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Tim Wehner is a former president of the National Association of Residential PropertyManagers (NARPM ). While hes no longer on the National Board of Directors, his experience in propertymanagement and expertise on all things NARPM make him a valuable source of information. Start us off right, Tim! Tim : Absolutely.
As a propertymanager, you already know that, to find new clients and tenants, youll have to meet them where they are. Let’s dive into some social media strategies for propertymanagement to help you broaden your reach and better engage with your audience. By doing so, youll be seen as knowledgeable and responsive.
If youre considering starting your own propertymanagement company, you may be tempted to look into propertymanagement franchises. In this article, well explore some things you should keep in mind if youre thinking about being a propertymanagement franchisee.
In the previous editions of our propertymanagement software buying guide, we covered the basics of how to compare propertymanagers, from key features software should have to assessing pricing models and customer reviews. We also explored specific considerations for multifamily propertymanagement software.
AI in PropertyManagement: Separating Hype from Reality Artificial Intelligence (AI) is revolutionizing various industries, and the propertymanagement business is no exception. Understanding AI in PropertyManagement AI refers to the simulation of human intelligence processes by machines, especially computer systems.
The propertymanagement industry is becoming increasingly competitive, and standing out requires a strategic approach to marketing. Heres how to go from invisible to irresistible by helping property owners find, like, and hire your company. The answer is search engine optimization (SEO). The simplest way to improve your reviews?
Success in propertymanagement often comes down to planning. Thats especially true when it comes to marketing your business and the properties in your portfolio. This post will walk you through how to craft a winning propertymanagement marketing plan tailored to meet your specific business needs.
Digital marketing might just be the most common and accessible way that propertymanagers can reach prospective owners and tenants. The Importance of Digital Marketing in PropertyManagement When property owners and renters begin their search for management or a rental unit, they usually start online.
Propertymanagement and the essential role of policies, written communication and procedures for the year ahead. By The Fair Housing Institute As the new year begins, propertymanagement professionals have the opportunity to reflect on foundational practices that ensure both compliance and operational excellence.
Buying propertymanagement software can be a big investment and—like any big investment—you want to be sure you’re making an informed purchasing decision, one backed by advice you can trust. Where do you find propertymanagement reviews in the first place? Theycan even be influenced by software companies.
Technology has fundamentally reshaped the way propertymanagers and their staff interact with residents. With new advancements in artificial intelligence (AI), many tools that properties use for payments and resident communication are being upgraded.
In this article, we’ll explain what vacancy loss is and why it matters, how to calculate it, its common causes and solutions, and even answer frequently asked questions. Lost Income Even if no one is living in the unit, you still have to pay for things like maintenance, property taxes, and utilities.
Are you a rental property owner stuck in the classic debate: landlord vs propertymanager ? In this guide, well break it all down, from the perks of being an independent landlord to the convenience of hiring a propertymanager, so you can confidently choose the right path for your rental business. Lets dive in!
Luckily, theres an easy answer: Propertymanagement accounting software. In this article, well explain why accounting software for propertymanagement is a must-have as well as our pick for the top software for 2025 so that portfolios both big and small can stay organized, up-to-date, and accurate.
In this article, well break down the typical timeframes for replacements and repairs, the factors that can affect these timelines, and who is responsible for appliance-related issues in the first place. No matter how hard you try, even with regular maintenance, all appliances will eventually reach the end of their lifespan.
.” Managing single-family rental (SFR) properties comes with unique challenges, particularly when it comes to balancing tenant satisfaction with propertymaintenance. One area that’s frequently overlooked but crucial for long-term cost efficiency is the maintenance of HVAC systems.
Article Contents Key Features of a Duplex Benefits of Investing in Duplexes Tips for Buying and Renting Out a Duplex Key Features of a Duplex What is a duplex, anyway? propertymanagement companies often manage duplexes, so we can walk you through the biggest features that differentiate this multi-family property from other housing types.
Owning rental property can be confusing at times. Having a propertymanager as part of the equation can be great, while at the same time it isn’t always entirely clear what falls within the scope of their role, what does not, and what costs the owner still has to pay for. So do propertymanagers pay for repairs?
Landlords have numerous responsibilities when it comes to running a rental property. One of the most important is rental propertymaintenance. Why Is Rental PropertyMaintenance Important? Propertymaintenance for rentals is crucial for several reasons. Let’s find out.
’ Whether you’re renting out one property or several, understanding taxes is crucial for your business’s health. In this article, we’ll cover the core tax tips every landlord should knowfrom what counts as rental income to how to track your expenses and deductions. Read below to learn more!
In turn, this offers a clear, succinct snapshot of a property’s profitability. In this article, we’ll break down exactly why your rental yield is essential to use, how to find it, and finally, how to calculate it for your property. What Is the Rental Yield (and Why Does it Matter?) Contact us today!
AI in PropertyManagement: Separating Hype from Reality Artificial Intelligence (AI) is revolutionizing various industries, and the propertymanagement business is no exception. Understanding AI in PropertyManagement AI refers to the simulation of human intelligence processes by machines, especially computer systems.
