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Property Management Systems (PMS) and property operations software have imperceptibly become a necessity, the heart of the multifamily business ecosystem. Every property owner, from small to boutique, corporation to multinational, will eventually come across this conundrum: to build or buy their operations platform, at least once in their career. While it’s true that some larger multifamily ownership groups and property management companies have developed their own proprietary PMS or property operations software in house, it’s definitely the exception, not the rule. Here are the things to consider before deciding to build your own property management platform or operations software.
