Parking Policy for Apartment Renters

February 25, 2020

Know Your Parking Policy We covered rules and regulations in buildings previously, but what are residents' responsibilities on automobiles and parking? Generally speaking, residents must comply with all parking rules, signs, speed limits (e.g. 5 hours per hour), or other directional instructions implemented by the property management company. Parking policy is normally included in House…

  • Creating Your Resident Handbook

    February 18, 2020

    Build Resident Relations with One Handbook A Resident Handbook can help landlords build a positive relationship with their tenants.  It's relatively simple to put together and is great way to communicate good apartment management practices to tenants. You might know the resident handbook as a tenant handbook or renter handbook. It's purpose is to help…

  • Profit & Loss Statement: A Must-Read Financial Document

    February 17, 2020

    Property Management Financial Statements Monitoring property financial performance and examining the financial statements is one of the most essential tasks for property manager. The building financial performance should be reviewed on a monthly basis by the asset manager, director of property management, regional manager, and property manager.  When reviewing financial documents, the Profit and Loss…

  • Understanding Lease Agreements - More Provisions

    February 02, 2020

    Lease Agreements 101 – Part 2 In our previous article, we mentioned that lease agreements often contain some complicated provisions. And these require tenants to spend time to read each and understand them.  There’s more. A lease agreement can be lengthened with house rules and other addendums. In this article, let’s take a deeper look at other…

  • Inspection and Maintenance Checks for 2020

    January 30, 2020

    A Good Resolution for 2020 Have you already abandoned your 2020 New Year’s resolutions?  That’s actually okay in our books, because we have a better one for you - remind your tenants to take care of their units. As a New Year’s Resolution, in our residential buildings, we encourage tenants to maintain their rental units…

  • Property Performance Standards

    January 24, 2020

    Set Your Performance Benchmarks It's one of the most important matters of your property management business, that you set quantifiable standards for performance. Having benchmarks for each aspect of your services can help your company stay on course and grow more profitable. Our own property manager expert Gordon Leung offers some helpful tips on how…

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