Vendor Solutions Spotlight: A Property Manager’s Guide
Jan 3, 2024
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In this vendor showcase episode, the podcast covers innovative solutions for property managers, including alternative options for security deposits and utility concierge services. They also discuss various vendor solutions such as pet-screening policies, virtual property renovation, branded marketing materials, and lead automation. The podcast addresses the problem of high owner churn rates and introduces Blanket, a property retention platform. They also explore the challenges brought by changing technology in property management and highlight solutions like Lula, PES Share, and Axos Bank services. The episode concludes with discussions on support and optimization solutions for property managers.
Partnering with PM Assist can help property managers increase their revenue by implementing their PMax Assist program.
Using Latchel's resident experience platform can streamline maintenance coordination and improve efficiency.
Axos Bank offers specialized services to optimize banking and payment processes in HOA property management.
Deep dives
Maximizing Ancillary Revenue
Property managers can partner with PM Assist to maximize ancillary revenue by charging fees through their PMax Assist program. With all the lease and PMA language provided, property managers can easily implement and increase their revenue by an average of 50%. PM Assist helps property managers find new opportunities for revenue generation and provides the tools to successfully implement them.
Streamlining Maintenance Coordination
By utilizing an all-in-one resident experience platform like Latchel, property managers can streamline their maintenance coordination process and reduce the time spent managing maintenance tasks. Latchel's platform makes it easy for property managers and residents to communicate and solves the pain points associated with maintenance, increasing efficiency and ensuring a better resident experience.
Optimizing Banking and Payments
Axos Bank offers a dedicated vertical in HOA property management, helping property managers optimize their banking and payment processes. With their PMax Assist program, Axos Bank assists property managers in minimizing fees and maximizing earnings credits, which can help offset software expenses. Additionally, their services provide full FDIC coverage and support various banking needs specific to the property management industry.
Solutions for Efficient Move-In and Inspection Processes
Various vendors like On-Site Pros, Property Mail, and Obligo offer solutions to expedite and improve move-in and inspection processes. On-Site Pros provides boots-on-the-ground evaluations and assessments, which help property managers identify property conditions and ensure resident satisfaction. Property Mail offers detailed and professional inspection reports, reducing man-hours needed to manage maintenance tickets. Obligo offers a security deposit alternative, enabling property managers to reduce barriers for qualified renters and increase their revenue stream.
Other Solutions
There are a variety of other solutions worth exploring, such as Tenant or for self-showings and virtual tours, Renters Insurance Solutions for alternative security deposit options, and Profit Coach for maximizing ancillary revenue. These solutions can help property managers improve various aspects of their operations and increase their overall profitability.
In this episode we call "Vendor Solutions Spotlight: A Property Manager's Guide," join NARPM® Radio host Pete Neubig for a vendor showcase episode featuring industry experts interviewed at 2023's NARPM® Annual Convention & Trade Show. Explore solutions for saving time, creating effective approaches and streamlining processes. From pet-screening policies to branding, lead automation to talent acquisition (and much more!), this episode covers it all.
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