Bad tenants: they’re the bane of the property manager’s existence. But there’s a lot you can do to protect yourself from the pain. You’ve heard the old joke: “This would be a great business except for the customers.” It’s not about property management per se; problem customers are among the biggest headaches in any service business. (more…)
Homes with drab landscaping rent more slowly, for less money, but those with fancy landscaping can require lots of maintenance. So how do you achieve a good-looking yard that enhances rental value without creating an expensive, labor-intensive headache? It’s easier than you might imagine to create low maintenance landscaping.
Here are eight tips for striking the perfect balance between beauty and ease of upkeep. (more…)
It’s Monday morning at your property management office. You open your email, and you’re already overwhelmed. Then the phone rings. It’s a tenant, wondering why you haven’t scheduled that plumbing repair they’ve needed for a week. The next call is your plumber, explaining that they haven’t received payment for the last job and they need a check right now if they’re going to work on a new one. Your email is full of new tenant applications, questions about whether you can take on another property, and much more.
For rental property management companies to succeed, it’s important to have an awareness of what’s going on in the industry. Are you up-to-date with the latest trends? In this article, we’ll explore which ones to keep top of mind. (more…)
Will the British decision to leave the European Union (Brexit) impact your US-based property management business?
Businesses exist to make money. It’s not a private company’s responsibility, per se, to contribute to the communities in which they do business; after all, you’re contributing just by providing a valuable service and paying taxes. So why voluntarily invest time and perhaps money in community projects or causes? Let’s address some concrete benefits first, since these are what usually drive a property management company to sponsor, say, a local Little League team or garbage clean-up day. (more…)
Rain can be a rental property’s best remedy for many landscape problems. Many nutrients essential to the survival of trees, plants and grass are stored in those precious rain drops that fall from the sky in the spring, summer and fall. But too much of a good thing is not always what’s best when it comes to curb appeal. Heavy rain or over irrigation can leave rental housing landscapes looking sickly and poor. Sometimes, the signs won’t show until it’s almost too late, even after the landscape dries out. (more…)
When prospective tenants look at your online property listing, the first thing they do is look through the photos. In fact, many people do not even bother to check out a listing if it does not have photos. And if the photos you do have are of poor quality or thoughtlessly taken, you may lose a customer right there. Check your current listing photos to find out if they suffer from any of the following mistakes. (more…)
A business is more than a collection of people, a building, or a product—it’s a brand and a culture, as well. As a business manager, you know how important it is to have a property management website that draws in new opportunities. However, it’s the way you interact with tenants, owners, and properties on the ground that builds your business into a strong brand. (more…)
Chances are, you love properties more than you love marketing them online. However, in our digital world, you must reach out and find new owners and tenants online. Mastering SEO and pay per click (PPC) marketing strategies can help make your online marketing pain-free for your management company. Here are 5 practices to keep top of mind. (more…)