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Visionary Property Managers Anticipate Tomorrow’s Rental Markets

Visionary Property Managers Anticipate Tomorrow’s Rental Markets

Posted on 06. Dec, 2016 by .

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“All the king’s horses and all the king’s men couldn’t put Humpty Dumpty together again.” Most of us can remember this childhood poem which has important lessons and reminders. The winds of change are blowing powerfully since the results of the November 8, 2016 U.S. elections. As the financial markets adjust to the changes and […]

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Property Management Perks: Ideas for How to Say “Thank You” to Your Renters

Property Management Perks: Ideas for How to Say “Thank You” to Your Renters

Posted on 22. Nov, 2016 by .

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Would you like to keep your best, most responsible residents? Are you interested in filling vacancies with that caliber of prospects? Let me share some perky ideas from some successful managers. The most frequent answer to the questions, “How do we motivate responsible residents to rent the properties we manage and how do we attract […]

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Property Management of Residents with Pets

Property Management of Residents with Pets

Posted on 14. Nov, 2016 by .

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There appears to be more people in the U.S. who live with a pet than ever before. The U.S. Department of Housing and Urban Development (HUD) is carefully looking into this topic as it pertains to renters. In fact, HUD has already published an 8 page guide titled Resident Rights that every property manager should become […]

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How NARPM Can Help You Manage Your Residential Properties

How NARPM Can Help You Manage Your Residential Properties

Posted on 01. Nov, 2016 by .

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If you really want to know what top property management professionals like, just ask them. That’s what I did in a random, anecdotal sampling out in the field, online and on the phone. What I wanted to discover is if they belonged to a professional association, which one, and why? The organization that rose to […]

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The How and Why of Becoming a Really Likable Property Manager

The How and Why of Becoming a Really Likable Property Manager

Posted on 25. Oct, 2016 by .

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As I listened to this long-time property manager describe his losses I was astounded. “These ungrateful owners don’t deserve me. I’ve worked hard for them and their residents and this is what I get?” Although this man was intelligent, his people-skills and mannerisms were brash, condescending and curt. Nobody enjoys the company or doing business with […]

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What the Election Means to Your PM Business + Presidential Landscaping Tips

What the Election Means to Your PM Business + Presidential Landscaping Tips

Posted on 18. Oct, 2016 by .

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While many property managers may be distracted by and entertained with the political elections in the U.S., now may be an auspicious time to shift our focus. How about two disparate attention targets? First, how do the presidential elections impact the cost of housing? My research found that residential real estate prices usually falls during […]

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What Do Current Economic Trends Mean for Property Management?

What Do Current Economic Trends Mean for Property Management?

Posted on 13. Oct, 2016 by .

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There are times where we throw caution to the wind and go “all in.” There are other times to pause and carefully ponder the realities of what may be “coming around the bend.” Perhaps, after nearly 8 years of low interest rates and endless economic stimulants, we are now in the “carefully ponder” stage of […]

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Property Managers Prosper with Competitive Advantages

Property Managers Prosper with Competitive Advantages

Posted on 30. Sep, 2016 by .

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Although I’m an ardent enthusiast of cooperation, I’m also a multi-decade-longtime instructor of how to create meaningful, competitive advantages. In fact, you can be both cooperative and competitive. Obvious competitive advantages include having honed your skill sets, mastered the use of cutting-edge technologies, and having outstanding people skills. Combined, you’ll be in a league of your […]

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Prosperous Property Managers Prepare for Positive Changes

Prosperous Property Managers Prepare for Positive Changes

Posted on 14. Sep, 2016 by .

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Are you an optimist, a pessimist, or a realist? Most of us would choose the later, but I like to call myself an optimistic realist. How about you? In the months and years ahead our self-confidence and self-image will be tested by what Shakespeare called “…the slings and arrows of outrageous fortune.” The uncertain future […]

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Why Good Property Managers Are Still Hard to Find

Why Good Property Managers Are Still Hard to Find

Posted on 08. Sep, 2016 by .

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In today’s world there seems to be fewer adequately compensated jobs where the demand outstrips the supply. If you are a property manager, assistant property manager, or facilities maintenance coordinator you’re in one of the best professions at the right time. Both the commercial and residential property management businesses are growing so fast that it’s difficult to […]

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National Apartment Association Adopts Energy Efficiency Initiatives

National Apartment Association Adopts Energy Efficiency Initiatives

Posted on 25. Aug, 2016 by .

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Just because the cost of heating and cooling buildings hasn’t been skyrocketing this year doesn’t mean it can’t happen next year. Being a “conservationist” when it comes to energy is good for everyone. Property managers around the globe are responding positively to the challenge. They know that energy efficient rental units attract conscientious residents while […]

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Perfecting Your Property Management Practice

Perfecting Your Property Management Practice

Posted on 23. Aug, 2016 by .

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Although it has been said that nobody is perfect, there are some who are what I call “near perfect.” After all, since practice makes perfect, why not keep practicing while striving for excellence? In today’s economy we are at an auspicious confluence of trends that will reward good property managers like never before. The word […]

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Property Managers Unfazed by Dazzling Job Numbers and Economic Anomalies

Property Managers Unfazed by Dazzling Job Numbers and Economic Anomalies

Posted on 09. Aug, 2016 by .

