To understand when is the best time to rent out a vacancy, or figure out how much the rental price should be, keeping a keen eye on the rental housing market in your area is a big part of that process. While you can easily spend hours reading market trend reports and analyzing the impact on your community, it’s important to come up with a plan in case the rental market slows. With technological alternatives and preparation to decrease your costs and improve your internal operations, you can create a buffer for your community in case the market takes a turn for the worst.
As you probably know, increasing your rent in your community can undeniably cause conflict and tension between you and your residents. Before raising the rent, consider our tips to protect your community from legal action and breaking the law. No one wants to loose great renters, and with our guide you can learn a few tactics to successfully raise the rent and retain your residents.
As a property manager, you depend on credit scores to help you make the best rental decision, but how much do you know about credit scoring models? With this guide, you’ll not only learn some of the differences between FICO™ and VantageScore® 3.0, but how to use credit scores to uphold your rental standards and protect your community.
If you haven’t heard already— CIC™ will be exhibiting at the National Apartment Association’s (NAA) 2017 Education Conference and Exposition on June 21-24th. Alongside thousands of apartment housing professionals and providers, we can’t wait to connect with you and showcase our new property management software, CICTotal Manager™! We’re so excited that we’ve decided to raffle away a brand new Kate Spade handbag to one lucky subscriber before the big conference.
There’s no sugar-coating it—change is hard. Whether it’ll give your communities an advantage in the long run or not, it can sometimes be easier to ignore the benefits of a faster and more efficient property management software simply because you already know the ins and outs of your current program. Before switching your property management software, take some time to research exactly what your communities need and what you’ll be getting by upgrading. See if you can do a test run of the software. By digging around a little, you’ll be confident in the switch and make changing your property management software, easy.
Whether you love or hate using Craigslist to post rental listing ads, you have to admit that the website is pretty effective at drawing in applicants (plus, it’s free). The problem with this popular listing website is that you have to post frequently, and attract users to your information with headlines. Here’s our guide on writing catchy, but informational, rental listing headlines.