Owning your own home is considered a big part of the American Dream. Yet a large share of the U.S. 人口, over 100 million Americans, live in rental properties out of preference or necessity.
For city dwellers, apartments are often the only practical option short of heading to a suburb. Others simply prefer to avoid the hassles of home ownership.
That leaves property managers with the daunting task of managing properties occupied by more than a third of Americans. If you're looking for some property management tips, keep reading.
Our quick property management guide will cover four mistakes you should avoid.
1. 租户甄别欠佳
Bad tenants drive up eviction rates and late payments. Not running a thorough or running an inconsistent tenant screening process boosts the odds of a bad tenant.
Every tenant should go through the same tenant screening process that includes things like:
- 信用检查
- 工作检查
- Criminal 回来ground check
Just make sure that you don't cross any lines with state or federal 公平住房法. 一般来说, you must secure consent from the applicant to run credit and 回来ground checks as part of the application.
2. 罕见的检查
Another mistake common in property management is a lack of inspections. Only doing inspections when someone moves out can means years of accumulated damage.
At a minimum, you should run at least one annual 财产检查 每个出租单位. That helps ensure that tenants aren't damaging the unit. It also helps you ensure that repairs get made for unreported damage before it gets worse.
3. 可怜的营销
In some markets, rental units go off the market almost as fast as they go on the market. Unfortunately, not every property manager operates in hot rental markets. Poor marketing in those areas can leave units unfilled and not generating revenue.
Every property manager needs a solid marketing plan ready to go for all of their units. That includes photos, descriptive copy, floor plans, and even virtual tours. You also need a list of websites and listing services where you will 帖子 the apartment.
4. Not Leveraging Technology
Technology can make property management a much easier task for you and your tenants. You can use software for things like:
- 维护门票
- 收取租金
- Bookkeeping and accounting
Software can automate or at least streamline a lot of common processes in property management. Not using it only creates work for you and slows down response time for tenants.
Mistakes and Property Managers
Property managers can make a lot of mistakes. The good news is that most of them fall into the category of avoidable mistakes.
A good and consistent tenant screening process will help you avoid bad tenants. Regular inspections will help ensure that you get rental units 回来 in decent shape.
Developing a marketing plan in advance will let you fill vacancies when they happen. Leveraging technology makes processes faster and easier for you and your tenants.
Blue Ribbon 菲律宾十大彩票平台 offers property management services in the 学院站 area. For questions or to get started, contact Blue Ribbon today.
