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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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Property Managers Weigh Housing Trends and Prepare Now for Change

Property Managers Weigh Housing Trends and Prepare Now for Change

Posted on 22. Mar, 2016 by .

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It’s been said that nothing is more certain than death and taxes. That may be so, but another certainty in life that needs to be added to that short list is “change”. No, I’m not talking about the money you get back when buying an item for $7.99 and paying with a ten dollar bill. […]

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Property Managers – Work Smarter Not Just Harder

Property Managers – Work Smarter Not Just Harder

Posted on 01. Mar, 2016 by .

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“It’s not enough to be busy. So are the ants. The question is what are we busy about?” –Henry David Thoreau Each of us accomplishes our work one day at a time. We work hard, yet it’s easy to forget that we have untapped intelligence and ingenuity to achieve a better life for ourselves and our […]

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Proactive Property Managers Reach Out to Outstanding Residential Renters

Proactive Property Managers Reach Out to Outstanding Residential Renters

Posted on 11. Feb, 2016 by .

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There are two groups of dynamic business-people doing all they can to connect with highly qualified residential renters: successful income investors and proactive property managers. Successful income investors know that right now is prime time to increase their property portfolios. As the cost of borrowing goes down they can leverage more purchases and expand their […]

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Reaching Your Potential as a Self-Actualized Property Manager

Reaching Your Potential as a Self-Actualized Property Manager

Posted on 26. Jan, 2016 by .

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“What a person can be, she must be. This need we call self-actualization.” This quote, from the father of the self-actualization movement Abraham Maslow, crystallizes why this article is important. Are you a property manager because that’s what you truly want to do as a profession? Is your work simply a job or is it your calling, […]

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6 Keys to Successful Property Management

6 Keys to Successful Property Management

Posted on 21. Jan, 2016 by .

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As a property manager, do you ever feel stuck in the mundane routine of your weekly responsibilities? Are you overwhelmed by the magnitude of the responsibilities that define your important career? If you answered yes to both or either question, don’t feel alone. Every honest property manager I’ve ever spoken with has confessed that at […]

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Smart Property Managers Ask the Right Questions

Smart Property Managers Ask the Right Questions

Posted on 14. Jan, 2016 by .

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The next time you attend a party or large gathering, look around at the group clusters that invariably form. Choose a couple of them to quietly walk up to and stand on the perimeter with rapt attention. What you’re likely to hear if you listen carefully is that there are three kinds of people in each group. […]

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7 Resident Retention Ideas for the New Year

7 Resident Retention Ideas for the New Year

Posted on 07. Jan, 2016 by .

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The end of one year and the beginning of a new one is a great time to consider new ideas for retaining employees and those vital folks who pay the rent every month: our valued property residents. Recently I sat down with a 40-year property management superstar (in my humble opinion) to learn her latest views […]

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Property Managers’ Money Saving Strategies for 2016

Property Managers’ Money Saving Strategies for 2016

Posted on 05. Jan, 2016 by .

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As one year ends and another begins, property managers throughout the nation are becoming more aware of strategies to cut costs and increase profits. Here are some timely tips and ideas. Revisit your most time-consuming operations to discover how technology can improve efficiencies. Speak to both your inside and outside technology field reps for helpful […]

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HOAs – 7 Insights for Property Managers

HOAs – 7 Insights for Property Managers

Posted on 01. Dec, 2015 by .

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As more single-family subdivisions are built and more apartment complexes convert to condominiums, many form Home Owner Associations (HOA). These are opportunities for good property management! Many an HOA would prefer not to deal directly with the myriad issues of coping with the needs of owners and their renter-residents. Enforcement of the Covenants, Conditions and […]

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Property Manager Potpourri of Gratitude and Good Ideas

Property Manager Potpourri of Gratitude and Good Ideas

Posted on 24. Nov, 2015 by .

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The following is my open letter to the property managers and readers of my articles. It is intended to make a meaningful, positive difference in your professional and personal lives. Dear Property Managers and Other Readers, This is the time of year that motivates me to thank you for being a part of our extended […]

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Property Managers Emphasize Time Efficiency

Property Managers Emphasize Time Efficiency

Posted on 17. Nov, 2015 by .

