Ways a Property Manager Can Help with Hassle-Free Property Rentals

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Ways a Property Manager Can Help with Hassle-Free Property Rentals

Landlords who hire property managers find that it makes their lives easier. A property manager assumes many responsibilities that a landlord would otherwise have to tackle alone. Being a rental property owner is a high-stress job, demanding a lot of time and commitment from the landlord. Recent events, including the Covid-19 pandemic, have made the rental business more complicated, leaving landlords feeling pressured and uncertain if they want to remain in the industry.

Hiring a professional property manager makes a significant difference for landlords who realize that operating privately is not working for them.

Here are ways that having a property manager helps landlords to profit from their rental homes without additional stress:

Marketing and advertising

According to managers at a Colorado Springs licensed property management company like Evernest, A Cut Above Property Management, or Around the Block Realty, marketing, and advertising rental properties is one of the most vital functions a property manager assumes on the landlord’s behalf. Evernest’s team of professional, licensed agents understands the importance of listing rental properties on platforms that reach the widest possible pool of potential tenants. They pay attention to advertisement content, including wording and photographs, to ensure several candidates apply to rent the home. Evernest has an established presence in Colorado Springs, Denver, Fort Collins, and Boulder.

Agents at large property management corporations like Pinnacle Property Management Services and Greystar Real Estate Partners LLC agree that a rental property listing either makes or breaks the transaction. Professional property agents know which platforms to use when advertising a rental home. Their experience also includes drafting advertisements that will attract suitable tenants. They use extensive resources to create marketing tools to get prospective tenants interested.

Tenant selection

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Having created advertisements that reach hundreds of potential renters, interested parties apply to rent the home. A property manager knows better than to accept the first person who applies to rent a home. They work with several applicants, allowing for selecting the best possible candidate. Property managers follow stringent processes to screen and vet potential tenants to ensure their suitability. It helps them find ideal tenants who will stay in a rental home long-term, pay their rent, and not incur undue damage repair expenses.

Among the things a property manager does during the screening and vetting process is contacting an applicant’s employer to verify their employment and salary. The agent also speaks to an applicant’s previous landlord to determine how they behaved as tenants at their last residence. An additional step is subjecting the applicant to a credit history check. This stage is critical as it impacts the tenant’s ability to pay the rent and paints a picture of how responsibly they treat debt. Someone who is overindebted or does not pay their debts is a risky proposition as a tenant.

Lease enforcement

A property manager’s core duty is to ensure that landlords and tenants adhere to their responsibilities as stipulated in the rental agreement. Among the tasks they must complete is ensuring that rent is paid on time each month. Many agents insist on scheduled, electronic payments to minimize how much time they spend chasing tenants to get their money. However, that is precisely what they will do if someone fails to pay. Agents are tasked with collecting rent and must do so by any legal means necessary.

A property manager also conducts regular inspections of rental homes on their books. They perform routine checks to ensure that everything is in working order by appointment with the tenant. Their most intensive inspections occur when a tenant assumes occupancy and vacates the premises. This process plays a vital role in determining whether a renter should get their security deposit back.

Repairs and maintenance

A property management company that oversees repairs and maintenance relieves landlords of their most burdensome problem. Most rental owners agree that the rate at which things go wrong on the rented property is alarming. Many fields call at all hours to deal with blocked pipes, leaking roofs, and structure damage. Having a property manager take care of this aspect of being a rental house owner gives landlords room to breathe.

Property agents responsible for repairs and maintenance ensure that everything at the rental is working as it should. They undertake routine maintenance to ensure that minor problems do not become massive, expensive ones later. Property managers work with contractors and providers who deliver outstanding workmanship at cost-effective prices.

Managing tenant relationships

Landlords and tenants often butt heads because they build a personal relationship instead of keeping their interactions professional. This tendency complicates the relationship, leading to much unpleasantness that can be avoided by hiring a property manager.

Property managers serve landlords and tenants, protecting their rights and ensuring they fulfill their obligations as included in their rental agreement. Agents work as a bridge between landlords and tenants, keeping emotions out of the equation. They maintain cordial relationships with both parties, behaving professionally throughout their interactions.

