Peter Lohmann argues property management will split like Uber: platforms will capture the high-margin software side while traditional managers get stuck doing low-paid grunt work like showings and evictions, effectively becoming gig workers.
I don't think it's going to be that at all. I think it's going to be property managers are brought in to do the grunt work, the worst of the worst, the lowest value activity, and all of the sweet margin and sexy online software part of it is going to go to these other companies. And it's like, yeah, property manager, you guys can do the showings and the evictions and we're going to handle everything else. And it's like, and we'll pay you some flat hourly rate, some horrible flat hourly rate to do that. It's the Uberfication of property management. That's what you see happening.
