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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

4 Simple Tips to Grow Your Property Management Business

Posted by Mitchell Vinnitsky

High on the list of priorities for most property management companies is ongoing growth. Whether it’s adding new properties to your portfolio or expanding into other types of properties, growing your business takes time, patience and perseverance. In the beginning, achieving growth can seem like an impossible goal. The good news is, it’s not. Better yet, it’s not even as difficult as you may think. Let’s take a look at four simple yet highly effective growth strategies below.

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

3 Ways to Optimize Your Property Management Leadership

Posted by Mitchell Vinnitsky

There is very little that hasn’t changed over the past year and a half, thanks in large part to the pandemic. As a result, there has never been a greater need for strong, human-focused leadership. Within the property management industry, leaders must find better ways to prioritize communication while supplying their teams with the tools and technology they need to perform at their best. If you are in a position of leadership, here are three ways to better achieve your goals.

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Topics: Productivity, Technology, Property Management, Customer Service, Tips, Communication, Business Growth, Employee Satisfaction, Advice

6 Tips for Making the Move-In Process Less Stressful

Posted by Mitchell Vinnitsky

Community boards play an important role in keeping the peace and maintaining order. They can also be incredibly helpful to residents in a number of other, more personal ways. In particular, some communities implement specific strategies that are designed to help ease the burden and take some of the stress out of moving in. (Anyone who’s ever moved knows exactly how stressful it can be!) For community leaders looking to improve resident experience, here are a few ways you can emulate this.

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Topics: Productivity, Technology, Property Management, Customer Service, Tips, Communication, Employee Satisfaction

5 Ways to Attract More Property Management Clients

Posted by Jennifer McCready

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: Productivity, Technology, Property Management, Tips, Communication, HOA, Networking

6 Tips for Making the Move-In Process Less Stressful

Posted by Mitchell Vinnitsky

Community boards play an important role in keeping the peace and maintaining order. They can also be incredibly helpful to residents in a number of other, more personal ways. In particular, some communities implement specific strategies that are designed to help ease the burden and take some of the stress out of moving in. (Anyone who’s ever moved knows exactly how stressful it can be!) For community leaders looking to improve resident experience, here are a few ways you can emulate this.

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Topics: Productivity, Technology, Tips, Communication, HOA management

5 Tips to Improve Tenant Retention

Posted by Mitchell Vinnitsky

Minimizing turnover in your rental units does more than just keep money flowing on a consistent basis. It also helps to reduce the other costs associated with vacancies, including cleaning, repairs, advertising and showings. But renting out your units is only half the battle. It’s finding those good tenants and keeping them for the long term that’s the real key to success. Whether you’ve struggled in this area or would just like to make sure you’re maximizing your efforts, here are five pro tenant retention tips.

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Topics: Productivity, Technology, Property Management, Customer Service, Tips, Business Growth, Engagement, Leasing, Profitability

How to Handle Late Fees

Posted by Mitchell Vinnitsky

In a perfect world, every tenant would happily pay their rent on time, in full, month after month. Of course, any experienced property manager will tell you, there is no such thing as a perfect world. The reality is, people are late on their payments for a variety of reasons, and when they are, it can cause all kinds of issues on your end, not the least of which is cash flow. Add multiple properties with several late payers and you’ve got quite the financial headache on your hands.

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Topics: Productivity, Technology, Property Management, Tips, Business Growth, Budgeting, Advice, Economics

How to Tell if a Property is Worth Investing In

Posted by Mitchell Vinnitsky

Real estate investment is always a bit of a gamble. Sometimes you make out like a bandit. Other times, not so much. While there’s no way to eliminate risk completely, there are certain things you can look for that may indicate whether or not a property would be likely to produce sustainable returns. To improve your odds of a profitable transaction, here are a few key requirements to add to your list.

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Topics: Productivity, Technology, Property Management, Tips, Business Growth, Rentals, Real Estate

3 Types of Property Management Clients to Avoid

Posted by Mitchell Vinnitsky

If you’re just starting out in the property management industry, gathering as many new clients as possible may seem like a wise idea. If you’ve been in the business for a while, however, you already know there are some clients who simply aren’t worth pursuing. Knowing what red flags to look for can help you avoid the hassle and headache of working with problem clients and keep your book of business running smoothly. Here are three types of clients to steer clear of.

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

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