Property managers are a buffer and a liason between property owners and the tenants who rent their houses and apartments. They provide a valuable service between homeowners who live remotely from their assets. They make it easier for tenants to report maintenance issues. Read here for tips about gaining efficiency in Real State Colorado Springs Property Management.
Efficiency in Marketing
Establish a network of property owners. Your first clients will be the hardest to get. Treat them like gold, and they will tell their associates about you. Bend over backwards to keep them happy and build a reputation for excellence. Once you have built that reputation for service, efficiency and excellence, work tirelessly to maintain it.
Efficiency in Payment Management
If you want someone to do something for you, make it as easy as possible for them to do so. You want your tenants to pay their rent on time. Make it easy. The most cost-efficient method of processing payments is electronically. Your younger tenants, Generation X and Millennials, will probably insist on it, while Baby Boomers will go along with it, provided you make the process easy. Your senior tenants, who have written checks all their lives, may want to keep it that way.
How do you handle a tenant from a generation that may not even own a computer? Do you strong arm them into doing it your way? Fortunately, you don’t have to. There are services that enable you to post paper checks to your acounts and convert them into electronic deposits. Property Management Lockbox and remote deposit capture are two examples.
Efficiency in Property Maintenance
One of your most important tasks as a property manager is keeping the tenants’ homes in tip-top condition. Keeping to a regular maintenance schedule will go a long way toward preventing disasters and avoiding expensive repairs. There will be unforeseen emergencies. Leaky water tank, blocked toilet, local sewage system backing up into the property.
Armed with the right software, the most powerful tool in your pocket is your mobile phone. Mobile property management software can keep your property and vendor information readily to hand in case of an emergency. The right scheduling program can help you organize your maintenance timetable. Not only that, it an help you organize our vendors and, importantly, help you keep receipts for tax reasons. These records will come in handy when you have to tell the tax man whether you, or your property owners, earned a taxable profit or a suffered a deductible loss for that particular year. Finally, online portal can help you record communications with your property owners.
People move to Colorado Springs for many reasons. Some move to the Front Range Urban Corridor for work. Others come for the World Figure Skating Museum and Hall of Fame and stay for the Garden of the Gods. All of them fall in love with Colorado Springs’ established neighborhoods, tree-lined streets, and manicured lawns. As a property manager, you are in the enviable position of being able to make their dreams come true. What better reason could there be to strive for efficiency in real estate Colorado Springs property management?