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Property Management Best Practices

Posted by Mitchell Vinnitsky

New to property management? With so many moving parts, it’s easy to feel overwhelmed. But given the level of competition in the industry, being at the top of your game is essential to your survival. To give you a better foundation for success, here are a few best practices as shared by our team of experts.

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

How to Create a Virtual Property Tour

Posted by Mitchell Vinnitsky

Technology has fundamentally changed the world of property management. One of the most innovative changes has been the introduction of virtual showings. This strategy was pushed even more to the forefront thanks to the recent pandemic. Not only are virtual tours safer, but they’re also more convenient for everyone involved. That being said, there are certain measures you can take to make your virtual walkthroughs more appealing. Let’s take a look at a few of these things below.

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Topics: Technology, Property Management, Business Growth, HOA management, HOA management software

5 Tips for Better Landlord-Tenant Relationships

Posted by Mitchell Vinnitsky

Your success as a landlord hinges heavily on maintaining strong, positive relationships with your tenants. Developing trust and keeping your good tenants happy will, in turn, keep your vacancies low and your cash flow healthy. Are you doing enough to create and manage these solid relationships? Could you use a little help in this area? We’ve got you covered. Check out a few of our expert tips below.

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Topics: Technology, Property Management, Business Growth, Maintenance, HOA management, HOA management software

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 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

3 Hidden Costs of Budget Property Management Software

Posted by Mitchell Vinnitsky

Keeping expenses as low as possible is the name of the game in most businesses, and property management is no exception. Sometimes, however, taking the cheaper way out can actually end up costing you more in the long run. This is frequently the case with property management software. Budget-friendly solutions may seem ideal on the surface, but they often come with a number of unexpected and unpleasant surprises. Here are just a few of the hidden costs to beware of.

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Topics: Productivity, Technology, Property Management, Customer Service, Tips, Business Growth, HOA management

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