Attracting prospective renters is no doubt an important task for a property manager, but what are you doing to keep the ones you already have? Here are three reasons why resident retention is essential to your success, and the best ways you can achieve higher retention rates at your properties.
Fall is the perfect time to bring the community together. Not only are events just plain fun, but they also serve to enhance your residents’ experience which is crucial to resident retention and good recommendations for your properties. Keep reading for 5 event ideas to get your residents in the fall spirit!
Long gone are the days of managing your multifamily properties with spreadsheets, physical paperwork, and rent checks…at least we hope. No really–you’ve invested in property management technology, right? Well if not, it’s time to modernize your property management. Let’s take a look at how investing in PropTech and upgrading your management system is a smart move for your rental business.
As a property manager, collecting rent at the beginning of each month is the bread and butter of your business. As a crucial task, and one that’s often much easier said than done, it’s essential to do everything in your power to make paying rent as easy and mindless as possible. Read on to discover the top 3 reasons you need to be offering automatic payments to your residents today.
Keeping tabs on certain key performance indicators (KPIs) will give you some objective criteria by which to judge your business’ success and help illuminate where things are working well and where there may be some room for improvement. If you’re not sure what KPIs to track, we’ve got you covered; let’s take a look at three of the most useful metrics for property managers.
You know how important preventive maintenance is. You probably also know that the best way to make sure it all gets done is by making a list and sticking with it until everything is done. But did you know that there are a few tricks to help ensure that you’re maximizing the utility of your checklist? Here are some of our favorites.
Have you ever given any thought to renovations at your multifamily property? If not, it might be worth thinking about. Renovations can be hugely valuable for your properties, helping to modernize them and make them more appealing to potential residents. Interested yet? Then read on to find answers to a few renovation FAQs!
A recent innovation in the world of property management is the ability for residents to build credit when they pay their rent. The advantage of a service like this for residents is obvious: they can increase their credit score with no extra effort just by paying rent, which they already do anyway. But the arrangement offers some perks for property managers as well. Here are three top reasons to consider offering this type of program to your residents.
Maintenance is hard work. Between inspections, preventative maintenance, repair requests, and major renovations, it’s a lot for any property manager to handle. With so much to do, you certainly don’t want to make any of it harder than it has to be! Here are some of our top tips to maximize maintenance efficiency and work smarter, not harder, on maintenance tasks at your properties.
Thinking about getting into multifamily property management? We’re here to help! Whether you’re an experienced property manager who has previously only handled single-family properties or you’re looking to break into real estate investment for the first time, we’ve got you covered. We’ll walk you through everything you need to know about getting started in the multifamily business.
When an emergency strikes, will you be ready? Natural disasters are on the rise, and it’s vital to make sure you have a plan in place to protect your residents and properties in case one impacts you. So what can you do to make sure you’re properly prepared? Read on to find our top emergency-readiness tips.
Back in the day, resident benefits packages were offered to those who lived in luxury properties. Fast forward to today, and now all types of rental properties offer benefits packages because it’s become a part of the resident experience. They can cover just about everything! Think about how amazing your residents would feel with benefit options like air and water filter delivery, 24-hour concierge services, and emergency repairs.
Hosting resident events at your property is an amazing way to keep residents excited about the community and boost the resident experience. Residents should feel more like members of the community and less like tenants, so we thought you could host a Wine and Paint event at your apartment building. We know this involves a lot of planning and time, so we gathered some details just for you in this blog post. Keep reading for more!
We understand as a property manager you can get very busy focusing on maintenance and amenities, which leaves the overall look of your property forgotten about. However, one of the top marketing strategies for property managers is upgrading your curb appeal. Here are a few details on curb appeal and the best ways to give your property a mini-makeover before posting your new listing.
Whether you’re a parent or not, the most important thing is to keep children safe. It’s especially essential to prospects that have families, and to you as a property manager. It’s against the law to discriminate against families with children, so you must assume they’ll be living at your property at some point (if they’re not already). Either way, it’s crucial that you follow child-proofing methods to prevent an accident where you might be held accountable.
