Should I Accept Rent in Cash?
First-time landlords often wonder if they should accept cash as a form of payment for rent. It can be awfully tempting. There’s no risk of a bounced cheque, you can simply deposit the money straight...
View ArticleHow Work Order Tracking Software Can Save You Money
Did you know that on average 20% of paper-based maintenance requests are misplaced, and 25% of residents have lingering work orders? Property management firms juggle a variety of work orders, from...
View ArticleWhy You Need Residential Property Management Insurance
If you own properties or are just starting your property management business, there’s a lot to think about. In addition to keeping your rental properties rented and the tenants happy, you’re signing...
View ArticleProperty Marketing Strategies to Attract Owners
Property marketers are always looking to up their game, and grow their business. But with more and more property management firms popping up, you need to stand out from the competition. Owners want to...
View ArticleThe Art of Property Management Contracts
Many property investors do not have the time or skills necessary to manage their properties, and instead hire a professional property management company. Both landlords and property managers need to...
View Article5 Tenant Screening Tips for Property Managers
Renting your property to high-quality tenants is key to long-term profitability. When property managers cut corners on screening or don’t have a process in place to alert them to any red flags, it can...
View Article5 Ways Cloud-Based Property Management Software is Safer
That’s a question we hear from time to time, and we want to address how cloud-based property management software is actually safer than what you are probably using now. That’s why so many landlords...
View ArticleCommercial Lease Concessions 101
Commercial lease concessions are as abundant as they are varied! When commercial tenants are shopping around for a location, they consider a number of factors other than just the price of the rent. In...
View Article4 Key Features of Condo Management Software
Property management firms that manage a portfolio of condos know that there are specific challenges that are unique to condo management. Property managers serve both the individual unit owners as well...
View ArticleHow to Create Your Property Management Business Plan
So, you want to open your own property management company. You need a business plan. It’s a road map that provides direction. In other words, by planning ahead you can get from here to there, and...
View ArticleWhat It Takes to Get into the Property Management Business
Starting a business can be a daunting, thrilling and challenging task! But if you are looking at starting your own PM business, there can be some specific property management requirements. Skill Set...
View ArticleHow to Handle Tenants Who Ask to Break their Lease
The perfect scenario looks like this: A high-quality tenant rents your available unit, pays their rent promptly, and renews their lease year after year. The reality of the situation is that people...
View ArticleCalculating the Cost of Refinancing Your Rental Property
Real estate investors and landlords often refinance their rental property to take advantage of lower interest rates or access the equity they’ve built up to invest in another property. When you...
View Article5 Crucial Features of a Property Management Accounting System
Accounting may not be your thing, but as your property management firm grows, you need property management accounting system that gives you clear insight into your financial past, present and future....
View Article8 Benefits of a Property Management System
If your PM firm isn’t using a purpose-built property management system, you could be losing out. The property management business is dynamic, and a cloud-based solution is the best tool for running a...
View Article10 Ways to Drive More Traffic to Your Apartment Listings
Vacancies are inevitable. However, when they do happen, you want your apartment listings to work for you and bring in a stream of high-quality potential renters. 1. Revisit Your Ad Descriptions Stand...
View ArticleRental Property Management Best Practices
Property management best practices are a set of guidelines, ethics or ideas that represent the most efficient and sensible course of action designed to lower risk and increase the value of any...
View ArticleTop 5 Tips to Excel in Commercial Property Management
Commercial property management can be a very lucrative market. However, it’s not without its fair share of challenges, and there are some marked differences between residential and commercial property...
View Article5 Creative Market Tactics to Attract Student Renters
Attracting student renters can be difficult, especially when many students are basing the decision on a pure mix of price and location. If you are off-campus, you need to be a little more creative to...
View ArticleMultifamily Trends to Watch Out For in 2020
It’s that time of year when we examine some of the trends we are seeing in the multifamily space that have a direct impact on property managers and investors. Let’s dig in! Customer Expectations are...
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