If you have been a landlord or property manager for any amount of time, you have experienced both good and bad tenants. We wish that all tenants would be great, but the fact is some are not. Warning Signs of Bad Tenants First, to help minimize the chances of getting a bad tenant, property owners…
Read MoreWhile all our previous BLOGs have been on topics that apply to every property manager or landlord, today’s BLOG is going to be about the latest release of PropertyZar and software business in general. The entire PropertyZar team has worked tirelessly on designing a new user interface, new features, bug fixes and overall better user experience. I…
Read MoreMoving to a new place is both exciting and tiresome. For some, it’s a big relief to finally find a new home and be part of a new community. How property managers and landlords reach out to new tenants during this transition will set the tone for future relationships. Here are some ideas to engage with your new tenants,…
Read MoreLet’s face it. Obtaining tenants can be expensive and time consuming. Consider the marketing expense, time to process applications, run background screening, verify information, the time it takes to ‘show’ your properties etc., the TAC (tenant acquisition cost) can be high. What’s worst is many property managers or landlords don’t even know what their TAC is. So, with…
Read MoreWe all know that one of the challenges facing property managers is communications with tenants and owners. According to a CNN poll, a person between 18-29 years if age averages 88 text messages a day. SMS messages have hit main stream. The best online property management software will include the ability to communicate via email or SMS.…
Read MoreProperty 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…
Read MoreSo how should you handle security deposits? Most states have rules regarding handling security deposits. Some states even prevent allowing the security deposit to be used as the last rent. it’s good practice to not mix security deposits and rent monies. A good Commercial property management software will have the ability to keep deposits separate from all…
Read MoreShould you care about possessing people skills as a property manager? After all, how important is it really? People skills are not industry specific. Whether you are a commercial property manager or residential property manager, people are people. Business tenants will be the same as residential tenants when it comes time to the ideas below. I’ll give you some…
Read MoreThere’s a saying that “Altitude is the pilot’s friend” Altitude provides the pilot more time in the event that something goes wrong. They have more time to troubleshoot and correct the problem. If they can’t correct the problem, they have time to call for assistance, stabilize their descent and worst case, locate a suitable crash…
Read MoreCheaper Isn’t Better When shopping for items we want, most of us tend to look for sales or discounts. Maybe it’s in internal thing, something that makes us feel good or smart. However, when it comes to hiring a property manager, the least expensive is not necessarily the best choice. Quality is important in most…
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