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Tim Wehner is a former president of the National Association of Residential Property Managers (NARPM ). While hes no longer on the National Board of Directors, his experience in property management and expertise on all things NARPM make him a valuable source of information. Start us off right, Tim! Tim : Absolutely.
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Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets.
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Additional education, expert evaluations on the market, and key networking opportunities are all reasons to attend some of the best property management and real estate conferences available today.
Introduction The Estate Managers Workshop 2025, hosted by ADDA.io in association with the Bangalore Apartment Federation (BAF) , brought together estate managers and experts for a dynamic day of learning, networking, and collaboration. to make the work of Estate Managers smoother. to make the work of Estate Managers smoother.
In a competitive market, effective marketing strategies for property management 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.
Property management software is no longer a luxury. The majority of property managers and management companies would agree that it is now a necessity. SaaS companies have paid close attention to the needs of property managers, and the trends impacting community associations. Lets start by unraveling some common myths.
Choosing the right name for your property management company is more than just a creative decisionits a strategic one. Read on to learn our top tips for property management company names. A name like “Elite Property Management” conveys professionalism. Try to visualize your name on a sign or business card.
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If youre considering starting your own property management company, you may be tempted to look into property management franchises. In this article, well explore some things you should keep in mind if youre thinking about being a property management franchisee. They are certainly an easy way to get your foot in the door.
AI and Remote Hiring for Property Managers The property management industry is evolving at lightning speed. These innovations go beyond industry buzzthey offer real, practical solutions to help property managers optimize operations, improve communication, and reduce costs. Difficulty scaling while maintaining service quality.
This powerful tool allows property managers and investors to defer capital gains taxes by reinvesting the proceeds from the sale of an investment property into a like-kind property. Increased Buying Power: With more capital to invest, property managers can acquire higher-value properties or multiple properties.
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How Property Managers Can Create an Effective Accountability Chart vs. Traditional Org Charts Learn how an accountability chart can improve leadership , team accountability, and growth in your property management business. If you want to grow your property management business , its time to rethink how you structure your team.
The Mistakes Property Managers Make When Hiring a BDM If youre looking to grow your property management business, hiring a Business Development Manager (BDM) seems like a no-brainer. But many property management business owners make serious missteps in this processturning what should be an asset into a costly mistake.
The property management industry is becoming increasingly competitive, and standing out requires a strategic approach to marketing. The Challenge: A Crowded Market The property management industry has been growing by about 5% per year between 2018 and 2023. The answer is search engine optimization (SEO).
Managing a housing society is no small task. Thats where Housing Society Management Software comes in designed to streamline operations, boost efficiency, and create a hassle-free living experience. Yet, despite its benefits, many societies hesitate to adopt Housing Society Management solutions due to common misconceptions.
AI in Property Management: Separating Hype from Reality Artificial Intelligence (AI) is revolutionizing various industries, and the property management business is no exception. However, amidst the excitement, it’s crucial for property managers to distinguish between what’s merely hype and what genuinely delivers value.
Operating Expenses Operating expenses are the costs of maintaining and managing your rental property. These include: Advertising for tenants Property management 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.
As a property manager, it’s important to make the process as smooth and efficient as possible. Property managers can look back at the move-in checklist to identify which damages occurred while the tenant lived there, as well as normal wear-and-tear. Why Is a Move-In Checklist Important?
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If youve been in the property management business for a while, youve probably witnessed firsthand how proper preventive maintenance can make or break a property’s success. Too often, property managers get trapped in the costly cycle of reactive maintenance, scrambling to address issues that could have been prevented with regular upkeep.
In property management, ensuring a safe and respectful living environment isnt just about reacting to problemsits about preventing them before they arise. A property management 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 property management companies list of priorities for the seventh year straight. In Buildiums most recent survey , 91% of third-party property management companies told us that they expect to grow their portfolios in the two years to come.
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At Bay Property Management Group, our mission is to provide exceptional property management services while fostering an environment of growth and success for our team members. In this months Employee Spotlight, were thrilled to introduce Cielo Camille Grepalda, Property Manager for our Northern Virginia (NOVA) office.
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