A Closer Look at Expenses on Profit & Loss Statements In 2023/2024, saving money might come back into vogue for landlords.  As rent rises slow and vacancies start to increase, you may look to the other side of the balance sheet to improve financial performance. While it’s essential to maximize rental income, it’s equally important…

A Policy for Maintenance? How to get a grip on costs that just seem to evade control?  That's our topic today. In 2023, when business turns a little sour, cuts to maintenance are often the easiest, no-brainer response to lowering property management costs. Of course, that impacts residents and HOA members, if it's applied in…

Property Owners Want Better ROI It might seem unfair to ask a property management company to grow ROI, yet owner's request for profit growth is your opportunity to ask for more from them in budget and fees. Aren't all problems an opportunity? Surveys show rent price increases are the preferred route to higher ROI. Yet…

Manage Your Property Management Costs Rising costs are a growing concern for landlords and property managers this year as inflation eats more of their profit margin. If you haven't managed the cost side of your balance sheet, then this short term pressure is actually a blessing.  Now you'll finally be making efforts to streamline, reduce…

Traditional vs Tech Enabled Property Management Landlords and property managers both have been laggards in adopting new technology. The reasons are many, ranging from complacence to a fear of more work. And with technology progressing so quickly, the thought of catching up might seem impossible to them. For landlords stuck in the routines of the…