American Apartment Owners Association

DECEMBER 16, 2024

In this blog post, we’ll explore the following: Understanding Why Tenants Leave Rising Supply, Increasing Competition for Residents 8 Tips to Minimize Tenant Turnover Understanding Why Tenants Leave Before diving into retention strategies, it’s crucial to recognize the common reasons tenants choose not to renew their leases.

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Tenant Lease Property Management Property Manager 234

BetterWho

SEPTEMBER 21, 2024

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., Or is maintenance due? The cost of turnover adds up.

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Property Manager Property Management Tenant Management 233

Real Property Management Evertrust

JANUARY 9, 2025

Tenant portals provide residents to access important documents such as lease agreements, send maintenance requests, and speak directly with management. These benefits provide a major advantage for property managers and, when executed well, build an enjoyable and satisfying experience for residents.

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Property Management Property Manager Management Property 147

Buildium

NOVEMBER 12, 2024

For example, data analytics can help pinpoint what you should charge for services, the most effective leasing strategies, or what market to invest in next. And that’s exactly where property management software can prove invaluable. Even the slightest tweaks can greatly improve your profit margins over time.

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Property Management Property Manager Management Property 243

Buildium

NOVEMBER 5, 2024

If the rental property owner is established as a corporation, you do not need to file a 1099-MISC form for payments made to that company. You’ll still need to file a 1099-MISC if the property owner is a limited liability company, or LLC, however. Again, this exemption does not apply to LLCs.

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Property Management Property Manager Management Property Management Software 227

Buildium

JANUARY 21, 2025

But rising costs arent the only thing putting pressure on third-party property management companies profitability. First: Leasing has become less profitable, with renters moving less often than they have in previous years. And its difficult for maintenance services to turn a profit when labor and supply costs have risen so far.

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Property Management Property Manager Management Broker 130

MRI Software

DECEMBER 14, 2023

Multifamily property management software has transformed property management operations. This software enables property managers to streamline daily tasks, effectively manage revenue and expenses, and enhance tenant satisfaction.

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Property Management Software Property Management Property Manager Management 52

Rent Manager

JULY 31, 2024

The end of summer brings new residents to apartments, especially for off-campus college housing; however, there are countless year-long leases coming to an end as well. Consecutive turnovers […] The post How to Stay on Track with Unit Turnovers appeared first on Rent Manager Property Management Software.

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Property Management Software Apartment Property Management Property Manager 97

BetterWho

OCTOBER 28, 2024

Build a Scalable Team Structure in Property Management Business As you scale, your team must be structured to handle an increased workload efficiently. Hire Property Management Specialists : Specialized roles for leasing, maintenance coordination, and financial management ensure each team member is focused and proficient.

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Property Management Property Manager Management Property 130

Appfolio

MARCH 16, 2021

To paint a complete and honest picture of how communication breakdowns can lead to issues with motivation, a property manager wishing to remain anonymous shared the following concerns: “We don’t have open and effective communication at my company and what’s happening is some sort of competition between the different departments.

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Property Management Property Manager Management Property 289

Authority Property Management

NOVEMBER 29, 2024

In this blog post, we’ll explore the key technology trends that are transforming how properties are managed and what that means for the future of the industry. Property Management Software One of the most impactful changes in the property management process is the rise of comprehensive property management software.

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Property Management Property Manager Management Property 98

American Apartment Owners Association

NOVEMBER 27, 2024

Lease terms, too, can be restructured to include automatic rent escalations tied to inflation or market conditions, protecting NOI over the long term. Effective management can also extend to tenant retention.

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Real Estate Rental Income Lease Tenant 130

American Apartment Owners Association

DECEMBER 2, 2024

Diversification: Owning multiple units in one property diversifies your investment portfolio, reducing the risk associated with single-family homes. Economies of Scale: Managing numerous units in one location can be more efficient, reducing maintenance and management costs per unit.

Real Estate 130

Real Estate Single-Family Home Property Management Property Manager 130

Buildium

JANUARY 22, 2025

From digital advertising platforms to customer relationship management (CRM) systems, property management marketing tools are often flexible and can support different types of campaigns you may want to kick off. Because this kind of software covers so much ground, it also has a wide range of benefits.

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Property Management Property Manager Management Media 130

Real Property Management Evertrust

SEPTEMBER 25, 2024

Whether it’s through a property management software or a physical notebook, keep a record of each complaint, the date it was received, how it was resolved, and the timeline of actions taken. Be empathetic and fair when addressing issues, but stick to the rules and procedures set forth in the lease.

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Tenant Property Management Software Landlord Contractors 130

BetterWho

OCTOBER 4, 2024

Impact on business practices: Property managers must reassess their leasing processes to avoid potential litigation. Property managers should ensure that all fees are transparently communicated to prospective tenants upfront—before lease agreements or application fees are signed.

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Property Management Property Manager Management IT 130

American Apartment Owners Association

AUGUST 30, 2024

Consider these six strategies to optimize for efficiency: Conduct a Thorough Expense Analysis: This involves reviewing all expense categories, like utilities, maintenance, marketing, and others line by line to pinpoint opportunities for cost savings. Expense management software can streamline this process and help identify trends over time.

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Lease Property Management Property Manager Maintenance 132

Appfolio

MAY 4, 2020

Property management businesses typically work like well-oiled machines — between showings, lease signings, maintenance, and renewals — there are many carefully coordinated tasks that must be completed every day, and each member of the team plays an important role in maintaining the business’ continuity.

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Property Management Property Manager Lease Management 179

Appfolio

APRIL 13, 2020

From social distancing mandates to eviction bans, property management businesses across the country have had to change their workflows and policies to adapt to the constantly changing environment. And if you’ve been wanting to spend more time getting to know your business data, now’s a good time to take a look.

