Although we all wish that summer would last a little longer, the season is steadily coming to a close. School supplies are starting to fill the aisles of every store, and the inevitable return to the normalcy of the academic year is looming. For property managers, this presents an opportunity to market to a specific kind of renter, and possibly fill some vacant properties you may have sitting. College students are taking this time to finalize their living arrangements, and your property could be just what they’re looking for. Take advantage of this new pool of renters by tailoring your marketing strategy to attract students.
Property Management Tips
Everywhere you go, there are rules. Whether you’re at home or school or the mall, there are guidelines in place that people are expected to follow when present. Our society is structured around rules, and, without them, it wouldn’t be able to function. Your property is no different; when you allow a tenant to fill your vacancy, you expect them to pay the rent on time and respect your property in return. Everyone has their own rules for their rental, but consider these three popular rules.
Technology is a driving force in our society, a simple way for people to connect with timeliness and ease. With a cell phone or a computer, the world becomes your oyster and the sky is the limit. Some apps offer the opportunity for people to exchange goods or services, requiring little more than the touch of a few buttons. You are probably well aware of the home sharing app Airbnb, which allows ‘hosts’ to rent out part or all of their living space to travelers. While the service may be a lucrative option for some homeowners, it’s understandable that landlords and property managers wouldn’t want their tenants renting out a room in their home. But what do you do if you find that your renter is putting your property on Airbnb?
With year-over-year inflation rates reaching an average of 2.5% that means raising rent is inevitable for most landlords and property managers. However, it can be hard and you may feel guilty to pass the financial burden along to your tenants. Even more if they’re long-term, have a good track record, or are your friends and family. Here are four ways to increase rent without feeling guilty.
In anticipation of the National Apartment Association’s (NAA) Apartmentalize Conference in San Diego, California, we’re giving away a kate spade handbag to one lucky CIC blog subscriber. But you better hurry! Our online giveaway will be ending on June 8th, 2018.
If you’ve ever seen the show Parks and Recreation, you’re probably familiar with the concept of Treat Yo’ Self. Life can get overly busy with trying to find a balance between a work and personal life, and at times we can forgot to take a little time for ourselves. It is never a bad idea to take a day to treat yourself, and what better opportunity than National Wine Day? Celebrated annually on May 25th, this is a great day to set a little time aside and treat yourself to a night of wine and relaxation.
Fake reviews are becoming a growing problem within the multifamily housing industry. Online, it’s terribly easy to leave a fake positive or negative review, and extremely difficult to get any reviews erased. Whether the apartment review is from a lying, former tenant or a professional fake reviewer, here’s why you should be responding to them all.
We’re excited to announce that CIC will be exhibiting at the National Apartment Association’s (NAA) Apartmentalize Conference in San Diego, California on June 14th and 15th! Alongside showcasing our newly released property management software, CICTotal Manager, we’ll be raffling away two kate spade handbags during the conference and hosting a caricature artist at booth #2831 on the second day of the expo, June 15th.
As a property manager, it’s not surprising that you deal with a lot of personal information. With a plethora of resident and applicant information in your possession, you can never be too careful with other people’s sensitive information. You require applicants to provide you with this personal data so that you can judge their candidacy for renting your property, but, in doing so you have to protect that information in return. While that might sound like an easy task in theory, there are always little details that can be overlooked and potentially risk access to the data applicants have trusted you with.
So how can you protect the sensitive information you’re charged with safekeeping for applicants and residents? While there is no foolproof way to safeguard data, there are measures you can take to defend the information in your possession.
Within the growing $77 billion dollar property management industry, automation is becoming the norm. From text message rent notifications in downtown high-rises to auto-generated lease forms in small suburbs, rental properties across the U.S. are opting out of traditional management practices and migrating to automated, online management.