Property manager Frontdesk laid off staff amid reports of company closure - PhocusWire
Summary
Property management company Frontdesk is reportedly laying off staff and potentially closing. This is a reminder of the volatility in the STR market and highlights the importance of choosing reliable partners and managing your operations closely.
Key Insights
- •Property manager Frontdesk is laying off staff amid reports of company closure.
Action Items
- ✓If you use a property management company, assess their financial stability and operational performance.Effort: mediumImpact: medium
Watch Out For
- ⚠Relying solely on a single property management company without having contingency plans for operational disruption can be risky.
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