Property Management News
May-August are common times for people to relocate, making it a busy season for landlords and property managers. As peak rental season gets into full swing, a little extra preparation can have a big impact on your ROI, stress levels, and customer service to potential tenants. Maximize peak rental season by understanding the tenant lifecycle, updating your website and listings, capitalizing on renewals, and having a vendor list or DIY maintenance kit on-hand. Peak rental season can be overwhelming in the rental industry, especially if you don’t prep well behind the scenes. With National Moving Month in May and the school soon out for summer, the months between May and August can be a... Read more
Ever wonder if there’s a quick way to get a feel for whether the asking price or future value for a multifamily property is in line with its competitors? Knowing the...
Leasing is at the heart of a thriving residential property management business. Whether you’re handling a cozy multi-family building or a sprawling apartment complex,...
Most landlords anticipate a few cleaning and repair expenses when a tenant moves out. But what many don’t realize is just how expensive rental turnovers can become...
Do you lose new leases and renewals when renters present sales objections? An objection is anything that runs contrary to your offer. It could be a complaint about...
🤕 Problems & symptoms of a negative resident experience “We have a good renewal system, but still higher than normal turnover.” Resident satisfaction must become a priority if you want to reduce turnover and eliminate vacancies because falling short of the expectations you set forth for the residents before they signed their lease will weaken every other area of your operation. How? A resident’s negative experience usually leads to them leaving a negative review of your community online. Considering that renters today crave authenticity and are more influenced by what your residents say about their living experience in your community than any of your marketing... Read more
Protecting what’s yours is one of the most important parts of managing a rental property. And if you’ve been asking yourself, “What insurance do I need if I rent...
Problems & symptoms of a weak lease renewal strategy You don’t have a renewals system or strategy. The first line of defense in combating vacancies is having a...
As a residential property manager, one of your most important responsibilities is selecting tenants who will pay rent on time and care for your property. That’s where...
Recent years have seen a boom in demand for luxury vacation rentals. More and more travelers opt for vacation rentals over hotels, and high-net-worth guests are looking...
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