PropertyZar

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

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,

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

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

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

You know the saying, a picture is worth a 1000 words. There is no denying the fact that great looking photos will help your marketing efforts. Renters are more inclined to choose a property that has a lot of photos with high quality.

What most renters do, is shop for rental properties and then imagine what their life would be like living there. Photos help the renter ‘imagine’. It’s a good idea to take multiple professional quality photos of each room from different angles. This helps paint a broader image for the renter to see and imagine living there and seeing the rooms from all angles.

Professional Quality

Notice I said ‘professional quality’ photos. Are these only produced from professional photographers? Not necessarily. With the higher quality cameras on the market and with a little practice, you can take decent quality photos yourself. If you are ‘camera’ challenged, then I recommend hiring a professional.

Your property class also should factor into your decision about a

Property managers have a lot to deal with. It’s not an easy job. Old challenges remain while new challenges arise due to new regulations and social media.

Here are some challenges that we have identified

Managing Time

With all the responsibilities that property management companies and landlords face, time management skill is a must. Along with this skill, a good online property management software is essential. Why? Because a property management app does so much to take the mundane tasks and automate them, reducing the managers work load and thus providing more time. In addition, a web-based property management software allows property managers to work from anywhere 24/7. This ability alone greatly increases productivity.

Criminal Tenants

Meth labs, drug dealing, and other criminal activity present a big problem for property managers and property owners. From police presence, quarantine for meth labs and heavy foot traffic, there is nothing in these scenarios that is good for your