There have been lots of improvements in lighting recently. Technology is changing, and with it comes energy savings and green options. While it might seem like a large cost up front, investing in new lighting options for your property can actually be a money saver for your business. Here are a few things to consider.
When it comes to collecting rent, there are several different methods that you can offer your residents. Good old fashioned cash always works, but now there are a lot more payment methods that have become accessible. Let’s take a look at some of the pros and cons that go with each and help you determine which one is right for you and your business.
The best way to deal with a hurricane is by being prepared. There is no way to be 100% ready for what might be coming at you, but you can do your best. Help your residents to understand the best plan of action and work together to get things ready. Ultimately, the preparations are up to you to make sure that your property is ready to weather the storm.
When fall hits, it can seem like there is a lot of maintenance to be done around your properties. While the falling leaves are really pretty, they also make a mess and at the same time signal that colder times are on the way. There are some things that you should be sure to check up on now before it is too late.
Finding the right members for your property management team can be stressful. There are lots of things to consider and questions to be asked. Having a system to screen potential employees makes the process fair and unbiased. We’ve got a few tips for you to help lighten the load.
When a resident leaves one of your properties, it can be a stressful time. Repairs may need to be made to the apartment in order to bring it back to being ready for a new resident. If the previous residents left the place a mess, you may be stuck with a lot of clean up. Not to mention that when they leave, the income stops so you won’t have any new money coming in to help fix all of this. There are a couple of things that you can do to ensure that the process goes smoothly and that you have the apartment back up and on the market in no time.
Taking a security deposit is a great way to be sure that you will have funds to help fix any damages that a resident may leave behind. If the situation turns ugly and they destroy the apartment, you can be left with thousands of dollars worth of damage. Collecting a security deposit before they move in will help them to remember that they will be charged for damages and also will give you the peace of mind that you have money to fix anything that goes wrong.
The danger of fires in an apartment building is higher than in other buildings. A lot of people living in close quarters can significantly increase the danger of things catching on fire. There are a few things you can do to reduce this risk, and informing your residents will help. Take the time now to warn them about the dangers of fire in your building.
If you are renting out an apartment, there are a lot of things that you have to think about. Some of it is trial and error as you get going, but there are a few mistakes you can avoid right from the start. Check out this list of the top five mistakes that new landlords (and sometimes old ones too) tend to make frequently, and how you can avoid them.
If you are the owner of a small business, you might not have the resources to have an entire department dedicated to human resources. However, human resource consulting may be an option for you in situations where you end up needing it. There are...
Do you have families living in your properties? You may be part of the back to school madness without even realizing it. The beginning of the school year can bring a lot of changes from the easy, laid back summer. One of these may be kids waiting at the bus stop in the morning. Let’s take a look at a few safety tips to keep everyone safe while waiting for the bus.
When you are focusing on trying to develop a stronger relationship with those involved in your rentals – whether employees on your staff or the residents who hold the lease – you want to ensure that you are going far enough to retain and develop a relationship with them.
Billions of people now use social media profiles and accounts to communicate, entertain themselves, learn about what’s happening, and more. In short, social media like Facebook, Twitter, and Instagram are here to stay and have become an integral part of the lives of millions in this country.
Managing your rentals is a lot of work, and today’s property manager needs to start from the ground up to build a strong foundation for success. Understanding some of the primary fundamentals can help ensure that you are able to avoid as much stress as possible and simplify the management of your rentals. There are 4 fundamentals worth mastering as soon as possible.
At some point, nearly every property manager out there will end up having to deal with certain things. Repairs are a good example of this, as is developing a solid marketing strategy. But another thing that will need to be dealt with is late rent. Eventually, you’re going to have someone who just can’t make their rent on time.
There is no doubt that numerous factors go into the overall bottom line that you end up posting at the end of each quarter. But one thing that can’t be overlooked is community. Instead of just viewing each resident as an individual number on a spreadsheet, taking the time to foster a sense of community can help you in a big way.
There are a lot of responsibilities associated with owning a rental property. These include responding to calls for emergency assistance at your property, collecting rent receipts, interviewing prospective tenants, entering into and filing eviction...
As a property manager, one of the single most important things that you need to focus on – if not the most important – is resident retention. Whether you’re managing a residential complex or a commercial one, being able to keep your residents means a steadier stream of income, less hassle associated with finding new residents, and more.
When it comes to being the best possible property manager, there are a lot of different elements that may need to be considered. One that is often overlooked is the use of a community newsletter. While it may seem trivial, the reality is that utilizing a newsletter could directly impact your bottom line.
As a property manager, you rely on your team to create the best possible results for your properties and your company as a whole. From maintenance to marketing to sales, different team members handle different aspects of the property.