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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.
As the propertymanagement industry continues to evolve, so does the technology that supports it. One prime example of this change is the increasing variety of propertymanagementleasing software that promises to speed up the leasing process and reduce your workload in the process.
In propertymanagement, ensuring a safe and respectful living environment isnt just about reacting to problemsits about preventing them before they arise. A propertymanagement company that fosters accountability and respect will naturally have fewer fair housing complaints. This starts with leadership.
Propertymanagement software (PMS) has become a must- have for landlords who want to streamline operations, manage their tenants, and maintain organized finances. But with so many propertymanagement tools available, how do you choose the right one? What Sets Innago Apart as the Best PropertyManagement Software?
As a propertymanager, leasing is always a top priorityafter all, without tenants, theres no income. But a successful propertymanagement strategy goes beyond filling vacancies. This means balancing leasing with maintenance, tenant relations, financial management, and legal compliance.
Tim Wehner is a former president of the National Association of Residential PropertyManagers (NARPM ). While hes no longer on the National Board of Directors, his experience in propertymanagement and expertise on all things NARPM make him a valuable source of information. Tim : Absolutely.
Tenant screening is a crucial part of effective propertymanagement. It ensures that qualified, responsible renters are placed in rental properties, fostering positive, long-term tenancies. Proper screening helps reduce late payments, property damage, and renter turnover, leading to smoother operations and greater peace of mind.
Managing rental properties comes with plenty of moving partscollecting rent, handling maintenance requests, keeping up with leases, and tracking finances, to name a few. Weve outlined key features that can help independent landlords become more organized and tackle propertymanagement tasks more efficiently.
As a residential propertymanager, your role bridges the gap between property owners and tenants, and how well you manage this connection can shape the experience of everyone involved. In this post, well walk you through the key areas of propertyleasing & management.
In propertymanagement, ensuring a safe and respectful living environment isnt just about reacting to problemsits about preventing them before they arise. A propertymanagement company that fosters accountability and respect will naturally have fewer fair housing complaints. This starts with leadership.
Why PropertyManagement Training Matters Whether you’re just starting a propertymanagement business or scaling fast, training is the key to consistent growth. Combine training with group coaching tailored for propertymanagers. But the good news? We’ll explain how that works below.
Did you know that two-thirds of rental owners expect top-tier customer service from their propertymanagement company? Why Personalized Service Matters in PropertyManagement Every property owner has unique goals and needs, which is why personalized service is a must-have in todays market.
Choosing the right name for your propertymanagement company is more than just a creative decisionits a strategic one. Read on to learn our top tips for propertymanagement company names. A name like “Elite PropertyManagement” conveys professionalism. What Impression Does It Give? Is It Unique?
Propertymanagers are under pressure to do more with lessfrom labor shortages to rising costs. What Is AI in PropertyManagement? In propertymanagement, these abilities are used to optimize workflows that would otherwise take longer. If you automate too much, you could end up losing business.
In todays environmentally conscious world, sustainable propertymanagement is more than just a trend; it is a responsibility. From residential properties to commercial real estate, the growing emphasis on sustainability is reshaping how propertymanagers operate, invest, and plan for the future.
If you’ve ever asked, “What is KPI in propertymanagement?” KPI stands for Key Performance Indicator , and in the propertymanagement business, its your north star. These metrics are how successful propertymanagers track progress, identify weaknesses, and make data-driven decisions.
Not every rental situation comes with a formal lease. But it does raise a big question: What rights do tenants have without a lease? but lack lease-specific rights like fixed-term tenancy. Having a written lease is crucial for both landlords and tenants, ensuring clarity, legal safeguards, and fewer conflicts.
From Chaos to Clarity: How to Create a Remote Team Playbook for Your PropertyManagement Business In todays evolving industry, propertymanagement companies are increasingly shifting to remote teams to improve efficiency and tap into a wider talent pool. Step-by-Step Guide to Creating a Remote Team Playbook 1.
Whether or not its your full-time job, managing rental propertiesor even a single propertycan quickly become overwhelming. Tracking payments, handling lease agreements, responding to tenant inquiries, and staying on top of maintenance requests often leads to a never-ending cycle. Landlords can review and approve them in real-time.
If youre a landlord with just one or small portfolio of properties, managing your investment can quickly dominate your time. The good news is that theres specialized software out there designed to help simplify many aspects of propertymanagement. This helps you spot and fix issues quickly.
Acquiring property without buying it outright sounds too good to be trueuntil you learn about ground leases. For investors looking to build without spending millions on land, or landlords who want a more passive investment, this kind of lease could be the golden ticket. Main Takeaways What is a ground lease?
In the previous editions of our propertymanagement software buying guide, we covered the basics of how to compare propertymanagers, from key features software should have to assessing pricing models and customer reviews. We also explored specific considerations for multifamily propertymanagement software.
