Most Demanded Amenities Today’s Renters Request To Property Management Companies

Landlords and property managers avoid vacancies by knowing what today’s tenants seek in rental housing. Below is a list of the most sought-after features among renters according to survey results from The National Multifamily Housing Council and Kingsley Associates that property management companies must now. The Most in-demand Amenity is High-Speed Internet: Ninety-four percent of renters expect high speed internet to be available, and they’re willing to pay $35 per month for this feature. Parking: Ninety-four [...]

Top 6 Upgrades Tenants Seek in a Rental Home or from a Property Management Service

Finding great tenants can be very easy if you have most of these top 6 upgrades. When tenants look for the perfect rental home they seek these things most. That’s why companies that offer a property management service pay close attention. Why not showcase and highlight these within your rental investment? Spend your upgrade money wisely on things tenants seek most.  The Dishwasher & Garbage Disposal: These can be a must for average [...]

2019-01-18T20:38:05+00:00Property Management|

Tips for Property Management Companies (Individuals) to Lower Operating Costs

In a recent survey on challenges property management companies grapple with, 45 percent of respondents said that “lowering operating costs” is “challenging” or "very challenging.” Reducing operating costs is a universal quest among businesses of all types, especially property management cost. Maximizing income is de rigueur among owners and managers alike. That said, finding ways to lower operating costs is usually the dilemma, especially in today’s ever-changing world of property management. According to real estate experts [...]

The Property Management 5 Step Checklist

The property management professional is the ultimate factor of whether you make it or break it in the field of buy and hold real estate. It’s a pretty simple process and once the deal is bought and we have projected the expenses for said properties, the last thing is to ensure that you have a reliable and dependable property manager to maintain and keep an eye on them. However, the next time you [...]

2019-01-18T20:28:03+00:00Property Management|

Property Management Companies Are Using Smart Technology for Attracting New Tenants

Progressive property management companies are continuously looking for opportunities to attract new tenants. In competitive rental markets, knowing what amenities renters want is often the best way to most is one way to accomplish this task and snatch potential leads away from competitors. Recent research finds that technology is an important influencer when it comes to renters’ choices, and in fact, renters expect it. Technology presents property managers with an excellent opportunity to [...]

Marketing Strategies: Tips for Property Managers to Increase Rent Rolls

Property managers juggle many responsibilities, not the least of which is continually finding ways to grow the rent roll and increase monthly income. The best tactics for growing your rent roll involve marketing, brand-building, and building strong relationships with potential and existing customers.  Here are some effective marketing and networking tips you can choose from and apply according to your budget, available time, and whether you work independently or with a real estate team.  Check [...]

2019-01-31T02:22:59+00:00Property Management|

Renting to Roommates: Survival Tips for Landlords and Property Management Teams

Renters who share living space with roommates other than a spouse or partner are not uncommon. Cohabiting is a way for singles to manage their housing expenses, and many people enjoy the company of a roommate or two. Renting an apartment or house to two or more individuals substantially broadens the pool of tenants who can afford your rental by pooling their income. Proper property management is of the essence here. However, renting [...]

Renter-friendly, Damage-free Decor and Storage options that Property Managers and Property Management Companies Will Love

When it comes to rental space, tenants usually want to personalize their space and make it more functional for their needs. Property managers want to protect landlords’ investments and discourage DIY customizations that can mar walls and other elements of a property. This is the tricky part for many property management companies, however, it doesn’t always have to be like that. Suggesting renter--friendly options for tenants to make their spaces more personal is [...]

Property Managers Can Get More Clients by Understanding Prospective Clients

One of the main goals among property managers is growing the business by signing new property owner clients and increasing the number of units they manage. The key to growing your business, as marketers and entrepreneurs everywhere will tell you, is understanding your prospective clients so you can meet their needs. Understanding your target market and creating buyer personas will help you establish more effective and more cost-effect marketing that: Communicates a stronger message [...]

2019-01-18T19:48:14+00:00Property Management|

Property Management: When to Hire an Expert?

Hiring a property manager involves additional cost, so many real estate owners tend to skip it and manage their homes or apartments on their own. However, hiring a property management specialist still proves to be the wiser choice for many. You Have Several Properties to Manage If you are a seasoned real estate investor, you might have a long list of properties and managing all of them can be time-consuming. Getting some help [...]

2019-01-18T19:51:37+00:00Property Management|