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Being a “Remarkable” Property Manager

Being a “Remarkable” Property Manager

Posted on 19. Jun, 2014 by .

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Whether you’re following your passion or just trying to be successful at what you do for a living, it always counts to be in that esteemed group we call “outstanding”. There is more research surfacing that gives practical guidance on the characteristics of those who flourish and those who flounder. It’s not just motivation that […]

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Making Rent Collection Easier

Making Rent Collection Easier

Posted on 17. Jun, 2014 by .

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As important as it is for property managers to ensure that rent is received on a timely basis; rental collection is not just important to property managers. Surveys have shown that residents also want an easier way to pay rent. While many smaller management companies have continued to accept checks, many have done away with […]

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Property Managers Share Secrets for Filling Vacancies

Property Managers Share Secrets for Filling Vacancies

Posted on 13. Jun, 2014 by .

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The responses to my last article on filling vacancies fielded excellent suggestions from property managers. This kind of feedback offers ideas that are working now! Of course the ideas I shared in my series “50 Ways to Fill Your Vacancies” work well in today’s market. Yet those from our readers are personal favorites, innovative and […]

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What Today’s Renters Want

What Today’s Renters Want

Posted on 10. Jun, 2014 by .

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In older generations, renting an apartment was typically viewed as a temporary measure; with the ultimate goal being home ownership. A lot has changed since then.  The epic housing melt-down has driven more renters into the market.  And many young professionals are seeing apartments as a reflection of their tastes and personality, not as a […]

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Keeping A Handle On Clutter

Keeping A Handle On Clutter

Posted on 05. Jun, 2014 by .

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We all know that in the property management arena, managers typically have one chance to make a good first impression on prospective residents. So the last thing managers want is a cluttered mess to be the first thing that applicants see. We all become immune to our surroundings, seeing only what we want to see. […]

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3 Ways to Help Your Residents Pay on Time

3 Ways to Help Your Residents Pay on Time

Posted on 03. Jun, 2014 by .

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Other than filling vacancies, there are few topics more important for Property Managers than how to make sure your residents pay their rent on time and securely. From a behavioral vantage point, there are several effective ways to empower residents to pay their rent or lease payment on time, month after month. Here are three […]

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Effective Risk Management for Property Managers

Effective Risk Management for Property Managers

Posted on 27. May, 2014 by .

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The term risk management can mean different things to different people. But in short, effective risk management is concerned with both the financial and human consequences of unforeseen events. To effectively manage their properties, managers should make a concerted effort to become better educated in risk management; starting with identifying possible risks at each property, […]

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Mortgage Rates Falling as U.S. Consumer Sentiment Drops and Housing Starts Rise

Mortgage Rates Falling as U.S. Consumer Sentiment Drops and Housing Starts Rise

Posted on 20. May, 2014 by .

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On Friday May 16 the economic numbers turned Goldilocks-style “not to cold and not too hot”, and property managers need to be on top of these developments. First of all, the interest rate on the benchmark 10-year U.S. Treasury bond dropped to 2.5% from 2.7% in just one week’s time. That’s a 7.4% plunge, and […]

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Latest Home Building and Housing Affordability Numbers Look Good for Rentals

Posted on 13. May, 2014 by .

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The most recent housing market index is beginning to show some cracks in the mortar. Confidence in the home building sector has deteriorated lately, according to the results of an industry survey released on Tuesday Feb. 18th. The National Association of Home Builders (NAHB) said its housing market index (HMI) slipped to 46 in February […]

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Property Managers Common Website Mistakes (Infographic)

Property Managers Common Website Mistakes (Infographic)

Posted on 12. May, 2014 by .

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Websites are a critical meeting point between property managers and residents. Here, we look at the costly mistakes property managers make when trying to maintain their websites themselves. Download the full size infographic here.  

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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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