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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. Set up a tenant portal.
Find out how to handle lease violations that increase during the summer, like unauthorized guests, extra vehicles, barbecues, noise complaints, and extended tenant absences. Summer has a way of bringing out both the best and the busiest parts of propertymanagement.
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?
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. They can handle multiple conversations, 24/7.
Tenant screening is one of the most critical steps in rental propertymanagement; nevertheless, it’s simple to slip up and make costly issues down the line. The good news is that avoiding these mistakes can help you attract high-quality tenants and keep your properties running smoothly.
As the propertymanagement industry continues to evolve, so does the technology that supports it. One prime example of this change is the increasing variety of propertymanagementleasing software that promises to speed up the leasing process and reduce your workload in the process.
Collecting a traditional security deposit has always just been a part of the leasing process. To get more residents through the door, some propertymanagers offer security deposit alternatives. Below are five options to consider using in your propertymanagement business. What Are Security Deposit Alternatives?
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.
As a propertymanager, leasing is always a top priorityafter all, without tenants, theres no income. But a successful propertymanagement strategy goes beyond filling vacancies. This means balancing leasing with maintenance, tenant relations, financial management, and legal compliance.
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.
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.
High tenant turnover costs multifamily property owners in Southern California thousands of dollars each year. Whether you own property in Los Angeles, Orange County, or Long Beach, each move-out brings not only vacancy loss but expenses for repairs, cleaning, marketing, and staff time. At BFPM Inc., What BFPM Inc.
Lease enforcement is one of the most important responsibilities a propertymanager has. When done right, it protects your rental investment, minimizes risk, and helps maintain positive tenant relationships. However, when lease terms are ignored or handled inconsistently, problems escalate quickly.
Good propertymanagement accounting software can be a powerful tool in the success of your propertymanagement business. But not all propertymanagement accounting software programs are created equal. So what should you be looking for in property accounting software?
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.
Tenant screening is a crucial part of effective propertymanagement. It ensures that qualified, responsible renters are placed in rental properties, fostering positive, long-term tenancies. What Is Tenant Screening? Background and Credit Checks Propertymanagers then run comprehensive background and credit checks.
Not every rental situation comes with a formal lease. But it does raise a big question: What rights do tenants have without a lease? From understanding tenants at will to knowing how eviction protections and security deposits work, well walk you through the key rights every landlord should know even without anything in writing.
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.
From Chaos to Clarity: How to Create a Remote Team Playbook for Your PropertyManagement Business In todays evolving industry, propertymanagement companies are increasingly shifting to remote teams to improve efficiency and tap into a wider talent pool. Step-by-Step Guide to Creating a Remote Team Playbook 1.
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.
Tracking payments, handling lease agreements, responding to tenant inquiries, and staying on top of maintenance requests often leads to a never-ending cycle. Rental leasing software can transform the way landlords manage their businesses, making tasks easier and faster to complete.
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. Automate this process by enabling tenants to pay rent online via ACH or credit card.
Running a propertymanagement company often means either handling or delegating several different roles at once. This post takes a deep dive into propertymanagement workflow automation, including what it is, how it works, and the kinds of processes you can redesign to be more efficient.
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.
The propertymanagement world changes quickly as technology moves forward. Keeping up means learning about the latest proptech trends shaping how we manage, lease, maintain properties, and engage tenants. It focuses on fresh ideas and innovations that will reshape propertymanagement.
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. They are typically one-time, upfront charges and may vary by property or management company. What Is a Lease Fee?
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.
If youre a landlord with just one or small portfolio of properties, managing your investment can quickly dominate your time. The good news is that theres specialized software out there designed to help simplify many aspects of propertymanagement.
AI and Remote Hiring for PropertyManagers The propertymanagement industry is evolving at lightning speed. These innovations go beyond industry buzzthey offer real, practical solutions to help propertymanagers optimize operations, improve communication, and reduce costs.
Propertymanagement has changed fast. Managing rentals used to mean phone tag, hopping from location to location, and endless coordination. Today, tenants expect instant responses. And propertymanagers need tools that help them keep up without burning out. Owners want real-time updates.
Property technology often called proptech covers a range of technologies, many of which have an outsized impact on propertymanagement. For propertymanagers, understanding proptech and the various tools and platforms that fall under its umbrella helps you stay ahead of the curve, save time, and improve tenant experiences.
If you run a propertymanagement business in 2025, you already know that manual processes simply can’t keep up with the level of responsiveness, accuracy, and oversight that job demands. That’s where propertymanagement automation tools come in. Once you’re ready, dig into specific software in our follow up post here.
Apartment managers 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. Propertymanagers can track requests in real time, assign and schedule tasks effectively, and communicate clearly with tenants and vendors.
Managing apartment 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 apartment propertymanagement software. It just needs to do the right things well.
Propertymanagement has gone mobileand for many professionals, that means managing operations directly from their iPhone. Whether youre handling tenant requests in real time, coordinating with vendors, or keeping tabs on finances, the right tools in your pocket can turn hours of admin into minutes of smooth execution.
You may have heard that proptech stands for property technology, covering digital tools transforming how properties operate, lease, and maintain themselves (for more on the basics, we recommend our post, “What is Proptech?” Data: Information from properties, tenants, and markets feeding smart decisions.
Leading Your PropertyManagement Team in 2025: A Growth-Focused Approach In propertymanagement, success depends on leadership. Whether youre managing local employees or remote team members , the way you guide, support, and empower your team determines how smoothly your operations run.
Moving into a new rental property can be an exciting experience for tenants, but it can also be stressful. Coordinating the move, getting the keys, signing the lease, and making sure the unit is in good shape before move-in are all high priorities. What Is a Move-In Checklist? Why Is a Move-In Checklist Important?
In the previous editions of our propertymanagement software buying guide, we covered the basics of how to compare propertymanagers, from key features software should have to assessing pricing models and customer reviews. We also explored specific considerations for multifamily propertymanagement software.
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. These strategies include: 1.
With new propertymanagement software platforms and features popping up all the time, automated propertymanagement systems have moved from the realm of ideas and marketing promises into real, concrete businesses strategies. What Is an Automated PropertyManagement System?
As an experienced propertymanagement company in Northern Virginia , we can tell you one thing for sureamenities are what make a rental truly stand out. It’s always a good idea to confirm what’s covered before signing your lease, so you have a clear understanding of your total costs. Thats where we come in.
Todays propertymanagers can build entire operations that are fully digital, from lease signings to vendor payments to team coordination. In this article, were exploring what going digital really means, how it transforms your daily operations, and why its becoming the standard for propertymanagers everywhere.
AI in PropertyManagement: Separating Hype from Reality Artificial Intelligence (AI) is revolutionizing various industries, and the propertymanagement business is no exception. Understanding AI in PropertyManagement AI refers to the simulation of human intelligence processes by machines, especially computer systems.
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