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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.
Propertymanagers—particularly those looking to grow—can use a rent roll to keep track of money collected from residents, look for potential problems with vacancies or turnover, compare rent and fees to market prices, and look for opportunities to increase revenue from individual units or even entire properties.
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?
Managingapartment buildings means juggling leasing, maintenance, accounting, resident communication, owner relations, and countless other tasks. To tackle all of this while maintaining a consistently high level of service, you’ll need apartmentpropertymanagement software. Let your software handle it.
Apartmentmanagers do much more than fix leaking faucets or unclog drains. They maintain property value, protect tenant safety, and deliver service that keeps residents happy and loyal. Enter apartment maintenance management software, a way to bring all these otherwise disjointed tasks into a single, easy to manage platform.
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.
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 you automate too much, you could end up losing business.
Apartmentpropertymanagers handle a web of revenue, expenses, vendor payments, owner communication, and regulatory requirements. This is where accounting software for apartmentmanagement comes in. In this guide, we’ll walk through what to expect from accounting software for apartmentmanagement.
Email marketing is one of the most powerful and cost-effective tools available to propertymanagers looking to grow their business, nurture client relationships, and streamline communication. In this guide, well walk you through the essentials of email marketing for propertymanagement companies. Lets get started!
Apartmentmanagement demands a diverse skill set and constant adaptation. Earning an apartmentmanagement certification validates your expertise, boosts your credibility, and advances your career. This detailed guide covers everything residential propertymanagers need to know about apartmentmanagement certification.
Instead of cranking up the AC and watching your bill skyrocket, we’ve rounded up four easy ways on how to keep apartment cool. Practical tricks that show you how to cool down an apartment without AC—without spending a fortune. In our experience with propertymanagement in Washington, D.C. Let’s get into it.
If someone asked you, “What does a propertymanager do?” The role of a propertymanager is evolving fast. Today’s propertymanagers are expected to be marketers, financial advisors, tech experts, and customer service pros—all rolled into one. you might say: collect rent, handle maintenance, screen tenants.
If you’ve ever lived in a shared space—like an apartment—you know how unbearable noise at night can be. And in many places, it’s not just annoying… it could be a lease violation. That’s where apartment quiet hour rules come in. Main Takeaways What are apartment quiet hours? Blasting music.
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.
Getting your first apartment is a big deal. Youre stepping into independence bills, leases, your own set of keys. Thats why we created this guide: to walk you through every step with real advice on how to get your first apartment. Search Smarter: Use reliable sites and propertymanagers to avoid outdated listings.
You find the perfect apartment but waitno elevator? Others feel that a walk-up apartment means charm, character, and saving a few hundred dollars on rent each month. So, is a walk-up apartment the hidden gem youve been looking foror a daily stair-climbing struggle? Where Are Walk-Up Apartments Common? Just stairs.
If youve been trying to decide between a loft vs. apartment, this guide is for you. Lets help you make a choice that fits your life, not just your lease. Apartments : Defined rooms, built-in storage, and better energy efficiencyideal for everyday comfort and lower utility costs. What is an Apartment? What is a Loft?
Running a successful apartmentmanagement business means keeping many moving parts in sync—from resident communication and inspections to task delegation and vendor coordination. A modern apartmentmanagement app acts as a digital assistant, a team collaboration hub, and a central operations tool.
The propertymanagement industry has changed a lot in recent years. Today, automation stands out as one of the best tools residential propertymanagers can use to improve their operations and enhance residents’ experiences. Leases, renewals, maintenance records, inspection reports, and regulatory forms pile up quickly.
Thinking About Hiring a PropertyManager in Southern California? Owning rental property in areas like Los Angeles, Long Beach, or Orange County can be a significant investment, but managing it all yourself can quickly become overwhelming. That’s where propertymanagement companies come in.
Apartmentmanagement demands a careful balance of tenant satisfaction, building upkeep, financial control, and regulatory compliance. This guide covers what you need to know about leasing, communication, maintenance, budgeting, staffing, compliance, technology, and growth strategies.
If you’re apartment hunting, you’ve probably asked yourself: how extensive are background checks for apartments? Landlords and propertymanagers use them to decide who gets approved, but what exactly are they looking for? How Extensive Are Background Checks for Apartments?
Finding the right apartment goes beyond just liking the spaceits about knowing what to expect. Asking the right questions to ask during an apartment tour can give you a clear picture of what living there will be like. Understand the Lease Terms and Fees – A lease is a binding contract, so its crucial to clarify its terms.
As a residential propertymanager, your role bridges the gap between property owners and tenants, and how well you manage this connection can shape the experience of everyone involved. In this post, well walk you through the key areas of propertyleasing & management.
