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The Property Management 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. This tells us that education continues to be necessary.
In property management, ensuring a safe and respectful living environment isnt just about reacting to problemsits about preventing them before they arise. Education and Training: The First Line of Defense One of the biggest mistakes a housing provider can make is assuming that fair housing compliance is “common sense.”
Tim Wehner is a former president of the National Association of Residential Property Managers (NARPM ). While hes no longer on the National Board of Directors, his experience in property management and expertise on all things NARPM make him a valuable source of information. Start us off right, Tim! Tim : Absolutely.
You know the value your property management company brings, from protecting rental homes to maximizing ROI for owners. When you know why homeowners resist property management services, you can tailor your messaging, address objections head-on, and ultimately build more trust. But property management is so much more than that.
Apartment management demands a diverse skill set and constant adaptation. Earning an apartment management certification validates your expertise, boosts your credibility, and advances your career. This detailed guide covers everything residential property managers need to know about apartment management certification.
Effective crisis management is essential in property management to handle unexpected challenges like natural disasters, maintenance emergencies, resident disputes, and financial setbacks. Property managers can respond swiftly and efficiently with proactive planning, clear communication, and smart technology.
When recession fears rise, budget cuts often followand education directors are being asked to make hard choices. Fair housing training isnt just a compliance checkbox; its a core part of operational risk management. Its a key part of a broader risk management plan. This is not to say insurance is irrelevant.
Handling a noise complaint is one of the biggest challenges for property managers. Property managers must understand local noise ordinance hours to effectively manage these concerns, establish clear policies, and take a structured approach to resolving resident disputes. Key Strategies to Handle Noise Complaints 1.
In property management, ensuring a safe and respectful living environment isnt just about reacting to problemsits about preventing them before they arise. Education and Training: The First Line of Defense One of the biggest mistakes a housing provider can make is assuming that fair housing compliance is “common sense.”
In property management, some of the most important decisions are the ones made quietly, without fanfare, applause, or even acknowledgment. The Small Choices That Matter Most Ethical dilemmas in property management often show up in subtle, everyday interactions. A resident offers a thoughtful gift during the holidays.
The Mistakes Property Managers Make When Hiring a BDM If youre looking to grow your property management business, hiring a Business Development Manager (BDM) seems like a no-brainer. But many property management business owners make serious missteps in this processturning what should be an asset into a costly mistake.
It helps you determine the steps you can recommend to improve the communities you manage. Be sure to vet providers through online reviews and referrals from other community managers in your area. Software to Help with HOA Management Keeping your reserve study up to date is a key part of responsible HOA management.
Additional education, expert evaluations on the market, and key networking opportunities are all reasons to attend some of the best property management and real estate conferences available today.
In the property management business emergencies are inevitable. This post will help you manage these kinds of emergencies with expertise and promptness. This post will help you manage these kinds of emergencies with expertise and promptness. Tenant EducationEducate tenants on how to identify and report potential issues early.
Tax season is upon us, and understanding real estate taxes for landlords, investors, and property managers is essential. As with any business, taxes can play a big role in your long-term ROI.
Johnson City’s top employers are spread across the healthcare, education, and government sectors, including Ballad Health, East Tennessee State University, James H. The city’s affordability and convenience to other markets makes it a great spot for investors and property managers to get their foot in the door in Tennessee in 2025.
Top 7 Property Management Programs for Scaling Your Business in 2025 If you’re serious about growth in property management , then investing in the right property management programs isn’t optional—it’s essential. This list isn’t about shiny objects—it’s about what truly drives transformation.
If you’re serious about growing your property management business , you can’t afford to waste hours on cold calls or let leads slip through the cracks. The fastest-growing property managers are building lead systems that run automatically—giving them more property management leads while saving time.
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 apartment managers. This guide explores everything property managers need to know about apartment gate security entry management.
In a competitive market, effective marketing strategies for property management 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.
10 Creative Marketing Ideas for Property Management Companies When you’re running a property management business, “just posting on social media” doesn’t cut it anymore. If you want to stand out, win quality property management leads, and scale your operations, you need to get creative—and strategic.
There are a few strategies that will make this task more manageable. Get updates from your property manager or lawyer If you belong to a board that has hired a property manager, make sure you’re getting updates on new legislation regularly. Your manager should be available to guide you through legislative changes.
