Staying relevant in the ever-changing property management industry means staying in tune with all the latest trends. For years now the role of technology in the world has evolved. Technology and innovation are embedded in society and business. Currently mobile technology serves a great advantage for property managers. Beyond offering a mobile friendly website, property managers can leverage mobile applications to streamline business operations.
Your HOA board plays a key role in both the short and long term planning within your property management business. In order to fulfill their responsibilities, board members must have access to certain information. In particular, they need details on company financials.
Over the next 20 years, 3 out of every 4 homes will be broken into. And while as a property manager, you may not be responsible for replacing a tenant’s stolen belongings, you are expected to provide residents with a dwelling where they can feel safe. In fact, home security is an important factor for many when deciding on a rental property, which means investing in the safety of your residents could give you competitive advantage over other property management firms. Here’s how to do so without going broke.
Last week I sat in on GlobeSt.com’s Webinar entitled “The Intersection of Technology and CRE”. Thankfully it was one of the more interesting and informative Webinars that I have attended recently. The presentation covered a variety of topics and moved at a quick pace, which I really appreciated, as patience is not one of my strongest virtues!
The topic on their agenda that I was most captivated by was how driverless cars are set to be the most disruptive force in commercial real estate.
One of the biggest challenges leaders in today’s workplace experience is that of figuring out how to successfully manage multiple generations. In any given office setting, the staff might range from Baby Boomers to Millennials, spanning 3 generations, each with their own unique set of needs, preferences, values and beliefs. So how can you effectively bring everyone together, keep everyone happy and create a more cohesive work environment that will help your property management organization thrive? Here are some suggestions.
So much has changed over the past decade and as a result, it seems each year there are new and exciting things on the horizon, especially for those working in human resources. Like it or not, the way we attract, screen, hire and retain talent is evolving, and only those businesses that keep up will remain successful. Is your property management organization ready? Let’s take a look at 5 trends that will begin to take shape over the next 12 months so you’ll know what to expect and prepare for.
As I happily binge watched back to back episodes of Tiny House, Big Living over the holidays, I realized just how much every trend has a corresponding backlash that follows it.
In this case, owning a large luxury home or a breathtaking penthouse suite was the ultimate goal for a while, as a large majority of our society coveted the celebrity lifestyle that is continuously promoted in every media channel. But many of us are waking up to the fact that living like a Kardashian brings some undesirable challenges and stressors with it, that often prevent people from truly enjoying life.
You may have heard the surprising news last week, that a major player in property management is no longer accepting the delivery of any packages for residents of their properties. This new policy is considered by many to be an extreme reaction to a very serious problem that countless property management companies are currently facing — how to manage an ever increasing influx of packages arriving for their residents.
Recently, we shared some tips on marketing your managed properties to the younger generation, often referred to as Gen-Y or Millennials. While these up-and-comers are certainly expected to start flooding the market, there are still plenty of more seasoned prospects that are in the market for housing. That said, here are some tips for marketing rental properties in order to attract Baby Boomers.
If the properties you manage happen to be located in a geographical area that gets a lot of snow and other winter weather woes, chances are you’re preparing for what’s to come (if it hasn’t already). Snow and ice removal is an important part of property maintenance management, particularly in terms of liability. You don’t want to end up in court on the bad end of a personal injury case. That said, here are 3 ways to make sure your properties are ready to bear the brunt of brutal winter weather.