Talking to others is the cornerstone of any business, and in a relationship that can be complex, effective communication is even more important. An article in the Seattle Times states that “perhaps the most underappreciated art in the rental-housing industry is that of simple communication. A majority of unpleasant issues faced by landlords and tenants seem to sprout from the soil of communication breakdown.” While you strive for excellent communication at your rental property management business, it’s hard to be available 24/7. If phone contact with your customers is one of the challenges of your business, you may need a contact center. (more…)
Starting a property management blog can be overwhelming, but has huge benefits for your business. In fact, blogging is one of the most important actions you can take to keep your website up-to-date and make sure your tenants informed.
Here are 5 ways you can use a blog to help turn site visitors into tenants: (more…)
As a property manager, you function as a matchmaker. Your rental ads showcase your properties to bring interested tenants into your business. When you’re developing rental advertisements, how can you make sure that you hit the mark and draw in those who are the right fit for a property? (more…)
Money, money, money: is your fee management structure for your rental property management business working for you? Many fee structures and payment systems are frustrating to build, track, and understand. The more time you spend collecting property management fees, the less you have to spend on marketing, maintenance, and owner and tenant interactions. Forbes states that a streamlined fee structure and payment system is essential to your business: “Whether you receive payment for services and goods today, or the next month, can be a significance difference for your company’s operations.” How can you bring your fee management systems to the next level? (more…)
With a green lawn and fresh paint, your properties have excellent curb appeal and can attract new tenants easily. But what about your company’s digital curb appeal? Forbes states that “design elements are exponentially more powerful than content, in terms of mistrust.” If those who visit your website get turned off because it looks old, run-down, and scattered, it’s time for a renovation. (more…)
At times, property management can be nerve-racking. According to FindLaw, “if a tenant sustains physical or property damage after a landlord becomes aware that the property is unsafe, an injured tenant may be able to sue and recover compensation from the landlord.” If you’re not a little bit concerned about the safety of your rental properties, you should be. Lawsuits from tenants or their visitors can be time-consuming and costly. As a property manager, you are responsible for ensuring that your properties are safe, and to do so effectively you need a property inspection software. (more…)
Many millennials understand that owning real estate is a path to becoming independent. While it presents opportunities for freedom and profitability, property owners also face tremendous responsibility. Each decision they make impacts their bottom line and the success their property management business.
The process of renting out a property and finding caring tenants raises many concerns. For those serious about growing their property management business, a good place to begin is by following these tips: (more…)
When you’re trying to target your listings for your single family properties, you need to understand who’s looking at them. The Telegraph says that “Getting to know the target market can allow landlords to take advantage of a niche that others may not have exploited.” Whether you’re looking for a tiny niche or wanting to capture the shifting demographics of your city, by targeting your listings to your audience, you’ll have better, more specific outreach and find new tenants quickly and easily. (more…)
Rental property management is a difficult job, but it can be made easier when the manager uses the proper tools. With good property management software in place, a manager can analyze property activities and determine ways to streamline maintenance processes and lower overall management costs. In order to utilize software to its fullest potential, it’s important to understand the ways in which costs can be lowered while still maintaining the highest possible level of service to tenants. (more…)