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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. The last time he was on the podcast, in late 2023, his team was just beginning to establish this concept of maintenance analytics.
Propertymaintenance 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 propertymanagers face.
As a propertymanager, you already know that keeping things running efficiently is no small task. Managing tenants, overseeing budgets, coordinating repairs, and maintaining the property can quickly become overwhelming without the right tools. This is where propertymaintenancemanagement systems come into play.
Its no secret that rental maintenance requires careful coordination with tenants, vendors, and owners. We sat down with propertymanagement and process solutions consultant Kelli Segretto of K Segretto Consulting to tap into her 20+ years of experience within multifamily, single family, and LIHTC propertymanagement.
If youre renting out your property, its only a matter of time before youll need to make an emergency repair, conduct a routine inspection, or invest in preventative maintenance. Because maintenance is such an important and constant responsibility for landlords, it pays to have software that can help lighten the load.
In a competitive market, effective marketing strategies for propertymanagement companies can set your business apart and attract a steady flow of clients. Theres a lot of strategies out there, and some may be better suited for your company and management style than others.
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.
In the propertymanagement business emergencies are inevitable. Your approach can significantly impact the profitability of each property in your portfolio, tenant satisfaction, relationships with your clients, and compliance with legal obligations.
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.
Whether youre just getting started as a propertymanager or youve decided to add a few new outdoor maintenance services to your roster, heres your guide on how to make it happen in a way that makes sense for both you and your tenants.
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.
Success in propertymanagement often comes down to planning. Thats especially true when it comes to marketing your business and the properties in your portfolio. This post will walk you through how to craft a winning propertymanagement marketing plan tailored to meet your specific business needs.
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.
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.
As a propertymanager, surprises are the last thing you want. By anticipating repairs, you can plan ahead, budget effectively, and address issues quickly—keeping your properties in great condition while making sure your tenants and owners are happy. Organize the data by repair type to identify recurring issues more easily.
Wondering what all the fuss is about when you hear propertymanagers talk about data analytics? But analytics and insights based on good data can make a big difference in how your Carson rental property is leased, managed, and maintained. We admit that its not an easily accessible subject matter. Mitigate Risks.
Maintaining a rental property is not just about fixing issues as they arise, but it is also about proactive care to preserve value and maximize profitability. At BFPM, our experience with diverse maintenance challenges has shown that a structured approach makes propertymanagement smoother.
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.
For propertymanagers and landlords, its a whole different story. The departure of winter means it is time to inspect your properties for any damage the cold, snow, […] The post The Complete Spring Maintenance Guide for PropertyManagers appeared first on Rent ManagerPropertyManagement Software.
Like many small propertymanagers, you probably want to grow your business. That means staying on top of industry trends and knowing where the real opportunities lie—all covered in the 2025 PropertyManagement Industry Report. For small propertymanagers, finding new customers can be challenging in a competitive market.
High turnover can drain your finances and disrupt your propertymanagement 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.
Landlords have numerous responsibilities when it comes to running a rental property. One of the most important is rental propertymaintenance. Why Is Rental PropertyMaintenance Important? Propertymaintenance for rentals is crucial for several reasons. How Much Is Rental PropertyMaintenance?
This blog post is designed to help you answer that question by clearly laying out the challenges and best practices that go into successful rental propertymaintenancemanagement. If you want a deeper dive into managing your maintenance projects, take a look at our detailed guide.
In the world of rental properties, numerous maintenance responsibilities fall under the purview of either the landlord or the tenant. With effective communication, tenant satisfaction, and cost management, it helps to know who is in charge of maintaining rental properties.
Being a rental property owner can be a highly rewarding experience, but it does come with its own responsibilities. Once youve gone through the process of screening for the perfect tenants, such as your tenant background check , there will be routine and unexpected maintenance and repairs that will fall into your lap.