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Property Management Software Property Management Property Manager Management 113

Real Property Management Enterprises

JANUARY 9, 2025

Tenant portals authorize residents to access important documents like lease agreements, send maintenance requests, and talk directly with the administration. These features offer a substantial advantage for property managers and, when handled effectively, create an easy and satisfying experience for residents.

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Property Management Property Manager Management Property 87

MRI Software

MARCH 22, 2024

For landlords and property managers, this season is the perfect opportunity for essential property maintenance tasks. After the winter months, taking proactive steps to inspect and repair your properties can prevent major issues and ensure they are ready for the warmer months ahead.

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American Apartment Owners Association

DECEMBER 2, 2024

Property Analysis: Evaluate the property’s condition, rental income potential, and overall profitability. Consider factors such as occupancy rates, maintenance costs, and potential for value-added improvements. A thorough property analysis will help you avoid unforeseen expenses and maximize the return on your investment.

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Property Finance Real Estate Property Management Software 130

MRI Software

NOVEMBER 28, 2023

Welcome to MRI Software’s exploration of a critical aspect of commercial property management: Common Area Maintenance (CAM). But what is Common Area Maintenance, and how does it intersect with real estate expense recoveries ? What is Common Area Maintenance (CAM)? How does Common Area Maintenance work?

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Maintenance Lease Agreement Retail Commercial Property 52

MRI Software

DECEMBER 6, 2023

Our software addresses crucial property management challenges, including lead generation, maintenance requests, lease renewals, and more. These seven tasks are ideal for property management automation, using state-of-the-art property management software that you can find at MRI Software.

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Property Management Property Manager Property Management Software Management 52

MRI Software

MARCH 1, 2024

Routine maintenance of your multifamily property is essential for preserving its value and ensuring tenant satisfaction. Multifamily property maintenance comes with a host of responsibilities, from the routine cleaning of communal areas to the safety-critical testing of fire alarms.

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Property Maintenance Maintenance Property Tenant 52

Buildium

JANUARY 22, 2025

Here are some sample topics to get you started: Tips for property maintenance and upkeep Guides to finding and screening tenants Industry news and updates Case studies and success stories Search Engine Optimization (SEO) SEO is the practice of optimizing your website and content to rank higher in search engine results pages (SERPs).

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Property Management Property Manager Management Media 130

Buildium

OCTOBER 21, 2024

The funds cover everyday maintenance as well as future projects and improvements, ensuring the community stays well-maintained and prepared for any upcoming needs. This expense category can cover a wide variety of fees and charges, from staff payroll to management fees and routine office expenses.

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Finance Management Attorney Consulting 245

Buildium

JANUARY 22, 2025

Through email campaigns, property managers can communicate important information, such as lease renewals and maintenance updates, as well as promotional content. Set up automated campaigns for welcome emails, lease renewal reminders, and follow-up messages after property tours.

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Property Manager Property Management Management Media 130

American Apartment Owners Association

SEPTEMBER 5, 2024

This article was contributed by DoorSpot property management software. Manage your entire portfolio with one simple tool. Managing rental properties can be both rewarding and challenging. No hidden fees or additional subscriptions are needed. Get 20% off of your first year as an AAOA member.

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Rent Tenant Landlord Property Management 130

MRI Software

DECEMBER 17, 2024

In this guide, well explore the features that make these tools invaluable for property managers and landlords. From simplifying lease renewals to ensuring robust tenant satisfaction, this software is packed with benefits. Why is apartment complex management software important?

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Apartment Management Property Management Software Property Management 52

MRI Software

FEBRUARY 24, 2024

This approach can lead to higher satisfaction levels among your tenants, making them more likely to renew their leases. Prospective tenants are more likely to choose a property that offers additional perks and conveniences. This increased appeal can lead to faster leasing cycles and higher occupancy rates.

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Tenant Property Management Software Insurance Maintenance 52

MRI Software

DECEMBER 8, 2023

We highlight their characteristics, preferences, and how you can attract and retain these tenants with multifamily property management software. The 5 types of multifamily renters Understanding the diverse needs and preferences of multifamily tenants is crucial for property managers.

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Property Management Software Property Management Property Manager Single-Family Home 52

Florida Property Management

SEPTEMBER 11, 2023

Additionally, digital lease agreements and e-signature platforms enable tenants to complete the onboarding process remotely, eliminating the need for in-person meetings and paperwork. Property Management Software Property management software platforms have become indispensable tools for landlords and property managers.

Property Manager 52

Property Manager Property Management Management Property Management Software 52

MRI Software

DECEMBER 15, 2024

This guide will explore key strategies and tools to help you automate property management tasks like rent collection, tenant communication, and maintenance management. What is property management automation in multifamily? Lets take a look at key strategies for property management automation.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

DECEMBER 12, 2024

Tenant default is a challenge many landlords and property managers face, often causing financial stress and operational disruptions. Whether its missed rent payments or a lease violation, understanding why tenants default and how to address these issues is key to protecting your rental business. What is tenant default?

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Tenant Lease Agreement Insurance Property Management Software 52

Authority Property Management

AUGUST 3, 2024

Key provisions include: Extended Notice Periods: Increasing the notice period for evictions and lease terminations. Rent Control Expansion: Extending rent control measures to more properties. Maintenance and Repair Mandates: Requiring landlords to address maintenance issues more promptly.

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Property Management Property Manager Management Property Management Software 55

Tokeet

AUGUST 12, 2024

Bureau of Labor Statistics , employment of property managers is projected to grow 7% from 2020 to 2030, reflecting the ongoing demand for skilled property managers in this field. Property management is a dynamic and rewarding field that offers various opportunities in real estate.

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