October, 2024

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6 must-know industry trends for small property managers

Buildium

Like many small property managers, you probably want to grow your business. But how do you go about it when you have limited resources for marketing, hiring staff, adding new services, etc.? The key is to prioritize growth strategies that don’t break the bank but still deliver big returns. That means staying on top of industry trends and knowing where the real opportunities lie—all covered in the 2025 Property Management Industry Report.

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How to Prove Your Tenants Are Smoking in Their Unit

Genuine Property Management

Every owner of a rental property wants to keep it as clean and livable as possible. One never knows when a current tenant will decide to leave, and it has to be shown again for potential new residents. The last thing a landlord wants to discover is damage from cigarette and marijuana smoking. It is […] The post How to Prove Your Tenants Are Smoking in Their Unit appeared first on Welcome to Genuine Property Management.

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Tackling Rental Property Vacancy: Solutions and Actions

Osprey Property Management

Being a real estate investor is all well and good when the rental income comes in every month on the dot, but what if you have a vacant property? Whether you're stuck trying to figure out how to find a new tenant for your recently purchased rental property or have to remove a renter who couldn't keep on top of rent , property vacancy can be a stressful and costly time.

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How to Purchase a Rental Property at Auction

Real Property Management Chicago

Comparable to many rental property investors, pursuing a great deal may lead you to contemplate buying real estate at an auction. Nevertheless, you need to be quite knowledgeable about several things before your first auction. Buying income properties at auction includes much more risk than acquiring them elsewhere. Although having reliable information and a strategy can help reduce some of that risk, real estate auctions will never be good for the scared – or risk-averse – investor.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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5 Reasons Why Video is The Future of Property Management

Fourandhalf

Video has cemented itself as a dominant force in marketing. Since our original blog on this topic in 2017, platforms like TikTok, YouTube, and Instagram Reels have significantly influenced user behavior and reshaped how people consume information using video marketing. What was clear then remains true today: video isn’t just a passing trend—it’s the future of marketing.

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5 Tips for Getting Along with Roommates

Real Property Management Evertrust

Living with other people can provide unique difficulties, whether you’re a recent college graduate moving into your first apartment with roommates or considering a long-term arrangement in your rental home. Neglecting little arguments can lead to substantial confrontations, prompting a search for solutions to live in your home peacefully! This article presents five tips for creating a harmonious living situation with your housemates.

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HOA Reserve Study Requirements By State

HOA Managememt

What are the HOA reserve study requirements by state? Depending on the location, some homeowners associations have a statutory requirement to conduct a reserve study. Board members must understand whether such a requirement applies to their HOA to avoid potential liability. HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association.

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Creating a Better Future: Honoring AppFolio’s Inaugural FutuREist Award Winners

Appfolio

We debuted the FutuREist Awards at AppFolio’s 2024 FUTURE Conference. Check out the property management companies that are building a better future.

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Groundskeeping 101: Bring the Best Out in Your Property

Real Property Management Chicago

A rental property’s exterior is influential to its curb appeal. When it comes to groundskeeping, you should ensure that your property has a neat and attractive yard. This has the potential to improve your property values and attract good tenants. However, it can be complicated to determine which types of landscaping are ideal for a rental property and how to maintain it appropriately.

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5 Reasons Why Property Managers Should Join NARPM

Fourandhalf

As a property manager, you juggle numerous responsibilities daily, from managing tenant relationships to maintaining properties. In addition to all the day to day tasks, this dynamic and demanding field requires continuous learning and professional growth. Staying ahead of industry trends, legal changes, and best practices is important for your business.

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Why You Should Never Pour These 5 Things Down the Drain

Real Property Management Evertrust

If you have to clean up after a meal or a project, your primary instinct might be to pour any leftover liquids down the drain. On the other side, pouring certain materials down your drain can greatly damage your plumbing system and the environment. Harmful chemicals, in particular, can wreak havoc on your pipes and wastewater treatment, which can cause costly repairs for you and multiple complications for the water treatment facility.

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Embracing Change: Navigating Technology Implementation in Property Management

American Apartment Owners Association

By Cris Kimbrough, Chief Strategy Officer, SKBM Smart Technology Change is never easy, especially when it involves adopting new technology. Having spent years working at the intersection of emerging technologies and real estate, I’ve seen firsthand how daunting it can be for property owners to integrate smart building solutions into their operations.

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Effective Landlord-Tenant Communication: A Guide to Property Management Success

Osprey Property Management

Good communication is the backbone of effective property management, helping to prevent misunderstandings and fostering a harmonious landlord-tenant relationship. At Osprey Property Management, we emphasize the power of streamlined communication to elevate property management standards.

