary Properties and Management, Ltd. assists its clients with rentals, renovation, and the maintenance of their buildings.
In Illinois, this year, the property management industry is experiencing positive trends in the midst of transformation. The focus for many property managers in the state-run the gamut from improving client-manager relationships to sustainability and incorporating technology into managing properties. One issue relates to improving technologies in buildings, even when it might not directly translate into earnings. The purpose is to build the brand and get the customer (renter) to make the connection between improved technologies and the business.
Sustainability has also been brought to attention in terms of helping managers find ways to save money. Of course, even in the midst of these other trends, customer-manager communication is still important.
These improvements have translated into positive data regarding the overall industry. The current property management market size is $3.5 billion with an expected increase of 3.5 percent this year. In the past five years beginning in 2014, the industry has seen the market expand at 5.2 percent each year. In comparison to other industries (including real estate, rental, and leasing sectors), the property management industry has increased faster than both sectors.
Seminary Properties and Management 