Fantastic Ideas to Help Property Managers Track Maintenance Tasks

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As a property manager of a furnished rental, you likely understand how much work you are required to do in terms of tracking and verifying maintenance tasks for your properties. You are required to track all of the paperwork, ensure a repair person is present to take care of tasks, verify the work process as it goes on, track all of the invoices for maintenance work, account for payments, and much more. This is something that can get overwhelming extremely quickly, even for the most experienced and efficient property manager.

The good news is that as technology grows and changes, there are more and more options for keeping on top of things. An example is a simple-to-use app, AppFolio, which gives you everything you need to ensure maintenance tasks are handled, tracked, and verified in real time. What’s even better is that it goes beyond those initial tasks and provides a robust system to help run your properties with ease.

Software like AppFolio provides a way to more efficiently resolve maintenance issues but also helps you draw in new renters and owners in order to grow your business. It also gives you access to the most modern marketing tools to help your short-term housing properties remain competitive in a landscape that is continuously changing. On top of that, you also get access to robust accounting software and an optimized option or managing, leasing and renting of your short-term housing.

Even those who have a mixture of properties offered as a furnished rental, this app and others like it can offer you assistance. It doesn’t matter if you’re managing student housing, residential homes, commercial buildings, or community associations. The apps provide the support and training that you need to succeed in your role while doing so more quickly than you currently do.

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If you’re looking to see a quick return on your furnished rental investment, this type of app helps you collect rent money more quickly and fill your vacancies fast. You will also save on expensive things like storage, paper, and supplies. Beyond that, you’ll see that managing properties and growing your business is less expensive since you won’t need to hire on additional staff.

So, if you haven’t taken advantage of management software for maintenance tasks, it might be something you should consider. Good luck!

Important Criteria to Consider When Evaluating Property Management Companies

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It may seem that managing furnished rentals would be a pretty easy job, but most who attempt it as a DIY venture soon come to regret doing so. This is because it can be quite overwhelming, and even just owning and operating one or two furnished rentals or corporate suites can quickly take over your days and nights. It is truly a non-stop activity, and even those who are great at time management struggle to make it work. This is why many decide to work with a property management company.

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Choosing Your Provider

As you might already know, no two businesses are alike and where property management companies go, you have to spend some time determining which among them is the best fit for your needs. Let’s look at some of the criteria you should consider when hiring a firm to help with your furnished rentals and/or corporate suites:

What is their actual workload?

A company that seeks to take on your furnished rentals should have no problem admitting to you the number of properties they currently manage. If they keep this a secret, look elsewhere. You need to know how many people they have available at any time to help with your corporate suites or other rentals. A recommended ratio is to have one trained staff member to every 30 or so furnished rentals.

Will they be able to screen and choose tenants based on your goals or needs?

You should have an idea of what you want done before renting the property. A good property management firm will listen to what you say and then explain whether that works with their model. For example, you may say you want background checks on identity, rental histories and credit scores. If they are unwilling or unable to handle that, you need to move to your next candidate.

Which steps in the rental process do they handle?

Are they top to bottom managers; interviewing, screening and working with tenants as they move in? Because you are going to want to be hands-off, you need to know that they are going to be good at communicating and working with tenants, handling issues, managing rent collection and more.

What are their costs?

We all know that there is a lot of truth in the saying that you get what you pay for, and when you are searching for a good property management firm, you just cannot start with the costs or fees associated with their work. You also have to consider factors that demonstrate their value. For instance, are they incredibly busy? It is a sign they are good at what they do and popular with other land owners. Do they have low occupancy rates? If so, that too is another good sign.

What it boils down to is simple: If you take the time to find a skilled and flexible provider of property management services, you see better profits and enjoy peace of mind; knowing both your properties and tenants are in good hands at all times.