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The Benefits of Working with a Licensed Real Estate Company for Airbnb Property Management

AirKeeper

When it comes to your short-term rental investment, who you partner with makes a world of difference. At AirKeeper, were proud to be a fully licensed real estate company, which allows us to offer our clients enhanced protection, compliance, and expertise. Licensing isnt just a formalityits a critical safeguard for property owners and their investments, ensuring adherence to financial, legal, and ethical standards 1.

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10 SEO Strategies For Self Storage Leaders

Yardi Breeze

Today, most independent self storage leaders are competing against powerful REITs. You probably knew that, which means you also know that REITs stand at once big advantage: they can offer super low introductory rates that quickly go up once the customer is settled in. However, with the right Search Engine Optimization (SEO) strategy, small self storage businesses can step up their game to take on competition big and small.

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Infographic: Renters’ top amenity picks heading into 2025

Buildium

What are the features of rental properties that are attracting interest in today’s competitive market? Buildium surveyed more than 1,500 U.S. renters to find out. When it comes to amenities, what renters told us boils down to two key points: Features of the unit (where renters spend most of their time) are more influential than shared amenities, particularly as renters’ interest has risen in smaller rental properties that aren’t as conducive to community amenities.

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Facing Fear And Turning Neurodiversity Into An Asset: Strategies For Success From A Leader With Severe ADHD

Beach Front Property Management

The post Facing Fear And Turning Neurodiversity Into An Asset: Strategies For Success From A Leader With Severe ADHD appeared first on Beach Front Property Management Inc.

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AAOA’s First Hybrid Rental Housing Conference Features “Squatter Hunter” Flash Shelton and LiftMaster’s Smart Access Control Solutions to Help Apartment Owners Keep their Rentals Secure

American Apartment Owners Association

Nationwide & Long Beach, CA October 16, 2024 The American Apartment Owners Association (AAOA) is proud to host its first-ever hybrid Rental Housing Conference on October 16, bringing together thousands of attendees through both in-person and livestream options. This one-day event is specifically tailored for DIY landlords, real estate investors, realtors/brokers, and property managers seeking the latest insights and tools to manage their properties more effectively and is FREE for AAOA pai

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ADDA Community Times – October Edition

ADDA

Welcome to the October edition of ADDA Community Times! Before we get started with our Updates and Community News, let us take this opportunity to wish you, your family and your vibrant community – A Very Happy Diwali! ADDA in News! ADDA has been a pioneer in the Community Management Space. In the below article, read about ADDA’s pioneering work in bringing Data Security best practices and cutting edge technologies like IoT, AI in Community management space.

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The Benefits of Working with a Licensed Real Estate Company for Airbnb Property Management

AirKeeper

When it comes to your short-term rental investment, who you partner with makes a world of difference. At AirKeeper, we’re proud to be a fully licensed real estate company, which allows us to offer our clients enhanced protection, compliance, and expertise. Licensing isn’t just a formality—it’s a critical safeguard for property owners and their investments, ensuring adherence to financial, legal, and ethical standards 1.

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What A Difference Affordable Housing Software Can Make

Yardi Breeze

During the 1980s, Great Western Management (GWM) developed 15 residential properties with subsidies from the United States Department of Agriculture (USDA) under its Section 515 Rural Development (RD) program. For decades, GWM managed those properties, along with a portfolio of commercial and storage properties with an accounting software program. Over the years, GWM noticed that RD reporting was taking more time because their affordable housing software did not interface with the USDA MINC repo

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Commercial Tenant Retention Strategies

Genuine Property Management

Retaining commercial tenants is vital for maintaining steady cash flow and reducing the costs associated with turnover. A proactive approach to tenant retention can lead to long-term relationships and a well-maintained property. Here are some key strategies to help ensure your commercial tenants stay satisfied and loyal. Offer Flexible Lease Terms Tenants appreciate flexibility, especially […] The post Commercial Tenant Retention Strategies appeared first on Welcome to Genuine Property Man

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8 Ways Property Owners Can Enhance the Resident Experience

Beach Front Property Management

The resident experience includes every interaction with their property manager and the rental property, from signing the lease to moving out. This experience covers everything, such as the quality of services provided, timely maintenance, clear communication, and the overall enjoyment of living on the property. Ultimately, it reflects how residents feel about their entire rental journey.

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Occupancy Limits and Fair Housing Compliance: Navigating Enforcement and Accommodation Requests

American Apartment Owners Association

As the demand for housing continues to rise, property managers face the dual responsibility of maintaining occupancy standards and adhering to fair housing regulations. Occupancy limits are a fundamental tool used to ensure the safety, comfort, and well-being of residents while safeguarding property integrity. However, enforcing these limits while remaining compliant with fair housing laws can present challenges, particularly when requests for reasonable accommodation are involved.

