June 7th, 2019
52 ways to grow your rent roll
Property managers have a particular set of skills…
No, I’m not talking about your people skills or your ability to detect a real estate conversation from a mile away. Those are prerequisites to being a good property manager. What I’m talking about is something much bigger and much greater…
Here are 10 signs you’re a great property manager:
Emails, check. SMS, check. Phone calls, check. Management reports, check.
A million other things, check. A great property manager is particularly adept at multi-tasking and communication across all fronts. At any given time, you’re on the phone, checking your emails, taking notes and updating your online property software to ensure your tenants and owners are in the loop and well looked after.
Math might not have been one of your favourite subjects in school but you can now calculate commissions, rental income, arrears and bills like a pro. Hopefully, you’re also using online property software to automate some of those repetitive property accounting tasks to save yourself time!
You may not be Bob the Builder but maintenance is your middle name. You know that regular inspections and preventative maintenance are essential to lowering utility bills, avoiding costly emergency repairs and prolonging the life of plumbing and electrical systems.
However, if an emergency maintenance issue comes up, you know exactly who to call in your network of tradespeople and suppliers to ensure a seamless fix.
The real estate industry changes every day so you’re constantly scouring news and property management websites to keep yourself in the loop. You have a thorough understanding of the local market and surrounding area and completing a rental market analysis is a piece of cake.
As such, your friends, neighbours and family call you whenever they need property advice. This means you’re starting to get recognised as an expert in your field and in the long run, this will help you in growing your network and rent roll.
It’s a 7 days a week, 365 days a year kind of affair and sometimes you guys don’t see eye to eye, but it’s mostly great.
When you find that job where the weekdays bleed into the weekends and you don’t mind, you know you’ve truly found a job you love and want to excel at.
As a great property manager, you have an entrepreneurial spirit and a thirst for success. You’re constantly looking for ways to innovate, grow your rent roll and further improve your relationships with clients. You’re on a roll and there’s no stopping you now!
…And maybe your lunch room too.
Let’s face it, as a property manager you’re always on the go so it’s no surprise that your car doubles as a mobile office. You might be heading from inspection to inspection, meeting clients and tradespeople, checking repairs and filling out paperwork and eating lunch in between it all. Just be sure to clean out your car every now and then!
You use technology to your advantage so you can focus your attention where it’s really needed. Your Owner Portal helps deepen your relationship with your clients, making it easy for landlords to see their financials and an overview of their properties. Meanwhile, your cloud property management software and app simplify your workload with magical automation and help you take property management on the road.
You know that there is no one size fits all when it comes to property management and you embrace that. You remain flexible to the needs of your owners and tenants and you know never to assume that everything will go to plan.
No great property manager works alone, especially if you want to continue growing your business. Your amazing property management team has all these characteristics, making you more efficient by sharing the workload, keeping you in the loop and ensuring you’re feeling motivated and at your best.
If you enjoyed 10 Signs You’re a Great Property Manager, you may be interested in 52 Ways to Grow Your Rent Roll, How to Be a Successful Property Manager and How Virtual Reality is Transforming the Real Estate Industry.
How many of these signs apply to you? Comment down below to let us know how you’ve gone above and beyond as a great property manager.