Discover how a propertymanagement coach can transform your business growth with real advice, tools, and strategy. Feeling Stuck in Your PropertyManagement Business? If youre like most propertymanagement entrepreneurs, you didnt start your company to spend every day putting out fires.
AI and Remote Hiring for PropertyManagers The propertymanagement industry is evolving at lightning speed. These innovations go beyond industry buzzthey offer real, practical solutions to help propertymanagers optimize operations, improve communication, and reduce costs.
Why Most PropertyManagers Stay Stuck Learn how working with a propertymanagement coach helped business owners shift from reactive to strategic thinkingand discover how to run a propertymanagement business more efficiently and with less stress. But the truth is, hustle can only take you so far.
AI in PropertyManagement: Separating Hype from Reality Artificial Intelligence (AI) is revolutionizing various industries, and the propertymanagement business is no exception. Understanding AI in PropertyManagement AI refers to the simulation of human intelligence processes by machines, especially computer systems.
Moving into a new rental property can be an exciting experience for tenants, but it can also be stressful. Coordinating the move, getting the keys, signing the lease, and making sure the unit is in good shape before move-in are all high priorities. Why Is a Move-In Checklist Important? For a move-in checklist template, click here.
Tenant Management for PropertyManagers Understanding the essentials of tenant management , why it matters, and how propertymanagers can improve operations and tenant satisfaction. What Is the Meaning of Tenant Management? How Do You Effectively Manage a Tenant? What Is a Managed Tenant?
How PropertyManagers Can Create an Effective Accountability Chart vs. Traditional Org Charts Learn how an accountability chart can improve leadership , team accountability, and growth in your propertymanagement business. Common Mistakes PropertyManagers Make When Structuring Their Teams 1.
But sometimes, without even realizing it, you might break a lease rule that could get you in trouble or, worse, evicted. So, what is a lease violation, and how can you avoid making one? What Is a Lease Violation? What Is a Lease Violation? Lets break it down below.
But with your lease coming to an end, youre now at a crossroads, wondering how to renew lease agreements and secure your home for another term. Main Takeaways Start the conversation earlyat least 60-90 days before your lease endsso you have time to negotiate and explore other options. What is Lease Renewal?
Generating enough revenue to compensate for rising costs remains a top challenge for propertymanagement companies in 2025. Factors Impacting PropertyManagement Companies Profitability So, whats going on here? First: Leasing has become less profitable, with renters moving less often than they have in previous years.
This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. Knowing what constitutes rental income is the first step in effective tax accounting for your rental property.
In the previous editions of our propertymanagement software buying guide, weve talked about comparing software using high-level criteria such as price and features. But different property types come with their own host of challengesand theres specific tools that can help with each. All these factors add complexity to the job.
BettyWho: Your AI Ops Coach Discover how BettyWho, your AI Ops Coach , brings structure and simplicity to your propertymanagement company. Learn from a trusted propertymanagement coach how to turn team chaos into operational clarity. What Is BettyWho? Just real-time support where and when your team needs it.
Ray Hespen, who is a frequent flier on The PropertyManagement Show, joined us again to discuss maintenance metrics and how measurement improves resident satisfaction and owner NOI. He was investigating what it would look like if propertymanagers looked at maintenance from a data-driven standpoint. Theres no going back.
Implementing marketing strategies can require time and resources that you might not have as a busy propertymanager. Thats where propertymanagement marketing tools come in. PropertyManagement Marketing Tools: What Are They?
The swift change in the rental propertymanagement industry is no surprise. All of these factors, taken together, have lastingly altered the propertymanagement landscape. What then drives propertymanagement going forward? As a professional in the industry, staying ahead of the trends is imperative.
Propertymanagement automation can be a difference-maker when it comes to saving timebut thats just the beginning. Lets take a closer look at what automation can do for your propertymanagement business. The right tools go well beyond crossing tasks off your to-do list. But the benefits go beyond just saving time.
The propertymanagement industry is evolving, mostly propelled by technological advancement. Indeed, AI-based technology is transforming every facet of rental propertymanagement. Continue reading to uncover the key technologies revolutionizing rental propertymanagement and defining the industry’s future.
A lease renewal is a common part of renting. If a tenant’s lease term will end soon, it’s important to know how the lease renewal process works. What is a Lease Renewal? A lease renewal is an agreement between the tenant and the landlord to renew the lease. Lease Renewal.
In propertymanagement, it is essential to be thoroughly aware of tenants’ rights and obligations. Let’s examine the specifics of these rights and obligations to assist propertymanagers in better and more effectively navigating this complex environment. Lawrina is an excellent legal resource.
Handling a noise complaint is one of the biggest challenges for propertymanagers. Excessive noise can disrupt the peace in rental properties, whether it is loud music, barking dogs, or noisy late-night gatherings. Propertymanagers must ensure that the lease specifies designated quiet hours based on local noise ordinances.
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