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Effective asset management property maintenance: Strategies for property managers

Buildium

Property maintenance plays a pivotal role in asset management, protecting a propertys long-term profitability and keeping tenant satisfied and turnover low. However, maintenance is far from the only responsibility property managers face. Youll also know who you can count on in an emergency.

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

Buildium

From interviewing every candidate to managing invoices and overseeing insurance compliance, its no wonder why many board members want to put this task on a community managers to-do list. Reliable vendor relationships lead to reliable maintenance and repair work and happier boards.

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6 must-know industry trends for small property managers

Buildium

For instance, the majority of rental owners want their property management companies to handle payments electronically , and renters prefer to complete most processes on their smartphone, with the exception of applying for rentals and signing up for renters insurance.

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Tenant Retention 101: Essential Tips for Property Managers

BetterWho

Maintenance Matters: Keep up with regular property maintenance and embrace smart technology to monitor systems. This proactive approach prevents issues and keeps the property in top shape. Renters insurance is also a valuable addition. The impact is in how you personalize the experience for each tenant.

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Loss of rental income insurance: Essential coverage for every landlord

MRI Software

For many landlords, rental income is more than just extra cashits essential for covering mortgage payments, property maintenance, and personal financial goals. In fact, a 2020 report by the Joint Center for Housing Studies found that 41% of rental property owners depend on rental income for more than half of their household income.

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Common causes of tenant default and how to address them

MRI Software

This guide explores the common causes of tenants defaulting, actionable strategies to prevent and respond to a default by tenant, and the value of tools like tenant rent default insurance. This often includes non-payment of rent, but it could also involve damaging property or breaking other lease terms like unauthorized subletting.

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Property Management Outsourcing Services: Benefits and Cost

Second Nature

Now, property management services are increasingly seen as a way to generate value for residents, real estate investors, and property management companies. PMCs are delivering resident benefits like credit reporting, renter’s insurance programs, pet guarantees, and more. Maintenance and repair.