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Property Management Solutions!
If you’re like me you’re always on the lookout for new property management solutions, ideas that will make your property management run more efficiently and less expensively.
In today’s property management training article I’d like to share ten property management solutions I’ve personally used, along with tips on which worked well and which not so well.
Set The Right Expectations
Property management solution #1 is to set the right expectations with your investors, your tenants and your vendors.
This also falls into the time management category. I remember a long time ago somebody once told me, “If you don’t manage your time somebody else will manage it for you.”
How true.
If you’re working with building owners, set the right expectations for your weekly or monthly reports, distribution of owner funds, and follow-up calls and emails.
With tenants, be consistent with rent due dates, when rent statements are sent out, deposit of funds, and willingness to do repairs that maybe aren’t called for in the lease. After only a few months of setting the right expectations with tenants you’ll be surprised how everything falls into place.
Develop A List Of Reliable Vendors And Suppliers
I find that by paying the vendor ... more

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