Single family property management companies have much to gain from using online payment options. Instead of chasing down checks during rent week, property managers can easily track which tenants have paid, and when, using an online system. This fast, convenient option is also ideal for tenants who can choose their preferred payment option and pay rent on their own schedule. (more…)
Surprisingly, when it comes to rental properties, most property managers and landlords think that staging is irrelevant. But here’s a fact. Staging is not just for people who are looking to sell a home. Your prospective renters are looking for a home, not just a stark, vacant building. Moreover, when done the right way, staging rentals can help draw their attention to your property’s top assets and play down the drawbacks. (more…)
Our world is more connected than it has ever been. For some people, mobile phones could be an extension of their arms—with people constantly checking the news, tweets and Facebook updates. By now, most business owners have realized that a strong digital marketing strategy should be leading their marketing efforts. Are you one of them? (more…)
As a property manager, you understand the stress associated with rent week. Tenants rush to your business office before closing to submit their rent, while you struggle to track down others who have forgotten to pay. Countless checks need to be deposited at the bank, and you’re still waiting on payments that tenants insist are “in the mail.”If this scenario sounds familiar, it’s time to rethink your process. (more…)
Is your rental property management business intelligent?
According to Small Biz Trends,
“previously, data had to be manually pulled into spreadsheets, custom calculations had to be created, and then data was exported into graphs for analysis.”
This laborious process made it difficult to get accurate data on your business. But with new tools, you can measure growth with business analytics software. Find out more! (more…)
“Through 2016, certain upgrades are eligible for tax credits, such as solar panels and geothermal heating and cooling systems, and specified types of water heaters.”
Want to take advantage of these incentives and create green rental properties? Learn how in our interview with Gary Wollenhaupt of ProudGreenHome.
Your property management business plan guides you through the challenges and opportunities that arise in any business environment. How often should you change it? (more…)
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…)