2.  With almost 10 years of experience working
in property management, Ana Docoito-
Nelson currently serves as property
manager for Gramatan Management, Inc.,
located in New Rochelle, New York. In this
role, Ana Docoito-Nelson oversees capital
improvements, prepares annual budgets,
and plans maintenance for buildings.
National Rental Service (NRS) is an industry-
leading property and rental management
company that helps advertise rental listings.

3.  According to a recent NRS blog post, property
management trends predicted for 2015
include millennials still not purchasing
properties and desiring lower-end rentals
instead of higher-end apartments. Even though
the housing market continues to become more
affordable, the largest group of millennials,
aged 22 through 24, still bucks the trend on
purchasing property. According to the U.S.
Census Bureau, just 36 percent of Americans
under the age of 35 owned a home in 2014.
This is the lowest number since 1982, when the
bureau began tracking homeownership.

4.  As a result, these younger workers tend to seek
out rental properties. Within urban areas, most
new apartment construction feature high-end
upgrades and come with a steep rental price,
oftentimes $2,000 or higher per month. With the
median annual household income reaching
$54,000, people tend to seek rental
agreements around the $1,300 mark.
Consequently, these higher-end apartments sit
on the market for longer times. In 2015, rental
companies may opt to reduce the number of
higher-end apartments and cater more toward
lower-end needs.