SCAMPER Mnemonic<\/strong><\/h3>\nHere is the mnemonic device and what it stands for:<\/p>\n
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SCAMPER is based on the notion that everything new is some addition or modification of something that already exists. You take a subject and change it into something else. (E.g., drilled petroleum becomes chemical feedstock becomes synthetic rubber becomes automobile tires. Natural gas becomes polyethylene becomes milk jugs. Mined ore becomes metal becomes wire becomes parts of a motor.) You can take anything that exists and change it into a new idea.<\/p>\n
Using SCAMPER<\/strong> in Property Management<\/h3>\nNow, how can this be a property management<\/a> mnemonic you may ask? What parts of your day to day activities in managing your properties could you change (applied to the types of changes below) to make your business more efficient and profitable?<\/p>\nS = Substitute\u00a0<\/strong><\/h4>\n\n- Rent checks substituted by online payments.<\/li>\n
- Mail notices\/general correspondence substituted by email contact.<\/li>\n
- Self-service portals for tenants and owners.\u00a0 Let them get their own info when they need it and answer their own questions.<\/li>\n<\/ul>\n
C = Combine<\/strong><\/h4>\n\n- Combine tenant info, contact info, correspondences, work orders, etc. into a CRM platform that organizes and makes life easier for you and your employees (thus promoting greater efficiency and increased profitability).<\/li>\n
- Have all your information in one place where it can be shared and used between the various aspects of your business to allow for many new opportunities.<\/li>\n<\/ul>\n
A = Adapt<\/strong><\/h4>\n\n- Technology and new processes come to mind.\u00a0 Staying on the leading edge with technology will help your company to remain the most efficient.<\/li>\n
- Use property management software<\/strong><\/a> to streamline your processes and simplify rent.<\/li>\n<\/ul>\n
M = Magnify or Modify<\/strong><\/h4>\n\n- \u201cMagnify,\u201d in this context, is a great concept. \u00a0All of these ideas for increasing efficiency and profitability can produce the capability to magnify the scope and volume of your business.<\/li>\n
- It would be up to the individual property manager as to how they would modify their activities and relationships in order to grow their businesses in the best ways they see fit.<\/li>\n<\/ul>\n
P = Put to other uses<\/strong><\/h4>\n\n- The first thought on this \u201cletter\u201d would be how you can put your employees to new\/different uses to grow your business rather than using increased efficiency to cut back on the number of employees, and thus costs.<\/li>\n
- Find new uses for the employees you already have. \u00a0Maybe an internet savvy manager in your company could devote time to manage new internet marketing campaigns, new market research, prospective investments, etc.<\/li>\n<\/ul>\n
E = Eliminate<\/strong><\/h4>\n
<\/p>\nNow, how can this be a property management<\/a> mnemonic you may ask? What parts of your day to day activities in managing your properties could you change (applied to the types of changes below) to make your business more efficient and profitable?<\/p>\nS = Substitute\u00a0<\/strong><\/h4>\n
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C = Combine<\/strong><\/h4>\n
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A = Adapt<\/strong><\/h4>\n
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M = Magnify or Modify<\/strong><\/h4>\n
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P = Put to other uses<\/strong><\/h4>\n
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E = Eliminate<\/strong><\/h4>\n