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5 Ways to Enhance Business Relationships

Posted by Tricia Gopi

Relationships are essential in business. An organization must create a team that is reliable, they must ally with partners that are supportive, and foster loyalty with customers. Creating these relationships with key players is essential to the success of property management company. You can’t manage properties with a customer, you can’t serve customers without a team, and you can’t build your service without partners. No matter how you look at it, there is no situation where it is not important to develop and strengthen relationships.

Here are 5 ways to create longevity in your business relationships.

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Topics: Tips, Business Growth, Employee Satisfaction, Engagement, Hiring, Advice, Networking, Organization

3 Reasons Businesses Want Chief Data Officers

Posted by Tricia Gopi

 

A Chief Data Officer (CDO) is a relatively new C-Suite position that sometimes overlaps with responsibilities of a Chief Information Officer. Nearly 64% of leading corporations have hired a CDO since 2018. CDOs are growing in prominence and relevance in correlation with the growth and prominence of data in business. There is some variance in what businesses expect from their CDO, but the position indicates a shift in business stressing that data is an essential part of modern businesses and needs to be represented at the highest level.

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Topics: Hiring, Economics, Organization, Finance, Reporting

The Basics of HOA Fiduciary Duty

Posted by Tricia Gopi

An HOA board of directors is the governing body of a residential community. The purpose of an HOA board is to make and oversee decisions regarding community assets and regulations. Most HOA boards are non-profit organizations where each board member serves based on trust. Fiduciary duty requires board members to uphold that trust by acting in the best interest of the community.

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Topics: Blog, Property Management, Accounting, Communication, Business Growth, Hiring, HOA, Economics

3 Things You Should Know About the On-Demand Economy

Posted by Tricia Gopi

The on-demand economy has been on the rise for over a decade, growing with the popularity of Uber and Airbnb. Since 2008, it has brought in billions of dollars from consumers who want instant access to services. Over 42% of Americans have used on-demand services, a number that research suggests won’t be slowing down anytime soon.

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Topics: Blog, Communication, Business Growth, Employee Satisfaction, Hiring, Digital, Advice, Economics, Customer Satisfaction

What the 'Gig Economy' Means for Property Management Companies

Posted by Mitchell Vinnitsky
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Topics: Productivity, Blog, Technology, Property Management, Tips, Business Growth, Employee Satisfaction, Hiring, Training, Economics

What are Property Managers Responsible for?

Posted by Mitchell Vinnitsky

Property management is a 76 billion dollar industry, providing plenty of room for opportunity, with growth, profits and employment all on steadily on the rise. If you’re new to the industry, or are considering making a career change, here’s what being a successful property manager entails.

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Topics: Business Growth, Hiring, Training

4 Surprising Ways to Help Your Employees Achieve Their Career Goals

Posted by Mitchell Vinnitsky

Part of being a strong, positive leader is caring about the career paths of your employees just as much as you do your own. If you’ve been in leadership for some time, you probably already know the obvious ways you can help: provide growth opportunities, assign stretch assignments and arrange mentorships. But what about the not-so-obvious strategies? Here are four unique and somewhat surprising ways to help your employees get to where they want to go.

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Topics: Blog, Property Management, Communication, Business Growth, Employee Satisfaction, Engagement, Hiring, Advice, Training

3 Options for Selling Your Property Management Company

Posted by Mitchell Vinnitsky

Starting a property management business can be stressful. Deciding when to sell that business can be just as agonizing. If you’re feeling overwhelmed at the thought of getting your company sale-worthy, it can be helpful to know what options are available to you. Deciding which option is best for you can make it easier to determine what needs to be done to prepare for the road ahead. Here are the three main courses of action you could take.

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Topics: Business Growth, Employee Satisfaction, Hiring, Budgeting, Rentals, Advice

3 Fundamentals to Look for When Building a Board of Directors

Posted by Mitchell Vinnitsky

We recently went over some pretty compelling reasons why even a small property management company could benefit from having a board of directors. But understanding the advantages and actually making it happen are two different monsters. Where on earth do you even begin? Believe it or not, putting together a trusted board of directors or advisors isn’t as complicated or challenging as you may think. In fact, all you need to do is look for the following three fundamentals.

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Topics: Property Management, Tips, Branding, Business Growth, Hiring, Budgeting, Rentals

Introducing Social Engagement into Your Property Manager Training

Posted by Mitchell Vinnitsky

Ongoing staff education is the lifeblood of any business, particularly in a competitive industry such as property management. The acquisition of new knowledge and skills makes your employees an even more valuable asset and can help position your firm as an industry front-runner. One of the most effective ways to help your team learn and grow is through social engagement. Here are five ways to integrate social into your training strategy.

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Topics: Property Management, Customer Service, Marketing, Branding, Social Media, Communication, Business Growth, Employee Satisfaction, Engagement, Hiring, SEO, Digital, Training

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