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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?
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. Start us off right, Tim! Tim : Absolutely.
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.
Propertymanagement marketing isn’t just about listing properties; its about creating a brand, engaging with potential tenants, and maintaining relationships with current ones. In this post, well explore the ten most common marketing mistakes propertymanagers make and how to avoid them.
As a propertymanager, you already know that, to find new clients and tenants, youll have to meet them where they are. Let’s dive into some social media strategies for propertymanagement to help you broaden your reach and better engage with your audience. By doing so, youll be seen as knowledgeable and responsive.
Effective crisis management is essential in propertymanagement to handle unexpected challenges like natural disasters, maintenance emergencies, resident disputes, and financial setbacks. A solid strategy prevents property damage, financial loss, and resident dissatisfaction.
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.
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.
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.
If youve been in the propertymanagement business for a while, youve probably witnessed firsthand how proper preventive maintenance can make or break a property’s success. Why Preventive Maintenance Matters The benefits of preventive maintenance extend far beyond cost savings.
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.
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.
Propertymanagement software is no longer a luxury. The majority of propertymanagers and management companies would agree that it is now a necessity. SaaS companies have paid close attention to the needs of propertymanagers, and the trends impacting community associations.
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 propertymanagement leasing software that promises to speed up the leasing process and reduce your workload in the process.
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.
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.
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.
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 considering starting your own propertymanagement company, you may be tempted to look into propertymanagement franchises. In this article, well explore some things you should keep in mind if youre thinking about being a propertymanagement franchisee.
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.
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.
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.
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.
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.
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 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.
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. The result?
Moving into a new rental property can be an exciting experience for tenants, but it can also be stressful. As a propertymanager, it’s important to make the process as smooth and efficient as possible. Propertymanagement software with built-in maintenance tools can help you do that easily and quickly.
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.
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.
Leading Your PropertyManagement Team in 2025: A Growth-Focused Approach In propertymanagement, success depends on leadership. Whether youre managing local employees or remote team members , the way you guide, support, and empower your team determines how smoothly your operations run.
The propertymanagement industry is becoming increasingly competitive, and standing out requires a strategic approach to marketing. Heres how to go from invisible to irresistible by helping property owners find, like, and hire your company. The answer is search engine optimization (SEO). The simplest way to improve your reviews?
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.
Heading into 2025, portfolio growth was at the top of propertymanagement companies list of priorities for the seventh year straight. In Buildiums most recent survey , 91% of third-party propertymanagement companies told us that they expect to grow their portfolios in the two years to come.
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? And its difficult for maintenance services to turn a profit when labor and supply costs have risen so far.
At BFPM, our experience with diverse maintenance challenges has shown that a structured approach makes propertymanagement smoother. By following a proactive maintenance plan, property owners can enhance resident retention, protect their investments, and ensure long-term financial success.
During tenant turnover you need find a new tenant, complete any repairs and necessary maintenance for your next renter and schedule a move-in date so you can maximize your rental income.
A Positive Response Amid the Chaos: Ratner PropertyManagement While some landlords have capitalized on the crisis, others are stepping up to support their communities. Ratner PropertyManagement and Maintenance, an AAOA member, is one such example.
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. Now, maintenance automation has streamlined this process significantly.
Operating Expenses Operating expenses are the costs of maintaining and managing your rental property. These include: Advertising for tenants Propertymanagement fees Repairs and maintenance Utilities (if paid by the landlord) Insurance premiums These expenses can be subtracted from your rental income, reducing your taxable income.
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.
Propertymanagement requires constant attention to detail, tenant relations, and efficient operations. As automation tools get more advanced, theyre increasingly becoming a no-brainer to help propertymanagers strapped for time. What is PropertyManagement Marketing Automation?
Assuming that you own a rental property, the likelihood is that you’ve considered hiring a propertymanagement company sometime in the past. However, even more than that, when you hire propertymanagement experts, you can acquire benefits and expertise that numerous do-it-yourself landlords lack.
Any seasonal change marks the time to perform crucial maintenance tasks as a landlord or propertymanager. Landlords and propertymanagers should focus on exterior management and cleaning up landscaping this spring. […] The post Spring Cleaning for Landlords & Tenants appeared first on Rentec Direct Blog.
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