Page 93 of 117
Whether you’re already employed as a property manager or you’re considering a career change, you may be asking, “Is property management right for me?” In order to answer this question, you’ve got to be informed — and in the case of property management, that means understanding what the job entails. Read on to learn about the skills, knowledge and duties involved in property administration — and what they entail in a position as a property manager.
Wise investors realize when it’s time to renovate or remodel their rental properties, but deciding what projects to do and how far to take the transformation requires thoughtful consideration. Beyond the immediate or long-term potential return on investment (ROI), other solid reasons to renovate rental units include:
According to a recent study, America’s Rental Housing, conducted by the Joint Center for Housing Studies of Harvard University, 35 percent of all households are renters and 21 million of those renters pay more than the recommended 30 percent of their income on rent. The conclusion many have taken based on these numbers? That a significant amount of people are renting and paying far more than they should be. While many of the points within the study were valid, we wanted to give our take on the data and dig deeper into what our customers are experiencing in the rental market firsthand in various metros.
Today, we hosted a great webinar with co-hosts Grace Hill, called “Modernize Your Marketing for 2014,” featuring Amy Kosnikowki, one of the industry’s finest educators. Amy is a fantastic presenter and she had a ton of great tips and ideas for helping owners and executives gain a competitive advantage in 2014.
Did you know nearly 80 Million Gen Y renters are estimated to hit the market in the near future? Property Managers need to start making the necessary changes now to attract these renters for the future. Investing in the right upgrades and amenities now, can translate into more Gen Y-ers signing leases for your properties later.
As winter approaches, you may need to turn your attention to seasonal property maintenance. Even your occupied rental properties may need additional care throughout the winter season, and not all of your property owners may be aware of the proper procedures for winterization. You may wish to debrief any applicable renters and property owners about the maintenance that is required and the costs associated.
