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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. This tells us that education continues to be necessary.
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.
In propertymanagement, 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.”
You know the value your propertymanagement company brings, from protecting rental homes to maximizing ROI for owners. When you know why homeowners resist propertymanagement services, you can tailor your messaging, address objections head-on, and ultimately build more trust.
Effective crisis management is essential in propertymanagement to handle unexpected challenges like natural disasters, maintenance emergencies, resident disputes, and financial setbacks. A solid strategy prevents property damage, financial loss, and resident dissatisfaction.
Tax season is upon us, and understanding real estate taxes for landlords, investors, and propertymanagers is essential. As with any business, taxes can play a big role in your long-term ROI.
When recession fears rise, budget cuts often followand education directors are being asked to make hard choices. A Smarter Strategy for Tight Budgets So how can propertymanagement companies protect themselves when money is tight? At first glance, trimming fair housing training may seem like a logical decision.
The Mistakes PropertyManagers Make When Hiring a BDM If youre looking to grow your propertymanagement business, hiring a Business Development Manager (BDM) seems like a no-brainer. Let them focus on sa les while your propertymanagement company handles day-to-day operations.
In propertymanagement, 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 a competitive market, effective marketing strategies for propertymanagement 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.
In propertymanagement, 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 propertymanagement often show up in subtle, everyday interactions. A resident offers a thoughtful gift during the holidays.
Additional education, expert evaluations on the market, and key networking opportunities are all reasons to attend some of the best propertymanagement and real estate conferences available today.
If you’re serious about growing your propertymanagement business , you can’t afford to waste hours on cold calls or let leads slip through the cracks. The fastest-growing propertymanagers are building lead systems that run automatically—giving them more propertymanagement leads while saving time.
Top 7 PropertyManagement Programs for Scaling Your Business in 2025 If you’re serious about growth in propertymanagement , then investing in the right propertymanagement programs isn’t optional—it’s essential. This list isn’t about shiny objects—it’s about what truly drives transformation.
10 Creative Marketing Ideas for PropertyManagement Companies When you’re running a propertymanagement business, “just posting on social media” doesn’t cut it anymore. Creative marketing isn’t about gimmicks. Why it works: High-leverage marketing that builds your brand and email list fast.
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 propertymanagers to get their foot in the door in Tennessee in 2025.
In todays environmentally conscious world, sustainable propertymanagement 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 propertymanagers operate, invest, and plan for the future.
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 propertymanagers. 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 propertymanager looking to expand within Florida, this post will guide you through evaluating up-and-coming real estate markets within the state for 2025. Miamis economy is bolstered by a variety of sectors, including education, government, and international business.
Handling a noise complaint is one of the biggest challenges for propertymanagers. Excessive noise can disrupt the peace in rental properties, whether it is loud music, barking dogs, or noisy late-night gatherings. Propertymanagers must ensure that the lease specifies designated quiet hours based on local noise ordinances.
If you’re looking to scale your propertymanagement 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.
Propertymanagement and the essential role of policies, written communication and procedures for the year ahead. By The Fair Housing Institute As the new year begins, propertymanagement professionals have the opportunity to reflect on foundational practices that ensure both compliance and operational excellence.
If you’re looking to expand your real estate portfolio or propertymanagement 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 youre a real estate investor or propertymanager looking to expand within New York State, this post will guide you through evaluating up-and-coming real estate markets for 2025. Well share rental market statistics for each city, including inventory growth, rent growth, vacancy rates, cap rates, and property price appreciation.
This detailed guide covers everything residential propertymanagers need to know about apartment management certification. Why Pursue Apartment Management Certification? Apartment management certification does more than confer formal recognition. It shows your dedication to professionalism and ongoing education.
Summer has a way of bringing out both the best and the busiest parts of propertymanagement. The days are longer, the properties are greener, and with that comes a noticeable […] The post Common Lease Violations in the Summer and How to Address Them appeared first on Rentec Direct Blog.
With so many propertymanagement 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 propertymanagement conferences to help you level up your management skills.
Propertymanagement 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 propertymanagement business. The right tools go well beyond crossing tasks off your to-do list.
Most propertymanagement 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 propertymanagement industry: the power of language.
As we look to the future of affordable housing in California, strategic propertymanagement will play a major role. In cities like Los Angeles and Long Beach, where demand for affordable housing continues to skyrocket, developers and propertymanagers face significant challenges but also some exciting opportunities.
Since one of the core responsibilities of a propertymanager is to manage an owner’s assets, income, and expenses, youre constantly dealing with accounting whether you like it or not. Theres a lot of liability to bad accounting, especially for a propertymanagement company, says Brandon Hall, The Real Estate CPA.
Technology has fundamentally reshaped the way propertymanagers and their staff interact with residents. With new advancements in artificial intelligence (AI), many tools that properties use for payments and resident communication are being upgraded.
At Bay PropertyManagement Group, we are committed to providing exceptional propertymanagement services while fostering a culture of growth and teamwork. In this months Employee Spotlight, we are excited to introduce Stephanie Smith, Director of PropertyManagement for our Austin office.
Ethics in propertymanagement influence how fair, consistent, and transparent your housing practices appear to residents, staff, and regulators. By The Fair Housing Institute In propertymanagement, some of the most important decisions are the ones made quietly, without fanfare, applause, or even acknowledgment.
Continuing education is vitally important for propertymanagers, but with such a wide variety of online propertymanagement 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.
In the propertymanagement business emergencies are inevitable. Your approach can significantly impact the profitability of each property in your portfolio, tenant satisfaction, relationships with your clients, and compliance with legal obligations.
By The Fair Housing Institute In propertymanagement, 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.
As the propertymanager 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. 4: Track HOA Violations in Detail Creating and sending violations via a mobile app allows propertymanagers to keep HOAs running smoothly.
At ISM, I oversaw products from ideation to go-to-market strategies, including sales, marketing, public relations, education and events. Why BOMA stands out Interviewer : What makes BOMA stand out in commercial propertymanagement? As far as education, we offer tailored resources for different career stages and roles.
Finding and hiring the correct propertymanager to manage your rental property can make all the difference in the world for landowners and investors – this is true for both commercial and residential property. In order to successfully own investment property, propertymanagers are necessary partners.
It is essential for landlords to educate themselves on FHA and HUD guidelines to understand their responsibilities and the rights of their residents. Conclusion The bottom line is that landlords cannot legally charge pet deposits for assistance animals due to their protected status under federal law.
Any seasonal change marks the time to perform crucial maintenance tasks as a landlord or propertymanager. Landlords and propertymanagers should focus on exterior management and cleaning up landscaping this spring. […] The post Spring Cleaning for Landlords & Tenants appeared first on Rentec Direct Blog.
Families often prioritize school districts when choosing where to live, aspiring to offer their children the best education possible. This creates more demand, which can lead to higher property values and lower vacancy rates. Even tenants and buyers who dont have children enjoy living in a neighborhood that has good schools.
There are a few strategies that will make this task more manageable. Get updates from your propertymanager or lawyer If you belong to a board that has hired a propertymanager, make sure you’re getting updates on new legislation regularly. Your manager should be available to guide you through legislative changes.
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