From the tech-fueled growth of Raleigh to the financial strength of Charlotte and the coastal charm of Wilmington, the Tar Heel State presents a wide range of opportunities for rental investors and property managers. It also has a strong presence in energy, healthcare, education, and logistics. Multifamily Cap Rate (Q3-’24): 6.2%
If youre a real estate investor or property manager looking to expand within Florida, this post will guide you through evaluating up-and-coming real estate markets within the state for 2025. This dynamic city offers a unique blend of government, education, and healthcare sectors, which contribute to its strong economy and stable job market.
In todays environmentally conscious world, sustainable property management is more than just a trend; it is a responsibility. From residential properties to commercial real estate, the growing emphasis on sustainability is reshaping how property managers operate, invest, and plan for the future.
They help their handlers manage and alleviate the symptoms associated with mental and emotional disabilities. Compliance Requirements HUD’s guidelines mandate thatproperty owners and managers make reasonable accommodationsfor assistance animals and modify policies as needed to support residents with disabilities.
If youre a real estate investor or property manager looking to expand within New York State, this post will guide you through evaluating up-and-coming real estate markets for 2025. The presence of Syracuse University, along with other educational institutions, drives steady demand for rental properties.
If you’re looking to expand your real estate portfolio or property management services within Illinois, this post will guide you through evaluating 5 up-and-coming real estate markets there. Several higher educational institutions, including Rockford University and Rock Valley College, can also be found here.
If you’re looking to scale your property management business, whether you want to bring in more owner clients, scale your operations, or spend less time on repetitive tasks, this webinar is packed with the insight you need.
Property management and the essential role of policies, written communication and procedures for the year ahead. By The Fair Housing Institute As the new year begins, property management professionals have the opportunity to reflect on foundational practices that ensure both compliance and operational excellence.
By The Fair Housing Institute In property management, ensuring a safe and respectful living environment isnt just about reacting to problemsits about preventing them before they arise. Additionally, housing providers should offer refresher courses when policies are updated or when incidents indicate a need for further education.
Summer has a way of bringing out both the best and the busiest parts of property management. Find out how to handle lease violations that increase during the summer, like unauthorized guests, extra vehicles, barbecues, noise complaints, and extended tenant absences.
After decades under one president, the Building Owners and Managers Association (BOMA) has changed leadership. Mary Lue : I’ve been with the Building Owners and Managers Association (BOMA) for the past three years, and during that time, Ive gained a deep understanding of our members, their businesses and the issues they face.
Most property management advice focuses on practical strategieshow to screen residents, handle maintenance, renew leases, maximize ROIthe list goes on and on. But lets take a break from these typical topics to talk about something that quietly shapes every aspect of the property management industry: the power of language.
With so many property management associations holding their own events, it can be hard to know which ones are worth your time. We’ve put together a definitive list of the most popular national property management conferences to help you level up your management skills.
Technology has fundamentally reshaped the way property managers and their staff interact with residents. Property managers must ensure these tools remain inclusive, accessible, and compliant with fair housing laws. Despite the benefits, digital payment systems present challenges that property managers must address.
Ethics in property management influence how fair, consistent, and transparent your housing practices appear to residents, staff, and regulators. By The Fair Housing Institute In property management, some of the most important decisions are the ones made quietly, without fanfare, applause, or even acknowledgment.
Continuing education is vitally important for property managers, but with such a wide variety of online property management courses available, how can you know which are worthwhile? There are plenty of online courses and certifications worth pursuing, and we've outlined some of the best here.
HOA Operations and Management Systems The next part of anHOA transition checklist should involve operations and management systems. Outgoing board members should provide incoming board members with login credentials and access to all management software. Many HOA management companies also offer board education and training.
As the property manager of an HOA or community association, it’s up to you to issue and track HOA violations in minute detail, and to take legal action against repeat offenders evenhandedly. Property management software can help you issue and track violations from complaints to a first warning through legal action (should it be necessary).
Families often prioritize school districts when choosing where to live, aspiring to offer their children the best education possible. Academy School District 20 Academy School District 20 is renowned for its high educational standards and comprehensive curriculum.
Managing a homeowners association (HOA) involves more than just solving day-to-day community issues. Behind the scenes, one of the boards most important responsibilities is managing moneyand doing it in a way thats transparent, compliant, and future-focused. states require HOAs to manage funds according to specific legal standards.
Property management automation can be a difference-maker when it comes to saving timebut thats just the beginning. Lets take a closer look at what automation can do for your property management business. Online Portals and Apps Todays tenants are embracing technology more than ever and property managers can use that to their advantage.
As we look to the future of affordable housing in California, strategic property management will play a major role. In cities like Los Angeles and Long Beach, where demand for affordable housing continues to skyrocket, developers and property managers face significant challenges but also some exciting opportunities.
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