Whether you’re running your community analytics through your property management software or are calculating everything manually, you should have these big picture analytics available frequently. Whether it sheds light on your operating expenses, successful traffic sources, or frequent delinquencies, here are the top 4 property management reports you should have your hands on.
It’s undeniable that the advancement of technology within the past 5 years has not only significantly changed the multifamily industry, but will continue to shape resident acquisition and communication practices for years to come. Even the National Apartment Association can’t deny that the housing/technology opportunities are there. While some property management companies and independent rental owners continue to do offline, in-person rent and fee collections only, you might want to look into going online to keep your communities competitive.
Since officially releasing our cloud-based property management software, CICTotal Manger™, we’ve been excited to offer an all-inclusive and mobile-friendly management solution tailored to simplify day-to-day operations, obtain quality tenants, and reduce overall costs. As offering a complete property management software as a subscription service is unique to the rental industry, the question we’ve gotten asked the most is: “So how many features are really included in your software?”
On Tuesday April 4th, the Oregon State House passed House Bill 2004, which would place new limitations on evictions, require relocation fees for certain evictions, and would reinstate rent controls throughout the state. As this new legislation moves on to the Senate, it would be wise to start preparing for if it passes.
With Memorial Day and Summer up ahead, you might want to start strategizing resident events and outdoor maintenance for your property. As leasing season gets closer utilize this valuable prep time to ensure the exterior of your community is maintained and safe, and consider hosting a few resident events to not only attract applicants to your property but keep the residents you have.