Rental Property Management Blog - Tips, Trends & News

Property Management Accounting Software Relieves Tax Headaches

property management accounting software

When spreadsheets are used for complex reporting and other business-critical functions, errors abound. An article from Forbes states that based on various studies, “88% of spreadsheets contain errors.”

As you gather your financial and accounting data for the coming tax season, how confident are you that your spreadsheets are accurate? (more…)

Propertyware’s “Implementation Yogi” Helping Single-Family Clients Breathe Easier

With his team of implementation experts and trainers, Tom Hall is taking the stress out of the single-family client journey.

Our first profile in this series addressed Senior Vice President James Wagley’s mission to improve and stabilize Propertyware’s products, pricing structure and customer service before moving on to any new bells and whistles.

The “product” part of this mission is currently ahead of schedule in the hands of ace software engineer LaTonya Green, profiled in our second article. And here, in the third, we turn to the implementation and training side of things, with Tom Hall, director of client services for single-family. (more…)

Fourteen Tricky Questions Commonly Asked by Prospective Tenants

prospective tenants

While some prospective tenants fall in love with your property immediately, most approach with a bit more caution. They will ask a lot of questions, including some that may deviate from the standard script. These renters have typically done their homework about the neighborhood and community, and they require a bit more assurance before they will sign a lease. However, cautious prospects often make very good renters because of their attention to rules and details, so be patient with them. (more…)

5 Innovative Ways to Keep Your Tenant Pipeline Flowing

tenant pipeline

If you have units available and new listings to make, the marketing process is straightforward. But what if you don’t have anything to market? How do you keep your tenant pipeline flowing and ready for your next listing?

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Five Ways to Highlight Every Rental Property’s Most Sellable Features

rental property

Every property is different—and each one has features that make it stand out from the rest of the rental opportunities nearby. Knowing how to bring those to the forefront to attract new tenants, however, is the challenge. Luckily, there are a few simple ways to highlight these features with minimal photography skills and budget.

If you do it right, you can also start building a brand for yourself, thanks to engaging videos, improved Instagram posts and more. Keep these tips in mind as you prepare for spring and summer rental season. (more…)

Property Manager Training is Key to PMC Growth

property manager training

“About a third of workers say they don’t have the education and training they need to get ahead, and many are trying to do something about it.” Property Management Insider. How can you ensure that your property management company can handle growth and change? Simple: property manager training is key.
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Tax Season Tips for Property Managers

property managers

It’s getting pretty late in the year as far as tax season goes. If you’re actively searching out tax articles concerning your property management business, you most likely fall into one of the following categories: You’ve either put it off so long you’re in a panic, or you’re in planning mode for next year. If you’re a procrastinator, this writer feels your pain. For property managers who drag their feet until the last minute, here are some things to be thinking about right now. (more…)

Your Property Management Software Checklist

property management

The explosion of software apps has made property management infinitely more efficient, accurate, profitable and even enjoyable. Many of the headaches and hassles traditionally burdening property management professionals have been solved in the cubicles and break rooms of today’s industry-leading software companies. (more…)

How to Generate 1099-MISC Forms in Propertyware

It’s the end of year and we all know what that means: generating and sending 1099-MISC forms. Propertyware can automatically fill in the blanks of form 1099-MISC, producing either a print-out or e-Filing. To help ease the process a bit, we’ve compiled answers to the most frequently asked questions about this process. (more…)

The Value of Online Payments for Tenants, Owners and Vendors

online payments

While other industries adapted quickly to online payment systems, many property management companies still insist on paying and receiving money with old-fashioned paper checks. However, as more millennials – some of whom have never even written a check – move into rental housing, wider ranges of payment options have gained traction. Online payment systems deliver so many benefits, among them:

  • Offering tenants a welcome convenience
  • Reducing late rent payments
  • Slashing time spent processing payments
  • Simplifying the accounts payable and receivable processes with vendors and owners

(more…)

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