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Do You Appreciate Your Tenants?

Do You Appreciate Your Tenants?

Posted on 21. Mar, 2013 by .

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As property managers, we’re all aware of the multitude of issues that frequently arise with unreliable tenants. Late rental payments, disturbing the peace, illegal activity, and a general disregard for the property are all problems that typically arise in the property management industry.

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How to Survive an Audit

How to Survive an Audit

Posted on 19. Mar, 2013 by .

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They’re the words that strike fear in most of us. “You’re being audited.” First, don’t panic. Many IRS audits are simple requests for information that you can provide by mail. Providing the information requested on a timely basis typically satisfies the IRS.

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Developers Help Buyers Qualify and Home Sales Soar

Developers Help Buyers Qualify and Home Sales Soar

Posted on 13. Mar, 2013 by .

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The home-buying market is on fire, especially for newly built houses. New home sales surged almost 29% in January compared to January 2012. This is the highest annual sales rate in four years according to figures released by the Commerce Department on Tuesday, Feb. 26th. Existing home sales also rose in January 2013 by 9.1%. Ironically, even though new houses (new construction) cost buyers approximately 37% more for the same square footage as previously owned houses, it’s the new homes that are selling at the hottest pace.

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Processing Security Deposits Part II

Processing Security Deposits Part II

Posted on 06. Mar, 2013 by .

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You’ve done your homework. The condition of every unit or home you rent is carefully documented, with pictures to support your findings. The tenant lease clearly states what your tenant is responsible for, and they have read and agreed to the responsibilities listed. Your tenant signed off on the list, and any subsequent problems found during the walk-through were addressed and noted on both copies of the move-in sheet.

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Adequate Insurance for Landlords and Property Managers

Adequate Insurance for Landlords and Property Managers

Posted on 27. Feb, 2013 by .

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With all the media hype about the so-called looming fiscal cliff, it’s a good time of the year to remember how to avoid financial disasters and to do what we can to prevent losses. Property Managers with experience know how costly the process of eviction can be, as well as the expense of repairing damaged rental units that have been “trashed” by destructive former residents.

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Pinterest For Property Managers (Webinar Recap)

Pinterest For Property Managers (Webinar Recap)

Posted on 25. Feb, 2013 by .

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On February 14th we co-hosted a webinar with Grace Hill, featuring Charity Zierten (Socially Engaged Marketing), a leading expert on social media for property management. In this webinar video recording, Charity shares her perspective on how to successfully use Pinterest for your property management business.

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Processing Security Deposits Part I

Processing Security Deposits Part I

Posted on 20. Feb, 2013 by .

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Security Deposit processing continually challenges property managers across the country. In theory, this should be one of the easier things that property managers are required to do. The tenant provides management with a security deposit that will be held during the life of the tenancy.

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How to Reduce Carbon Footprint Tips for Property Managers

How to Reduce Carbon Footprint Tips for Property Managers

Posted on 14. Feb, 2013 by .

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While there are several long term investments you can make to reduce your carbon footprint such as installing low flow toilets in each apartment, or xeriscaping the lawn to reduce water consumption, there are several easy, inexpensive things you can do to conserve energy and leave the environment just a little bit cleaner and your carbon footprint a little bit lighter.

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America On The Move (Infographic)

America On The Move (Infographic)

Posted on 07. Feb, 2013 by .

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According to the Geographical Mobility 2012 report by the United States Census Bureau, Americans are finally relocating after record low numbers in 2011. So what finally got them to pack up and move out?

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Insurance: A Must-Have or No Go?

Insurance: A Must-Have or No Go?

Posted on 05. Feb, 2013 by .

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Some days it feels like companies are pushing for every kind of insurance, and it’s hard to imagine shelling out any more of your hard-earned dollars for something you’re not sure you need. But at the heart of it all, insurance is about one thing: Protection.

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As Goes Housing So Goes Property Management

As Goes Housing So Goes Property Management

Posted on 30. Jan, 2013 by .

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It seems like every month we’re reading or hearing about the resurgence in home sales and prices. I’m confident that in most regions of the country the bottom has been established for the housing market, yet it’s good to see more clues (data) that confirm that the housing bust is over for now.

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Raising Rents Without Raising Turnover (Webinar Recap)

Raising Rents Without Raising Turnover (Webinar Recap)

Posted on 25. Jan, 2013 by .

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We co-hosted a fantastic webinar with Grace Hill titled “Raising Rents Without Raising Turnover” featuring Doug Chasick, the Apartment Doctor. Along with being a great educator, Doug has years of property management experience in the multifamily industry and we were fortunate to have him as our featured presenter.

