Manage Property Management Cost Costs are a growing concern for landlords and property managers as inflation eats more of their profit margin. As landlords search for property managers and new software, they're thinking about cost reduction. Sometimes reducing expenditures is easy, and other times it requires some creative thinking and deeper reviews of your accounting…

Property Manager's Top Challenges 2023 As we enter 2023, landlords and property managers are awakening to the daylight of a new era of business. There's been many changes in the last few years and 2023 is bringing more. New surveys are finding a shift in the property management business landscape, and it's not just the…

A Closer Look at Expenses on Profit & Loss Statements In a previous article, we talked about how revenue and vacancy losses impact property financial performance. While it’s essential to maximize rental income, it’s equally important to track how money spent on each line item and identify alternatives to generate cost savings. If you’re a…

Top HOA Management Challenges At this time of the year, property managers and landlords look ahead at their challenges amidst industry trends, and HOA and community managers do the very same thing. The question though is whether they're going see and do anything different in 2023.  If you haven't evolved how you see market opportunities,…

Resolving the Worst Pains of Property Managers Finding better ways to improve operations efficiencies is likely the number one objective of smart property management pros this year. Why? Because reducing workloads cuts costs which allows you and your staff to get to those tasks and projects that matter to business success. Business success is everything.…