Networking with other Property Owners

There are so many ways for landlords and property managers to network with each other via various internet channels. Why should you want to stay connected with other rental industry experts?  Here are just a few ways that networking can enhance your real estate investment business:

Keeping Vacancies Minimal

Nowadays, you can utilize social media networks and certain internet group forums to advertise a rental unit to a massive audience. If you are connected to other property managers and real estate professionals on social media, they can share your rental listing with their followers, expanding your reach even more. The more people who view your rental property online, the better the chances are of renting it out quickly.

Online Groups Help you Get Answers

There are many groups on sites like LinkedIn, Google+ or Facebook geared specifically for landlords, property managers, real estate professionals, etc. If you sign up and join these groups, you’ll be able to get tons of free advice from other industry experts. You can get ideas on various topics, from how to stage a small space, to how new laws might affect the terms of your lease agreements.

Establish Yourself as An Expert

Networking with other property management insiders can also help build your credibility as an expert within the rental industry as you offer advice to others. You can also answer questions in group forums, or share things you’ve learned  from your tenants. You can also offer to guest blog for another website, and reach out to a new audience who wasn’t familiar with your business or properties.

For more info on how to successfully network with other landlords , or to get the best credit report for landlords, visit ATS Inc’s website.

Offering free perks to tenants can strengthen relationships and reputation

The largest landlord in the U.K.’s Peterborough area is offering its 10,000 tenants free IT training this fall. Cross Key Homes will be providing the free training to any tenants who want it. The effort is an attempt to provide a service the company believes is critical to today’s lifestyle.

“We believe that it is essential that our tenants are able to use computers and have access to the internet,” Tracey Croucher, community program manager for Cross Key Homes told The Peterborough Telegraph. “In these changing times so much is being done via the internet from job applications and shopping to applying for benefits. These courses will show tenants that computers and the internet are not as scary as they might seem.”

The initiative is an excellent example of how property managers can do more than make sure the rental property they manage is kept clean and its residents are happy. Giving tenants more for their money, in this day and age, is a worthy goal and can foster a deeper sense of satisfaction and loyalty to the property and the property manager. When tenants are given something above and beyond what they’re expecting, their favorable opinion of a property manager skyrockets. And with today’s social media outlets, those opinions quickly spread, becoming public opinion.

Is there a service or special amenity you think your tenants would appreciate? Chances are it wouldn’t take a lot of effort to make a huge, lasting impact on tenant-landlord relations.

Visit ATS Inc's website to learn more about our tenant screening services

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Presence of lead-based paint must ALWAYS be exposed

Another property management company has come under fire for allegedly not disclosing to tenants the presence of and/or their potential exposure to lead-based paint. CRM Rental Management in upstate New York is facing $140,000 in potential fines from the Environmental Protection Agency for 43 separate instances that took place across four buildings that the company manages.

EPA regulations require real estate management companies and property owners who sell or rent housing built before 1978 to provide renters or buyers with a form that contains a warning about the dangers of lead-based paint and discloses information about its presence. Tenants or buyers must then verify that they received the required warnings.

It’s a standard notice that is given to tenants and included with the rental agreement paperwork. It must be signed or initialed by the tenant, typically done at the same time they are signing the lease. Following the letter of this law can save landlords and property managers huge fines and legal troubles. But more importantly, it can save the health and lives of tenants, particularly children, who are most susceptible to lead poisoning. There’s simply no plausible explanation or reasonable excuse for not following the law here.

http://www.alwaysscreen.com/