Posted on 02. Feb, 2011 by Marc Courtenay.
Back in November 1997 I purchased a 3 bedroom condo in Santa Barbara, California for around $265,000. Less than 6 years later I sold it for $749,000. Now I’ve learned that in many areas around the country it’s 1997 all over again.
Posted on 28. Jan, 2011 by Mary Girsch-Bock.
Craigslist has become an indispensable resource for just about anything. One of their most popular sections is Apts/Housing, which covers everything from monthly move-in specials to single family home rentals. However, the single family homes category is ripe with scammers looking to rip potential renters off.
Posted on 25. Jan, 2011 by Marc Courtenay.
In these challenging times there is one question all property managers should be asking themselves; “Why would my clients and residents prefer me and the properties I’m managing?” Recently I asked a successful, long-time property manager the simple question, “What keeps your owners happy?” It was another way of asking the question in paragraph one.
Posted on 20. Jan, 2011 by Charity Hisle.
Whether it’s an open house or a pool party, your apartment community should be sharing events on Facebook. As the largest social network, the average Facebook user is connected to 80 community pages, groups and events. Facebook is a good place for property managers to share events with their residents and prospects.
Posted on 18. Jan, 2011 by Aimee Miller.
We all know how happy great, new content makes Google. If you can find 30 minutes each week to write 1 or 2 articles for your property management blog you will definitely start to see more traffic coming to your website.
Posted on 12. Jan, 2011 by Mary Girsch-Bock.
Even though the IRS has a thorough set of instructions available for 1099 processing, many people still find themselves unsure of who should receive a 1099, what the minimum amount is or when they need to mail the 1099’s by. So, I’ve made a list of suggestions that you can use as a cheat sheet, or as a refresher of the basic rules you should know to make property management 1099 processing quick and painless.
Posted on 07. Jan, 2011 by Marc Courtenay.
Recently I had an interview with a prominent West Coast property manager. We were discussing some of the most recent “challenges” facing property managers. The conversation quickly shifted toward bed bugs and pest control. More and more residents and managers are trying to find healthy alternatives to toxic pesticides when attempting to eradicate the ever-resilient bedbug.
Posted on 28. Dec, 2010 by Mary Girsch-Bock.
No matter how cynical you are the New Year always represents an opportunity to begin anew. Here is a list of five resolutions that all property managers should make that will bring rewards throughout 2011.
Posted on 22. Dec, 2010 by Marc Courtenay.
In some areas and regions in the U.S. rental rates are actually increasing along with demand. “As rents rise and the cost of home ownership declines, owning is becoming more attractive,” notes California real estate analyst John Burns in a recent CNBC report.
Posted on 16. Dec, 2010 by Heather Blume.
National Novel Writing Month, or NaNoWriMo as it’s called, happens every November. It’s one of those self challenges that we often take on, “Just to see if we can do it.” The goal for NaNoWriMo is to write a 50,000 word novel in just 30 days.
Posted on 14. Dec, 2010 by Marc Courtenay.
The facts and statistics speak for themselves. The number of people losing their homes is soaring. Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures have been challenged in court.
Posted on 09. Dec, 2010 by Mary Girsch-Bock.
Depending on where your properties are located, you may find yourself spending weeks preparing them for the cold winter months. Even those in more temperate climates will need to do some basic housekeeping in order to keep maintenance calls in check.
Posted on 07. Dec, 2010 by Mike Brewer.
This is the second post in a two part series based on the book Good to Great by Jim Collins. We will discuss making the right hiring decisions, turning loose of bad behavior and making sure personal competencies fit roles and responsibilities.
Posted on 03. Dec, 2010 by Charity Hisle.
How can an apartment community build their fan count by appealing to the good will of others? Below are two strategies to kick off a brainstorming session this holiday season.
Posted on 02. Dec, 2010 by Mary Girsch-Bock.
There are distinct differences between cash accounting and accrual accounting methods. When setting up your company for the first time, you’ll have to choose which of these accounting methods you will be using for recording accounting transactions.
Posted on 23. Nov, 2010 by Mike Brewer.
This is the first of a two part series where I will be using the book Good to Great by Jim Collins to talk about the topic of people. In the book Jim and his team of very talented researches dig up a few practical principles used by companies to differentiate themselves from the crowd.
Posted on 17. Nov, 2010 by Marc Courtenay.
One of the many ways property managers earn a living is by charging fees for their services. And those fees can add up to a significant amount. Not wanting to nickel and dime the owners they work for, some property managers will absorb various costs or give away some of the extra time spent dealing with administrative issues.
Posted on 11. Nov, 2010 by Mary Girsch-Bock.
We all know that November and December are the busiest months of the year for travel. That means that while your residents are enjoying a Thanksgiving feast or unwrapping presents, their apartment or home will likely be empty.
Posted on 09. Nov, 2010 by Marc Courtenay.
If your rental properties make a great first impression then potential residents will want to see what’s on the inside. This article will focus on rental properties with five units or less, and is especially applicable for rental houses.
Posted on 05. Nov, 2010 by Mary Girsch-Bock.
I’ll admit that bank reconciliations are a pet peeve of mine. Not the bank reconciliations themselves, but the number of people who routinely toss them in the ‘to do’ pile, leaving them sit for a month – or three.
Posted on 03. Nov, 2010 by Aimee Miller.
Now that you’ve created a Facebook Fan Page for your Property Management company you need to actually post things to it that are interesting to your audience! If your Facebook Fan pages are filled with vacancies, updates and specials, it will take you a while to build a great fan base. Ask yourself – what would I find interesting, useful or entertaining?
Posted on 27. Oct, 2010 by Mike Brewer.
For a lot of people, searching for an apartment is one of those dreaded but necessary experiences you have to go through from time to time. It ranks up there with paying taxes, putting gas in your car and getting a haircut. People are busy and the process of searching for a new place to live just is not that much fun.
Posted on 15. Oct, 2010 by Mary Girsch-Bock.
There are more property management companies operating today than ever before. With the increased competition, it might be time to evaluate what you can do to make your company stand out from the rest.
Posted on 14. Oct, 2010 by Aimee Miller.
Welcome to our coverage of NARPM’s 22nd Annual Convention and Trade Show in Seattle, WA at the Seattle Sheraton Downtown. This year’s theme is “Dare To Soar”. Please, feel free to share your experiences in the comments area at the bottom of this post.