If this sounds familiar, you might assume propertymanagement software is just another expense eating into your profits. This article will investigate the true value of propertymanagement software, including its uses and benefits for landlords of all sizes (financial and otherwise).
If this sounds familiar, you might assume propertymanagement software is just another expense eating into your profits. This article will investigate the true value of propertymanagement software, including its uses and benefits for landlords of all sizes (financial and otherwise).
These duties include handling rent collection, tenant grievances, and maintenance requests. To save time and relieve stress, think about hiring a propertymanagement company to undertake these duties. Nevertheless, choosing the right propertymanagement company is essential, as they will represent you and your property.
Being a rental property owner or landlord, managing your property can prove to be challenging and time-consuming. Luckily, propertymanagement companies exist to aid you with tasks like tenant screening, rent collection, and maintenance.
For this reason, it’s essential to conduct proper maintenance whenever the seasons change. What parts of the property should you maintain when the weather gets warmer? Here are the most important parts of summer maintenance for landlords. Also, check if the gutters are properly attached to the property.
As a propertymanagement company owner, the recent NAR lawsuit might have you questioning your next moves. This isn’t just another headline; it’s a game changer for how we manageproperties and comply with new regulations. That means vacancies will be harder to fill.
As a propertymanagement business owner, the recent lawsuit between the Federal Trade Commission (FTC) and Invitation Homes has raised concerns across the industry. If you’re a propertymanager, this lawsuit serves as a stark reminder of the growing scrutiny on how propertymanagement companies handle tenants and fees.
We provide the information you need to assess your financial situation and find the right propertymanagement support. If you’re considering hiring help to manage your rental property, looking into Baltimore propertymanagement companies can be a good first step. Keep reading to find out more.
But what if someone was living in your property without you even knowing? In this article, well walk you through exactly what phrogging is, when it happens, what signs to watch for, and how to keep your property safe. As our rental propertymanagement in Northern Virginia can tell you, phrogging is a real problem.
These companies provide a way for individuals to invest in real estate without directly managingproperties. ”this article will walk you through everything you need to know. If youre asking yourself, “Are real estate investment trusts a good career path?”this What Is a REIT and How Does It Work?
If the landlord or propertymanager is happy with the tenants and the tenants are happy with the home, it makes sense to re-up and keep the relationship going. The post Lease Renewals: Tips for PropertyManagers and Landlords appeared first on Lula.
Key Takeaways from the Article Paying Rent Can Prevent Eviction If You Act Fast : Receiving an eviction notice doesnt always mean you have to leave. Its the landlords way of saying, If this issue doesnt get resolvedlike paying overdue rent or addressing a lease violationI might have to take legal steps to remove you from the rental property.
By The Fair Housing Institute Technology has fundamentally reshaped the way propertymanagers and their staff members interact with residents. With new advancements in artificial intelligence (AI), many tools that properties use for payments and resident communication are being upgraded.
Fortunately, with a professional approach, they are entirely manageable. In this article, you will find the most common lease violation types. Residents will gain helpful tips to prevent violations, while property owners can learn proactive ways to address them while building strong resident relationships.
Juggling tenant relations, maintenance, and financial obligations can quickly become overwhelming as responsibilities pile up. So, how can you manage these rental properties like a well-oiled machine? This article shares practical propertymanagement tips to help you streamline operations and boost efficiency.
This article will walk you through their key differences, compare their costs across a few neighborhoods, and share tips for choosing between the two. Content of This Article What is a Townhouse vs Apartment? Propertymanagers in Philadelphia can help you break down the differences between a townhouse vs apartment.
Opt for Tenant Screening Services Some organizations and rental propertymanagement companies offer tenant screening services to landlords. Do you need a rental propertymanagement company? RELATED ARTICLES: Can Tenants Get The Boot When Smoking In Apartments? It’s quick, efficient, and convenient.
When we oversee Washington DC propertymanagement we are conscious of the questions tenants (and sometimes landlords) may have with the jargon that is used. In this article, we will explore the following: What is the Difference Between a Lease and a Rental Agreement? appeared first on Bay PropertyManagement Group.
Whether you’re investing in commercial real estate, buying a single-family home, or looking at alternative investment choices like REITs, it’s critical to understand how to build and manage equity. Content for the Article What is Real Estate Equity? Read below to learn more. How is Equity Calculated?
Because even small screening and lease agreement mistakes can cost you thousands in lost rent, legal fees, and property damage, not to mention time, stress, and lost sleep. This article focuses on the real-world consequences of 4 common landlord mistakes, so YOU can avoid rental management nightmares and protect your investment.
Therefore, a comprehensive screening procedure can contribute to a successful and stress-free tenancy by reducing risks like non-payment of rent, property damage, and legal problems. As a Baltimore propertymanagement company, we’ll share some steps you could follow. Read below for some key tenant retention strategies.
As one of the premier propertymanagement companies in Philadelphia, we understand how the terminology can sometimes be confusing. In this article we will go over the following: What is an SFR in Real Estate? How a PropertyManager Could Help There are all kinds of low-risk (or low-ish risk) real estate options out there.
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