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7 Ways You Can Attract New Property Owners

7 Ways You Can Attract New Property Owners

Posted on 08. May, 2014 by .

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Acquiring new owners is essential to any growing property management business. Owners are looking for management companies that will make their lives easier and give them confidence that their properties are in the right hands. Are you maximizing your potential to draw in new owners? This useful list highlights 7 ways you can engage new […]

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How to Use a Resident Survey to Improve Your Properties

How to Use a Resident Survey to Improve Your Properties

Posted on 06. May, 2014 by .

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It’s safe to say that property managers are constantly in search of ways to improve their properties.  While some are obvious, others may not be quite so apparent.  For instance, do you really know what your residents think of your clubhouse?  Are they happy with property staff?  Is staff response to complaints prompt or nonexistent?  […]

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A Trust Accounting Primer

A Trust Accounting Primer

Posted on 29. Apr, 2014 by .

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In June of last year, an Arizona property management company was shut down due to improper use of a trust fund account.  During a routine audit, the account was found short of money, with further investigation revealing an unauthorized signer on the account, as well as the issuance of a monthly paycheck made from the […]

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Property Managers and Residential Housing Owners Need Protection

Property Managers and Residential Housing Owners Need Protection

Posted on 15. Apr, 2014 by .

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With a title like this you may think I’m about to encourage you get a bodyguard or a permit-to-carry. While neither of those ideas are bad ones, I’m talking about reviewing your personal and business insurance. I’m also encouraging you to know your legal liabilities and your rights. Concerning insurance, this is a good time […]

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10 Clues You Need To Modernize Your Property Management Business

10 Clues You Need To Modernize Your Property Management Business

Posted on 09. Apr, 2014 by .

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Take a quick look around your desk. Is it covered in papers and handwritten sticky note reminders? Maybe your printer is running out of ink from all the owner statements you have to print. These are just a few hints that it may be time to modernize your property management business. Does any of this […]

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Rent Checks Stolen from Property Manager’s Lockbox

Posted on 08. Apr, 2014 by .

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Don’t let what happened to a property management company in Las Vegas, Nevada happen to you. The company had set up a convenient lock box so residents could drop off their checks after hours. The worst case scenario unfolded on a hot summer’s evening in July when thieves who had noticed the drop box of […]

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3 Minute Quiz: Discover Hidden Ways You May Be Wasting Money

3 Minute Quiz: Discover Hidden Ways You May Be Wasting Money

Posted on 03. Apr, 2014 by .

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Do you know where your property management business is wasting money? Take this 3-minute quiz and instantly uncover new and hidden ways to save money and increase profits in your business. More savings in your business today means more money to invest in growing your business tomorrow!      

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Three More Ways to Fill Those Vacancies

Three More Ways to Fill Those Vacancies

Posted on 01. Apr, 2014 by .

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Here are three ideas from my upcoming article series titled “50 Ways to Fill Your Vacancies”. Like you, I’m fired up about the idea of having as many marketing tools as possible to manage properties effectively. As a property owner and/or manager, you may already have many successful ways to quickly fill your vacancies with […]

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The Anatomy of Your Business and How to Reinvigorate It

The Anatomy of Your Business and How to Reinvigorate It

Posted on 25. Mar, 2014 by .

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As your business evolves and grows your role as a property manager needs to be crystal clear to you, your clients and the residents you serve. Notice I listed “you” first. If you don’t fully grasp all the various roles that you’re playing in your business, how you prioritize your time and what is falling […]

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Local Social Media Is Your Competitive Advantage: Part Two (eBook)

Local Social Media Is Your Competitive Advantage: Part Two (eBook)

Posted on 25. Mar, 2014 by .

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Part 2 of this informative eBook from Social Media Expert, Charity Zierten. She shares insider tips on how to use local social techniques to strengthen your brand message, building relationships and encourage loyalty with prospects and residents. Download Your eBook Here

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Local Social Media Is Your Competitive Advantage: Part One (eBook)

Local Social Media Is Your Competitive Advantage: Part One (eBook)

Posted on 25. Mar, 2014 by .

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Interested in learning how to attract and retain residents through social media? Social Media Expert, Charity Zierten shares insider tips on how to use local social techniques to strengthen your brand message, building relationships and encourage loyalty with prospects and residents. She believes that in order to be more effective, it’s all about managing customer […]

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Your Path to a Successful Property Management Website

Your Path to a Successful Property Management Website

Posted on 12. Mar, 2014 by .

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In today’s world, your online presence is the face of your company. Most of the time it’s the first thing prospective owners and residents will see before initial contact is made. First impressions are key to engaging users. With technology advancing rapidly and Internet users expectations ever-increasing, knowing where to start and how to optimize […]

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The Mortgage Market Is About To Get Smaller

The Mortgage Market Is About To Get Smaller

Posted on 27. Feb, 2014 by .

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As 2014 begins a bureau created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, The Consumer Financial Protection Bureau (CFPB), will set new rules concerning mortgages. Lenders will be required to verify and inspect borrowers’ financial records. The rules discourage lenders from allowing borrowers to carry total debt payments totaling more than 43 percent of the person’s annual income.

