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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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One of the biggest reasons property maintenance is such a pain for property management companies is its unpredictability But it may be more predictable than you think Most property management...
nbsp Rental turnover is a normal part of property management But unusually high rates of turnover can wreak havoc on your bottom line and cause negative relationships with property...
When it comes to rental turnovers one of the most time consuming aspects is coordinating all the services that need to happen before a unit is ready for a new...
In August of 2022 the national rental retention rate was 54 8 Before the COVID 19 pandemic retention rates over 50 were nearly unheard of Residents were less likely to...
According to Dictionary com a 8220 make ready 8221 is the act or process of making something ready for use When it comes to property management it 8217 s just...
There are two main ways to lower turnover costs 1 The first is lowering your turnover rate and decreasing the number of turns you must complete The fewer turnovers you...
There are many ways to run a property maintenance program but not all are successful The strategy you choose to conduct your property maintenance will directly impact resident satisfaction owner...
The rain showers are slowing down and the sun is in the sky longer each night While for some summer is a season of fun and relaxation but for property...
Preventative maintenance is a maintenance process that intends to detect any failures defects and equipment breakdowns before they quit working leading to a potential maintenance emergency This type of maintenance...
Maintenance troubleshooting is a vital part of any successful property maintenance process Troubleshooting saves time and money as it reduces the amount of downtime caused by the issue and prevents...
Property maintenance can be a daunting task primarily due to its unpredictability But after years in the maintenance game our team has discovered trends in the property maintenance sphere You...
How does property maintenance impact resident satisfaction When a property is well maintained it provides a sense of security for a property management company s residents This includes regular maintenance...
What is Routine Maintenance Routine maintenance refers to regularly completed work by a maintenance team These are typically daily or weekly tasks to keep up a property 8217 s overall...
A property maintenance checklist can be a list of responsibilities an internal maintenance team must complete on a regular basis to keep a facility machine or system in good working...
Property managers juggle many moving parts when running a successful company From screening potential tenants and ensuring they are the right fit to collecting rent payments there is always something...
With over 650 customers managing over 450 000 units Property Meld is growing rapidly as the leading property maintenance software platform in the industry To aid in our effort of...
In December most property management companies are preparing their owner statements so they can have them all sent by the end of January Owner reports detail the past year and...
According to industry data more property managers plan to grow their portfolio in the next two years than we ve seen since 2016 In addition more rental investors plan to...
