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The Real Cost of Tenant Turnover

Posted by Mitchell Vinnitsky

Tenant turnover isn’t just a hassle. It’s one of the most expensive components of property management. While the cost of vacancy eats away at your bottom line, there are a number of other out-of-pocket expenses that must also be incurred in order to get those empty units filled again. To put this into perspective, let’s take a more detailed look at how tenant turnover can financially impact your business.

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Topics: Property Management, Tips, Engagement, HOA management, HOA management software, Benefits of association management software

Long-Term Maintenance Tips

Posted by Mitchell Vinnitsky

As property managers, we often think of maintenance requests as more of a reactive task. An owner or tenant calls to report something is damaged or broken, and we send someone out to take care of it. But this is actually only half of the equation. Keeping clients happy and vacancies at a minimum requires certain proactive and preventative measures. What does a long-term maintenance strategy like this look like? Let’s explore in greater detail below.

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Topics: Productivity, Technology, Property Management, Customer Service, Tips, Business Growth, Employee Satisfaction, Maintenance, HOA management, HOA management software, Benefits of association management software

Long-Term Maintenance Tips

Posted by Mitchell Vinnitsky

As property managers, we often think of maintenance requests as more of a reactive task. An owner or tenant calls to report something is damaged or broken, and we send someone out to take care of it. But this is actually only half of the equation. Keeping clients happy and vacancies at a minimum requires certain proactive and preventative measures. What does a long-term maintenance strategy like this look like? Let’s explore in greater detail below.

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Topics: Technology, Property Management, Tips, Business Growth, Advice, Maintenance, Real Estate, HOA management

How to Value Your Property Management Company

Posted by Mitchell Vinnitsky

With the economy finally recovering, now is a great time to sit down and figure out what your property management business is worth. Whether you plan on selling or not, it’s always good to have a clear, accurate and up-to-date picture of your company’s value. If you’ve never done a business valuation, this task can seem overwhelming. Here’s a step-by-step guide that should make the process a lot less cumbersome.

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Topics: Technology, Property Management, Business Growth, HOA, Customer Satisfaction, Automation, HOA management software

How to Value Your Property Management Company

Posted by Mitchell Vinnitsky

With the economy finally recovering, now is a great time to sit down and figure out what your property management business is worth. Whether you plan on selling or not, it’s always good to have a clear, accurate and up-to-date picture of your company’s value. If you’ve never done a business valuation, this task can seem overwhelming. Here’s a step-by-step guide that should make the process a lot less cumbersome.

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Topics: Technology, Property Management, Tips, Business Growth, Organization, Automation, Profitability, Business

How to Sell Your Property Management Company

Posted by Mitchell Vinnitsky

Recently, we shared some insight on how to determine the value of your property management company. This is an important business task, particularly when it comes time to sell. Whether you’ve reached retirement age or you’re just looking to exit the industry and pursue other ventures, there are certain critical steps and scenarios to consider before sellling your business. Let’s take a look at a few of these things below.

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Topics: Technology, Property Management, Accounting, Business Growth, Training, Networking, Analytics, Profitability

How to Buy a Property Management Company

Posted by Mitchell Vinnitsky

There are a few different ways to get into the property management industry. You can start at an entry-level and work your way up. You can launch your own property management company from scratch. Or, you can purchase an existing property management company. If you’re interested in the latter, it’s important that you approach things with eyes wide open. Here are a few tips from our experts on how to get the best deal.

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Topics: Technology, Property Management, Tips, Business Growth, Advice, Sustainability, Organization, Real Estate, HOA management

5 Ways to Optimize Your Time as a Property Manager

Posted by Mitchell Vinnitsky

Success in property management boils down to maximizing efficiency. This becomes increasingly challenging for those who invest in real estate part time. How can you make sure all of the properties you own and/or manage are kept in tip-top shape when you’re also working another job? Believe it or not, it’s easier than you think. Here are five proven strategies that will help you make the most out of your time so you can get the biggest return on your investment.

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Topics: Technology, Property Management, Training, HOA, Organization, HOA management

3 Common Lease Violations and How to Deal with Them

Posted by Mitchell Vinnitsky

Having a solid lease agreement is one of the fundamentals of property management. This document provides specific guidelines and serves as a binding contract that you can use to enforce the rules of your property. Unfortunately, as most seasoned landlords will tell you, even the best-screened tenants sometimes try to bend the rules. Here are three of the most common lease violations and how to best handle them.

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Topics: Productivity, Property Management, Tips, Business Growth, HOA, Organization, HOA management

5 Ways to Attract More Property Management Clients

Posted by Mitchell Vinnitsky

Property management is a competitive industry. If you want to position yourself as a leader in the market, you have to stand out from the crowd. You also have to be proactive, and sometimes even creative in how you reach and nurture leads. Ready to grow your book of business? Here are five tips from our property management experts.

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Topics: Technology, Property Management, Tips, Business Growth, Customer Satisfaction

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