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There is no way to avoid inspecting your rental units on a regular basis.  Whether it’s part of the move-in process with a new tenant, an annual condition inspection, or a pre-moveout inspection to determine the work required to prepare the unit for a new tenant, identifying the key areas and components to check can speed up the process and ensure your units remain in...

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  Capital improvement budgeting is an annual requirement. Sometimes finding the data from your expenditures last year to help you plan your budget can be a paperwork nightmare. What are capital improvements? They are major repairs, replacements and upgrades, which require larger – and not always planned-for – outlays of time, effort and expense.  Capital expenditures can include replacing appliances, kitchen cabinetry, mechanical systems, and even...

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Leveraging technology can bring greater efficiency and accuracy to the turnover and asset management processes. It is important that there is a measurable return on investment. The first to adopt will likely maintain their leadership in “ready to change” industry. The property management industry has become very sophisticated, managing large portfolios with hundreds of diverse assets. When you manage such a large portfolio and unit-turnover rates are...

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