A More Detailed Look at Your ROI Calculation
A More Detailed Look at Your ROI Calculation

Calculating a ROI, in theory, isn’t that complicated of a calculation. It is basically taking the gain of an investment, subtracting the cost of the investment, then dividing the total by the cost of the investment. For example, if you buy 10 shares of Natalie’s Pizzeria at $10 a share, your investment cost would be … Continued

3 Ways Collaborative Operations Software Can Cut Operational Cost
3 Ways Collaborative Operations Software Can Cut Operational Cost

Since the start of the great recession in 2008—when investors were just starting to recover from bad portfolio returns, and when companies (the ones that weren’t wiped out) learned how to function in a new lean and mean environment—many businesses have never fully recovered. Not only have they not recovered in terms of the specific … Continued

Why Property Owners Should Care About Property Upkeep Simplification
Why Property Owners Should Care About Property Upkeep Simplification

As a property owner, especially one that owns multiple properties in different geographic locations, your main concern should not be about a window repair, touch up painting, shoveling snow or any other upkeep that might be needed in and around your building. Your focus should be on the actual operation of your business. Having said … Continued

The Business Case for Collaborative Operations Software
The Business Case for Collaborative Operations Software

There is an increased scrutiny today on c-suite executives, and with that scrutiny comes a must-have core competency in putting together a convincing business case for any business decision. Why? Because a business case is the communication tool that details the benefits, costs and risk assessment of something. The business case is intended to help … Continued

5 Things to Look for When Hiring a Property Manager
5 Things to Look for When Hiring a Property Manager

A property manager is the person you, the owner, put in charge of making critical decisions about your property on your behalf. They can be one of your biggest assets, can ensure your monthly cash-flow, and can add significant value to your investment. Or, if you have a poor one, they can do the opposite … Continued

Juggling Your Maintenance with Spreadsheets? Join the Paperless Movement
Juggling Your Maintenance with Spreadsheets? Join the Paperless Movement

Recently, Los Angeles-based commercial real estate brokerage firm, CBRE Group Inc. revealed plans for its newest office in Phoenix. At 75,000 square feet, the office was said to house 470 employees and be the largest of the firm’s Workplace 360 global offices. The “Workplace360” Initiative was CBRE’s big initiative designed to promote flexibility, mobility and … Continued

Paper Work Orders—The Source of Lost Time and Revenue
Paper Work Orders—The Source of Lost Time and Revenue

Do you still own an old metal filing cabinet? Have you ever lost a work order, or possibly even completed a different job than you were supposed to? Do you schedule and dispatch work orders over email, and get frustrated with the amount of time it takes to communicate important information to all individuals involved? If you … Continued

3 Ways Communication Is Key to Your Property Management Company’s ROI
3 Ways Communication Is Key to Your Property Management Company’s ROI

It’s common for companies with effective communication practices to have better financial performance. And those with high effectiveness in communication are three and a half times more likely to significantly outperform their industry peers than firms that are not effective in these areas. Those words come from a 2014 study from Willis Towers Watson, a … Continued

Online Work Orders: The Secret to Doing More with Less
Online Work Orders: The Secret to Doing More with Less

The tenant in unit 101 (we’ll call him Oscar) has a problem with his plumbing. His kitchen sink is backed up, so Oscar calls management and leaves a message on Saturday evening. It’s now Monday, and management has been in and out of the office, has been listening to many other messages from the call … Continued

7 Tech Trends Every Property Manager Should Know
7 Tech Trends Every Property Manager Should Know

“It has become appallingly obvious that our technology has exceeded our humanity.” While there is no evidence that Albert Einstein made that statement, the quote is often attributed to him and it has always been a favorite. (Einstein did make a statement in 1946 cautioning mankind about the dangers of the nuclear age). But one … Continued