Managing properties has long been characterized by a long list of challenges that make it one of the most stressful jobs today. It is no wonder that players of the property management industry have for a long time been calling for the introduction of new and better ways of managing properties. Fortunately for them, there calls were heard, leading to the introduction of software for managing properties. Over the years, a good number of such applications have been introduced on the market with each type possessing attributes that separate it from its counterparts. However, such differences also mean that one type may be better than the other. It is therefore pertinent to choose software that is good enough to meet your needs. There are certain choices that are usually renowned for being capable of satisfying their users in every possible way. Such choices have certain features that make them capable of doing this. If you are looking for them, you can do well to take advantage of the
If you’re a landlord or property manager, you’ve probably had your fair share of bad tenants. It’s inevitable that as a property manager, you will have a bad experience with a tenant at some point. Late payments (or no payments at all), being a constant disruption to the neighbors, violating the rules in the rental contract, illegal activities—these are just some of the most common problems landlords face with bad renters every single day. Unfortunately, there’s no foolproof way to avoid a bad tenant. Even the most thorough screening process can still allow bad renters to slip through the cracks. However, there are a few things you can do to protect yourself and your investment in the event you end up with a problem tenant. Read on to learn how you can protect your property from renters.
Attract a quality tenant.
The best way to protect yourself from bad renters is to avoid them entirely, right? As we touched on above, there’s no sure-fire way to prevent yourself from renting your
Success in any business lies on meeting the needs and requirements and thereby deriving satisfaction and happiness of the clients. To manage any commercial properties, one needs to update the necessary management tools, software, apps, computer code etc. All these advanced owner management tools for property managers need to be run as and whenever require for smooth functioning and business growth.
Having the right Software code is significant to run your commercial properties in efficient way. This is the only way to keep abreast the property in the global market. These programming help your work much easier and faster. You can deal with your clients in much systematic manner and also facilitate them with their requirements. To access these software or management tools or the different apps, you may need to purchase them from the respective company.
With the advancement of technological aids, the old system is substituted with modern machinery and tools. Besides, these are upgraded
Summer Is Right Around the Corner
Time seems to be moving quicker these days and summer will be here before you know it. Now is the time to start preparing your rentals for what summer brings.
HVAC
During the summer months, HVAC systems kick into high gear. Servicing your HVAC will help ensure it runs at its highest efficiency. Summer time is not the time you want ‘preventable’ problems with your HVAC. Be sure to flush out your drain lines, remove any overgrown plants & weeds around the exterior units as well as replacing the filters every 1-3 months (depends on your filter types).
Smoke Detectors
Now is a good time to replace those batteries in smoke and carbon monoxide detectors. Replace the detectors if they are more than 10 years old.
Appliances
Pull out your appliances and vacuum out the dirt and dust behind them. Be sure to vacuum the refrigerator coils as well.
Ceiling Fans
Most ceiling fans have the option to reverse the direction of the fan motor. During the summer months, you want
Create Your Own Lease?
Whether you create your own lease, use a state-specific template or have your legal team draft a lease, there are some key items that should be included.
The lease agreement is what contractually connects a tenant to one of your rental properties. The lease outlines the expectations and rules of this relationship, no matter the length of time.
You may already have all these bullet points plus some in your current lease. Consider reviewing your leases and tweak as needed.
Tenant Demographics & The Basics
As property managers, it’s up to you to make sure this information is accurate. This includes your company information, tenant’s information such as contact phone #s and your property information and description.
Include and confirm the lease terms, start date, end date, rent increases etc. Specify the due dates on all charges and clearly define the late fee policies.
Other Occupants
Be sure to detail any other occupants that the tenant plans to have lived with them.
Managing commercial properties can prove to be challenging. This is especially the case whenever multiple properties are concerned. Imagine being in charge of over six large commercial buildings. Without a doubt, you may end up being overwhelmed by such a responsibility. In the end, you may make losses or even fail to successfully maintain the wellbeing of your property. Fortunately, there are certain steps that you can take to successfully maintain your property. This applies to all kinds of properties including warehouses, flats, farms, boarding houses, hotels, and villas. The method is clearly described below along with the best ways to get the right results out of it.
Using software to manage properties
Generally, managing properties of any size depend on a number of things. In some cases, they depend on the number of tenants that are occupying the property. It is well understood that managing a significant number of tenants is usually a great challenge. There are issues to do with
Location Doesn’t Matter
Whether you own rental properties in California, Georgia, Oklahoma or Florida, storms are a normal part of our weather cycle. Along with these storms comes the fact of flooding. Flooding is a problem in every state across our country. When these storms and floods come, it only takes a few inches of water to cause damage to your investments.
Education and Resources
As property managers, it’s your responsibility to advise your tenants about flood preparation. You can find helpful hints about flood risks and preparation for your rental property from Floodsmart.gov website
You can also send this link to your tenants for a guide to flood preparation. This guide is offered by FEMA. This guide includes statistics on flooding, warning signs for bad weather and preparing for emergencies.
Knowledge and preparation will help ensure that your tenants stay safe as well as helping to protect your rental properties. Whether you are a property management company or an individual
Web-Based Property Management Software Integration with Dotloop
PropertyZar, an affordable web-based property management software announcesour integration with industry leader, Dotloop®.
PropertyZar is a fast-growing property management software solution and with this latest integration, PropertyZar can provide property managers with transaction management.
This integration allows property managers and landlords to transfer data from PropertyZar into Dotloop®, which will then autofill leases and contracts.
This will save the landlord time by eliminating the need for duplicate data entry.
PropertyZar simplifies the managing of real estate properties. PropertyZar includes these key features:
· Online Payments
· E-Leases (now with Dotloop®)
· Work Order management
· Communication via Email or SMS
· Apps for Onsite Property Inspections, Owners, Tenants and Vendors
· Complete Accounting
· Property advertising/syndication
· Schedule Appointments
· Automatic Reminders for Tasks, Work Orders,
If you own rental properties, you understand the challenges that’s involved in the management of them. Managing local properties, is doable however if you are an out of state owner, managing rental properties becomes very difficult. That might be the time to hire a property management company.
A long-distance property manager is not a slam dunk either. There are some things to consider for a successful relationship. Here are a few:
How to Find the Right Property Management Company
A property management company can make or break you on your long distant investment property. A management company needs to be your business partner and be your boots on the ground. They will oversee your investment and that includes taking care of the property as well as keeping your tenants happy.
Property Inspections
Be sure to ask how often they do onsite property inspections. It’s amazing to learn that some property managers never inspect the property after the initial tenant moves in. You should require at
The 3rd largest group of renters now fall in the 60+ age group. This has increased by over 42% over the last 10 years.
The aging tenant trend will probably increase over time. 60+ renters are the fastest growing group of tenants.
What’s Driving This
One obvious answer is the decline in home ownership. Many seniors are deciding to rent instead of buying or remaining homeowners. Reasons such as the cost of home maintenance, choosing to downsize etc. So, with the rise of senior tenants, what should you do to prepare for the next 10 years.
Housing Challenges For Seniors
Seniors face challenges that are unique to them. Challenges include the physical property as well as affordability and availability to medical services.
How To Prepare Your Rental Unit For Older Renters
- Consider non-slip flooring in key areas inside and outside
- Fix any trip hazards such as uneven walkways, and tiles
- Add ramps where needed
- If stairs exist, make sure you install handrails on both sides
- Make sure all entryways have
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