Rentable’s Post

Why does Harbourfront focus on profitability? Your success and your client’s success are very important, but it is also important that you are with a profitable firm that has the resources to run a business that is spending money on staying up to date with its systems, technology, client portal, compliance, etc. Harbourfront Wealth Management Contact me to learn more!

The biggest disconnect between real estate investors and property management is property management has very little skin in the game. Property management is trying to do the least to make the most. While investors are trying to pay the least to make the most. And to have a successful property management business, you need a long list of clients. With a long client list, naturally some properties receive preferential treatment over others. This causes delays in work, leading to friction and conflict. As an investor, it's better to align incentives with your PM to have a more productive relationship. Incentives can be around: - Signing new leases - New lease rate records - Renewed leases - Less maintenance calls - Tenant reviews and ratings “Show me the incentives and I’ll show you the outcome.”

The Weak Property Management Company’s Sleight of Hand: Focusing on Cost to Distract From Poor Performance For underperforming property managers, harping on costs serves as a convenient smokescreen to obscure their operational shortcomings. By continually steering the conversation towards pennies on the dollar pricing for management fees and leasing fees, they can avoid scrutiny on the factors that actually matter:

The increasing volume of packages during peak leasing season creates additional liability and strains even the most advanced onsite package management systems. Learn more about package management solutions here: reptn.io/AZvABAAj48p

NEW BLOG | Explaining different block management arrangements Which block management arrangement is right for you? Find out more here: https://lnkd.in/ePAsNYhx Connect UK Nationwide | Block and Estate Management Specialists - #PropertyManagement #blockmanagement #EstateManagement #Leasehold #Freehold

Do you feel like you’re missing out on potential profits? If you’re in the real estate business, you might be! Here's a valuable tip: Your management agreements could be key to maximising your rent roll value. How solid are your agreements? A well-structured management agreement can significantly boost your rent roll’s worth. It’s not just about having agreements in place—it’s about having the right agreements in place. These should cover everything from fee structures to responsibilities, ensuring no dollar slips through the cracks. Review and update your management agreements regularly. Make sure they’re comprehensive and up-to-date with current market standards. It’s like giving your rent roll a little makeover—fresh, attractive, and highly valuable. Don’t let outdated agreements cost you! Take a few minutes to tighten them up and watch the value of your rent roll soar. Want to know more? Let’s chat about boosting your rent roll value.

One of the biggest mistakes apartment operators make is overcomplicating things. According to Gary Lipsky, #1 best-selling author of "Best in Class," the best operators keep things simple and focus on three areas: - Attention to detail - Persistency - Consistency When it comes to asset management, knowing your KPIs and tracking performance is critical. Again, you don't need a complex system, but you do need a method to track and review these figures. Being persistent on follow up items and consistent in your approach mitigates some of the risk of things slipping through the cracks. It also makes it easier to identify process issues vs. people issues so you can correct as needed.

https://lnkd.in/gEEzYwaP Those property managers will benefit from the KPI measure if you manage to think from the committee's perspective. The new series before 2023 ends. #condomasterchannel #propertymanagementobserver #condomastersystem #condomaster #jmb #mc #condomanagementperformance #condofinance #condofinancekpi

We'd love to talk to you, discuss any challenges you may be experiencing and answer any questions you may have ... Read more 👉 https://lnkd.in/eVYDdUXk #EfficientManagement #BlockManagement #BlockManagementManchester #HighServiceCharges #residentialpropertymanagement #PoorCustomerService #CasserlyPropertyManagement

Will your current management agreements hinder or help my rent roll sale? With more agents going out on their own this year, they will be hungry for steady income. Now is the time to be getting your rent roll sale ready. So you need to consider your Management Agreements. Yes, paperwork can be boring, but we have it for a reason! Your management agreements with your landlords are your biggest asset and are the foundation for the valuation of your rent roll. Have you thought about whether or not you can assign that landlord to a new buyer? Can you transfer them across? Most agents think that once an agreement is signed, it’s a valuable asset that can be transferred on a sale. This is true in some cases, but only if your management agreements have the right clauses. We break it all down in our article on our website here: https://lnkd.in/g6SMBKEC