Joe Steinhafel’s Post

View profile for Joe Steinhafel, graphic

Field Account Executive | Assignar

If you're a property management firm aiming to grow, bringing on new assets successfully is so important. But it's not just about landing the deal - you gotta execute the onboarding flawlessly too. I've seen some messy transitions that left new owners and tenants confused and frustrated. Let's avoid that here's how: Vet Deals Thoroughly - Conduct meticulous due diligence on the property's finances, operations, tenants, and market. Identify any red flags or big Capex needs. Negotiate Win-Wins - Structure terms favorable to the owner/seller but also realistic for your management. Avoid overpromising performance. Plan the Transition - Develop detailed 30/60/90 day gameplans for taking over the property. Identify personnel, process, and tech needs proactively. Communicate Clearly - Overcommunicate with current and incoming tenants on timelines and changes. Be transparent to minimize confusion. Onboard Efficiently - Have software, access credentials, vendors, and everything needed lined up for a smooth transition of management. The acquisition is only step one - flawless execution and onboarding is vital to deliver ROI. What lessons have you learned from onboarding new properties onto your management platform? Please share your insights! #propertymanagement #realestate #onboarding #portfoliogrowth #acquisitions #assetmanagement #multifamily #propertytransition #newproperty #portfoliostrategy #propertytakeover #duediligence #propertyonboarding #tenantrelations #propertymanager #realestateinvesting

To view or add a comment, sign in

Explore topics