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Property Manager Best Practices: Planning Ahead

By October 2, 2017 April 1st, 2019 No Comments
Rental Property Management Tips > Staying Organized

As the property manager of various rentals, it can be overwhelming to manage day-to-day tasks, let along plan ahead for the future. However, simple strategies can make all the difference when it comes to setting yourself up for success. In this installment of our article series regarding property management best practices, which includes tips for attracting the best tenants and finding your niche, we’re going to provide a detailed guide on time management techniques that will put you ahead of the game. Before reading on or adopting any of these policies, ensure you carry a Delaware Property Management Insurance policy to curb your financial risk should something go awry.

Connect with staff.

Big picture goals start with the day-to-day accomplishments. Say, for example, that there’s a new development that’s beginning construction in one of your prized areas. Connect with staff to get on the same page, share information, and overcome potential obstacles associated with a new building or shopping center. This will ensure you are not only prepared for the day, but you can start making plans for the future as a group.

Prioritize lists.

Make a list and prioritize your tasks for the day. Ideally, you’ll respond to maintenance requests and then place calls regarding vacancies to address critical needs first.

Utilize resources.

Technology is a wonderful time saver, and if you aren’t already utilizing the many different applications that technology provides, it’s time to get up to speed.

Tools like electronic calendars, appointment reminders, texting, electronic banking, and social media all make you more efficient when you know how to use them wisely, says Rent Prep.

Being a property manager can be daunting, but implementing these tips can ensure you get the job done, keep your head above water, and set your business up for success for years to come.

About IFS Insurance

At IFS Insurance, we specialize in protecting various types of property managers throughout Delaware, New Jersey, Pennsylvania, and Maryland. Our quality solutions include General Liability, Errors & Omissions, Tenant Discrimination Coverage, Property Coverage, and more. We are committed to excellence and a personalized approach to insurance. For more information about our products, we invite you to contact us today at (800) 598-0420.