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Coffee with James Session 7: Asset Management: The future of rental property management

By | Rental Asset Management

Professional rental property managers have been an important part of the property investment landscape for as long as most of us can remember. Landlords have long relied on these experts to shoulder the day-to-day demands and intricacies of keeping tenants in line and rental properties running smoothly. Yes, rental property managers play a very important role. Has there ever been…

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Asset Management: The future of rental property management

By | Rental Asset Management

Professional rental property managers have been an important part of the property investment landscape for as long as most of us can remember. Landlords have long relied on these experts to shoulder the day-to-day demands and intricacies of keeping tenants in line and rental properties running smoothly. However, recent years have seen an increasing trend of landlords expecting more from…

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Trust accounts vs individual accounts: How to optimise efficiency while meeting your clients’ needs

By | Community Management

Property Management companies have two options when it comes to managing their communities’ accounts: a series of individual bank accounts for each community, or a single, central trust account in the name of the managing agent. “Trust accounts are the preferred option for most larger property management businesses because of the processing efficiencies that they provide,” says Danie van der…

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Coffee with James Session 6: How to optimise efficiency while meeting your clients’ needs.

By | Community Management

Property Management companies have two options when it comes to managing their communities’ accounts: a series of individual bank accounts for each community, or a single, central trust account in the name of the managing agent. That’s interesting. James, which one of the mentioned options are preferred by larger property management businesses? That’s a good question! Trust accounts are the…

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How to become a more profitable Property Manager

By | Rental Asset Management

It’s a sad but well-known fact that small to medium sized property management businesses are seldom (if ever) particularly profitable. Sure, they can deliver a reasonable turnover, but increasing that turnover usually comes with an associated increase in overheads, particularly with new regulations adding to the workload. That makes it tricky for business owners to transition from making ends meet…

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Coffee with James Session 5: How to become a more profitable Property Manager

By | Community Management

It’s a sad but well-known fact that small to medium-sized property management businesses are seldom (if ever) particularly profitable. Sure, they can deliver a reasonable turnover, but increasing that turnover usually comes with an associated increase in overheads, particularly with new regulations adding to the workload. What does this mean for property managers, James? Well, the sad fact is that…

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Coffee with James Session 4: How to scale your Property Management business

By | Community Management

Most of us would love to be our own boss and be the master of our own professional destiny, right? Now, in order to maintain your professional freedom as a business owner, it would be ideal to build a sustainable and profitable operation, where day-to-day operations run as smoothly as possible and require minimal intervention and interference. If successful, this…

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How to scale your Property Management business

By | Community Management

A primary goal for most business owners – regardless of industry – is to build a sustainable and profitable operation where day-to-day processes require minimal executive interference. This creates an environment in which you are free to work on your business rather than in your business – an important step towards the professional freedom that likely drove you to start…

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Maintenance Management for Rental Agencies

By | Inspection and Maintenance Management

Here at RedRabbit, we know exactly how time-consuming and tedious maintenance management can be. That’s why we provide you with the tools to easily organise and track each maintenance ticket from logged to completed. Dealing with maintenance requires a lot of communication to keep all stakeholders informed. With our maintenance dashboards, you can easily track what has been done on…

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How WeconnectU makes manageability challenges a thing of the past

By | Community Management

In our last post, we discussed the importance of being able to measure key performance indicators in Property Management businesses in order to effectively manage staff productivity and portfolio performance. We also went into some detail on which KPIs offer the most value from a business insights perspective, and how those insights can help business owners and portfolio managers hit…

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