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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.
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.
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.
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.
Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering
The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to keyless entry, in-room entertainment, and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that
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.
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.
One of the biggest responsibilities you’ll have as an association manager is keeping your HOA’s finances in good shape. And if you’re new to the job, you might be wondering exactly what that looks like on a day-to-day basis. How do you ensure the budget stays on track? What steps should you take to maintain financial health for the long haul? In this guide, we give you the full HOA finances picture.
One of the biggest responsibilities you’ll have as an association manager is keeping your HOA’s finances in good shape. And if you’re new to the job, you might be wondering exactly what that looks like on a day-to-day basis. How do you ensure the budget stays on track? What steps should you take to maintain financial health for the long haul? In this guide, we give you the full HOA finances picture.
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.
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.
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.
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.
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.
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
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.
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.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
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.
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.
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.
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.
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.
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.
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.
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
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
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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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