1. Turnover Rates
  2. Late Rent Payments
  3. Evictions Time
  4. Eviction Costs
  5. Maintenance Staff Costs
  6. Turnover Time
  7. Operational Staff Costs
  8. Net Vacancy Time
  9. Marketing Costs
  10. Communications Costs

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"In place of repeating our past paper based processes, we converted to a fully electronic application and approval process with PropertyVista.The result was a 80% increase in our approval process and a 65% increase in application submissions."

Sarah Stewart, Director, Marketing and Leasing, Greenwin Inc.

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Every business owner dreams of growing their company – and their profits! The property management business is no different. There are many successful small property management firms who have their eye set on increasing their portfolios in 2018. However, not all of them will be able to make that leap. Here are some key mistakes […]
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It’s a given that the property management industry is a customer-service industry. Smart property firms recognize that in addition to attracting and retaining tenants, keeping residents happy is equally important. Today’s renters are smarter and better informed, and want more options. They are also critical about the customer experience they receive, and willing to share […]
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2018
The end of the year is upon us. In just a few days, we’ll ring in 2018 and celebrate a New Year. As we say goodbye to 2017, and await 2018, there is no better time than in the coming weeks for property managers to prepare for the year ahead. A few simple actions can […]
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As more and more people are becoming long-term renters, investing in rental property to become a landlord is skyrocketing in appeal. The allure is obvious, rental properties can represent an exceptional source of income and, with the right property and tenants, it can be a continual revenue stream that will allow you to continue to […]
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As we careen toward 2018, many people – property managers included – are asking themselves “Where did this year go?” And, every year many people – property managers included – make the resolution to “work smarter not harder.” Let’s face it, it’s a fast-paced industry, and property professionals juggle a lot of tasks every day. […]
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One of the biggest frustrations for landlords, and property management companies, is tenants who do not pay their rent on time. Sometimes residents simply don’t have the cash in the bank on the due date, and other times the overdue payment is caused by simple forgetfulness. Unfortunately, late payments take a big bit out of […]
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No industry is immune to the highly infectious annual condition that starts circulating every December: holiday busyness. With so much going on, it’s easy for things to fall by the wayside. But that doesn’t mean that customers are willing to tolerate diminished service, no matter the season. Or that managers and owners are interested in […]
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With each new generation, marketers need to change their strategy, finding new, engaging ways to be relevant to the demographic group that dominates the marketplace. The Millennial generation is set to be the largest generation to have ever existed, and this year alone in the U.S. Millennials will be spending more than $200 billion in total […]
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In the property management world, improving tenant retention and minimizing expenses are pretty high on the priority list. That’s why firms that handle multi-unit residential buildings (MURBs) are well advised to look for eco-friendly cost-cutting opportunities. Most MURBs were built a few decades ago, when energy efficiency wasn’t a priority. By today’s modern standards, they’re […]
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It’s an on-the-go world. Increasingly, people rely on mobile devices to do everything from banking to shopping to browsing available rental units. For property management, the mobile frenzy doesn’t stop with prospective renters. Whether it’s maintenance employees or third-party contractors, more and more, people expect to be able to check in with work from anywhere, […]
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