Time is our greatest commodity – we only get 24 hours in a day, and the way we use those hours affects everything from our personal happiness to our businesses’ profitability. Time is also in high demand in today’s world. Everyone is trying to take a piece of it for themselves, through emails, phone calls, social media and more. For…
In times like these, business owners aren’t just battling to adapt to a new normal, they’re also facing a constant stream of white noise. From ever-evolving laws and restrictions, to the struggles of people under pressure, to tragic personal stories and tides of fake news, it can seem impossible to keep one’s head above the metaphorical water – let alone…
Navigating the changing landscape brought about by Covid-19 has certainly been a challenge for property managers. However, it has also brought into stark relief the critical role that property managers play on behalf of landlords, and highlighted a few essential operational capabilities that will become non-negotiable in future. “Most property managers have never worked as hard as they did during…
Let’s face it: the world we live in today is not the same as it was three months ago. Likewise, the world in three months’ time is going to be a very different place to the one we’re in today. Times have never changed this much this fast, and it’s creating a huge amount of uncertainty for people and…
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…
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…
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…
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…
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…
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…
Recent Comments