Apartment communities face unique security challenges, especially in controlling access at entry points. With rising concerns about property crime and liability and more pressure for tech-enabled, convenient entry options, managing gate security has become both more important and more difficult for apartmentmanagers.
But how do apartments verify income? In this guide, well walk you through how apartments verify income, and the best strategies landlords use to make smart leasing decisions. Why Do Apartments Verify Income? As a propertymanagement company in Northern Virginia, we get it. Let’s get into it!
Knowing how to decorate a small apartment isnt just about squeezing things inits about making smart choices that reflect your style, fit your budget, and actually work for your space. When it comes to how to decorate a small apartment, every decision counts. But in a small apartment? If your apartment has windows, use them well.
Managing a rental property comes with more work than most people expect—advertising vacancies, answering calls, showing units, and sorting out lease paperwork. Instead of juggling it all, many landlords turn to leasing agents for help. What Does a Leasing Agent Do? How Much Does a Leasing Agent Cost?
Here’s what turnover costs you—and how strategic propertymanagement in Orange County CA, can improve your resident retention and overall ROI. Top 5 Reasons for High Apartment Turnover Costs in California Understanding why residents leave is the first step toward building long-term loyalty. What BFPM Inc.
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.
It demands strategic, data-driven, and professional propertymanagement. we help apartment owners unlock untapped value and significantly improve rental income in Orange County, Los Angeles, and surrounding markets. Expert leasing is key to consistent occupancy in competitive markets like Orange County. At BFPM Inc.,
With property costs rising in an uncertain rental market, you might think growing your propertymanagement business is out of the cards. Propertymanagers are getting creative—including rethinking fees and leaning on tech to do more. But you’d be wrong. We’ll look at all six of these strategies in this post.
Nothing bugs people as much as finding cockroaches in an apartment building. This guide covers what every landlord and tenant should know about cockroaches in an apartment: why they show up, how to get rid of them effectively, and what the law says about who’s responsible for what. Prep the unit and communicate with tenants.
As propertymanagers look to do more with less, software that focuses on automating important processes has become more popular. This guide walks you through some of the most use propertymanagement automation software that you can start using now. Property Meld® helps propertymanagers get proactive.
You’ve found the perfect apartment. And then, you see a lease fee. What is a lease fee, and why is it there? Main Takeaways Lease fees cover the administrative work involved in processing applications and preparing rental agreements. What Is a Lease Fee? How Much Is a Typical Lease Fee?
In today’s fast-paced real estate landscape, propertymanagers are expected to juggle a growing number of responsibilities—everything from tenant communications and maintenance coordination to financial reporting and marketing. Enhance Tenant and Owner Communication Clear, timely communication is essential in propertymanagement.
In a post-pandemic, tech-enabled world, the term virtual propertymanagement company has moved from experimental concept to a proven business model. What Is a Virtual PropertyManagement Company? Others are solo operators managing a tight, streamlined portfolio from anywhere with Wi-Fi.
In propertymanagement, some of the most important decisions are the ones made quietly, without fanfare, applause, or even acknowledgment. They’re the choices that take place in leasing offices, during maintenance calls, or while responding to a resident’s email.
Some people sublet their units, others turn them into short-term rentals, and then there’s one you might not have heard of yet—a master lease. So, what exactly is a master lease in real estate? What Is a Master Lease in Real Estate? How Does a Master Lease Work? Now, what about property taxes?
Having trouble finding simple lease agreement templates you can trust? The internet is full of free lease agreements, and theyre easy to find. But how can you be sure that a free lease agreement is legally compliant without hiring an attorney to review it? An attorney can always prepare lease documents for you.
[link] Scaling a propertymanagement company isn’t just about getting more doors. It’s about creating a business that doesn’t fall apart under pressure. At BetterWho, we work with growth-minded propertymanagement entrepreneurs every day. Thinking about how to become a propertymanager ?
If youve ever walked into a kitchen and found a line of them trailing across the counter, youre probably wondering how to get rid of ants in an apartment without reaching for harsh chemicals. Apartments : Defined rooms, built-in storage, and better energy efficiencygreat for everyday comfort, privacy, and lower utility bills.
If you’re wondering how to get rid of mice in an apartment and keep them from coming back, youre in the right place. Main Takeaway How to get rid of mice in an apartment: Identify and Block Entry Points : Mice sneak in through tiny gapsseal cracks, doors, and vents to stop them from entering. Read below to learn more.
The PropertyManagement Show returns with Part 3 of Marie Tepman’s discussion with Todd Ortscheid, which builds off the earlier discussions of fee-maxing and choosing the right revenue model. And, the majority of rentals in America are not even managed professionally. But, the industry is big. It has to come first.
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