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One month the employment numbers disappoint and the next they sizzle. It’s enough to give an interested property manager whiplash! In a recent article I reported that “On Friday, June 3 the U.S. Bureau of Labor Statistics announced an addition of just 38,000 nonfarm payrolls during May 2016. Economists had been expecting 160,000. This was […]

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Property Management Maintenance of Strong Client Relationships

Property Management Maintenance of Strong Client Relationships

Posted on 02. Aug, 2016 by .

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The summer and autumn months remind alert property managers that annual maintenance procedures should be carried out. Taking good care of your clients’ properties is a critical management function. While you’re scheduling and overseeing these important responsibilities, ask yourself an urgent question. “Are my relationships with my clients well-maintained and as strong as ever?” The best […]

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Prudent Property Managers Insure with the Best Coverage

Prudent Property Managers Insure with the Best Coverage

Posted on 19. Jul, 2016 by .

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When was the last time you took a careful look at your business’ insurance protection? There is no need for salespeople to give you a pitch. This is a serious topic that is really self-motivating. Many property managers are so busy managing properties that they delegate the responsibility for adequate insurance coverage to someone else. […]

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American Property Managers Prepare for Possible Economic Recession

American Property Managers Prepare for Possible Economic Recession

Posted on 05. Jul, 2016 by .

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No one has a crystal ball when it comes to the U.S. economy, but recent data suggests the possibilities of an economic recession are increasing. A careful, timely preparation plan makes good business sense. First I want to remind you that economic statistics are not always reliable. In fact they can be very confusing. Let […]

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Prepared Property Managers Stick to Their Business Plans

Prepared Property Managers Stick to Their Business Plans

Posted on 23. Jun, 2016 by .

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Today is the best time ever to be a property manager. Today is the only day we have, since yesterday is history, tomorrow is a mystery, and today is a gift. It’s why we call today “the present.” There are more residents looking for rentals today that at any time in the history of the United […]

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Property Managers’ Proactive Response to Soaring Rents and Price Controls

Property Managers’ Proactive Response to Soaring Rents and Price Controls

Posted on 14. Jun, 2016 by .

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After nearly 6 years of rising rents and declining vacancies, ideas for solutions have become both a hot economic and political issue. In California, no less than the governor has become interested. The cost of housing is so high in many areas of California that paying rent or a mortgage often costs half of a […]

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Property Management Insights for a Thriving Business

Property Management Insights for a Thriving Business

Posted on 26. May, 2016 by .

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From the comments that I gratefully receive about my articles, I’ve learned that property managers are searching for better ways and best practices. They’re looking for creative insights that lead to success. If you’re in business for yourself or working hard for an employer you’re probably looking for new ways to shine. What if you’re doing […]

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Property Management Success Secrets from Successful Property Managers

Property Management Success Secrets from Successful Property Managers

Posted on 12. May, 2016 by .

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Most of my professional time is devoted to reading about and interviewing successful people. Yes, it is a fortunate “calling” and one that has taken me several decades to develop. When focusing on successful property managers I notice they all seem to share similar secrets about their success. One of those “secrets” involves a generous heart! […]

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Three Powerful Words That Build Lasting Relationships with Residents and Clients

Three Powerful Words That Build Lasting Relationships with Residents and Clients

Posted on 03. May, 2016 by .

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In today’s world of ever-changing strategies and depersonalizing experiments with “virtual reality” and “artificial intelligence,” property managers need relationship-building skills they can depend upon. This article is about 3 of the most reliable words for creating an environment of trust and loyalty in all aspects of the property management industry. These 3 words are essential to […]

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Proactive Property Managers Compete for the Best Clients and Residents

Proactive Property Managers Compete for the Best Clients and Residents

Posted on 28. Apr, 2016 by .

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Today’s residential rental housing market grows more competitive with each passing month. Vacancies fill faster than ever, and property owners expect the best management money can buy. If you’re determined to keep your best clients and residents then you’re probably at least a few steps ahead of your competition. If you’d like to attract new […]

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Attract and Retain Your Best Rental Residents with Common Areas

Attract and Retain Your Best Rental Residents with Common Areas

Posted on 26. Apr, 2016 by .

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Through years of personal experience, the smartest property managers I’ve known always focus on the quality of life that their residents enjoy. Attractive, well-maintained common areas are no exception. With a little imagination and a strong desire to be outstanding, proactive property management companies are thinking outside the box when it comes to desirable spaces […]

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Grow Your Property Management Business with Expanded Buying Power and Discounts

Grow Your Property Management Business with Expanded Buying Power and Discounts

Posted on 19. Apr, 2016 by .

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Interest rates are low, lenders need more business, and credit card companies want to attract better quality customers. These are the economic conditions that open the door for growth opportunities. On Wednesday, March 17th, the Federal Reserve’s Open Market Committee led by Fed Chair Janet Yellen not only left short term interest rates alone but […]

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