Rent increases can be one of the most sensitive topics related to property management. After all, no resident wants their monthly rent bill to get more expensive. Still, increases do need to happen sometimes, so how should you handle them? Below, we’ll answer some common questions about rent increases.
Renting to college students presents a unique situation for property managers. It’s not necessarily just like renting to anyone else. While college students are a diverse group, most will have some things in common that are relevant for property managers to consider.
Interested in becoming a property manager and want to increase your chances of success? Already managing a property and not sure if you’re on the right track? Growing your business and wanting to make sure you do it the right way? Wherever you fit in, ManageGo has you covered. Here are our top five tips for success in property management:
It comes up time after time in discussions about how to keep things running smoothly as a property manager: communication with residents is crucial. By communicating well, you let your residents know that you understand their concerns and are willing to do what it takes to address them.
Resident complaints are an unfortunate fact of life in the property management industry. It’s impossible for everything to go perfectly all the time, and when something goes wrong, residents are sure to have an issue. Still, there are steps you can take to minimize the number of complaints you encounter. Here are a few of the most common resident complaints — and how you can avoid them:
If you manage rental properties, you’re almost certainly familiar with application fees already. Still, it’s important to talk about them, since they’re an important part of the application process and, consequently, of your business. Here are a few tips to help you make sure you’re getting the most out of your rental application fees.
Do you have a property management license? In some areas, a valid license is required to perform work related to property management, including leasing. If you’re interested in obtaining yours, here are five things you might want to know about property management licensing.
What’s in your property management office? What kinds of supplies do you have? What kind of supplies should property managers have on hand?
So you’ve just purchased a new property — way to go! Whether it’s your first property or your fifty-first, it’s always a big deal. But now what? If the property already has residents living in it when you purchase it, a good next step is to introduce yourself to them, and a letter is an easy way to do that. Here are a few points you might want to cover in an introductory letter to your new residents.
Every property manager wants to make sure that all of their residents are able to make their payments — after all, that’s how they make their money! Online payments are easiest for you, but not for all of your residents. Some people simply aren’t comfortable with technology and won’t want to pay online. So what can you do? Here are 3 great potential payment methods that don’t require any computer use by your residents.
If you’re buying a rental property that’s not brand new, the odds are good that there are already residents living at the property. So where does that leave you? You should know that you’re not the only one with questions about this — but we’re here to help! Here’s the ManageGo guide to buying a property with existing residents.
Property inspections aren’t very convenient for anyone — property managers or residents. Despite that, they’re very necessary, and you’ll need to conduct them. Problems can arise even when you have great residents, and if you’re not conducting regular inspections, you could miss them until it’s too late. With that in mind, here’s our quick guide to some of the most commonly asked questions about property inspections.
Membership in a property management association is the best way to make sure you have access to continuing education resources, industry news sources, and professional networking opportunities year-round. If you’re not a member of any associations yet, here are a few that we recommend you take a look at.
Wear and tear is a phrase you’ve probably heard before. But what does it mean in the context of property management, and why is it important to know about? Take a look at this handy guide to learn more.
It probably goes without saying that a fire at a rental property you own or manage is bad news. Still, they can happen, so it’s very important to be prepared. Here are a few things you’ll want to be ready to do if a major fire occurs at one of your properties.
