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Property Managers Going Without Insurance is Not Worth the Risk

by Kasey Green, Compliance Coordinator

In December 2017, the Rental Protection Agency reported that the increasing growth rate of new renters means about 2,654 individuals are entering the rental market every day. Property Managers are seeing some of the strongest numbers in recent decades with rental households consistently increasing and demand outnumbering supply. With data like this, whether you are just starting out or have been managing properties for years, it’s a great time to be a property manager. However, no matter how stable your situation is, unplanned risks can turn your business upside down. Theft, lawsuits, environmental liabilities, injuries by tenants, and property damage are just a sampling of the hazards property managers can face in their daily operations. Guard against these dangers by getting the right insurance coverage for your risk profile. Read More...

2018 U.S. Rental Housing Market Forecast

January 29, 2018
by Brian Birdy, PMI Vice-President

I enjoy reading the housing market forecasts each year to see what changes might affect my property management business, but I rarely make major business decisions based on these forecasts. By just looking at last year’s forecast it is easy to see how these are indicators of what might occur in the market. The 2017 housing forecast predicted: more inventory, a moderate price growth, an increase in new construction, and rise in mortgage rates. Very little about the housing market went as forecasted in 2017. Instead, we saw inventory tighten, home prices rise, continued low mortgage rates, and the pick-up in construction did not occur until the end of the year.  Read More...

Evictions: How to Avoid Them

January 9th, 2018
By Jim Dangerfield, General Support

Evictions are one of the most challenging events for both landlords and tenants, they are emotionally draining and can be costly for everyone involved. Proactive property managers will want to ask themselves “How can I avoid evicting anyone?” Here are a few of our top tips for making sure you never have to worry about pushing your tenants out the door. Read More...

Marketing Your Property Management Business during the Holidays

December 15, 2017
By Cassie James, PMI Public Relations Manager     

The winter months tend to be the slowest of the year for the property management industry. Tenants usually want to avoid moving out during the holidays, and many property managers see this as a welcome break from the regular grind, but wise property managers know that the holidays are an ideal time for growing your property management business through marketing.  Read More...

How Do You Prepare Your Rental Property for the Holidays?

November 30, 2017
by Randall Henderson, PMI Executive Director of Training

The holidays are a wonderful time of year, but with the festivities, traditions, and decorations come a new batch of scenarios and potential damage risks for property managers to deal with. Make sure you and your tenants are ready to relax and enjoy your well-earned celebrations by being prepared for any curveballs the holidays might throw your way.  Read More...

Growing Your Property Management Business: These Days, A Lot Comes Down to Software.

November 16, 2017
By Guy Lyman

Until as recently as a decade ago, growing your business was mostly about dedication: attention to detail, responsiveness, market knowledge and people skills.

But these days, a new “growth factor” has become just as important as any of these qualities: the software you use to run your business. Good software boosts customer service while drastically reducing time spent on day to day paperwork, inspections, marketing and other responsibilities – allowing you to effectively compete for new business and easily manage more doors with fewer people.  Read More...

PMI Franchises Are A Great Fit For Veterans

November 10, 2017
By Brian Birdy, PMI Vice President

As a veteran of the United States Air Force, I know how the skills and discipline gained in military service prove to be invaluable when going into business after retirement. My second career was building my own property management business, and while it didn’t start out as a franchise, I can clearly see why a franchised business is a wise choice for veterans.  Read More...

5 Ways To Use Facebook To Boost Your Property Management Business.

by Doug Heath, PMI Social Media Coordinator

Because nearly 90% of Americans actively use Facebook, the social media platform is now one of the most powerful digital marketing tools available to property managers. Just pull up Facebook, pick any business with real clout, and search their name. Not only will they have an account, you’ll find that they actively use it. If you haven’t set up a page for your property management business yet, you’re missing out on the opportunity to reach a gold mine of potential property owners. Read More...

Highlights from PMI Summit 2017, Our Annual Property Management Inc. Franchisee Convention

Last week, Property Management Inc.’s franchisees, corporate employees and partner vendors came to Utah’s Rocky Mountains for our annual PMI Summit. Randall Henderson, PMI Executive Director of Training, said, “What an amazing opportunity for us to gather, learn, network, and share last week at Summit. We at corporate thoroughly enjoyed seeing so many of you there. The feedback has been incredible. Thank you for making the event so memorable!”  Read More...

Is a Velociraptor a HOA Violation? Issuing Homeowner Association Fines to Residents

By Blake Sanford

Hey everybody! I've got a question for you. If I were to take this dinosaur and put it in my front yard would that be a violation in my Association or not? Read More...

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