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Despite shifting market conditions, the propertymanagement industry continues to grow at a stellar rate. According to Buildiums 2025 PropertyManagement Industry Report , 82% of the management companies we surveyed experienced portfolio growth within the last two years. They want fee information up front, as well.
states, affecting everything from electronic voting to accessible parking. California Electronic voting permitted It has finally happened! Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. Check out the new laws that have come into effect in 2025.
It includes everything from online tools for finding and managing tenants to apps for tracking payments and repairs to virtual reality tools for viewing properties. If you’re not utilizing proptech yet, you’re missing out on a lot of benefits and gains. Contact us online today!
Reducing Utility Expenses Utility costs are a significant expense for PHAs, often accounting for 20% to 25% of operating budgets. Electronic document signing solutions, including MRI Secure Sign , enable PHAs to move to electronic signatures, eliminating paper-based inefficiencies, and streamline document management and workflow.
They include a 10% tariff on furniture, linens, and electronics from China. This impacts costs, whether it’s your rental property or your common household items. Appliances and Electronics The majority of appliances and electronic devices originate from China and Mexico. It will offer some extra value as well.
Implementing a virtual tour system for prospective tenants can serve as an effective means of acquainting them with the rental properties prior to their physical visit, thereby showcasing what to anticipate. You can show your rental properties to potential tenants without requiring them to leave their homes or work schedules.
Propertymanagement automation refers to using technology and software to automate various tasks and optimize processes related to managingproperties. That's why our focus is making life better for residents and easier for propertymanagers. Which PropertyManagement Tasks Should You Automate?
The integrated partnership with MRI provides consumers with easy-to-use, flexible and secure electronicutility bill payment experiences through their preferred payment channel and type. Why propertymanagers must enter modernization mode According to the latest How Americans Pay Their Bills industry report, 49.9%
The process of moving in and out of a rental property can be challenging for both tenants and landlords, but it doesn’t have to be. As Gardena propertymanagers , we have some systems in place that allow for both the move-in and the move-out to be automated, efficient, and easy.
Additionally, utilizing software for agenda preparation, meeting scheduling, and record-keeping can help organize and manage meetings more effectively. Online Voting Systems Online voting systems can streamline the decision-making process, allowing board members to cast their votes electronically.
Energy efficiency offers a healthier environment and lower utility costs. Studies show that utilizing energy-saving techniques can lower your annual utility expenses. What this means is that when electronics such as toasters, televisions, and desktop computers are plugged in but not in use, they slowly consume power over time.
By implementing water-efficient practices, repairing leakage, and promoting responsible water management, tenants can conserve water supplies and reduce energy usage. Use natural illumination, unplug electronics when not in use, and switch to LED or CFL bulbs to save energy.
The importance of educating tenants about recycling An important part of propertymanagement is keeping your tenants informed about all new policies and practices, including your recycling program. Utilizing email or your communication channels is the most efficient way to distribute the letter.
Fortunately, McKee Properties is here to help. With decades of expertise in propertymanagement and real estate investments, we’re committed to making your transition seamless. Account for expenses such as moving supplies, utility transfers, and professional movers.
Assess the Condition of Your Property With renters constantly coming and going from your Airbnb, you probably haven’t had a chance to properly take stock of its condition in quite some time. Pay special attention to air conditioning and heating elements, electronics, appliances, entrances, and flooring.
In our business, we’ve filled this role utilizing independent contractors. Property Functionality Test appliances, electronics (Wi-Fi, TV), lights, and amenities. However, like hotels, a dedicated quality control person, or an Airbnb inspector, makes a big difference. It’s not about doubting your cleaner.
Additionally, inquiring about the focus on short-term rentals or other types of rentals helps determine the scope of services provided and specialization in managingproperties. Are you a licensed Short Term Rental propertymanager? Not always a requirement for vacation rental management companies.
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