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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.
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.
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.
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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. Prioritize tenant safety.
Its a part of the job that protects your property, keeps it a safe and attractive option for renters, and all too often, takes up a hefty portion of your management time. Because maintenance is such an important and constant responsibility for landlords, it pays to have software that can help lighten the load.
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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.
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.
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Retaining good tenants goes beyond convenience—it impacts your bottom line. 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. means that keeping your tenants happy is very important.
In propertymanagement, landlords often face the challenge of managing difficult tenants who refuse to leave. Each tenant situation is unique, and exploring strategies that have worked for other landlords can provide valuable insights. Screen Your Tenant Today! Heres how to handle it effectively: 1.
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.
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.
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? They can answer tenant inquiries and requests promptly.
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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.
Negative online reviews can make rental property owners and managers feel disheartened. In today’s digital world, online reviews are essential in shaping a property’s reputation and influencing the renter’s choices. In the end, receiving a poor online review is an unwanted experience.
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.
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. Read on to learn more about how you can ensure your rental propertymaintenance is handled properly.
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. Read on to learn more about how you can ensure your rental propertymaintenance is handled properly.
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.
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.
Effective propertymanagement hinges on regular maintenance, as every successful rental property owner knows. Proactive upkeep schedules are vital for avoiding high repair costs and ensuring tenant happiness and loyalty. Understanding the Key Components of a PropertyMaintenance Schedule.
Working to successfully attract long-term tenants is often more challenging than it seems. From time to time, landlords may be plagued with tenant turnover, despite their best efforts.While its hard to predict whether a tenant will stay long-term at the outset, certain factors can help increase the chances of tenant longevity.
Managing rental properties in a high-turnover market is like a dynamic cycle of move-ins and move-outs. This high turnover may result in numerous issues, from higher expenses to increased vacancy rates and more work and stress for property owners and managers.
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.
Maryland law even allows tenants to redeem their lease by paying rent and late fees before the court finalizes the eviction. 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.
For instance, if a landlord rents out an apartment, they’re a lessor making a rental agreement with a tenant (lessee). 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. Who is the Lessee?
As propertymanagement in Baltimore can tell you, renting out a property is a business. After all, youre managingtenants, maintaining the property, and, of course, getting income. If your tenants give you services or goods instead of cash for rent, that counts too! Read below to learn more!
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.
In propertymanagement, landlords often face the challenge of managing difficult tenants who refuse to leave. Each tenant situation is unique, and exploring strategies that have worked for other landlords can provide valuable insights. Here’s how to handle it effectively: 1.
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You have made a valuable investment for your future by being a rental property owner in Arlington Heights. Through due diligence, managing your properties is doable while still protecting and growing that investment. This can be applied in a lot of ways when it comes to rental properties. It is done to minimize risk.
How to Attract Great Tenants How to Attract Great Tenants Every landlord who has made the leap to invest in rental property has a picture in mind of their ideal tenant, and can’t wait to see that excellent tenant living in their property as soon as possible, making regular rent payments and treating their property with care.
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.
Ever wondered about the difference between squatters and tenants? The complex world of property rights can make you question the legal status of these two occupants. These are two individuals who reside on a property, but their legal standings differ hugely.
Ever wondered about the difference between squatters and tenants? The complex world of property rights can make you question the legal status of these two occupants. These are two individuals who reside on a property, but their legal standings differ hugely.
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Credit checks are handy screening tools that provide landlords with more insight into the tenant’s financial history and responsibility. Should tenants have a certain credit score or history to find a place? Credit checks are an important part of the tenant screening process. Let’s find out.
However, when done effectively, it can significantly boost property value, enhance tenant satisfaction, and minimize costly repairs. Understanding Commercial PropertyMaintenance What is Commercial PropertyMaintenance? It requires specialized knowledge and expertise to identify and address potential issues.
Regular (and positive) communication with your tenants can help you, as a property owner, build a good relationship with your renters , develop open lines of communication, quickly respond to their needs, and periodically follow up with them. These two practices work hand-in-hand, specifically when trying to improve retention rates.
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