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For tenants, property managers who promise one thing and deliver nothing is unacceptable. As rental prices increase, so too do tenants' expectations on what exceptional customer service looks like. If you want to avoid these start using some of the tips above, and keep your tenants happy.
Ideas and trends that are shaping your business are likely to be disrupted by new and advancing trends in technology and old strategies may not work as well anymore. If you want to stop your business from becoming another statistic, try using these hacks for future-proofing your business.
While you will be busy as a middleman between the landlord and the tenant, you will hire trade professional to solve issues at the ground level. Here are some of the things that you need to consider while hiring your property maintenance team.
The business of property management does not need to be bogged down by the bureaucratic paperwork. Property managers need to consider these factors while choosing a property management software.
There’s 250,000 service providers with a registered trade business, but the rate of service providers adopting smart technology to run their business continues to lag.
As a property manager, you should be conducting regular inspections of your properties. You place trust in tenants to maintain a property and follow lease rules, however you need to run routine inspections to ensure there’s nothing wrong with any property you find yourself managing
When selling its important to know how much is my house worth. Find out how to value your property and get accurate information from experts and tools available.
Repairs and maintenance to rental propertys are one of the most common issues that cause legal disputes between landlords and tenants. As the mediator, property managers need to know and educate both tenants and landlords on whose responsibility it is to fix repairs and maintenance issues.
Routine inspections are a big part of a property manager’s day to day job. Along with the millions of other tasks they’re expected to complete, it can be tempting sometimes to rush inspections and assume everything is fine. No doubt this can often lead to some serious problems down the line, especially if tenants are hiding/performing questionable or illegal substances or behaviour. You can never be too careful when it comes to routine inspections. At Inspection Manager we compiled a list below of red flags or warning signs as a property manager to look out for when completing a routine inspection.
Staying connected with your tenants and building a trusting relationship is key to having better tenants, maintaining well-kept rental properties and being updated with any issues/problems on a rental property right away. Kelly, a Property Manager from LJ Hooker says “The best way to maintain well-kept rental properties with minimal issues is to form more trusting and better relationships with your tenants. Staying connected with check-in messages or calls to tenants is one step closer to a more transparent relationship.”
Routine inspections allow you to identify and address any maintenance or repair issues. This gives landlords peace of mind, knowing their valued rental properties are being maintained and carefully managed. The details recorded at routine inspections are also used as evidence in disputes between landlords and tenants. Therefore, in order to serve their purpose, routine inspections should to be done thoroughly and competently. At the same time, routine inspections don’t have to be a difficult process.
Property managers, do you feel like your work is always following you wherever you go? Even when you’re not physically taking your work home with you, it’s always on your mind 24/7. Work-life balance is a common struggle for property managers and a lack of boundaries often leads to burnout.
Copying, filing, searching, retrieving, refiling, sending, mailing and faxing… on average a property manager spends 20% of their time on paperwork. If you’re tired of doing things the hard way, you’re not alone. Many property management agencies have converted to/created a paperless office and have never looked back since. While the change may seem intimidating at first, here are some compelling reasons why your agency should create a paperless office today.
Being a Property Manager is hard work – you’re always juggling a dozen different tasks on a hectic schedule. Sometimes it’s so easy to get caught up in day-to-day commitments that you forget to focus on the bigger picture -where your career or business is heading. Attending a conference is the perfect way to receive some much-needed inspiration and motivation. There’s no better way to stay informed and network with experts in the property management industry.
What helps improve your property management skills? According to industry experts, it’s about avoiding a few common pitfalls. If these are overlooked, they may escalate into major problems, and can cause serious damage to your performance and wellbeing.
Would you like to revamp your house by changing your furniture? Whether you need a new door, a custom entertainment unit or a window installation, a carpenter can handle all that. Apart from that, carpenters can work on other materials such as PVC, steel, and plastics. What is a carpenter subcontractor hourly rate? From this article, you will get an overview of the work of a carpenter and what it costs to hire one.
You probably know that property managers and property management companies exist, but do you know exactly what they do? The property managers are third parties who are hired to handle a wide range of daily operations related to real estate investments.
If you don’t have time to keep your home clean and tidy, then hiring a cleaner is your next best option. Getting in a cleaner for a weekly house clean, or a spruce up before guests stay, is becoming more common these days as we juggle work, children, pets and social events. Here is an outline of the services and costs involved to give you an idea of how much you’ll be looking at paying.
When you are faced with a serious issue, you will know immediately that you need to hire a plumber, but what happens if you are not sure? There are less obvious problems that might require a professional’s attention and it is important to know how to spot them. If you avoid fixing an underlying plumbing issue, over time, the costs of the repairs could increase. Additionally, a leaky pipe that is not fixed on time can severely affect the structure of your house.
Solar panels are leading the way as an alternative energy source for residential homes in Australia. Since we enjoy some of the highest levels of solar radiation in the world, it makes good financial sense to take advantage of this and install solar panels on your roof. As well as being an effective source of energy, going solar has positive benefits for the environment. With solar power you don’t have to worry about greenhouse gasses, it’s totally environmentally friendly. Solar power means you can also enjoy energy-independence from grid electricity, always handy when there are power failures, and consistently cheap rates because, unlike energy companies, the price of the sun won’t go up. Do solar panels actually generate enough power to make a difference? The answer is ‘yes’, in general, solar panels can convert approximately 15-40% of the sun’s energy into electricity, depending on what type you get.
One of the most popular and common DIY jobs, painting the interior of your home can be an easy and pleasant activity. If you are looking for a cheap and effective way to increase the value of your house, then sprucing it up with a brand new coat of paint is a great idea. However, this task can be time-consuming, so unless you are willing to put in some time and effort, you should consider hiring a professional painter.
Is your roof too shabby, damaged beyond repair or outdated? If it is affected by any of the above cases, the only choice you might have is to replace it with roof tiling. But how much can it cost you to repair it? Would you like to renovate, clean or substitute it?
Growing vegetables doesn't have to be a seasonal job and planting can be done outside of Spring. In many parts of Australia, you can grow vegetables and have a beautiful cottage garden in Winter as well. The only factor you need to address is which types of vegetables are going to thrive in your local climate.
So you own one or several Airbnb rental properties and maybe time isn’t on your side to manage them by yourself. What's the best solution? Lucky for you, hiring a person who provides professional Airbnb property management services has become quite popular. Your properties will get all the attention they need, and you get to worry less and invest your time in something else.
Being a property agent isn’t an easy job. There are a multitude of tasks that you are responsible for. It is only natural for you to overlook a few things. Unfortunately, more often than not, it is trust accounting. Here are 5 common trust accounting mistakes that property agents often make.
As a professional property manager, one of your main roles includes proper tenant screening. To maintain the proper standards and laws, here is how you can go about the screening process.
In 2018, there has been a lot of debate around technology disrupting the Australian real estate industry. Here are the top-most real estate tech trends that are taking 2018 by storm.
Considering all the time and money you pour into your property, choosing a rental property manager is crucial. Have you asked candidates these questions?
Choosing good tenants is not an exact science, and oftentimes, tenancy applications are refused for a variety of reasons like bad credit or bad references.
Before choosing between managing your own property or hiring a professional property manager, landlords should decide whether saving money is worth the effort.
Nowadays, if property managers want to be ahead of the game in real estate management business, they must focus on offering instance services on mobile devices.
Each property management agency may charge different property management fees. A complete guide on everything you need to know about property management fees.
