Property Management Advice for New Professionals

Property Management Advice for New ProfessionalsIn the theater world, it’s called stage fright. In love, you might say someone has “butterflies” or “the jitters.” If you’re starting a new job, especially in a management role, you may feel nervous, excited, or anxious, too.

When we’re new to something, aside from gaining the experience ourselves, the next best thing we can do to get comfortable is to ask for tips from someone who’s been there.

Property management advice, like so much other advice, is about as common as popcorn at a movie. But as helpful as Uncle Rob tries to be with his tip about using duct tape to cover the hole in the roof so you can save money, all the advice you’re given isn’t always helpful. The property management advice shared here is gleaned from some of the best in the business to help new management professionals know what to expect, and how to prepare for a successful career in condo property management.

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7 Ways Condo Landscaping Can Increase Your Occupancy Rate

ways condo landscaping can increase your occupancy rate

You’ll see the return on your investment when you spend money and time on condo landscaping

Take a moment to picture yourself in a beautiful location. Go ahead, I’ll wait.

What does that location look like for you? Is it filled with the beauty of nature? Are there water features or colorful trees? Now, think: how would you like to live there?

Creative condo landscaping can do just that for you; it will allow your prospective residents to picture themselves living in an ideal, beautiful location. In fact, the right landscaping can and will help you increase your occupancy rate.

Well manicured design increases curb appeal. So when it’s time to sell, your condo dwellers will be able to get a higher return on their investment as compared to condo owners living in a poorly landscaped community.

Likewise, condo landscaping can attract buyers, which leads to higher demand and a higher occupancy rate for the property you manage.

Here are seven things to consider when using condo landscaping to make your property the most longed for investment.

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A Condo Inspection Checklist for Condo Owners and Property Managers

A Condo Inspection Checklist for Condo Owners and Property ManagersKeeping a condo inspection checklist handy will help you head off major repairs before they become major headaches.

If you’ve seen The Money Pit, with Tom Hanks and Shelly Long, you’ll know one of the most famous scenes. One house problem after another has the exasperated couple who are excited to finally relax and enjoy a hot bath. But just as they fill the tub, it falls through the floor, crashing into the home’s entry way.

The condition of your condo probably isn’t that bad, but a condo inspection checklist can help you spot problems before they become big, exasperating ordeals.

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Property Management Horror Stories You Can Learn From


property management horror stories

In property management, horror stories are not what you want to be a part of, and yet, anyone with any experience can tell you a few.

Edgar Allan Poe was a master of horror stories. From the first lines of The Tell-Tale Heart, you’re in a state of suspense. Poe draws us into his world of the macabre with the deftness only few storytellers can muster.

TRUE! –nervous –very, very dreadfully nervous I had been and am; but why will you say that I am mad? The disease had sharpened my senses –not destroyed –not dulled them.

Above all was the sense of hearing acute. I heard all things in the heaven and in the earth. I heard many things in hell. How, then, am I mad? Hearken! and observe how healthily –how calmly I can tell you the whole story. – Edgar Allan Poe, The Tell-Tale Heart

Fortunately, your property management horror stories (hopefully) aren’t as frightening as Poe’s.

I can only imagine how his landlord must have felt about having a heart buried under the floorboards!

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7 Important Questions to Ask a Property Manager About Condo Living Before You Buy

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Don’t wait for surprises. Here are 7 questions to ask a property manager before you dive into buying a condo.

When you are looking at condos, and thinking about where you’re going to be living for the next 5, 10, or 20 years, what do you think about? Maybe you envision a quiet morning sipping coffee on your deck or you think about a convivial chat with your neighbor. Visiting your potential condo community will give you a feel for the neighborhood, but you don’t want to be surprised.

One way to reduce those surprises is to have a list of questions to ask a property manager before you commit to such a big investment. These are questions that will help you make a smart decision and prepare for life in your new condo. [Read more…]

What’s a Good Property Management Salary?

property management salary

Finding the best advocate for your community may boil down to offering the right property management salary.

Hiring a new property manager is an adventure. You have to weed through some, shall we say, interesting applications. That’s the easy part. What you’re left with are (hopefully) several great candidates to interview and select.

Among the many things you need to determine when writing a property manager job description, is a competitive property management salary for your area.

If you want a qualified, competent property manager, the salary has to be in line with the going rate, as well as the general cost of living in your area. Here are a few things to consider when you’re trying to attract qualified candidates and remain within your condo association budget.

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How To Write a Condominium Property Manager Job Description

condominium property manager job description

A booming, reputable condo community that’s always at capacity doesn’t get there by hiring a bad condominium property manager. 

Who you select as a condominium property manager can have a significant effect on the happiness of your condo neighborhood, so the condo association board needs to be diligent in hiring the right person.

One of the best ways to begin a new project is to take a look at what other people have already done. Looking at job descriptions from condo management companies is a great way to gather ideas, and figure out how to approach a condominium property manager job description for your condo association.

In this post, we’ll take a look at three condo management companies and their job descriptions for a condominium property manager. We’re also including a copy and paste job description you can use when your condo association needs to hire a property manager.

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