Replacing a reactive maintenance strategy with a preventive maintenance program can help building owners and operators drastically reduce their operating expenses. For example, arranging an annual walk-through of each unit or a regular check on your boilers is far...
When a guest makes a booking with your property management company, there are many considerations they make. How many rooms do we need? Do we want a pool? Oceanfront or second row from the beach? There are also considerations a guest must make as it relates to...
There are about a million posts that cover “the right way” to do property inspections – and they’re all usually the same boilerplate tips. But what about the most common inspection mistakes teams are making? Building your team an efficient property inspection strategy...
As an industry, we have a difficult time analyzing performance data without inserting our own bias into the equation. But the data will speak for itself, if we let it. Perception isn’t necessarily reality. But in multifamily, perception routinely drives...
In the vacation rental industry, shoulder season is a natural part of the ebb and flow of market demand. And that can be a good thing! A slower season gives you and your team a chance to reset your goals and make necessary updates to your workflow, your properties,...
Over the past decade, home automation has gone from science fiction to reality. Now, everything from thermostats to security systems can be controlled from your smartphone. For homeowners shopping for themselves, the investment in smart devices can be an easy...
The use of technology in the property management industry is not new. Technology solutions have been available since at least the 1990s – before email and internet were widely available. But even 5 years ago, there wasn’t nearly the amount nor the need for these...
The demand for vacation rentals is at an all-time high. You may have even experienced the rewards of this spike, seeing higher revenue and occupancy rates than in previous years. This surge in demand allows vacation rental managers to review their portfolios and...
Midterm elections have come and gone and while some measures and races have yet to be called, it seems like there is a good sense of the likely impact on rental housing in the coming years. Rent control was the main topic around rental housing in these elections...
Creating a consistent and in-depth screening process is one of the best ways to make an informed decision when choosing your next tenant. Minimize the risk of late payments, non-payments, property damage, and evictions by enforcing a thorough screening process for all...