12 Genius Email Tips To Help You Master Property Management

Written by Apartment Management Magazine on . Posted in Blog

By Max Glassberg, YardiBreeze

In the competitive landscape of property management, effective communication is your edge. It’s not just about sending emails. It’s about standing out and building trust. With tools like Yardi Breeze, you can differentiate yourself from competitors, engage prospects and foster lasting relationships with current renters. These email tips unveil key strategies to optimize your outreach, ensuring you’re not just heard, but remembered. Use these practical email tips to help you master the art of property management.

Legal Corner

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By Michael A. Brennan, Esq., Brennan Law Firm

Question.     I just purchased a small building and I’m trying to determine the names of the tenants living in the units. I did receive rental agreements during escrow, but the tenant information doesn’t seem to line up with the tenants living in the apartments. I can’t even seem to find the telephone numbers for several of the residents. I’ve purchased properties before, and I know the importance of reviewing the files and doing thorough due diligence before closing escrow. Usually, I am much more thorough before closing but, in spite of the sloppy record keeping, this was a good deal and the seller needed a fast close.  Now that I’m the owner, is there anything I can do to clean up the records?

The Failure of Housing First: How Bad is It and What Can We Do Better?

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By Tim Campbell

This is Part One of a two-part review of Housing First.  Part One details how badly Housing First has failed. Part Two will look at successful alternatives.

Before critiquing Housing First’s performance, we need to look at its history, then define what it is and what it’s supposed to do. Housing First was developed in the early 1990’s by Dr. Sam Tsemberis, a faculty member of the Department of Psychiatry at New York University’s School of Medicine, based on his research on the positive outcomes when people were housed before receiving supportive services.  At the federal level, Housing First was adopted as a service model during the George W. Bush administration and became HUD’s mandatory funding model for homelessness programs in 2013. In 2016, California made it a cornerstone of its funding to local governments. It has been supported by the federal and state administrations of both parties.

Protecting Your Multifamily Business from Fraud

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By the Team at Entrata

Fraud in the multifamily industry today is rampant. It’s not a matter of “if” you’ll experience fraud, but “when.” If you aren’t taking the necessary measures to prevent fraud from happening and mitigating the risk of potential fraud, you’re opening a pandora’s box that could lead to lost revenue that you may never recover.

While technology introduces the potential for more fraud to occur in the multifamily rental business, there are strategies and tools that when implemented, can significantly reduce your risk of potential fraud. Throughout the rest of this article, we will outline best practices you can follow for mitigating risk of potential fraud by rental applicants.

California Legislature Punts on Badly Needed Insurance Fix

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By Steven Greenhut

The basic rule of thumb in the California Legislature is that lawmakers will spend the bulk of their time meddling in areas they should avoid while steadfastly not addressing the matters they should. So as the Legislature finishes up until next year, it’s not surprising that legislators were busy, say, boosting the minimum hourly wage to $25 for health care workers, forcing companies to reveal their “carbon footprint,” and requiring employers to give earlier layoff notices.

The fight for Proposition 13 heads to the ballot

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By Jon Coupal, President, Howard Jarvis Taxpayers Association

Despite the popularity of Proposition 13, the California Legislature passed two proposed amendments to the California Constitution that rip huge holes in that iconic taxpayer protection overwhelmingly approved by voters in 1978.

But here’s the good news. These anti-homeowner bills must be approved at a statewide election and, given the anger from thousands of constituents who flooded the Capitol with calls, letters, and petitions, the two measures are likely headed for the defeat they so richly deserve.

How to Make Smart Real Estate Investment Decisions with a 1031 Exchange

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By Dwight Kay, Founder and CEO of Kay Properties and Investments

If you are a real estate investor, the 1031 Exchange is potentially one of the most powerful wealth-building strategies you have at your disposal. Sometimes called a tax-deferred exchange or like-kind exchange, the 1031 Exchange is a provision outlined in the Internal Revenue Code (Section 1031), which outlines how real estate investors can defer capital gains taxes on the sale of investment properties by reinvesting the proceeds into another “like-kind” property. In order to successfully complete a 1031 Exchange, real estate investors must follow very specific rules.

Part 2: Tech Supports Today’s Property Owners for Better Investment Health

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Provided by the Livable Content Team

Note: This is part two of our series on technology innovations that help property owners and managers get the most from their investments. 

In part one of our ongoing series, we explored the benefits of Azibo’s online management system and Livable’s platform to recover master-billed utilities. In this edition, we’re going to explore two more amazing online management platforms: Renter Insight and Innago. Renter Insight is perfect for the Housing Provider who wants enterprise-level tools at an IRO-friendly price point, while Innago has a specialized feature that uniquely serves student housing providers. Read on to explore the unique features of these applications and how each can help grow your business. 

Dear Maintenance Men:

Written by Apartment Management Magazine on . Posted in Blog

By Jerry L’Ecuyer & Frank Alvarez

Dear Maintenance Men:
When is the best time to do an annual roof inspection?  Can you give me some pointers as what to look for when I inspect the roof?

Dear Tom:
The best time is before it rains!  However, we find summer and fall to be most the prudent time to inspect and repair the roof.    In other words, don’t wait to do roofing work after the first rains of winter.  The roofing contractors will be very busy and costs may go up or you may have to wait in line for the work to get done.   Inspect the roof during the summer and fall and get the roofing work done before it becomes an emergency. 

There They Go Again and Here We Go Again! NO More Rent Increases on Vacant Units?!!

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By Daniel Yukelson, Executive Director, Apartment Association of Greater Los Angeles

As the late, great President of the United States, Ronald Reagan, once said: “There you go again!”  And, there we go once again.  Not much more than a few years after nearly two-thirds of California’s voters rejected both Propositions 10 and 21, backers of these strict rent control measures have again garnered the number of required signatures to qualify virtually the same rent control measure for the November 2024 ballot.  Like the two proposed ballot measures in 2018 and 2020, we must now go to battle and defeat this latest attack on rental housing providers!