Remove Finance Remove Maintenance Remove Property Maintenance
article thumbnail

Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Identify potential risks through in-depth examination, includingmarket analysisfor rental trends and property maintenance assessments. Manage maintenance costs proactively. Another important element of due diligence is evaluating theproperty’s maintenance and legal compliance.

article thumbnail

The Next Chapter in Property Management: Trends to Watch Out For

Real Property Management Chicago

Remote work actually changes how property managers operate, from overseeing property maintenance to interacting with renters. Previously, responsibilities requiring a property manager to be in person, ranging from maintenance to inspections and beyond, can now be achieved remotely.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HVAC Preventative Maintenance for Single-Family Rental Properties

Lula

.” Managing single-family rental (SFR) properties comes with unique challenges, particularly when it comes to balancing tenant satisfaction with property maintenance. One area that’s frequently overlooked but crucial for long-term cost efficiency is the maintenance of HVAC systems.

article thumbnail

Marketing an HOA management company: What to focus on plus 8 strategies to keep and win clients

Buildium

As the main, reliable source of income to finance its operating and capital expendituresareas that have been under a lot of pressure recentlyboards see securing this funding as priority number one for effective management. HOA Accounting Managing HOA finances is no small feat.

article thumbnail

Resident Retention Strategies That Work

Real Property Management Chicago

Ensure the Property is Properly Maintained Besides cultivating a positive relationship with your renters, staying on top of your property maintenance and repairs is also essential. Insufficient property upkeep is among the key reasons why renters leave, especially if they have made maintenance requests that have gone overlooked.

Lease 236
article thumbnail

Tenant Retention 101: Essential Tips for Property Managers

BetterWho

High turnover can drain your finances and disrupt your property management workflow. You’re not only looking at lost rent for every month your property is empty. The cost of finding a new tenant, additional maintenance, marketing the property, etc., Or is maintenance due? The cost of turnover adds up.

article thumbnail

Best Property Management Books for Landlords: Top 9 Picks

Bay Property Management Group

These books can help you get a clearer grasp of the property management landscape as a whole. Every Landlord’s Guide to Managing Property by Michael Boyer Here, Boyer offers a window into tenant retention, basic property maintenance, finding good contractors, accounting, and other key tasks. Here, John C.