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All of us in the business of property management wish there were more hours in the day to complete our work. Yet as the old saying goes “Time waits for no one…” and few have time to waste. Yes, more time is often what we want most, observed William Penn, “…but what we use worst.” By […]

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Why Property Managers Need Powerful Advocates

Why Property Managers Need Powerful Advocates

Posted on 05. Nov, 2015 by .

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When I first spoke with Marshall Saunders, a 30-year veteran in the Midwest real estate market who owned and ran the largest RE/MAX office in the world, I knew he’d be an effective advocate. It wasn’t even because he now owns a leading midwestern real estate investment platform, SaundersDailey, which led me to believe he […]

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Discover the Secrets to Increased Success

Discover the Secrets to Increased Success

Posted on 29. Oct, 2015 by .

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Whether it’s the last quarter of your business year or the first, knowing some secrets that help you to increase your business’ results can really pay off. Let’s begin with a powerful starting point. Napoleon Hill, the author of one of my favorite books on success (“Think and Grow Rich”) made this observation: “The starting […]

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More SFRs and the Call for Seasoned Property Managers

More SFRs and the Call for Seasoned Property Managers

Posted on 06. Oct, 2015 by .

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Good news is worth celebrating, and there’s good news for the property management business: A huge increase in residential rental real estate will soon need your services. As I’ve reported numerous times during the past two years, more and more homes are being purchased for conversion to single-family rentals (SFR). Since the crash of 2008-2009 […]

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Property Managers Seek Clues on Economy and Local Real Estate Valuations

Property Managers Seek Clues on Economy and Local Real Estate Valuations

Posted on 22. Sep, 2015 by .

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Knowledge is power, especially in the field of property management. Behind the scenes insights about the direction of interest rates, the national economy and housing values can make a lucrative difference. Recent news that home prices relative to personal income are soaring again is a good example. When the price of buying a condo or […]

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Property Managers Help Residents Save Money and Energy

Property Managers Help Residents Save Money and Energy

Posted on 15. Sep, 2015 by .

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While vacancy rates are low many property managers are focusing attention on effective ways to retain good residents and proactively please their clients. Saving money is one of the most popular ways. The cost of energy to heat and cool buildings is rising once again. With seasonal variations and the extreme temperature changes many are facing, […]

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Property Managers Prepare for More Renters and Fewer Vacancies

Property Managers Prepare for More Renters and Fewer Vacancies

Posted on 25. Aug, 2015 by .

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In today’s housing market there are some unmistakable trends that I’ve commented on in recent articles. The number of owner-occupied dwellings is dropping while rental vacancies are vanishing. Put another way, recent data from varying sources—including the Census Bureau—verifies that vacancy rates have fallen to a 30-year low. Residents are finding fewer choices available to rent than […]

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How to Turn Evictions into Growth Opportunities

How to Turn Evictions into Growth Opportunities

Posted on 18. Aug, 2015 by .

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There is nothing fun about the eviction process. However, when a resident stops paying rent or becomes a problem tenant, appropriate action must be taken. But property managers can turn this frustrating process into a growth opportunity to find new owners. You might also discover potential clients that are ready to sell their “headache” properties. Turn the stress of […]

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Property Managers Face Housing Market Conundrum

Property Managers Face Housing Market Conundrum

Posted on 07. Aug, 2015 by .

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Recent reports of a robust recovery in the construction and sales of single-family homes are eclipsed by stories of a boom in higher-density, multifamily complexes. Even publicly traded homebuilders are seeing their share prices soar to heights last seen well before the Crash of 2008. D.R. Horton (DHI), the largest publicly-traded homebuilding company recently reported […]

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Property Managers Face Bidding Wars as Housing Bubble Looms

Property Managers Face Bidding Wars as Housing Bubble Looms

Posted on 28. Jul, 2015 by .

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Just when we thought housing prices may cool down, a new sign of a housing “bubble” has emerged. This combined with a June surge in U.S. home construction has property managers paying attention. Other bubbles that directly relate to the property management business include rental rates, which moved 3% higher in June on a year-over-year […]

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