Tools commonly used in the Real Estate-Rental Service industry for day-to-day tasks and operations.

• Property management software
• Online listing platforms
• Tenant screening services
• Lease agreement templates
• Accounting software for rent collection and financial management
• Maintenance and repair tracking software
• Marketing and advertising tools for property promotion
• Real estate market analysis tools
• Customer relationship management (CRM) software for tenant communication
• Legal document templates for eviction and lease termination

Common products and services typical of NAICS Code 531210-06, illustrating the main business activities and contributions to the market.

• Apartment rentals
• Vacation home rentals
• Office space rentals
• Retail space rentals
• Warehouse rentals
• Storage unit rentals
• Event space rentals
• Parking lot rentals
• Equipment rentals for construction or landscaping
• Short-term rentals for film or photography shoots

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Certified Property Manager (CPM): A certification provided by the Institute of Real Estate Management (IREM) that recognizes expertise in property management. The certification requires a combination of education, experience, and passing an exam.
• Certified Commercial Investment Member (CCIM): A certification provided by the CCIM Institute that recognizes expertise in commercial real estate investment. The certification requires a combination of education, experience, and passing an exam.
• Real Property Administrator (RPA): A certification provided by BOMI International that recognizes expertise in property management. The certification requires a combination of education, experience, and passing an exam.
• Accredited Residential Manager (ARM): A certification provided by the Institute of Real Estate Management (IREM) that recognizes expertise in residential property management. The certification requires a combination of education, experience, and passing an exam.
• Fair Housing Certification: A certification provided by the National Apartment Association (NAA) that recognizes expertise in fair housing laws and regulations. The certification requires passing an exam.

A concise historical narrative of NAICS Code 531210-06 covering global milestones and recent developments within the United States.

• The Real Estate-Rental Service industry has a long history dating back to ancient times when landlords rented out their properties to tenants. In the United States, the industry began to take shape in the late 19th century when the first apartment buildings were constructed in New York City. The industry continued to grow throughout the 20th century, with the introduction of new technologies such as online rental listings and virtual tours. In recent years, the industry has faced challenges due to the COVID-19 pandemic, with many renters struggling to pay their rent and landlords facing financial difficulties. However, the industry has also seen opportunities for growth, with an increased demand for single-family homes and a shift towards remote work leading to a rise in demand for rental properties in suburban and rural areas.

The anticipated future trajectory of the NAICS 531210-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The Real Estate-Rental Service industry in the USA is expected to grow in the coming years due to the increasing demand for rental properties. The industry is expected to benefit from the growing population, rising disposable income, and the trend of millennials preferring to rent rather than buy homes. The industry is also expected to benefit from the increasing number of people moving to urban areas, which is driving up demand for rental properties. However, the industry may face challenges due to the increasing competition from online rental platforms and the rising interest rates, which may make it difficult for people to afford rental properties. Overall, the industry is expected to grow steadily in the coming years, but it may face challenges due to the changing market conditions.

Recent groundbreaking advancements and milestones in the Real Estate-Rental Service industry, reflecting notable innovations that have reshaped its landscape.

• Virtual Property Tours: Real Estate-Rental Service companies are now offering virtual property tours to their clients, which allows them to view properties from the comfort of their homes. This innovation has made it easier for people to view properties without having to physically visit them.
• Online Rental Platforms: Online rental platforms such as Zillow and Trulia have revolutionized the Real Estate-Rental Service industry by making it easier for people to find rental properties. These platforms allow people to search for properties based on their preferences and budget, which has made the process of finding a rental property more efficient.
• Smart Home Technology: Real Estate-Rental Service companies are now incorporating smart home technology into their properties, which allows tenants to control various aspects of their homes using their smartphones. This innovation has made it easier for tenants to manage their homes and has also increased the value of rental properties.
• Sustainable Properties: Real Estate-Rental Service companies are now focusing on building sustainable properties that are energy-efficient and environmentally friendly. This innovation has not only helped to reduce the carbon footprint of the industry but has also attracted tenants who are environmentally conscious.
• Co-Living Spaces: Real Estate-Rental Service companies are now offering co-living spaces, which are shared living spaces that offer a sense of community and affordability. This innovation has made it easier for people to find affordable housing in urban areas and has also helped to address the issue of social isolation.