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What Is KPI in Property Management?

BetterWho

KPIs Give You: Clarity on performance across departments (leasing, maintenance, accounting, etc.) Occupancy Rate This tells you how many of your rental units are currently leased. Days on Market How long it takes to fill a vacant unit. Maintenance Resolution Time How quickly is your team resolving maintenance requests?

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Long Beach Real Estate: Hidden Gems for Property Investors

Beach Front Property Management

The city offers a diverse range of properties, from high-end beachfront homes to affordable multi-family units, making it suitable for both seasoned investors and those just entering the market. Competition – A high number of rental units can lead to price variations. Why Invest in Long Beach Real Estate? We at BFPM Inc.

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Digital marketing for property management: Choosing strategies that work

Buildium

The Importance of Digital Marketing in Property Management When property owners and renters begin their search for management or a rental unit, they usually start online. Develop blog posts, articles, and guides that address common questions and concerns of potential tenants.

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Tips to Minimize Tenant Turnover

American Apartment Owners Association

The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up. Accordingto a report from Zego, the average cost of turning over a rental unit was $3,872 in 2023. Offer tiered rewards for tenant loyalty, such as exclusive perks or customized maintenance schedules.

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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

Whether you have on-site maintenance teams or work with third-party vendors, review procedures to ensure tools, supplies, and adequate staff members are available to respond to every situation. Also, consider extending leasing agents’ hours during peak rental season — the extra investment can really pay off in leads.

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A Winter Guide to Renting an Apartment in Portland, Maine

Real Property Management Evertrust

If you are looking for a rental apartment in Portland, Maine, during the winter months, it’s crucial to understand how the season affects apartment hunting, living conditions, and utilities. The cost of heating can vary depending on the type of heating system in your rental unit—whether it’s oil, natural gas, or electric heating.

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Adapting to a Competitive Rental Market: Investor Strategies for the New Year

RL Property Management

If the propertys exterior is outdated or unkempt, tenants may assume the interior and maintenance are similarly neglected, leading them to look elsewhere. Addressing maintenance requests quickly shows tenants their comfort is a priority. Check out this blog and podcast from BiggerPockets on how to build wealth through asset management.