article thumbnail

How to minimize tenant turnover using online property management tools

Housing Wire

Tenant turnover happens when the current tenants move out of a rental property and the property is now vacant and it needs to be prepared for new tenants to move in. Turnover is one of the most costly aspects of the property management business, with the average turnover costing more than two thousand dollars.

article thumbnail

What are the top software tools for property managers?

Realty Biz

Property management software is designed to help manage real estate with tools that assist in handling tenants, finances, maintenance, and more. Yardi Voyager : A comprehensive property management solution that offers tools for managing properties, finances, operations, and leasing activities.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Property Management Software is Dead: Welcome to REM

GeekEstate

In spite of new software innovations, the property management industry continues to focus on the number of units under management because it’s beholden to the property management overlords who made it so. Software built solely to support property operations is now over-built and far more expensive than necessary.

article thumbnail

83 Questions to Ask Before Hiring a Property Manager

Norada Real Estate

You don't have to tell us, finding a good property management company is hard. When we first started investing in residential real estate we went through several property managers, struggling to find one that was truly exceptional. General Property Management Questions 1) How long has your company been in business?

article thumbnail

How to Become a Property Manager in 7 Easy Steps

The Close

In my 28-year real estate career as a broker and coach, I have worked with many agents who have asked about either adding property management to their current business or becoming a full-time property manager. From the outside looking in, property management looks easy.

article thumbnail

Opinion: More can be done to shorten the average time to close

Housing Wire

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” But there’s also room for improvement.

Closing 410
article thumbnail

Top indie brokerage John L. Scott acquires Sterling Johnston Real Estate

Housing Wire

The acquisition did not include SJA Property Management , Sterling Johnston’s property management arm. As a result, the company will continue to manage its portfolio of over 900 properties in the Seattle area independently. billion in sales volume across 16,502 transaction sides in 2023.

Brokerage 281