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Leveraging KPIS to build a powerhouse team
Property Meld teamed up with the National Association of Residential Property Managers NARPM to discuss how you can leverage KPIs for your maintenance team to improve efficiency and build a powerhouse staff We were joined by Deb Newell a seasoned property management consultant and Justin Mann Co founder and managing partner of Stonelink Property Management How hellip
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It is harder to hang on to investors than ever before This is largely due to the changing economy There has been a major power shift largely due to the...
In this article we have identified 10 common property maintenance issues property management companies see and more importantly how to overcome these challenges in your own organization Property maintenance is...
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Every year integration partner Buildium surveys property management professionals to identify trends in the property management industry with their annual Property Management Industry Report In 2023 nearly 2 000 participants...
In this month s Beyond Maintenance webinar Property Meld discussed the importance of setting expectations in your maintenance process Building and setting expectations with your residents vendors maintenance technicians and...
A property management budget is an analysis of the income and expenses used to track a property s financial situation and anticipate future expenses Typically property managers begin the process...
Step by Step Guide to Property Management Budgeting Effective budgeting is a crucial aspect of successful property management It allows property managers to allocate resources efficiently plan for future expenses...
nbsp When creating a property management budget it is advisable to concentrate on your existing operating expenses It is the most effective way to identify areas where you may...
What are Property Management expenses Property management expenses are the costs associated with the operation and maintenance of a real estate property These expenses are incurred by property owners landlords...
It 8217 s crucial for property owners and managers to calculate a maintenance budget to ensure that they allocate sufficient funds for the upkeep of their properties A strong property...
The end of the fiscal year is approaching which means most property management companies are starting to plan the budget for the coming year As a property manager it can...
Whether you are a property manager overseeing a portfolio of residential properties or a homeowner budgeting for property maintenance can be daunting Houses have a finite lifespan and regardless of...
What is property maintenance Property maintenance in rental properties refers to the ongoing tasks and responsibilities associated with keeping a rental property in pristine condition This is crucial for both...
At Property Meld we speak to hundreds of property managers each day Through learning about many different maintenance processes we ve noticed that many maintenance departments don t have the...
Monitoring your maintenance performance is crucial for enhancing your maintenance process Without oversight and performance standards it is difficult to pinpoint problem areas causing property management companies to allocate resources...
What are Key Performance Indicators According to Forbes A KPI or a key performance indicator is a measurable and quantifiable metric to track progress towards a specific goal KPIs help...
What Are Property Maintenance Benchmarks Property maintenance benchmarks measure the efficiency of property maintenance processes These benchmarks serve as vital reference points aiding property managers owners or maintenance coordinators in...
Property management companies find maintenance to be the budget item with the lowest level of optimization but the highest degree of controllability This means if done right maintenance can substantially...
Property maintenance benchmarks refer to the standards or criteria used to assess and measure the performance and efficiency of property maintenance operations These benchmarks serve as reference points or goals...
Anyone with a home knows they are a lot of work but they also bring a lot of pleasure A well maintained home is a happy home If you look...
At Property Meld we engage in daily conversations with hundreds of property management companies allowing us to identify prevalent industry trends Foremost among these trends is the recognition that many...