Shipping Checklist For Your Business On Peak Shipping Times

Resources from Small Business Coaching

Don’t make the mistake of neglecting the preparation aspect of any business. Peak shipping season is a great opportunity to gain more profit. Now, you can get organized with our shipping checklist to be in tip-top shape when it rolls around.

With small business shipping, being organized and on top of things is critical at all times. The margins on your business are not usually that big, so you need to ensure you always bring your A game. However, during the peak season, it’s even more essential. 

Disappointing customers and annoying suppliers during the busiest periods can easily give your business a negative reputation that could last throughout the quiet periods too. This could be hugely detrimental to your business, and cost you a fortune in sales.

Peak Shipping Times Checklist For Your Business

So, how do you get your business prepared for peak shipping season? Let’s take a look:

1. Set Your Shipping Checklist Guides According To The Season

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Whether you’re planning your own stock levels and ordering, or you’re providing shipping guides to customers, you should never have a one-size-fits-all approach. Things will change depending on the time of year and the general volumes of items being shipped. Just like a hotel will have peak and off-peak rates for their rooms, you should have peak and off-peak shipping season guidelines as part of your business processes.

Peak seasons can also vary slightly depending on what industry you’re in and what is being shipped. For example, on the consumer side of things, peak season will be November to December as people gear up for the holiday season. However, the retailers will need to gear up in the months before that, meaning their main shipping season is August through to October.

Over the Christmas period, it’s also a good idea to clearly provide details as to when the last order can be placed so that it will be shipped in time to give as a gift, or use over the holidays. Being open about this up front with your customers will alleviate a lot of heartache and worry. Plus it will provide your customers with a good user experience as they know whether or not their expectations will be met. No one likes not knowing if the gift they ordered will arrive in time!

2. Ship And Store What You Can Early

Shipping during peak season can also bring with it a hefty price tag. The demand for shipping lanes and transportation goes up and those providing these services can increase their rates (and usually do). If you have any products that are not perishable and can be shipped before you hit the peak season, it might be far more cost effective to do so.

Shipping early will come with other implications, especially the cost implication of storage at the receiver’s end. You may need to look into getting a warehouse space, which costs money. However, this could still be less than the increased shipping fees. Do your homework about small business shipping timings and plan accordingly.

3. Stagger Your Shipments Based On Need

What can often hold up a shipment, especially in the busier peak times, is that an entire order can’t be made ready at the same time. This means that one part of your order is sitting waiting and won’t be shipped to you until it is complete.

Instead of placing your regular orders, look critically at what is urgent during the peak period and only order that. You can talk to your suppliers about sending part orders so you don’t completely run out of something.

If you are shipping orders to customers, consider setting up a similar option for part orders. If you speak to regular customers early on about stock issues or potential issues with shipping, you can usually find a way around the concerns together.

4. Be Aware Of The Impact Of Holidays In Regards To Your Shipping Checklist

During the peak holiday season, there are fewer working days. This means that there is a higher demand for items to be shipped, and fewer days in which to make those shipments.

The impact of this could mean a longer time for an item to arrive or a higher price tag attached because the shipping company has to pay employees to work over a holiday. There are strict regulations around this in the trucking industry and other shipping methods so it’s a crucial item to add to your checklist.

5. Change Up Your Shipping Methods

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Before demand for couriers and shipping goes up over the peak season, you may want to shop around and see what other options there are. You don’t always have to use the same company or method to send your products to customers or to get items from your suppliers. You should also consider seeing if the companies you use have flexible options.

For example, if you don’t mind the products arriving between 15 and 20 days, rather than arriving within 15 days, you might get a better rate on shipping. This is because the shipping company then has a bit of breathing room to work around the massively varying shipping requests coming in during peak season.

You can also consider creating your own small business shipping delivery methods if it’s possible. Look into the logistics of hiring a driver and a van for the peak season so that you can stay in control of what you deliver to your customers. It doesn’t have to be a permanent solution – just something to help you stay on top of things when they are busy.

6. Insure Your Shipping To Prioritize Your Shipping Checklist

This often seems like an unnecessary extra cost, but it can help your business to survive if a shipment goes missing or is delayed. In peak shipping season, it is far more likely that you will face one of these scenarios and that can do real damage to your ability to make money.

