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8 Questions to Ask a Prospective Property Management Agency

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Ever since the year 2019, property rentals are up by 3.7 percent. As rentals soar, you may want to consider hiring a manager through a property management agency.

Not only do these professionals help you find quality properties, but they can scout for trustworthy tenants. Both of those assets can benefit you as a landlord. After deciding to hire a property manager, the next step is finding a reputable company you can trust.

To do this, you must ask a series of questions and consider several factors to ensure you make the right choice. Want to know all about hiring a property manager? If so, keep reading our informative guide. 

1. What Are Your Credentials? 

Each state has its own set of rules and regulations for property managers. Along with those rules, the licensing and credentials vary.

So, credentials may change depending on your location. Take some time to hop online and use your web browser to see what your state requires of a property manager.

Some areas do not require a full license, while others will. That said, it would be to your benefit to inquire about a license anyway.

Even if your state doesn’t require it, the company may. That would show that the property management business takes its role seriously and hires only the most qualified employees. 

2. Do You Have References?

The next question you want to ask is whether they have any references to give you. Reputable property management agencies will be more than happy to detail a list of numbers from past or current clients.

You can go ahead and call those people up to see what they have to say about their experience with the company. However, if they do not have any references, you can always perform research by yourself.

Get online and type in the property management company’s name. Look at websites like Trustpilot, Google Reviews, Angie’s List, and Glassdoor. You want to use a few different review websites.

The reason for this is because one website will not give you a well-rounded view of the company. Instead, read reviews, both good and bad, from every review site you can.

That way, you can pinpoint recurring issues or positive traits across the board. You can also ask your colleagues whether they use the same company or not.

As a landlord, you probably know others in the business. Inquire about whether they use the company and if they enjoyed their experience with their property manager. 

3. Do You Have a Portfolio?

Ask if you can see a portfolio that details their experience with finding homes and tenants. Sometimes, they will showcase this portfolio online. So, before you call, check their website to see if they list a portfolio.

If not, that isn’t a bad sign. Some people do not include a portfolio on the web, but they are more than happy to send it to you.

Once you get the portfolio, take your time to flip through it. You want to see what types of homes they manage and how well the managers work with the tenants. 

4. Is Your Team Familiar With the Market Trends? 

There are trends that people follow on the market. People determine these trends by basing them on what styles and features people look for when renting a home.

For instance, what exterior paint color is popular these days? For a while, it was a light grey. People from all over wanted to rent a home that color. So, when you call the company up, ask them about current trends.

Listen closely to their answers to see if they are up-to-date with current events involving the housing market. The market is an ever-evolving system, so you want a property manager who can keep up with the times. That way, they can find available spaces that are stylish and will draw prospective tenant’s attention. 

5. How Will You Determine Clients?

The next thing you need to know is how they source their clients. What goes into their application process? You do not want a manager who will allow anyone to rent a space.

Instead, ask how they determine what clients to approve. They should have a system and credentials. For instance, the property manager should do a full background check on every party looking to rent the space.

After that, they need to check their credit scores to ensure the prospective renters are legitimate. The last thing you want is for someone to skip out on the rent.

Be sure that their application and the rental process are as detailed as possible. That way, you can ensure good tenants. 

6. How Will You Collect Rent? 

Again, a property manager should be up-to-date with the latest technology and solutions software. The days of collecting physical money are over.

Ask the company what software they use for monthly rent payments. By implementing an online rent payment system, you make it easier for your tenants to pay their fees. 

7. How Will You Handle Maintenance?

Everyone will need maintenance at some point. How your property manager handles those requests will determine your tenant’s happiness.

Some managers do not respond to requests, or they take their time to fix the problem. To ensure satisfied tenants will re-sign their lease, get a property manager who fixes maintenance issues on time. 

8. How Are You Different From Everyone Else? 

What makes the property management company unique? There are thousands of businesses out there.

So, why should you hire a manager from this company? Any outstanding business will tell you why they differ from everyone else in terms of customer service, quality of rental properties, and tenants. 

More on Hiring a Property Management Agency and Real Estate Tips 

As you can tell, there are several questions you should ask before settling on a property management agency. You always want to ensure they have a large staff size and a portfolio for you to peruse and check out.