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A Property Managers Dream: An Expanding Number of Rental Houses

A Property Managers Dream: An Expanding Number of Rental Houses

Posted on 22. Jan, 2013 by .

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It’s official! Home prices are on track to have their first yearly gain since 2006. This would make it the strongest year of price growth since home prices began to plunge, reaching their nadir in 2009.

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Apartment Living In The Future (Infographic)

Apartment Living In The Future (Infographic)

Posted on 17. Jan, 2013 by .

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Renting has become an economic and lifestyle choice for more than half (57%) of those under the age of 34 and 46% of those under the age of 45. The United States population seems to favor apartment living, and according to the National Apartment Association (NAA), this trend will continue for many years to come.

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Leasing Best Practices for Property Managers

Leasing Best Practices for Property Managers

Posted on 15. Jan, 2013 by .

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Leasing up your apartment community can be challenging in the best of time. But for smaller property management companies or those managing smaller properties, it can become even more difficult to compete with larger companies with a more robust marketing budget.

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Meetings Between the Resident and the Owner: More Cons than Pros

Meetings Between the Resident and the Owner: More Cons than Pros

Posted on 11. Jan, 2013 by .

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This thoughtful topic came to my attention as I was reading the PropertyManager.com discussion page at LinkedIn. My first reaction was, “Wouldn’t it be nice if we lived in a world where these kinds of people-to-people discussions could be mutually beneficial and rewarding.”

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Three Forces Driving Real Estate Sales and Prices

Three Forces Driving Real Estate Sales and Prices

Posted on 08. Jan, 2013 by .

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An investor friend of mine called recently to ask if I could recommend some competent property managers in our area. Fortunately I knew of several so I gave him the names plus the pros and cons of each one (my way of being helpful and objective). In the course of our conversation he told me that mid-range houses were being snapped up by income-oriented investors the same day they were put on the market for sale.

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How Property Managers Can Use Yelp.com To Their Advantage (Webinar Recap)

How Property Managers Can Use Yelp.com To Their Advantage (Webinar Recap)

Posted on 28. Dec, 2012 by .

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We co-hosted a great webinar with Grace Hill, featuring Darnell Holloway, Manager of Local Business Outreach at Yelp.com. Darnell covered a lot of material in this webinar from outlining the Yelp basics to unlocking your free online business tools.

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Year End and Occupancy

Year End and Occupancy

Posted on 28. Dec, 2012 by .

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With the exception of the retail sector, business is typically slow during the holidays, and the property management business is no exception. Leasing rates between mid-November and December 31st can be extremely slow for even the most visible properties, with the units that are vacant at the end of October statistically more likely to still be vacant at the end of the year.

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Are You Up to Speed on Your Customer Relations Management?

Are You Up to Speed on Your Customer Relations Management?

Posted on 20. Dec, 2012 by .

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Everybody’s talking about it and there are some big, publicly-traded companies that specialize in Customer Relations Management (CRM). I had no idea how big of a topic this was until my associates at Casey Research brought me up to date.

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New Year’s Resolutions for Property Managers

New Year’s Resolutions for Property Managers

Posted on 17. Dec, 2012 by .

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The end of the year is always a time of reflection; what we’ve accomplished, what we would like to change, what we need to improve.

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‘Tis the Season to Show Your Clients and Your Employees Some Good Cheer

‘Tis the Season to Show Your Clients and Your Employees Some Good Cheer

Posted on 12. Dec, 2012 by .

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Hope this article reaches you on time, because this is the #1 time of the year to let your owner-clients and your staff know how much you appreciate them. Don’t be alarmed if you’ve put this off or forgot, because here’s two easy ways to keep from being The Grinch.

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The Rent Index and What it Suggests for Property Managers

The Rent Index and What it Suggests for Property Managers

Posted on 10. Dec, 2012 by .

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On almost a daily basis I hear anecdotal reports of syndicated investors as well as rogue opportunists seeking to find bargain houses that they can buy, fix up and rent out. At the same time the number of Americans who can’t qualify for a mortgage or don’t have enough money for a down payment is on the rise.

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100 Ways to Generate Revenue by Charging for Your Services

100 Ways to Generate Revenue by Charging for Your Services

Posted on 07. Dec, 2012 by .

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We hosted a fantastic webinar this year featuring Robert Locke on the topic of increasing your revenue in order to run a more successful and profitable property management business. In the webinar we learned that the single most important event that starts your revenue stream pumping out money is the “move-in.”

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