How to Grow Profit Margins

July 24, 2022

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,…

  • Tax Strategy for Landlords

    January 14, 2022

    Reduce Your Rental Property Income Taxes We're nearing the 2022 tax season and tax management strategy is the hot topic. For many landlords, it's a burden and you might need a little pep talk to get you into the right frame of mind. While finding ways to reduce your 2022/23 rental property tax pain will…

  • 12 Good Ways to Reduce your Property Management Costs

    January 01, 2022

    Manage Your Costs and Expenses Every winter season, landlords and property managers both look to cut costs and minimize repairs. For good reason too. While rent prices are rising and rent payment default is easing in the post pandemic period, costs have to be addressed.  Whether it's labor, and product, supplies and materials shortages or…

  • 12 Ways to Reduce Tenant Churn

    December 22, 2021

    Reduce Churn and Turnover Costs Have you calculated how much revenue you've lost due to tenant churn over the years?  Some landlords and property manages do have systems to report these losses, but how many are resolving losses from churn? In some states and cities, the issue of tenant turnover is a current matter.  With…

  • The True Costs of Tenant Turnover

    October 13, 2021

    Rental Unit Turnover and Tenant Churn Now in 2022, we're seeing higher rental apartment and house rental churn rates because people are moving for new employment, lower rents, and making other post pandemic adjustments. Property managers might feel powerless to reduce that occurrence and control the losses for landlord owners. Having to renovate and remodel…

  • Owner Reports for Landlords or Property Managers

    October 01, 2021

    Property Management and the Owner's Statement Property management is all about serving property owners (and keeping tenants happy). And yet, property owners don't always appreciate what you do, how you manage costs, and keep your buildings, condos, and other properties well maintained. The owner's statement is a concise way to help you maintain accurate accounts…

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