By Justin Garrett
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September 13, 2024
Recently, we reviewed insights from the 2025 Property Management Industry Report on the trends and strategies that third-party property management companies (PMCs) are employing to grow revenue. These trends highlight the variety of approaches PMCs are using, providing a strong contrast to Watson Property Management’s commitment to transparency, cost savings, and quality control. Transparent, Predictable Pricing for Our Clients The report indicates that 33% of PMCs plan to increase client fees over the next two years to bolster revenue. At Watson, we’re proud to say that we have no such plans. Our focus remains on maximizing value for our clients, rather than inflating costs for short-term gains. While many PMCs use an a-la-carte pricing model with potential hidden fees, Watson stands by a transparent, all-inclusive approach with just three consistent fees: Leasing, Monthly, and Renewal. This straightforward structure reflects our dedication to fair, simple pricing that empowers our clients to budget effectively. Significant Savings Through In-House Services The report also revealed that many PMCs add fees on top of all maintenance charges. By contrast, Watson does not add extra fees to maintenance costs, leading to significant savings for our property owners. Additionally, while many PMCs outsource essential services like maintenance, inspections, and even client communication, Watson keeps almost all services in-house (with the exception of application screenings, which are handled by a trusted national provider). This approach offers two major benefits: Enhanced Quality Control : Our in-house model allows us to uphold Watson’s standards of excellence and ensure tasks are completed to our high expectations. Improved Property Knowledge : By directly handling the management of properties, our team gains valuable firsthand knowledge of each property’s condition, allowing us to be more proactive with maintenance needs. A Commitment to Long-Term Value As many PMCs focus on short-term gains through fee increases and additional charges, Watson Property Management remains dedicated to fostering long-term relationships with our clients. Our approach prioritizes value creation and sustainable growth. We know that when our clients succeed, we succeed, which is why we strive to deliver unparalleled service, transparency, and efficiency. Choosing the right property management company is about more than just cost—it’s about finding a partner who shares your goals and values. At Watson Property Management, we’re proud to be that partner, offering comprehensive property management with a commitment to integrity and client satisfaction.