Tagproperty manager

5 Reasons Why Realty Management Will Never Go Away

A great realty management company is one of an investor’s most important assets. Even though the real estate itself is great, it’s a great management company that makes the investment worth it. The reasons why are the exact same reasons why this industry will never go away. Even though things like rental property management software does make a property manager’s job easier, you...

Good Property Management – Here’s What it Looks Like

As someone who moved 10+ times within just a few years, I know what good property management looks like. That said, I also got a taste for bad property management. Here’s what the good guys do. Good Property Management Builds Relationships When I would walk into my apartment complex, I’d like for the property manager to know a bit about me. What I do, my wife’s name, maybe my...

How is Investment Property Management Different?

Is investment property management different than managing other types of properties? After all, there can’t be too many differences, right? In one regard, yes. Working as a property manager for an investor will have many similar tasks and roles as that of another, for example an apartment property management team. But while they are very similar, they also have a few major differences...

DIY Property Management – Are the Cost Savings Really Worth It?

Most landlords choose the DIY property management route. They would rather have that extra 10-12% coming into their wallets instead of a property management company, even if it means dealing with every problem themselves. This approach definitely has some advantages, but there are some steep costs to pay as well. This is especially true as your portfolio grows, as more properties (typically)...

Essential Client Management Skills in Property Management

As a property manager, your clients are your first priority (albeit not your only one!). Keeping your clients happy and maintaining a great relationship will reap benefits for your property management business. Happy clients keep business coming, not to mention they build your reputation and can lead to excellent referrals and references. What are the essential client management skills you need...

5 Property Management Duties You Need to Know

Some people are under the impression that property management duties consist of maintenance and little else. The truth is that property managers are responsible for so many things! This is why trainings and experience are important for you when you’re looking to get into property management or grow your property management business. Check out these five property management duties you’ll need to...

What Your Clients Are Looking for in a Property Management Contract

As a property manager, the contract you present to your clients is crucial. While your company may boast about certain certifications, standards, and reviews on its website or in person, the property management contract is the piece of information that will tell your clients the most about you. They’ll likely be comparing your contract against other property managers’ contracts to see which one...

The Top 5 Places for Your Property Management Training

With the job market being so competitive today, proving your skills with certifications or licenses is more important than ever. Investing in these titles is worth your money. Whether you’re new to property management or have been in this business for several years, it’s never too late to get certified. Several places offer property management training that will educate you and get you certified...

Property Investment: A Guide for Foreign Investors

America, the land of dreams! What better place to invest in residential property? Living in a different country shouldn’t be a deterrent. You too can own a slice of the United States! Property investment for foreigners isn’t as difficult as you may think. Keep in mind some of the following information as you pursue American property for your next investment. REIT – A Property Investment’s Friend...

Managing Property: 5 Myths to Bust

You’ve got a little extra money in your pocket. You’re hoping to make it grow into a lot of extra money in your pocket. Investing in real estate and managing property sound like solid ways to increase your cash. Before you run out and buy the first house you see, don’t fall for these myths about managing property. Incoming Rent Will Cover All Expenses Do not count on your tenants covering your...

Communication 102: Mediating Disagreements Between Neighbors

Last time I lived in an apartment complex, my landlord asked me to do something weird. He called out of the blue and said “Hey I know this is kind of a weird request but I’ve had some noise complaints about your unit and I think this is the best way to handle it.” My confusion was immediate and I started to sweat from the anxiety of worrying how I could possibly be making enough noise to bother...

Convince Residents that Renter’s Insurance is a Must

We’ve already covered some reasons why renter’s insurance is a good idea for residents and property managers alike. But how do you convince your tenants to pay for and retain a policy that many people assume is expensive and unnecessary? Be a myth buster Many renters have more than a few misconceptions that keep them from purchasing a renter’s insurance policy. Knowing which myths are most...

How to be a Great Property Manager

There is a common thread running through people who achieve greatness. Alexander the Great and Robert E. Lee were the smartest military strategists ever, Muhammad Ali and Rocky Marciano were two of the greatest boxers in history and Wolfgang Amadeus Mozart and Ludwig van Beethoven were the most exceptional composers of all time. Their commonalities were undoubtedly passion for their work, loyalty...

Innovation Accelerates: Tech…nergy?

I was just speaking with a property manager, and somehow we ended up having a lengthy discussion about the seemingly accelerated effect that technology has on business and life in general.  Before dismissing this as “duh," (for lack of a better term)…[re]consider a few specific words I included in this otherwise over-generalized statement: “…accelerated effect that technology has on business..."...

Realtor Turned Property Manager? Software Could = Profitability.

In the wake of the 2008 Financial/Housing Crisis, the real estate industry was dealt a series of direct blows (as could be expected), and indirect effects continue to exacerbate the pummeling; at ground zero the dust has not settled, but what can be deciphered is a re-assignment of equity and the subsequent paradigm shift within the real estate industry.  Over a million new or “converted”...

Landlord: Remember Who You Work For!

It seems tenant farming’s primordial residue has stained modern day renting with a peculiar interpersonal and professional environment, considering landlords stand mightily above ye obsequious tenants. Even more interesting, few seem to recognize the relationship is, well, backwards. Wonder what I’m talkin’ ’bout? Typically, tenants commission other individuals or...

Property Management Software: What’s the Problem?

Online Property Management Software isn’t new, but it could be revolutionary; however, the revolution seemingly has a limited ability to revolve. Here’s what I mean: something has truncated online property management software’s ability to assimilate all parties to a rental agreement in the cloud, but who’s been left out? The answer is…Tenants! Sure, most software provide a cutting edge way to...

Communication Part One: The Key to A Thriving Landlord-Tenant Relationship

Traveling through the world of rent, we at RentPost have acquired a deep understanding of the renters market from many different perspectives, including investment, interpersonal, professional, and even historical thanks to The Witt. Through our plight, we have uncovered a commonality, affecting all perspectives – communication. It marks the fine line that divides rent’s interpersonal...

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