Property Management Software and e-Payments If you are a property manager or a property owner, undoubtedly the ability to collect rent and pay invoices is of utmost importance. Gone are the days of paper invoices and postage stamps. Property management has begun moving into the technology age over the past 10 years, but more increasingly over the…
Law of Diminishing Returns Most everyone has heard of the law of diminishing returns. First year economic students usually cover this in class. For the sake of those people who did not take economics 101 or those who may have forgotten, let’s define the definition for the sake of this blog. Britannica.com defines it as follows: Diminishing…
Owner App Whether you are a professional property manager or a self-managing property owner, utilizing a mobile app for your portfolio is a must have feature. Owner apps are usually provided by the software vendor that provides the property management software. These apps serve a purpose other than providing a sales pitch for the software vendors. Having access…
Questions about collecting application fees As a property manager or landlord, one thing that you commonly do is collect application fees. Each state has different rules and laws on application fees, so you should know what your states requirements and limitations are. This blog is going to be a topic blog with more questions then…
Being a real estate landlord or professional property manager has it’s challenges. One of which is the leasing of a rental property. In this article, I will highlight the overall process then when it gets to the lease, I will go into some of the key elements you should have in any lease. First is…
Property Inspections Ok, so you have invested in some real estate property. You have decided this is the investing path you prefer over other investment options. How do you protect that investment? If you’re not conducting regular property inspections of your investments, you are putting your investments at risk. Property inspections are akin to looking…
If you are a real estate property owner, you may or may not hire a professional property manager. Of course, if you manage your own properties, you can save the management fees that a property manager would charge. Those fees typically range from 8-12%. Even if you manage your own, it is best practice to…
Professional Property Managers are big business and with that comes marketing. There are various ways to market a property management company. However, there is no more single important marketing avenue as the website. Real Estate Websites A website is your store front to the public and your potential customers. It describes who you are, what…
For those real estate investors who hire a professional property manager, do you know how well their customer service is? Just like any business, customer service is a critical component for success. Even though you farm out the property management of your real estate investments, you are still the owner and the tenants are still…
PropertyZar’s cloud-based property management software enables property managers and owners to scale their real estate business. With PropertyZar’s robust application, property managers can market vacancies, run background screening, accept online applications, and maintain all their accounting records by owner and/or property. PropertyZar’s web-based property management software also reduces the amount of work that is required of…