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5 Proven Strategies to Scale Your Property Management Business Without Losing Efficiency

BetterWho

Scaling your property management business is an exciting step toward growth, but it comes with operational challenges. As your portfolio expands, maintaining efficiency becomes a critical task. Without the right strategies, growth can lead to bottlenecks, decreased profitability, and customer dissatisfaction. In this post, we’ll explore five proven strategies to help you grow your property management business while ensuring efficiency remains at the forefront.

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Accounting Software for Cooperative Housing Society

ADDA

Managing the financial records of a cooperative housing society is a responsibility that requires precision, transparency, and compliance with statutory regulations. For management committee members who are often professionals with a keen eye for efficiency and detail, manual accounting methods can be time-consuming and error-prone. Enter ADDA Books, the premier accounting software for cooperative housing society, designed to simplify, streamline, and elevate your financial management processes.

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Yardi Breeze: Small Business Leader In G2 Fall 2024 Reports

Yardi Breeze

Software marketplace G2 has released its Fall 2024 Reports revealing current leaders across multiple categories, as voted by verified users. Yardi Breeze ® was awarded 10 mentions as Leader, Small Business Leader and Momentum Leader in multiple categories including property management, rental payment, real estate investment management, lease administration and community association management.

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How to Hire a Property Manager

Genuine Property Management

Hiring a property manager is one of the most important decisions you will make when investing in rental properties. A skilled property manager can save you time, reduce stress, and help maximize the return on your investment. Whether you are managing a single property or a portfolio, finding the right property manager will ensure smooth […] The post How to Hire a Property Manager appeared first on Welcome to Genuine Property Management.

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Creating Standout Renter Experiences with Ronald Harrington

Appfolio

Join Zack Kass, Futurist and Former Head of Go To Market for OpenAI, on The Top Floor podcast as he demystifies AI strategy, offers actionable approaches for creating an AI-empowered organization, and reveals how to leverage AI to future-proof your real estate management business.

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Flipping Vs. Renting- Which Real Estate Strategy is Best for Long-term Gains

Beach Front Property Management

If you are considering real estate investing but are unsure where to start, it is essential to choose the right method for your goals. Two popular options are flipping houses and renting out properties. Flipping involves buying homes, renovating them, and reselling them for profit, offering faster returns but requiring more time, effort, and upfront cash.

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5 key property management industry trends to guide your 2025 planning

Buildium

Heading into 2025, property management companies face a number of obstacles: They’re challenged to expand their portfolios without compromising the quality of service they deliver to their customers. They’re challenged to grow their revenue in spite of increased costs and flat rent growth in many areas of the U.S. They’re challenged to prove the value of their services to cash-strapped rental owners in a competitive business environment.

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How To Manage Your Society Clubhouse?

ADDA

A well-managed society clubhouse serves as the heart of community interaction, recreation, and social bonding. Whether you are part of the management committee, a property manager, or a resident looking to ensure the efficient use of this vital amenity, Understanding how to manage society clubhouse is essential for efficient community living. This guide will walk you through the concept of clubhouse management, its benefits, and This guide highlights how cooperative society software like ADDA he

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Rent Payment Methods Landlords Should Offer Tenants Apart From Cash

Rental Choice

Cash is a popular way to collect rent in the United States. However, while it may be liquid, cash payments are not always reliable. Renters may easily default on the payment. They are also prone to human error. What other rent payment methods should landlords consider? Why Offer Other Rent Payment Methods? Offering various landlord rent payment methods provides many benefits for both the landlord and tenant.

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How to Determine ROI on Rental Property

Genuine Property Management

Investing in rental properties can be a profitable venture, but understanding the return on investment (ROI) is crucial for evaluating your property’s success. ROI helps assess the profitability of a property, guiding decisions about whether to keep, sell, or improve it. Without knowing your ROI, you could miss out on maximizing the potential of your […] The post How to Determine ROI on Rental Property appeared first on Welcome to Genuine Property Management.

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Must-Attend Sessions at FUTURE: The Real Estate Conference by AppFolio

Appfolio

Attend FUTURE, the Real Estate Conference by AppFolio. Join top industry leaders, AI experts, and innovators for 40+ sessions, keynote speaker inspiration, and a Boyz II Men performance. Gain insights into AI, market trends, and more to stay competitive in the real estate industry.

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How Do Presidential Elections Impact the Real Estate Market

Beach Front Property Management

The presidential election is fast approaching, prompting important considerations for buyers and sellers. Considering the year’s uncertainties, some clients may already be re-evaluating their real estate plans, with the upcoming election adding further questions to their decision-making process. Real estate has taken a prominent role in the pre-election discourse, and while clients might not be voicing their concerns directly, they are probably thinking about how the results could affect their