PropertyZar

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,

Do you manage real estate properties with HOAs? Is communication with your residents something that is common for you? As 2019 begins, HOA board members should consider offering feedback on how the HOS can improve the community and make it a great place to live.

Responsibility

Tenants should take responsibility for abiding by the CC&Rs and staying current on their HOA fees. Violations of the rules or failure to pay the HOA fees/dues is not a win for anyone. HOA boards have a lot of power over the property owners.

Sharing

Tenants should have the ability to express their ideas, suggestions and their concerns in order to help improve the community and build lasting relationships. Residents are important in sharing the thoughts of the community. They should be included in the regular board meetings.

Building Relationships

Tenants should make an effort in participating in any events, social or cultural activities in the community. This gives them the opportunity to meet their neighbors, build

All the talk about a 2019 downturn may end up being exaggerated, just a bit. There are some signs of a slight decline, primarily due to the uncertainty in the market. However, many of these are simply overblown.

The economy’s fundamentals are strong and there seems to be a good amount of momentum. This is good news for property management companies. As multifamily real estate continues to grow investor’s portfolios, property managers should have a positive 2019.

REITs

This 2019 also is gearing up to be a positive year for REITs as well. Rising interest rates don’t affect the REITs like other sectors.

Market Ups And Downs

Experts are always trying to predict the next downturn. Recessions are somewhat predictable. Imbalances are one cause of recessions. The imbalances between supply and demand. Too much multifamily construction projects that exceed demand will eventually require a correction in the market.

Too much debt also can be a factor in market shifts, primarily downturns. With real

The choices for multi-family investors continues to grow for 2019. Sure, there are concerns about higher interest rates, property values and high inventory but that doesn’t seem to affect the availability of capital sources. This is good news for property management companies. As the real estate market remains strong, more investors will rely on property managers and property management software to support their portfolios.

Debt Funds

There are several equity funds that are providing financing for developers by way of debt funds.

These ‘bridge loans’ can go as high as 85% of the property value with competitive interest rates.

Once the property has been completely leased, the developer can move to a more permanent type of loan.

Interest Rates

Even though there have been some recent rate hikes, rates are still considered low for traditional permanent loans.

In 2018 Q4, Fannie Mae and Freddie Mac have been in the area of 4.25% – 4.50%. These loans also cover up to 75% of the property. That is

Since I am in in the property management software business, most all my blogs are related to property managers or landlords. However, this blog will cover a new federal program for real estate investors call Opportunity Zones. While it may benefit property managers or property management companies, it’s definitely geared towards real estate investors. With that in mind, read on!

The Genesis

Sean Parker, the co-founder of Napster (not part of the gold heist with Mark Wahlberg) worked with law makers on a new program call Opportunity Zones. The states governors are responsible for identifying low income census zones in their respective states.

Today, there are approx. 8700 defined Opportunity Zones nationwide. The zones are geographical areas that have been designated as investment opportunities that will benefit the community as well as those investors who participate in the program.

The program was created by the federal government in an effort to drive private investments into the low

Is there any special way for property managers to handle multiple roommates per lease?

Common Issue

This is a common issue for landlords and property management companies. My first advice is to spell out the details of guests and roommates in the initial lease. Be upfront and make sure you specify all the details that you want up front. Ask the new tenants, do you plan to have frequent quests or visitors? Depending on their answer, you may want to include those individuals on the lease.

Avoid Mistakes

If it’s not in the lease, don’t make exceptions, unless you want to update the current lease. Make sure you are protected as much as possible. If the tenant falls on hard times and needs to bring on a roommate to help with expenses, make sure you are aware of it.

You will want to have that roommate complete an application and go through the same background screening as everyone else. Screen them as if they are a new tenant for you. A good Property management software usually offers the

When it comes times for your tenants to move out, landlords and property managers must decide if they can return the entire security deposit or not.

1 in 4 tenants say they did not receive the amount of return they were expecting. So, what is the deal?

Full Security Deposit Refund

Believe it or not, most property management companies want to return the full deposit to the tenant. Why? Because it would mean that the property was left in the same condition it started in. That’s good for the property management company as well as the property owner.

But the fact is some tenants do cause damage or leave the property in a state that requires some work to be done for the property to be “move in” ready.

Wear & Tear Vs Damage

States have established laws to help define what is wear and tear vs damage. In general, property management companies can deduct damages from the tenant’s security deposit. Here are some examples:

Wear And Tear

1. Minor nicks or nail holes in walls
2. Wood floors losing their finish

It’s time to face the fact that there is a good chance your tenants don’t love you. If that is true of your property management company, then maybe it’s time to find out why.

With all the potential issues that can go wrong, coupled with numerous tenants, it’s common to have rocky roads with tenants. However, a good property management company can implement processes and procedures to reduce the amount of complaints.

Good Relationship

A good and open relationship with your tenants is the start of good things to come. Good relationships lead to less vacancies and higher retention rates. Communication is critical for property management companies and the most common way of communicating is SMS, email and the phone.

Communicate about everything. Most property management software systems include these features as well as logging all past communications. So communicate about general violations, reminders for events, trash pickup, upcoming invoices, holiday schedules etc.

Work Orders

Another

Many industries throughout the marketplace have changed their practices in response to developments in technology, but real estate, including property management is still largely stuck in the past. On-demand app development is making access to services easier than. Artificial intelligence and the Internet of Things are connecting us in new ways every day. It’s clear that taking advantage of these developments is key to progressing.

As an industry with roughly $280 trillion in value, taking advantage of these new opportunities could produce billions or trillions in profits. A number of large real estate companies are attempting to build their own in-house technology, but in many cases, it would be more efficient for them as well as and property management companies to use existing solutions. These are some of the most exciting possibilities that new developments in technology can offer the real estate industry.

Outsourcing the Cloud

Cloud services is a rapidly growing industry with

Recent Study

A recent study shows that about 25% of property managers are optimistic about the future and 47% are somewhat passive and 28% are negative. For those negative 28%, the biggest issues are overworked, underpaid and stressed by the demands of the clients, which are ever increasing.

People Challenges

Many property managers are keeping their finger on the pulse of the future, but the challenges of people are draining most of their time and resources. As Gomer would say, Surprise! Surprise! Surprise! Because of this, approx. 40% of respondents say their next job will be in a totally different field.

The Best Property Management Companies

The best companies are ones that are run well and that offer structure and processes in place. Great management companies understand that their property managers are more than a task manager. They are more in line of a property advisor.

The Make-Up Of Property Management Companies

This may be no surprise to most of you, but approx. 82% in the industry