Key takeaways Your rental property’s operating expenses can be put to a lot of use. But it’s up to you to calculate maintenance needs on your rental property before deciding when and how your rental property maintenance budget is applied. One year’s budget is not... Read More
Successfully training new property managers is a foundational part of resident retention. Your residents expect the building to run smoothly, regardless of your new property manager’s start date. Coaching new property managers is key to developing a... Read More
Key takeaways: RUBS utility billing allocates utility costs among residents based on unit size, occupants, and amenities, eliminating the need for submeters. Cost-effective solution that fairly distributes expenses without expensive submeter installation. Key factors... Read More
Key takeaways Employee turnover is particularly high in the multifamily industry because property managers, leasing agents, and maintenance professionals often feel burnt out, underpaid, and undervalued. Making efforts to reduce employee turnover will benefit your... Read More
Key takeaways Save money and time in the long run by planning ahead for preventive maintenance. Properties of all sizes need maintenance. Budgeting for upgrades is one of the best maintenance strategies. The day-to-day of managing a building is both... Read More
You know how complicated it can be to juggle tenants, security, leasing, and more as a property manager. Whether you’re new to the industry or a seasoned professional, it’s always a good idea to refresh your knowledge of the definition of property management to... Read More
