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

Buildium

Collecting Dues and Fees First and foremost, HOA board members want community managers to streamline the collection of dues and fees for them. Using an online payment platform can help you cut down payment processing times by as much as 70%, manage recurring payments, and help you deposit funds directly into the associations bank account.

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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.

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How to Become a Property Manager: 8 Steps to Kickstart Your Career

Tokeet

Recommended Degrees Business Administration : Focuses on essential business skills, including management, marketing, and finance, which are crucial for property managers. Provides a broad understanding of business operations, making it easier to handle the diverse tasks involved in property management.

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Airbnb vs Multifamily Investing | Which is Better?

MRI Software

It often requires a significant upfront investment and ongoing management to ensure tenant satisfaction and property maintenance. Airbnb investing demands ongoing property maintenance, guest communication, and dynamic pricing strategies to remain competitive in the short-term rental market.

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Tips to Streamline Your Short-Term Rental Management Practice

Property Management Inc.

Challenges of Managing Short-Term Rentals Operational Complexity and Fluctuating Demand Managing short-term rentals involves juggling multiple responsibilities, from ensuring property maintenance to handling guest inquiries. They bring expertise and efficiency, allowing you to focus on scaling your business.

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Multifamily vacancy rates explained: A guide for investors

MRI Software

Plus, find out how real estate property management software can help when dealing with multifamily vacancies. Multifamily vacancy rates measure how many units in a property are unoccupied compared to the total number of units. What are multifamily vacancy rates?