Posted on 29. Jun, 2010 by Mary Girsch-Bock.
In my last article, Resident Application Approval Process: Key Indicators, I discussed areas to look at when reviewing an applicant’s credit history. What follows is a list of potential red flags.
Posted on 25. Jun, 2010 by Aimee Miller.
Live coverage from the 2010 National Apartment Association Convention in New Orleans!
Posted on 24. Jun, 2010 by Aimee Miller.
We recently held a contest and asked property managers to guess the true cost of processing a monthly rent check. Property managers from all over the U.S. submitted their best guess and were automatically entered into a drawing to win a super cool Flip Video Camera.
Posted on 22. Jun, 2010 by KTS-Law.
Unless your unlawful detainer case went to trial, you have the option of obtaining a monetary judgment after your tenant vacated the property. There are several compelling reasons to continue the action to obtain a money judgment.
Posted on 18. Jun, 2010 by Aimee Miller.
Not many apartments for rent make national news! And it is true, you probably won’t get the chance to market a property like this: “President Obama lived here and you can too!” It got us to thinking about new ways to help your apartment or house stand out from the crowd.
Posted on 17. Jun, 2010 by Mary Girsch-Bock.
Years ago, approving applicants was a relatively simple process. You checked an applicant’s credit report, perhaps called a former landlord, verified employment, and soon you were taking deposits and setting up a move-in date. Like many other things, the rules have changed.
Posted on 14. Jun, 2010 by Heather Blume.
A lot of communities have open play fields or courtyards integrated into their design, the purpose of which, usually, is to sit there, look pretty, and encourage us to pay landscapers. If you have the resource and you’re paying to maintain it, the least you can do to be responsible to your budget is to find some use for it.
Posted on 10. Jun, 2010 by Heather Blume.
June is a month with amazing marketing possibilities! With the kids getting out of school, the sun beating down and the days getting as long and bright as possible, how can we expect our traffic and touring numbers to do anything but shoot through the roof this month?
Posted on 07. Jun, 2010 by Heather Blume.
I was an art student once, and I will tell you straight up that if you want something that will generate traffic, give you something to start conversations with, and will just plain out do those pictures your walls are currently sporting, college aged art students are about to become your best friends. Why? Because they need a venue to show their work.
Posted on 03. Jun, 2010 by Marc Courtenay.
You’ve probably worked hard to build up your book of clients and to establish yourself as an irreplaceable property manager. Yet we also know it’s easy to take those relationships for granted. We can convince ourselves that these owners know how lucky they are to have us managing their properties. After all, they probably aren’t shopping around for better management; at least we hope they aren’t?
Posted on 27. May, 2010 by Albert Oaten.
The 2010 NARPM Northwest Regional Conference was held at the beautiful Davenport Hotel in Spokane, WA. Here are photos from this year’s event.
Posted on 18. May, 2010 by Marc Courtenay.
Most of us want to expand our property management business. Very few can afford to do this extravagantly in this belt-tightening economy. No need to be anxious though. I’ve learned from almost 4 decades of experience that little things mean a lot, and little steps can produce big results.
Posted on 13. May, 2010 by Marc Courtenay.
This is an opportunistic time for property managers throughout the U.S.A. Not only are there growing numbers of potential “residents” looking for homes to rent or lease, but there are record numbers of owners who are not quite satisfied with their current property manager.
I hope that your clients are not one of those dissatisfied owners.
Posted on 11. May, 2010 by Heather Blume.
The last thing we want to do is to add anything more to our already overflowing schedules, but I want to encourage you to work in some resident retention time. Remember, it’s STILL cheaper to retain them than to turn even one apartment
Posted on 07. May, 2010 by Heather Blume.
I know that by the time I start seeing snippets of sunshine peeking through the Seattle clouds, the rest of the country must be 3 or 4 weeks into the beautiful weather that late April and Early May bring. As long as the outside is enticing, people will do the most that they can to spend time in it, which hopefully means a spike in on site traffic for you!
Posted on 05. May, 2010 by Marc Courtenay.
Property owners and managers are competing for new residents at an advantageous time. To compete effectively and economically, property managers are “turning up their imaginations” to make their properties more desirable. Here are five ideas to consider:
Posted on 28. Apr, 2010 by Jim Semick.
A single check seems small enough. But added up, the checks your property management company deposits or prints can ultimately bury your staff under a mound of paper. If you are on the way to a paperless office but haven’t yet tackled electronic payments for receivables and payables, you are paying more than you need to run your operation.
Posted on 26. Apr, 2010 by Aimee Miller.
In this April 22nd webinar video recording, Mike Whaling, social media expert for the residential property management industry, talks about how property managers can use social media (think Facebook, Twitter, blogging) to connect with current and prospective residents as well as prospective owners.
Posted on 22. Apr, 2010 by Heather Blume.
April is one of my favorite months in property management because it’s full of ANTICIPATION! We’re all waiting for that first big weekend, when the leasing season really kicks in to high gear for all those late May and early June moves. Instead of waiting this year, why not take a proactive approach with some fresh ideas to drive traffic to your door?!
Posted on 15. Apr, 2010 by Heather Blume.
Mood is infectious to the people around us because as humans, we’re wired for it. In the world of apartment rentals, your emotional state can be a grand ally in helping you control a given situation.
Posted on 13. Apr, 2010 by Marc Courtenay.
These challenging times present many bargains, discounts and some exceptional opportunities for property managers. Although rental rates have dropped and vacancies soared in many areas of the country, there are many reasons to believe we are at or near the bottom.
Posted on 08. Apr, 2010 by Mary Girsch-Bock.
When Judy moved out of her apartment, the property managers at one of New Mexico’s top management companies were mortified by the extent of damages. The front door was covered in dents, and windows were broken in both the bedroom and the living room. The carpet was covered in cigarette burns and ugly purple stains, and the bathroom tile was curled up and peeling from excessive water damage.
Posted on 31. Mar, 2010 by Heather Blume.
8 Seconds. That’s a very long time if you’re riding a bull. Not so long if you’re meeting a prospective resident. Humans are judgmental. Going beyond cultural lines, beyond family, beyond age, and beyond any other conceivable grouping, across the board, humans as a species are judgmental.
Posted on 24. Mar, 2010 by Jim Semick.
It’s rent week again, and all hands are on deck. If you’re like many other property management firms, you have an unwritten rule: no vacation during rent week. You realize that rent checks cost your company time and money with unnecessary handling, data entry, errors, staff frustration and other inefficiencies. Surely there has to be a better way.