As a property manager, your goal is to fill up your units with tenants and keep vacancy rates low. But with the New Year upon us, you may be wondering how you can attract more tenants in 2023. There are a few key things that you can do in order to get more “doors” – or tenants – in the new year.
By focusing on a few key areas, you can make your property more attractive to potential tenants and improve your chances of filling up your units. Here are some tips on how you can get more “doors” in the new year, with some expert insight from Jason Hull of DoorGrow
Start by setting goals for yourself and your business
As a property manager, setting goals for yourself and your business is important. After all, without a clear destination in mind, it’s easy to get sidetracked or even lost along the way. But what should these goals be?
First and foremost, your goal should be to protect your property and your tenants. This means making sure that you have a robust background screening process in place for all new applicants. By taking the time to verify their identity and rental history, you can help ensure that only responsible, reliable tenants move into your property.
Additionally, you should also set goals for improving the property itself. Whether it’s addressing maintenance issues or cosmetic upgrades, setting aside time and budget for regular improvements will help keep your property in top condition. By taking the time to set goals for yourself and your business, you can help ensure that your property is well-maintained and profitable for years to come.
Get organized and stay on top of your work schedule
It’s essential to stay organized and on top of your work schedule. With so many properties to keep track of, it can be easy to let things fall through the cracks. However, by staying organized and keeping a close eye on your schedule, you can ensure that everything runs smoothly.
One way to stay on top of your work is to use a property management software. This type of software can help you keep track of repairs, schedules, and finances. Also, it can be used to expand your property portfolio. By investing in property management software, you can save yourself time and money in the long run.
Market your properties to new clients
If you’re in the property management business, it’s always a good idea to keep an eye out for new clients. There are a number of ways to market your properties to potential tenants, and with a little effort, you should be able to find the perfect fit for your available units.
One of the best ways to reach new clients is through online listings. There are a number of websites dedicated to property rentals, and by creating a detailed listing you can attract a wide range of interested tenants. Be sure to include all the essential details about your property, such as square footage, number of bedrooms and bathrooms, and any special features or amenities included.
Another great way to market your property is through word-of-mouth. If you have satisfied tenants in your other units, ask them if they know anyone who might be interested in renting from you. This can be an especially effective way to reach potential tenants who might not be actively looking for a new rental property.
By putting in a little extra effort to marketing your property effectively, you should be able to find a great new tenant to rent out your “door” in no time.
Build relationships with other professionals in the industry
As a property manager, it’s important to build relationships with other professionals in the industry. Having a good network of contacts can help you stay up-to-date on industry trends, find new properties, and get referrals. Property managers who are connected with each other can also offer support and advice when needed. Here are some tips for building relationships with other property managers:
– Attend industry events and trade shows. This is a great way to meet other property managers and exchange business cards.
– Join professional associations. These organizations offer networking opportunities, educational resources, and advocacy for property managers.
– Use social media. LinkedIn, Twitter, and Facebook are all great platforms for connecting with other property managers. Follow industry news sources and join online discussion groups.
For extra insight on how to take advantage of your local connections, check out this great video from Jason Hull of DoorGrow, a property manager coaching business.
Stay up-to-date on the latest trends in property management
It’s no secret that the property management industry is constantly evolving. From new technologies to changing regulations, there is always something new to stay on top of. And while keeping up with the latest trends can be daunting, it’s essential for property managers who want to stay ahead of the curve.
One of the best ways to stay up-to-date is to read industry publications and attend conferences and seminars. These events are a great way to learn about new trends and network with other professionals. Additionally, many property management software providers offer webinars and online courses that can help property managers stay up-to-date on the latest features and updates.
Offer value-added services to current tenants
As a property manager, one of your top priorities is to build trust with your tenants. After all, they entrust you with their most valuable asset: their home. To build this trust, it’s important to offer value-added services that go beyond the basics of property management.
For example, consider offering background screening for new tenants. This service can give both you and your tenants peace of mind, knowing that everyone who lives in the building is safe and trustworthy. It shows that you’re willing to go the extra mile to ensure the safety and security of your tenants.
Some other value-added services you can offer tenants include:
– 24/7 maintenance and repair services
– Online rent payment and statement access
– Flexible lease terms
– Discounts at local businesses
– Resident events and social gatherings
– Help with move-in and move-out logistics
– Access to storage units
– A concierge service
By offering value-added services like these, you can build trust with your tenants and create a better overall experience for everyone involved.
If you want to be successful in property management, it’s important to set goals for yourself and your business, stay organized, market your services, build relationships with other professionals, and stay up-to-date on the latest trends. Offering value-added services is also a great way to stand out from the competition. If you’re looking for a reliable background screening service to help keep your tenants safe and your property intact, consider FirstPoint Background Screening Resources. We offer fast, efficient screening services that can give you peace of mind when renting out your properties. Contact us today to learn more about how we can assist your business needs.