A great way to spruce up your property and maintain your visual appeal is to plant flowers. If you have a single family property or a multifamily complex, planting shrubs and perennial plants around the property can help improve the visual beauty. For more great tips and ideas and perennial plants, you can check out the garden center at your local hardware store.
As a business owner, property management is another “to-do” item that needs to be checked off the list. However, if handled incorrectly, it can quickly become a costly headache that gets in the way of other activities that generate real bottom-line revenue and organizational value. Whether you’re a small business or large company, outsourcing your property management needs can help you reduce costs and stay focused on growing your business. If you have yet to consider the option, below are seven reasons your business can benefit from outsourcing your property management needs.
1. Lower Costs
A good property management firm enables you to leverage established vendor relationships, staffing efficiencies and best practices for preventative maintenance programs to minimize costs while preventing premature equipment failures that lead to expensive repairs. Furthermore, outsourcing allows you to minimize your overhead, focusing your resources on your core business objectives.
2. Energy Savings & Being Green
An experienced property management firm can help you lower your monthly energy bills by up to 50% by analyzing your buildings’ power needs and providing simple, low cost upgrades to your lighting and occupancy sensors. Client retrofits typically pay for themselves in as little as 6 to 12 months.
3. Ability to Focus on Your Core Business
Worrying about your property can prevent you from focusing on what is really important to growing your business. Outsourcing your property management needs allows you to focus on the core activities that drive revenue while still maintaining a property that is clean, operational and beautiful.
4. Preventative Maintenance
By outsourcing your property management needs you are actively engaging in a preventative maintenance program to extend the life of your equipment, appliances and building structure. A property management firm will implement routine checks for leaks and structural issues to minimize cost and improve site safety.
5. 24/7 Coverage With Expert & Reliable Performance
Your business can benefit from an existing team of well-trained property management experts that are able to perform the services needed to maintain your property on a 24/7 basis. This includes plumbing and electrical services, drywall repairs, painting, ceiling tile repairs, carpeting, routine cleaning, lock & key maintenance, and closing/opening of facilities.
6. Emergency Management
Your property management firm will have the people and resources required to respond to any and all emergencies.
7. Safety Compliance A key part of property management is maintaining all local, state and federal compliances. Your property manager will work with your established corporate standards, local fire marshals, landlords and building inspectors to ensure you’re up to date on all applicable regulations.
No matter how cynical you are, the New Year always represents a fresh start, a clean slate, and an opportunity to begin anew.
Here is a list of five resolutions that all property managers should make. None of them are difficult or require an immense amount of work (especially for those that have prepared their office for year’s end) and all of them would bring rewards throughout 2012
Think you’re having a bad day? Just be thankful you didn’t get a call from a tenant about her “buzzing toilet with voltage running through it.” Yes, it really happened. When an upstairs tenant performed a makeshift repair, a toilet on the floor below became supercharged. This situation could have been avoided had that property manager followed our first step in work order processing. Read on to ensure that this situation (or something like it) doesn’t happen under your watch.
Despite the beauty of holiday decorations, it’s clear they can be very dangerous. According to the National Fire Protection Association (NFPA), Christmas trees were the first things to ignite in an average of 240 home fires per year between 2005 and 2009. These fires caused an estimated average of 13 deaths, 27 injuries and nearly $17 million in property damage per year.
And holiday lights and other decorative lights caused nearly 150 fires per year in that same period with an average of eight deaths, 14 injuries and $8.5 million in property damage.
Continue reading “Tips For Keeping Tenants Safe During the Holidays” »