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Change is a constant in any industry, but for property management companies, adapting to change can feel particularly daunting. The fast-paced, high-stakes world of property management requires agility in the face of new technologies, updated regulations, and evolving market demands. Yet, despite the clear need for progress, implementing change—especially tech-driven change—can stir resistance among teams […]
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In today’s rapidly evolving world, technology plays a critical role in property management. From communication tools to maintenance tracking systems, tech solutions offer a range of benefits for property managers...
In an increasingly competitive industry, property management companies are turning to technology as a key driver of growth and efficiency. Investing in property management technology doesn’t just keep your business...
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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 were...
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 property...
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 of...
Step by Step Guide to Property Management Budgeting Building an effective property management budget is crucial for success. It allows property managers to allocate resources efficiently, plan for future expenses,...
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 be overspending or...
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’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 maintenance process...
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 ability or...
Monitoring your property maintenance data is essential for optimizing your maintenance process. Without proper oversight and performance standards, property management companies may misallocate resources, hindering operational efficiency. Here’s why monitoring...
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. Property maintenance...
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 after...
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...
