Category: Revenue

Increase Profit Margins For most business owners, the topic of how to increase profit margins is an obsession and they keep a keen eye on their financial statements as the score card. After all, the purpose of any business including a property management business is to earn a good profit. Profitability isn't built through gimmicks,…

New Amenities for 2022 It's summer once again, the perfect time to think about adding new amenities for tenant enjoyment. Some are simple while others might come at some expense and setup time, but almost always met with approval from your loyal tenants. Kids playgrounds, tennis courts, basketball courts, barbecue party areas, swimming pools, garden…

Benefits Packages Tenants Love Property managers and landlords are looking for better ways to operate their businesses  That will lead them to a reassessment of their business model. New property management startups especially need a model to capture new landlord clients, scale up, and build a strong revenue stream. How you price services and package…

Outlook for Rent Prices Rent is rising in 2022, faster than it did in 2021. That shouldn't be a surprise that so far this year national rents have risen 2.5% vs 1.9% in 2021 during the first 3 months. However the rate of growth in the past month could send shockwaves into communities if they…

A Keen Focus on Business Growth We've discussed the topic of growth and profitability in many posts, and they are vital topics for property management companies. There are a good number of property managers who are keen on growing their businesses either through new clients or by acquiring properties themselves. With rent revenues rising so…

New Tenant Services As we covered previously, tenants have a particular laundry list of things they'd like to have in their new rental apartment or condo. One of them is Free Wifi. For those landlords who shy away from free anything and adhere to the bare bones service model, free Wifi won't impress. If this…