How to Motivate Property Management Teams

If you want to operate a successful residential community, focus on making your employees happy and motivated.

“Property management is relationship building,” said Alan Kessman, regional manager at Universe Holdings. ”We don’t manage property. We manage people.”

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When property management companies lose staff, they must place more responsibility on a smaller amount of employees, leading to burnout and instability within the group and at the individual buildings. Additionally, employee turnover wastes time and can be costly in the long-term. The average cost to replace a salaried employee is six to nine months of the employee’s salary, according to the Society for Human Resource Management.

Today, every industry is focused on attracting and retaining employees, but property management companies have reason to be more concerned than others. According to the National Apartment Association, the overall average employee turnover rate for property management staff is 33 percent, much higher

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China Property Management Markets 2021-2026

Dublin, Sept. 07, 2021 (GLOBE NEWSWIRE) — The “China Property Management Market: Size & Forecast with Impact Analysis of COVID-19 (2021-2025)” report has been added to ResearchAndMarkets.com’s offering.

This report presents an in-depth analysis of the China property management market by value, by size and by segment. The report also provides a detailed analysis of the COVID-19 impact on the China property management market.

The property management market can be broadly categorized into five segments namely residential, community value added services, public building, office and malls, and others.

Since the outbreak of COVID-19 in January 2020, China property management industry has witnessed a downward trend in the short term because of the overall slowdown in real estate market development, postponed delivery of real estate projects, and disruption of real estate sales operations.

Since then, several policies have been implemented to help property management companies, such as tax cuts, increased government

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Fastest-Growing Multifamily Property Management Companies of 2021

You can also read our other Property Management Firms rankings.

 

Rank Company Annual Portfolio Growth (2018-2020) Units Managed 2020 Portfolio Occupancy Diversity
1 Cushman & Wakefield 3190.5% 171,713 A, MR
2 Morgan Properties 29.2% 73,428 94.4% MR
3 RKW Residential 25.4% 22,781 94.3% A, L
4 Greystar Real Estate Partners 22.5% 728,910 91.9% A, MR, St, Se
5 Bozzuto 20.0% 98,858 91.0% A, MR, L
6 Avenue5 Residential 17.3% 75,872 93.7% A, MR, L, X
7 Harbor Group International 15.1% 40,538 94.7% A, MR
8 The Inland Real Estate Group of Cos. 13.1% 21,937 87.0% MR, St, Se, X
9 Cortland 12.1% 63,915 89.7% A, MR, Se
10 BH Cos. 6.8% 90,926 94.1% A, MR, St

Key: A = Affordable Housing, MR = Market Rate, L = Luxury, St = Student Housing, Se = Senior Housing, X = Other

To be included in upcoming surveys, email Jeff Hamann at

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HOW PROFESSIONAL PROPERTY MANAGERS HELP IN HURRICANE PREPAREDNESS by Dave Sweyer

We are nearing the peak of the Atlantic hurricane season and, thankfully, the season thus far has been relatively uneventful for those of us in the coastal Carolina area.

Being prepared for hurricanes is a regular part of life in our area. Those who have experienced these storms before likely have supplies ready – think flashlights, water, non-perishable food, battery-operated radios, back-up power supplies/generators – in their homes, as well as a “get-out-of-Dodge” plan in place for when the tropical winds and rains inevitably come calling.

But what if you own rental properties in the area? Surely even the most responsible tenants can’t be expected to care for your investment as you would. Or, better yet, care for it as a professional property manager would.

Professional property management companies have both the in-house staff and close vendor relationships that will allow them to assist in taking care of those last-minute

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Comparing Traditional Versus Tech-Enabled Property Management

Co-Founder & CMO at Poplar Homes, a tech-enabled property management company with 2,200+ doors under management across 10 major metros.

Property management is going through an evolution right now, and tech providers have stepped up to the plate to disrupt the industry. There are plenty of incentives as to why. Among them, rental market share continues to grow steadily, making real estate investing an appealing alternative to stock market volatility.

Investors looking for assistance in managing and maintaining their portfolios are now faced with choosing between traditional and tech-enabled property management companies. 

