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Residential Property Maintenance Metrics and Improving NOI (with Ray Hespen)

Fourandhalf

Insights and Insights Pro are basically ways to understand your own property management business against a ladder of maintenance excellence. Its a deep diving into: Vendor efficiency Technician efficiency Coordinator efficiency Benchmarking Finances You know what the performance actually is instead of trusting someones gut.

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Are REITs a Good Investment: Pros and Cons

Bay Property Management Group

Real estate has always been seen as a solid way to build wealthbut not everyone has the time (or patience) to deal with tenants, property maintenance, and big upfront costs. REITs (Real Estate Investment Trusts) are companies that own, manage, or finance real estate across different sectors. Thats where REITs come in.

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

Real Property Management Chicago

Remote Property Management and Virtual Assistants Virtual and AI technologies have caused a significant increase in the use of remote teams and assistants to manage rental properties. Remote work actually changes how property managers operate, from overseeing property maintenance to interacting with renters.

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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. Efficiently filtering properties, this rule aids in sound investment strategy,tenant screening, and long-term growth, vital for successful property management and maintenance.

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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.

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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.

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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., The cost of turnover adds up.