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4 Reasons Cybersecurity Matters More Than Ever

Posted by Tricia Gopi on Apr 2, 2020 6:00:00 AM

 

Cybersecurity has become a prominent topic of conversation as a result of the ubiquity of technology and the importance of data. Exploring cybersecurity options and implementing best practices can help to fend off modern threats. Implementing thorough security processes can show customers that your business is, not only, prepared but less vulnerable to looming cyberattacks. Because data is now integral to how we operate as organizations and individuals, cybersecurity is essential to the well-being of your business.

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Topics: Business Growth, Security, Advice, Cybersecurity

The Basics of Cybersecurity for Property Managers

Posted by Tricia Gopi on Mar 31, 2020 6:00:00 AM

As data has made its way online into the digital sphere, it’s essential for everyone, from businesses to consumers, to understand how to fortify sensitive data. Protecting vulnerabilities against threats enables businesses to continue to operate without compromising their employees or their customers.

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Topics: Technology, Security, digital security, Advice, Community, Cybersecurity

1099-MISC Form: The Basics for Property Managers

Posted by Tricia Gopi on Mar 19, 2020 6:00:00 AM

Anyone who is actively engaged in the business of leasing, renting, and managing real estate is required to provide 1099 forms. The most commonly used version of the 1099 form is the 1099-MISC.

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Topics: Advice, Economics, Finance, Reporting

4 Tax Incentives Property Management Companies Need to Consider

Posted by Tricia Gopi on Mar 17, 2020 6:00:00 AM

There are a variety of tax deductions or “write offs” available to your business. Your options vary depending on what region your business operates out of. According to Intuit Turbo Tax, a company can generally deduct the cost of any business expenses incurred that tax year that were necessary to be operational.

Potential opportunities for deductions include travel expenses, training, software, interest, and even insurance.

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Topics: Advice, Economics, Finance, Reporting

4 Ways to Improve AGM Attendance

Posted by Tricia Gopi on Feb 27, 2020 6:00:00 AM

An AGM (annual general meeting) is a mandatory meeting held between a condo corporation and its owners/shareholders. According to the condominium act, at least 25% of owners need to attend their AGM, either physically or by proxy, to reach quorum. If quorum isn’t reached, AGMs are delayed until enough people can attend.

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Topics: Communication, Engagement, Advice, HOA, Customer Satisfaction, Community

4 Ways Property Managers Can Go Green

Posted by Tricia Gopi on Feb 25, 2020 6:00:00 AM

Sustainability is no longer a passing trend, companies are committing to green business practices at an increasing rate. The questions often asked when presented with the opportunity to be more sustainable is: “is it worth it?” The short answer – yes.

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Topics: Property Management, Advice, Economics, Sustainability

How to Handle Disagreements in Your Community

Posted by Tricia Gopi on Feb 20, 2020 6:00:00 AM

In multi-family residential complexes, interpersonal friction between owners and tenants isn’t uncommon. In 2019, people spent an average of 2.8 hours of their week in conflict with someone else. Whether they are minor disagreements, noise complaints, or neighborly spats, it’s important that property managers are able to minimize altercations as soon as possible by deescalating tensions.

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Topics: Property Management, Communication, Advice, Customer Satisfaction, Conflict Resolution, Community

4 Thing to Consider When Delivering Difficult News

Posted by Tricia Gopi on Feb 18, 2020 6:00:00 AM

One of the hard realities of property management is that sometimes you have to be the bearer of bad news. It’s important that property managers maintain a positive relationship with their tenants so, delivering negative news can be intimidating. No one ever wants to be in the position of telling tenants about rent increases, large maintenance projects, or repair issues. Ideally, property managers will rarely have to deliver this kind of news, but when they do, it’s important to be tactful and honest.

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Topics: Communication, Employee Satisfaction, Advice, Customer Satisfaction, Conflict Resolution

3 Ways to Curb Parking Incidents

Posted by Tricia Gopi on Feb 13, 2020 6:00:00 AM

The importance of meticulously managed parking lots can’t be overlooked. In many large cities across North America there is a demand for parking that isn’t easily being met which can lead to tensions with first come first serve parking systems. In properties like condos, that have central parking garages, it’s beneficial to take precautions to avoid potential incidents as much as possible by creating a strategical parking system.

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Topics: Tips, Employee Satisfaction, Advice, Conflict Resolution

How Property Managers Can Avoid Miscommunication

Posted by Tricia Gopi on Feb 11, 2020 6:00:00 AM

According to researcher, Osmo Wiio, “if communication can fail, it will fail.” Being prepared for potential miscommunications is the best way to ensure successful interactions. Property managers need to be able to communicate clearly to efficiently manage their community. They must also do their best to understand what owners, tenants, and residents need.

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Topics: Productivity, Property Management, Employee Satisfaction, Advice, Conflict Resolution

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