The Key Differences In Property Management Operation Styles

Whether you have one property or five, you’re more likely to feel the impacts of poor performance when operating at this scale. This makes management style crucial. With that in mind, what do property owners need to know when looking at a potential partner?

Traditional Property Management

Traditional

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RENTAL PROPERTIES: TO FURNISH OR NOT TO FURNISH? by Dave Sweyer

Rental properties can be great investments and provide month-over-month profit for owners, while simultaneously accruing equity over the longer term.

Some owners have a single rental property, while others have multiple properties as part of their overall investment portfolios. Every investor’s goals will be different, and rarely is a choice plainly right or wrong, or the solution to an issue black and white.

One major question property investors face is whether to offer their long-term rental properties furnished or unfurnished. And, of course, not one size fits all.

This is an area in which working with an experienced property management firm can be a tremendous value add to your investment. In some parts of a city or an area, furnished rentals make much more sense than in others. The best property managers and management firms will live and breathe the markets they serve and be well-positioned to provide advice

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Evansville Actual Property Information

The suburb represents glorious value. But first home patrons of established properties usually are not eligible for the primary house purchaser’s grant if they have been to purchase this property.

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Wall-avenue chief Goldman Sachs is expected to speculate $300 million (Rs 1,850 crore) in a proposed joint venture firm promoted by listed property developer Nitesh Estates. On the time of Jeff’s dying, the Chester warehouse had been open for 4 months. The local fireplace and EMS division had dispatched personnel to its handle no less than 34 instances during that interval, in line with information obtained via a public information request. In its first two and a half years of operation, more than 180 calls have been positioned to 911, many of them for patients in their 20s and 30s. The commonest points cited have been issue respiratory, chest pains, cardiac issues, spells of unconsciousness … Read the rest

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The Persevering with Legacy Of Redlining And Exclusionary Zoning, And What To Do About It. (Podcast)

With historic architectural marvels in the nation inspiring the modern architects and designers from all over the world, the Egyptian real property market is destined for enormous progress.

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Promoting house right now might be achieved by anybody. This could make an incredible impression with the real estate agent and give you an opportunity to document their evaluation – and finally, it can lead to buyer faithfulness. An effective software for judging performance is to request a SWOT evaluation. “Costs D’ Real Estate have positively risen since pre-pandemic and I feel it is simply the low interest rates and the low provide of homes. So as a result of there’s low interest rates, there’s loads of buyers attempting to get into the market while the rates of interest are low and we simply do not have sufficient homes or enough building occurring at the moment for … Read the rest

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Summit County officials call short-term rental conversion ideas a ‘starting point’

Short-term rental properties in the Copper Mountain Resort village are pictured Aug. 13. Community leaders are discussing strategies that would incentivize owners of short-term rentals to convert their properties into long-term housing through the use of opportunity zones. These zones would target areas traditionally occupied by locals and not areas like Copper Mountain or Keystone.
Photo by Ashley Low

When the Summit Alliance of Vacation Rental Managers put together its Welcome Workforce program, President Toby Babich said the document was meant to be a catalyst for getting the countywide conversation started about how short-term rental owners could be incentivized to convert their units into long-term housing for locals.

The document detailing suggestions — including monthly subsidies, property tax exemptions and complimentary nights of lodging — was shared with Summit County staff earlier this month, and during a Summit Board of County Commissioners work session meeting Tuesday, Aug. 24, elected officials

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Trying For Redmond, Wa Area Houses?

Boasts a median age of inventory of solely 38 days, adopted by quick-selling markets of Stockton-Lodi, Calif., with 43 days, and San Francisco with 44 days.

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@properties, the biggest independently-owned actual estate brokerage firm in the city of Chicago, has joined Chicago-based Main Real Property Companies of the World® (LeadingRE), introduced Michael Golden and Thaddeus Wong, co-founders of @properties. The provisions relating to mortgage of property are contained underneath Sections 58 to 104 of the Transfer of Property Act 1882. Part 58 of the Act particularly defines the meaning of mortgage and different related phrases, based Angel the Real Estate on which, mortgage means the switch of an interest in particular immovable property for the aim of securing fee of cash advanced or to be superior, by way of loan or an existing or future debt. The transferor is known as a mortgagor, the transferee … Read the rest

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