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Manageability

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

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…
James
6th Sep 2019
Community Management

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

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…
James
6th Sep 2019
Rental Asset Management

How to become a more profitable Property Manager

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…
James
18th Jul 2019
Community Management

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

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…
James
17th Jul 2019
Community Management

How to scale your Property Management business

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…
James
31st May 2019
Inspection and Maintenance Management

Maintenance Management for Rental Agencies

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…
James
31st May 2019
Community Management

How WeconnectU makes manageability challenges a thing of the past

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…
James
3rd May 2019
Inspection and Maintenance Management

Maintenance and Inspections

The 4 core pillars of Rental Asset Management are Application Management, Lease Management, Account Management and Maintenance & Inspections Management. Application Management deals with finding a Tenant for a Rental Property and covers aspects such as of Listing and Application Processing. Lease Management deals with the facilitation and finalising of the Lease Agreement, Renewal Management and Exit Management. Account Management…
James
30th Apr 2019
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