Remember, the best quality property management will tell you all the ins and outs of their company. We hope this article helps you decide on what management company to choose.

Did you enjoy our post? If so, we invite you to continue reading the rest of our blog for more real estate tips and tricks! 

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Home Office Haven: 6 Tips for Putting Together Your Perfect Home Office

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Home Office Haven

Working from home has become increasingly common, and having a well-designed home office can make a big difference in your productivity and job satisfaction. Whether you’re converting a spare room or carving out a corner of your living space, here are seven tips to help you create the perfect home office.

1. Choose the Right Location

The first step in setting up your home office is finding the right spot. Look for a quiet area with minimal distractions and plenty of natural light to keep the good vibes going. Consider using a spare bedroom, a section of your living room, or even a converted closet if space is tight.

If you’re in the process of buying a new home, take the time to explore display homes to get ideas for potential office spaces. This can help you envision how different layouts might work for your needs.

2. Invest in a Good Chair and Desk

Since you’ll be spending a lot of time in your office, it’s crucial to have comfortable, ergonomic furniture. Choose a chair that supports your back and allows you to keep your feet flat on the floor.

Don’t be afraid to try out different options before buying. A standing desk or a treadmill desk might be worth considering if you want to reduce the amount of time you spend sitting.

3. Organize Your Space

A clutter-free workspace can help you focus and be more productive. Use shelves, drawers, and storage containers to keep your supplies organized and easily accessible.

Consider using a filing cabinet for important documents and a cord management system to keep cables tidy. Make sure to label everything clearly so you can find what you need quickly. Remember, a place for everything and everything in its place.

4. Light It Right

Good lighting is essential to reduce eye strain and maintain your energy levels throughout the day. Bring in natural light whenever possible. For darker days or evening work, use a combination of overhead lighting and task lighting, such as a desk lamp.

Also, avoid placing your computer screen directly in front of or behind a window to prevent glare. If you can’t avoid this, consider using curtains or blinds to control the light.

5. Create a Background for Video Calls

With video calls becoming a regular part of many jobs, it’s important to have a professional-looking background. Choose a wall in your office to serve as your video call backdrop.

Keep it simple and uncluttered, but consider adding a few tasteful decorations or a bookshelf to make it visually interesting. If you don’t have a suitable wall, you can use a room divider or hang a curtain to create a makeshift background.

6. Think About Your Tech Needs

Finally, make sure your office is set up to meet your technology needs. This might include:

  • A second monitor if you often work with multiple windows open
  • A good quality webcam and microphone for video calls
  • A printer, if you frequently need hard copies of documents

Don’t forget about power needs – make sure you have enough outlets for all your devices, and consider using a surge protector to safeguard your equipment.

Create a Space That Works for You

Creating the perfect home office takes some thought and effort, but it’s worth it in the long run. A well-designed workspace can boost your productivity, reduce stress, and make working from home a more enjoyable experience.

Remember, your office should be tailored to your specific needs and work style, so feel free to adjust these tips to suit your situation.

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The Perfect Domain: What to Consider When Choosing Yours

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The Perfect Domain

The domain name may seem insignificant to business owners new to the online game. After all, it’s just a sequence of characters that contains your business name, right? How important could it be? The customers will figure it out in the end…

Well, you may be surprised to learn that it actually plays an integral role in your marketing strategy. For many customers, your web address is the first impression it has with your business, and therefore it must be easily-memorable and searchable.

Otherwise, they may give up on visiting your website before they’ve even really considered your awesome product offering!

With this in mind, here are some important considerations when choosing your web address:

  1. It should be simple

When it comes to domain name registration, nothing is more off-putting to a customer than a convoluted web address. They should be able to hear your web address from a friend or see it on a flyer before immediately searching it on their smartphone or, at the minimum, be able to remember it upon returning home.

Let’s say you run a technology repairs store called “Easy Technology Repairs”. Sure, you could include all of this in your web address and make it read something like “www.easytechnologyrepairs.com.au”. But it’s simply far too long and the customer will likely have a hard time remembering all that when it comes time to choose your service to fix their television.

