BetterWho

NOVEMBER 26, 2024

Understanding the Rental Market Trends Rent prices are a hot topic for both property managers and renters. This blog explores the factors behind the current trends, including the potential for a rent price decrease , and offers insights to help property managers and renters navigate the ever-changing rental market.

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BetterWho

NOVEMBER 20, 2024

Growing a property management company is a rewarding yet complex journey. It requires balancing tenant relations, property maintenance, client satisfaction, and team management. Here’s a comprehensive guide on how to grow your property management business and thrive in this competitive industry.

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American Apartment Owners Association

DECEMBER 16, 2024

In the competitive world of property management, tenant turnover can be a significant drain on resources and profitability. The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up.

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Condo Control

JANUARY 13, 2025

Condo Control has been recognized as a Property Management Software Leader. 435 software companies were competing to earn a leader award in the property management category, and we were 1 of only 15 who were selected. On average, property management software companies get a score of 87% for ease of setup.

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Avantio

JANUARY 14, 2025

Property managers face a myriad of challenges, navigating through the short-term rental industry. Is investing in property management software the key to success in a competitive industry? Contents Toggle Is investing in property management software the key to success in a competitive industry?

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Rent Manager

JULY 31, 2024

The end of summer brings new residents to apartments, especially for off-campus college housing; however, there are countless year-long leases coming to an end as well. Consecutive turnovers […] The post How to Stay on Track with Unit Turnovers appeared first on Rent Manager Property Management Software.

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Buildium

DECEMBER 26, 2024

This pressure is carrying over to boards relationships with HOA managers. 27% of board members surveyed in our latest community association industry report pointed to finding and working with HOA management companies as a major source of stress for their communities. This is where you can set yourself apart.

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Real Property Management Chicago

JUNE 24, 2022

From virtual walk-throughs of properties (both for rent and sale) to automate a number of previously time-consuming tasks, proptech continues to disrupt the way that real estate investing and rental property owners have looked for decades. How can proptech help landlords manage their properties more efficiently and effectively?

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Rent Manager

AUGUST 14, 2024

Unlike typical multifamily properties, college living poses different challenges for property managers. Instead of resident move-in and move-out happening at various times throughout […] The post 4 Ways To Provide a Great Move-in and Move-out Experience appeared first on Rent Manager Property Management Software.

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MRI Software

DECEMBER 17, 2024

Property management in todays fast-paced world requires innovative solutions to stay efficient and competitive. Apartment complex management software provides the streamlined, effective solutions you need to stay on top of daily tasks. Why is apartment complex management software important?

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MRI Software

DECEMBER 6, 2023

Why is property management automation so crucial to the efficient running of a real estate organization? It’s because there is so much that goes into the proper management of an investment property, that property managers are going to be stretched thin without a robust real estate CRM automating key parts of the process.

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American Apartment Owners Association

DECEMBER 2, 2024

Strategic Management Effective property management is vital. Whether self-managing or hiring professionals, strategic management maximizes profitability. Property Management Software Once you’ve secured a multifamily property, efficient management ensures sustained profitability.

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American Apartment Owners Association

NOVEMBER 27, 2024

But in today’s increasingly competitive and dynamic market, generating Alpha—the excess return above market benchmarks—requires more than simply owning an apartment building and collecting rent. The key to success lies in creating value through strategic, hands-on management, operational excellence, and smart financial decisions.

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MRI Software

SEPTEMBER 5, 2024

Multifamily occupancy rates refer to the percentage of rented units in an apartment complex, compared to the total available units. For example, an occupancy rate of 90% in a 50-unit apartment means that 45 units are occupied. Utilize property management software to monitor occupancy rates over time and identify trends.

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MRI Software

APRIL 19, 2024

Investing in apartment complexes can be profitable, but there can be challenges. This guide will explore: Are apartment complexes profitable? How to calculate apartment complex profit margin. The advantages and risks of investing in apartment complexes. Is owning an apartment complex profitable?

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MRI Software

DECEMBER 1, 2024

Managing an apartment complex is a significant financial responsibility, requiring careful attention to cost management to maintain profitability. Successful property investors must focus on balancing operational costs, ensuring tenant satisfaction, and optimizing day-to-day management.

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MRI Software

AUGUST 2, 2024

In this guide, we will explore effective strategies for increasing recycling rates in apartments, condos, and other multifamily properties. Setting up a successful recycling program: Apartments, condos, and multifamily properties While there are challenges, you can still successfully implement a recycling program.

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American Apartment Owners Association

AUGUST 30, 2024

When you couple that with economic uncertainties like rising interest rates, potential recession fears, and geopolitical tensions, the pressure to deliver strong returns while managing costs is at an all-time high. Ensure the platform can integrate with your existing property management system and data sources.

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MRI Software

AUGUST 3, 2024

In the competitive landscape of property management, tracking the right Key Performance Indicators (KPIs) is crucial for optimizing operational efficiency and enhancing tenant satisfaction. By monitoring these KPIs, property managers can gauge the success of their objectives, projects, and team performance over time.

