Behind every great property management business are the values and principles that drive their success and "the glue" that holds everything together.
Here are 14 principles are universal and, when applied, are a roadmap to success.
There are different types of property managers you should know about. Here are the different types of property managers, and why we choose to specialize in residential property management.
A lot of people have unrealistic views of what property managers actually do. Here are 6 myths about property management (that aren't grounded in reality).
No matter where your property management franchise is, you should always be prepared for what lies ahead. As the business owner, it is your duty to be pro-active and responsible to prevent safety infractions BEFORE they occur.
As the owner of a Property Management Franchise, You must devote substantial time and energy each week in order to meet your marketing goals.
Marketing is the primary force behind efforts to attract owners and tenants, and significant time and resources should be dedicated to supporting these efforts at the local level.
After you've begun to establish your Property Management Business, you'll want to start seeking to hire Property Managers. When you are seeking to hire/develop Property Managers you'll want to consider the qualifications and duties of your potential employee.
Franchising is a great option for those looking to start their own property management business. Going the franchise route provides security of the training and proven systems of the franchisor to rely on. It makes sense that franchises have a higher success rate than starting a business from scratch, but starting a franchise business still has its risks.
As a Property Management Franchisee, you must devote substantial time and energy each week in order to meet your marketing goals.
Marketing is the primary force behind efforts to attract owners and tenants, and significant time and resources should be dedicated to supporting these efforts at the local level.
Different types of advertising work in different areas. You need to seek out the types of advertising that will most benefit your business by testing different vehicles.
If you want to sell your current home, but have little or no equity, you may have to come up with tens of thousands of dollars at the closing table to satisfy your loan. Or you could become an "accidental landlord" and rent out the house until you are able to make a different decision financially