Instead, you could choose something as simple as “www.easytech.com.au” and the customers will have little trouble remembering it when they jump on the train or get home to their laptops. A simple and easily-memorable web address makes it much easier for the customer to remember and this will help drive conversions.

  1. It should typically only contain letters

With the exception being if your actual business name actually has numbers in it. Let’s say you run a travelling tailor and dry cleaning company called “Tailors To You”. Sure, the web address “www.tailors2you.com.au” may look sleek, but it can also confuse the customer who has already seen your name spelled “Tailors To You”.

Therefore, when they go to type the web address “www.tailorstoyou.com.au” and find that it doesn’t come up with your website they will be immediately deterred and look for your product through a competitor. Therefore, you should only include numbers (and special characters for that matter) if they are actually included in your business name!

  1. It should pertain to your business

There is nothing wrong with including a special keyword in your web address if it actually pertains to your business. For example, you run a pool building company called “Sweet Summer” but don’t actually have the word “pools” in the business title.

One of the best things you can do here is include the keyword “pools” in your web address to make a web address like “www.sweetsummerpools.com” to ensure that both your clients and search engines like Google know what kind of content can be found on your website.
This will not only make it easier for prospects to remember your web address, but it also works well for Google, who absolutely loves knowing what kind of content can be found through a business’s web address. The search engine will have little trouble categorising your website and will therefore be likely to rank it higher in the search engine results pages!

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Top Tips for Enhancing Human Resources in Your Business

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Top Tips for Enhancing Human Resources in Your Business

Human resources are the backbone of any successful business. Your employees drive growth, innovation, and productivity for your company. Investing in robust human resource practices is essential for attracting top talent, motivating your team, and developing the skills of your people over time.  Now more than ever, employers need to go above and beyond to recruit, retain, and get the most out of their staff. Here are some top tips for enhancing human resources in your business.

Invest in Ongoing Training and Development

One of the best ways to get more out of your human resources is to continually develop their skills. Look for opportunities for on-the-job training, mentorship programs, and external courses or certifications that align with your business goals. Support your team by providing time and financial assistance to help them upgrade their capabilities. The more you invest in training today, the more agile and effective your workforce will be in the future. It’s especially important to train managers and team leaders on leadership, communication, performance management, and team-building skills.

Pursue a Masters in Public Administration Online

One powerful way to boost your human resources leadership is by pursuing a Masters in Public Administration (MPA) online. MPAs focus on topics like organizational behavior, labor relations, stakeholder collaboration, and evidence-based human resource management. An MPA helps you drive HR strategy, resolve complex workplace issues, and contribute at the executive level. Look for an accredited MPA program that works for your schedule. Quality masters in public administration online options offer evening/weekend courses, accelerated formats, and 100% remote learning. Invest a year or two earning this degree, and your HR expertise will grow exponentially.

Offer Competitive Compensation and Benefits

Today’s top talent knows their worth and will shop around. Make sure you offer competitive pay, bonuses, healthcare, retirement planning, and other benefits tailored to your industry and region. Go above the required minimums when you can, as generous comp and benefits are highly attractive to job seekers. You want people to join and stick around at your company. Review your compensation structure regularly and get creative with benefits like flexible work arrangements, professional development funds, and expanded leave policies.

Create a Positive Company Culture

Don’t underestimate the importance of crafting a supportive, engaging, and fun workplace culture. Things like your mission and values, leadership style, team bonding opportunities, and physical workspace design all influence the everyday employee experience. When people feel motivated and connected to their team and company, they will sustain higher job satisfaction and productivity over time. 

Leverage Work Analytics

Business intelligence is key for data-driven HR strategy and decision-making. Track key metrics like employee retention, absences, productivity, satisfaction scores, promotion rates, and other KPIs. Identify trends and correlations that give you insights, such as which managers have the happiest teams or what factors drive turnover in your company. Workforce analytics enables you to pinpoint bright spots and pain points and then address them. 

Getting the most from your human capital requires forethought and investment. Use these tips to enhance HR capabilities. By taking a strategic approach and dedicating resources to your workforce, your organization will be well-positioned for future growth and success. 

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