A successful real estate professional with considerable experience in the Salem, Oregon, area, Paul Kerley leads Commercial Property Resources. In this position, Paul Kerley maintains a heavy focus on the property management aspect of real estate. As property managers can attest, managing properties in an effective way requires streamlining activities whenever possible. Here are three ways to help your property management business cut costs and save time.
Go electronic: Although many real estate agreements are still carried out with paper and pen, the industry is quickly moving toward electronic record-keeping. Property managers enjoy access to a wide variety of specialty software programs that can help them stay organized and access documents quickly.
Set expectations with the property owner: Close communication with the property owner is a critical aspect of any property management operation. By establishing strict communication protocols with your property owner, you can ensure a free flow of key information.
Outsource: If your staff lacks a specific skill, don’t be afraid to contract the project out to a third party. If your contractor does a good job, keep his or her contact information on file for later use. Reliable labor is often hard to come by.