Being a rental property owner can be a highly rewarding experience, but it does come with its own responsibilities. Once youve gone through the process of screening for the perfect tenants, such as your tenant background check , there will be routine and unexpected maintenance and repairs that will fall into your lap.
If you’re looking for the best propertymanagement books around, we’re here to help. Our professional propertymanagers have chosen our personal favorites for your viewing pleasure. Read below for some great recommendations on managing rental properties. Griswold and Laurence C.
Optimizing PropertyMaintenance for Quick Turnarounds One of the more costly aspects of high turnover is the propertymaintenance required to prepare the rental for a new tenant. The good thing is that there are approaches to optimize this maintenance to ensure quick turnarounds.
Effective propertymanagement hinges on regular maintenance, as every successful rental property owner knows. Addressing upkeep proactively helps maintain property safety, appeal, and occupancy while enhancing its value. Understanding the Key Components of a PropertyMaintenance Schedule.
This is where propertymanagement services in Upper Arlington can play a critical role in ensuring success for rental property owners. Whether youre new to real estate or a veteran investor, the right propertymanagement partner can make all the difference between a seamless experience and a frustrating one.
This can be applied in a lot of ways when it comes to rental properties. To provide a sense of security for your tenants, you have the crucial task of carefully preparing your property to make it liveable. This may include getting insurance for your property as well as doing routine maintenance and repairs.
Effective propertymanagementmaintenance services go far beyond just fixing problems when they arise. A proactive, well-organized maintenance strategy can prevent costly repairs, reduce tenant complaints, and ultimately increase the longevity and value of the property.
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.
As propertymanagement in Baltimore can tell you, renting out a property is a business. After all, youre managing tenants, maintaining the property, and, of course, getting income. To do this, simply add up all the money youve received from your rental properties. Is Rental Income Taxable?
At AirKeeper, were constantly striving to improve our services and provide the best possible tools for our property owners. Thats why were excited to announce a significant upgrade to our propertymanagement system as we transition to HomHero, a powerful platform designed specifically for the Australian short-term rental market.
At AirKeeper, we’re constantly striving to improve our services and provide the best possible tools for our property owners. That’s why we’re excited to announce a significant upgrade to our propertymanagement system as we transition to HomHero, a powerful platform designed specifically for the Australian short-term rental market.
An examination of the most effective strategies rental property owners and managers can use to manage and respond to negative online reviews is warranted. In the context of rental properties, the way prospective tenants perceive them significantly shapes their reality. Acknowledge the issue. Offer a solution.
Our Baltimore propertymanagement experts can explain what exactly that entails: Who is the Lessor? It describes someone who leases out a property or asset to someone else. Essentially, they must take care of the property and its tenants. They make sure the property stays in proper, clean shape.
Propertymanagement feels like that. Whether you're managing a bustling office building or a cozy duplex, the details matter. But here's the real kicker—not all propertymanagement is created equal. These properties generate income, accommodate businesses, and support trade.
A recurring misconception about Northbrook propertymanagers and real estate agents is that these occupations are more or less the same. But in reality, a propertymanager’s task is not the same as that of a real estate agent. This is different from that of a real estate manager.
Growing a propertymanagement company is a rewarding yet complex journey. It requires balancing tenant relations, propertymaintenance, client satisfaction, and team management. Here’s a comprehensive guide on how to grow your propertymanagement business and thrive in this competitive industry.
In this post, well explore how HOA managers can optimize HOA maintenance schedules to meet every deadline and keep residents satisfied. Well cover best practices, strategic planning, communication techniques, and methods to set up better maintenance processes. This builds trust and a sense of ownership.
Its the landlords way of saying, If this issue doesnt get resolvedlike paying overdue rent or addressing a lease violationI might have to take legal steps to remove you from the rental property. Getting an eviction notice can feel overwhelming, but it doesnt always mean you have to leave right away. The answer is yes!
Real estate has always been seen as a solid way to build wealthbut not everyone has the time (or patience) to deal with tenants, propertymaintenance, 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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