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Tokeet

AUGUST 12, 2024

How to Become a Property Manager: 8 Steps to Kickstart Your Career According to the U.S. Bureau of Labor Statistics , employment of property managers is projected to grow 7% from 2020 to 2030, reflecting the ongoing demand for skilled property managers in this field.

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American Apartment Owners Association

DECEMBER 2, 2024

Rental History: Review the property’s rental history to gauge its income potential. Effective Property Management Proper management is vital for maximizing your multifamily investment: Tenant Screening: Implement a thorough screening process to select reliable tenants who pay rent on time.

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Second Nature

SEPTEMBER 26, 2024

Property management automation refers to using technology and software to automate various tasks and optimize processes related to managing properties. That's why our focus is making life better for residents and easier for property managers. Which Property Management Tasks Should You Automate?

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MRI Software

MARCH 15, 2024

From maintaining optimal functionality to maximizing tenant satisfaction while minimizing operational costs, industrial property management plays a crucial role in driving value and ensuring sustained profitability. If you’re looking for ideas on navigating the industrial property space, this post is for you.

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MRI Software

SEPTEMBER 1, 2024

Upgrades can raise property values and increase rental income by making apartments more appealing with modern amenities and updated interiors. Reduce costly repairs Regular renovations can help you extend the life of your property by preventing major system failures.

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MRI Software

SEPTEMBER 2, 2024

This means that multifamily branding not only attracts potential residents but also significantly enhances property value. This guide will explore strategic branding techniques tailored for multifamily apartment marketing, helping you create a distinctive and memorable brand identity that resonates with your target audience.

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MRI Software

AUGUST 5, 2024

As a landlord or property manager, it’s essential that you meet these multifamily housing trends to attract and retain tenants. In this guide, we highlight the multifamily technology trends that are here to stay and why they are essential for modern residential properties. What is multifamily technology?

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MRI Software

SEPTEMBER 12, 2024

households owning a pet, the demand for pet-friendly apartments is rapidly growing. For multifamily property landlords and managers, this trend offers a great opportunity. Adding an apartment pet fee or an apartment pet deposit can attract more tenants to your properties and boost your income.

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Rent Manager

DECEMBER 9, 2024

Cincy Area Properties (CAP) Real Estate is a third-party management and apartment investment brokerage company located in the Cincinnati/Northern Kentucky area. The organization manages between 1,200 and 1,300 units, buys and sells apartment buildings, and conducts third-party management for clients.

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InveServe

MAY 16, 2024

As such, several key factors contribute to the success of multifamily property management in El Monte. Introducing the Multifamily Rental Property Market in El Monte, CA El Monte, located in the heart of the San Gabriel Valley, is a diverse and dynamic city with a bustling real estate market.

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MRI Software

DECEMBER 13, 2023

For property managers and management companies, staying ahead of these trends is crucial for success and growth. Multifamily property management software is a digital tool designed to streamline and enhance the operations of managing apartment complexes and other multifamily properties.

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Thanks For Visiting

JANUARY 7, 2025

Data Tracking and Management is Important When Scaling Airbnb Conclusion 9 Essential Tips to Scale Your Airbnb Business Successfully scaling an Airbnb business requires more than just acquiring properties. It demands strategic planning, robust systems, and top-notch property management software.

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MRI Software

FEBRUARY 24, 2024

In this blog, we look at why property managers and landlords should be offering benefits packages to tenants, as well as what you should include to ensure tenant satisfaction. By offering a curated selection of amenities and services, you can provide more value to your tenants and set your property apart in a crowded market.

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American Apartment Owners Association

SEPTEMBER 5, 2024

This article was contributed by DoorSpot property management software. Manage your entire portfolio with one simple tool. Managing rental properties can be both rewarding and challenging. No hidden fees or additional subscriptions are needed. Get 20% off of your first year as an AAOA member.

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MRI Software

AUGUST 4, 2024

This helps enhance tenant satisfaction and retention, ensuring the profitability of your property. There is often confusion between community and property management. Property management primarily ensures smooth operational and financial management, handling tasks such as the tenant referral program and rent collection.

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MRI Software

AUGUST 1, 2024

Amenity and technology fees in multifamily units Introducing amenity and technology fees can impact the attractiveness of your property. Here’s what these fees entail: What is an amenity fee for apartments? What is a technology fee for apartments?

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MRI Software

SEPTEMBER 8, 2024

Understanding the distinctions and overlaps between student housing and multifamily properties is crucial for landlords and property managers. An overview of multifamily housing in detail Multifamily housing encompasses various residential properties designed to accommodate multiple families or individuals.

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MRI Software

AUGUST 2, 2024

Setting up an apartment complex recycling program is the first step; next, you need to educate your tenants. The importance of educating tenants about recycling An important part of property management is keeping your tenants informed about all new policies and practices, including your recycling program.

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