NAA is less than a week away – are you prepared? For all those last-minute planners and advanced organizers, take a look at our tips and tricks to make this year’s NAA a success!
We’re proud to announce that we have enhanced our cloud-based property management software, CICTotal Manager™! Alongside our automated billing capabilities, marketing tools, and tenant management, we have now added Budgeting into our suite of all-inclusive features. With this new tool, you can now digitally set a budget for each of your properties.
Here’s how it works:
- Log into your CICTotal Manager™ account
- Click on the company profile
- Select the tab ‘Budget Creator’
After New York’s first micro-apartment building, Carmel Place, garnered over 60,000 rental applications early last year, whispers of the marketability and affordability of micro-units have rippled across the U.S. Among rising developments in Miami, Kansas City, and Queens, pro micro-apartment legislation in California has reached the senate level.
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.