With proper shipping insurance, you can easily make claims and cover any losses that are incurred. This extra peace of mind can help you to thrive through the busy seasons and grow through the quieter periods.

Peak season can make or break your business. If you ensure you are prepared for peak shipping season, you should reap the rewards. Your bottom line will improve and your customer service and satisfaction ratings will too.

Questions to Ask to Develop Your Brand Identity

Brand identity plays a crucial role in the growth and retention of the customer base. It is defined as the perception of a person about the brand. To launch your product in the market, you must first develop a brand identity. People often think the brand identity and branding are similar; that is not the case in reality.

Branding is actually done to create a strong brand identity among the masses. So you can establish a brand identity after doing effective branding campaigns for your product. Various components constitute to develop a brand identity that includes the visual look of the brand, brand voice, brand values, brand personality, and brand message, most importantly. To create a lasting brand identity, all these components must be present in a product.

Questions to Ask to Develop Your Brand Identity

While developing a brand identity, there are a set of questions that you must ask. Here we shall discuss a few of the questions that must be taken into account.

Who will be your ideal customer?

It is important first to identify the ideal customer for your brand. Determine the customer’s priorities that whether he/she wants an economical cost of the product or their focus is a high-quality product. Identify all the concerns of your ideal customer and then design a brand identity of your product.

Is your brand is solving a problem?

It is a common observation that nobody buys any product without a reason. Mostly people buy certain products to solve their problems. It is recommended to bring any such product that addresses the customer’s need and instantly solves their problems. In this way, your brand will develop a relationship to the customer. Identify the issues of people and build your brand based on these problems. Your brand must offer a solution to the existing issues of people.

What will be the personality of the brand?

Like humans, brands do have a personality that leaves a lasting impact on customers. It is because of the brand personality people are able to perceive the feel of the brand. To create the personality of your brand, you may take help by identifying the personality traits of your own self. Successful brand identity is established when people are able to relate to the brand on a human level. There are various brands in the market that you must have perceived a specific tone and personality about.

Who are your competitors?

Competitors are the best learning medium for any business. It is recommended to analyze your competitors. Identify the strengths and weaknesses of their brand. Take a look at their branding strategy and opt for the ways that are good for your brand. There are all kinds of brands in the market ranging from poor to good to very good. Analyze their strategies in designing the logo, consistency, originality, and other factors across all platforms. Please pick up the good lessons and implement them in your strategy while ignoring the bad points. Do not make the mistakes that your competitors have made in and for that, you have to analyze your competitors thoroughly. In this way you shall be able to establish a strong brand identity that will stand out.

What is the feeling of your customers?

The most important aspect for any band is how their customers feel about the brand. You can analyze the emotions of your customers when they interact with your management team whether remotely or face to face. The way they talk about your brand has a lot to say about your brand identity. By careful analysis of customers’ interaction, you can develop a visual identity of your brand with a unique logo using different fonts and colors.

Is your brand unique?

While establishing a brand identity, it must be kept in mind that your brand must offer something unique that other competitors are not offering in the market. Choose a specific niche and work on that. Even if you have established similar brand that is already in the market, then bring a difference in its characteristic that must be felt by the customers. You can take inspiration from different brands that are working in order to bring uniqueness in your brand.

Has your brand built a trust factor?

It is recommended to conduct the surveys and interviews of your customers asking them the reason to choose your brand and trust it.The reason of trust on your brand will help you in establishing the brand identity. There ca be various reasons including flexibility, transparency, expertise and many more. In this way you shall be able to develop a brand identity that will appeal to the masses. For instance, Rehan Services is a plumbing services company that has built the trust among the masses because of its effective work.

What is your brand story?

There is always a brand story behind every brand. It is your job to glorify that story in the eyes of masses and make your brand a super hero. This story shall be having the reason to develop the brand or your inspiration behind creating the brand.

Author Bio:

brand identityArslan Haider is author of the above blog. He is a Senior SEO Expert at MediaHicon (deals in SEO services). Apart from that, he loves to post blogs with valuable content.