Costs are climbing faster than many operators expected, and teams are actively trying to figure out how to keep up without creating new problems in the process. The Federal Reserve Bank of Minneapolis found that more than half of all operating expense (OpEx) inflation since 2020 ties back to property insurance, with premiums roughly doubling between 2021 and 2024. At the same time, rent growth has slowed in many markets, so passing those costs on to residents just isn’t as simple as it used to be.
