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When a property turns over, it’s a must to do a thorough inspection to catalogue damage that you may have to follow up with previous tenants about, as well as to create repair and maintenance tickets to address normal wear and tear. When a resident needs something fixed (and it’s not an emergency), they should fill out a request form that details their name and property location, their contact information, the kind of repair needed, and the location of the damage within the property. A repair log will include who is making the repair and when, an itemized list of materials and their cost, number of hours spent on the repair, and when the repair was completed. Running a tight ship with property management templates for all aspects of your property management business isn’t just a way to save time and money.

When a property turns over, it’s a must to do a thorough inspection to catalogue damage that you may have to follow up with previous tenants about, as well as to create repair and maintenance tickets to address normal wear and tear. When a resident needs something fixed (and it’s not an emergency), they should fill out a request form that details their name and property location, their contact information, the kind of repair needed, and the location of the damage within the property. A repair log will include who is making the repair and when, an itemized list of materials and their cost, number of hours spent on the repair, and when the repair was completed. Running a tight ship with property management templates for all aspects of your property management business isn’t just a way to save time and money.

The property managers who help to run the small multifamily and single-family rental properties owned by individual investors have been doing their best to keep their clients and residents above water, often sacrificing their own profitability in the process. Owners of small rental properties are less likely to own their properties outright, leaving a larger share of rentals in this category vulnerable to foreclosure in a financial crisis. This is especially true among owners of small multifamily properties (such as duplexes and triplexes), who were less likely to own their properties outright than single-family investors by 21 percentage points. Residents of small rental properties are more likely to have had their income put at risk by COVID-19; less likely to be able to meet their financial obligations when they lose their job; and less likely to be protected by federal aid measures.

Tenant Turner looked at inbound lead data from 2016-2019 and found that the vast majority of leads nationwide came from free online listing sites. Many of the free sites will post your ads automatically if you’re using a syndication feed, so it’s no extra work on your part. Technically, it’s free to list on Apartment List, but if a lead from their site signs a lease, you will be charged a connection fee of $349. The easiest way to get your listings on all the best rental listing sites is by using a syndication feed in property management software, which will post your rentals automatically on countless listing sites (free sites as well as any paid sites that you have an agreement with).