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Why You Shouldn’t Use Excel As Accounting Software

Why You Shouldn’t Use Excel As Accounting Software

Posted on 19. Feb, 2014 by .

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First, let me confess that I love Excel. Having used Excel for years, I’m fully aware of its strengths, and will continue to use it to create spreadsheets, graphs, and tables. But for some unknown reason, there is a small group of property managers that continue to extol the benefits of using Excel as their primary accounting software.

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It’s Tough To Afford To Be A Renter These Days

It’s Tough To Afford To Be A Renter These Days

Posted on 17. Feb, 2014 by .

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Housing affordability isn’t looking too promising as 2014 begins. If you listen to the National Association of Realtors the opportunity to be a homeowner hasn’t been this affordable in a long time. If you review Figure 2 below you’ll get the impression that American housing is now extremely affordable and the typical household can easily make the monthly mortgage payment on a home. Thanks to historically low interest-rates, fixed rate mortgages have become more affordable for some American families and many analysts expect that this cheap credit will fuel another housing boom.

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Use Google Local Search To Grow Your Property Management Business

Use Google Local Search To Grow Your Property Management Business

Posted on 29. Jan, 2014 by .

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Google+ is an Internet marketing tool that you can use to grow your property management business. If you’ve never used it before, think of it as an updated and digital re-creation of the yellow pages. It provides the same service to a local business by providing a category and a specific location for what you do and where you are. When your property management business is on Google+, anyone searching for a company like yours in your area will be able to find you.

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Property Ownership and Property Management Outlook 2014

Property Ownership and Property Management Outlook 2014

Posted on 17. Jan, 2014 by .

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The year 2013 will go down in the record books as a good year for both owners and managers of residential income properties. As I wrote recently in an article titled, It’s Tough to Afford to be a Renter These Days, “Housing affordability doesn’t look too promising as 2014 begins. If you listen to the National Association of Realtors the opportunity to be a homeowner hasn’t been this affordable in a long time.” If you’re looking to sell a home, 2014 may be a good year though probably not as good as 2013. But if you’re looking to buy, 2014 will likely be a better year than 2013.

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Security Deposits – Part 1

Security Deposits – Part 1

Posted on 06. Jan, 2014 by .

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Did you know that a recent industry survey determined that 1 in 4 renters do not receive their security deposit back after vacating a rental unit? Though reasons varied, one statistic in the survey clearly stood out – nearly 36 percent of renters claimed that they never received a reason why their deposit was withheld. Their deposit simply wasn’t returned – an act that is illegal in almost every state.

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Lead Based Paint Hazards in California Residential Rental Property

Lead Based Paint Hazards in California Residential Rental Property

Posted on 20. Dec, 2013 by .

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The federal Residential Lead-Based Paint Hazard Reduction Act applies to residential property built before 1978. It imposes the following duties on owners.

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Will the Home Sales Spree Soon Leave Owners Holding the Bag?

Will the Home Sales Spree Soon Leave Owners Holding the Bag?

Posted on 16. Dec, 2013 by .

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Has the housing market begun to plummet due to rising interest rates? Are rental housing values about to crash? Those who read my articles know I’m frequently asking the questions that rental property owners and managers should also be asking. The answers are vitally important during these uncertain economic times. As of November 27, 2013 the yield on the 10 year Treasury bond sits at 2.74%. This is the benchmark interest rate impacting home mortgage rates, and it’s been stuck around this level for months.

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How To Choose The Right Property Management Software (eBook)

How To Choose The Right Property Management Software (eBook)

Posted on 09. Dec, 2013 by .

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Choosing the right property management software can seem overwhelming for many property managers. Because you don’t do it very often, you may not even really know what new features to look out for when evaluating a software solution.

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How To Prepare For A Winter Storm

How To Prepare For A Winter Storm

Posted on 02. Dec, 2013 by .

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With one winter storm already recorded in the books; there’s no doubt that it’s getting cold. Today in the desert southwest it’s a balmy 27 degrees. Even a sub-tropical paradise is no longer immune to the effects of a winter storm. In a typical season, winter storms can wreak havoc, causing billions of dollars in damages.

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Property Insurance – The Basics on Insuring Your Property

Property Insurance – The Basics on Insuring Your Property

Posted on 21. Nov, 2013 by .

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When you own real estate – whether an investment or a personal residence – you should procure the proper type and dollar value of insurance needed for your property. Unfortunately, many people don’t understand the basics of how insurance coverage works, and many individuals just want to spend “as little as possible” on insurance. The trouble comes about when there is an problem, like a fire, slip-n-fall, or lawsuit. If you don’t have the right type of insurance, nor enough coverage, it could end up costing you a lot of money. So let’s go over the basics herein, plus we’ll discuss renter’s insurance basics and tenant liability insurance basics too.

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Guide To The Cloud: Is It Time To Move Your Software? (eBook)

Guide To The Cloud: Is It Time To Move Your Software? (eBook)

Posted on 19. Nov, 2013 by .

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Many property management companies are quickly moving their business operations to the cloud. In this complimentary eBook, we cover what cloud computing is, how it can help your business grow and why so many property management companies are using cloud-based software.

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