If you’re considering starting your own property management company, you may be tempted to look into property management franchises. They are certainly an easy way to get your foot in the door. When you buy into a property...
In 2016, Beau Miles and his wife decided to become real estate agents to provide some extra income for their growing family. They eventually bought another house they found on the market and rented their old one as...
Property management software: It’s the solution to so many of your problems, from working more efficiently to growing your business. But if you’ve ever tried searching for “property management software” online, you’ll find 29 million results staring you...
No one can deny that 2020 has been a year of change, and as entrepreneurs, agility is what we thrive on. With every new obstacle has come new opportunities—and this year has been filled to the brim with...
Since the beginning of lockdown, property managers have had to come up with innovative ways to keep their residents safe while still providing the best service possible. One big change has been the way they run virtual HOA...
Knowing where you stand and forecasting the future: These are both simple ideas in business, but trickier than ever these days for property management companies. In order to do both, sound accounting practices and a simple forecasting framework...
How many times have you heard that this is now your “new normal?” How many times have you pondered what COVID-19 will mean for the long term of your business? It’s no secret that your world—our industry—has changed...
Good negotiation skills matter in every discussion with every party you deal with in your business. But being a good negotiator doesn’t mean you’re skilled in the art of deception or adept at squeezing the best possible deal...
In a people-centered business like property property management, the last thing you want is to be stuck crunching numbers and untangling accounts. There are some well-established property management accounting best practices that can save you time, but often that’s...
Property management companies have had to adapt to a breakneck speed of change over the last few years. Though inflation has fallen since its peak in 2022, costs remain elevated. Though the labor shortage has softened somewhat, unemployment...
