Property Management Duties of Property Owners and Managers
A property manager is a person or an organization that handles, operates and maintains a particular real estate property for a fee or charge if the property owner has no interest in handling it themselves. He serves as a contact between the property owner and the tenants that resides in the property. This also serves as a balancing action as the manager must guarantee that the property is always rented to function for the owner’s and tenant’s sake and preserved ideally to maintain the convenience and satisfaction level of the tenants as great as possible. The usual types of properties that managers typically handle in behalf of the owner are categorized in five groups which are residential, multi-family, association, commercial and resort.
The property manager’s daily duties are usually dealing with the tenant’s issues and concerns, property repairs, property management, filing and recording properties for rent, marketing properties available for rent and negotiating lease agreements between the owner and the tenant. Sometimes, managers also serve as rent collectors when the tenant falls late on payments and arrange reports for the owner with regards to the property’s status and the allocation of tasks to third party vendors depending on the owner’s requirements.
Reliant on the contractual arrangement between the owner and the manager, the manager may be obliged to be involved in handling the outsourcing of all management jobs associated with the property. This includes checking out standard property service businesses that are decent and reliable and that will demand a reasonable rate in exchange for their services. It is actually an important skill for the manager to master to be able to protect the owner’s investment in the property by lessening any extra costs that are superfluous.
The most crucial duty of a property manager to the owner is keeping the property occupied with tenants, maintaining a great level of occupancy at all times. Managers should evaluate the rental rates that should be charged to the tenants and they should also increase the income being made from each property in the portfolio by doing a comparison analysis. The comparison analysis not only determine the physical variations in the subject property opposed to its competitors, but to identify the value of each feature so that the manager can conduct the needed adjustments to the subject property’s rental charge, up or down, depending on the outcome.
For the tenants, property managers should guarantee the tenants a calm enjoyment of the premises. Comfort and security is one of the most crucial expectations that should be provided to the tenants to keep them satisfied. The tenant’s safety is another major duty of the manager where tenants are allowed to live or work in a place that is free from any structural errors and defects or conditions that may be harmful to personal health or property.
Staying Focused on Your Home Based Business
Many have been said about how good it is to have a home based business. The advantages and benefits of having a home based business can really be overwhelming and tempting. However, like the old saying goes, “nothing is black and white” and “it’s all shades of grey”, home based businesses also pose some disadvantages and sad to say, many of those who ventured into home based business fall into the pitfall of distractions, separating home tasks and business tasks, isolation, endless work, and lack of self discipline. Nevertheless, these must not be a reason for you to change your mind especially now that you have already taken the first step to this very rewarding business. It is just important that you know how to get yourself ready for whatever you’ll be facing on this business. So to help you in this venture, here are 5 useful tips on staying focused on your home based business. Happy reading!1. Break Large Tasks into PiecesHome based businesses often involve large tasks and projects to handle. This seems overwhelming so it is always easier and helpful to break these large tasks down into smaller components. You will find it easier to focus more because you will not feel so overwhelmed. For instance, your home based business is more on writing for clients and you were given a bulk order of 100 articles due in a week’s time. Instead of always thinking how to complete the 100 articles in a week’s time, why don’t you think of completing 20 each day?2. Be Organized – Keep a “to do” listOnce you have divided the large tasks into smaller ones, it’s time to do some planning and organization and note the plan down on your “to do” list. Using the same example given above, you can decide to do research first thing in the morning, building up ideas for your articles, then finally writing and forming these ideas into a complete article.3. Schedule your TimeSchedule is very important when you have a home based business. Before you end your day, make sure to note down your schedule for the next day, giving emphasis on what you really have to accomplish.4. Set your GoalsYour goals are perhaps the best way to keep you focused on your home based business. Visualize what you actually want your business to become in a week, in a month, six months, a year, two years, and so on. How much profit would you want to have in a month’s time? How many clients are you targeting to win next month?5. Say Yes When You Can and No When You Can’tYou’ve got to be assertive and learn how to carve out your time for your projects. Assess yourself, how many more can you do? If you think the project being offered can still be done on a timely manner without compromising quality, say YES; however, if it’s beyond what you can handle, never hesitate to say NO and explain to your client why you can’t handle this task. Who knows, you might be able to negotiate on time.Having your own home based business is not at all bed of roses. There are some things that you have to go through to successfully overcome the challenges of having one. Of course, like any endeavor, you have to understand that the odds may be stacked against you but if you are really determined to succeed and if you play your cards right, you will definitely love your new home based business!
A Guide on Successful Product Creation and Internet Marketing
Product creation in Internet marketing is getting stiffer and stiffer nowadays owing to tough competition between Internet-based businesses. Putting up a new product requires plenty of brainpower and finances along with an ability to take risk. With that, even if you have the product well-set already, you have to position it strategically in the Internet landscape for others to notice. You should get the interest of Web users and turn them to actual customers. Aside from the usual physical products, many different products that thrive well on Internet marketing include E-books, membership sites, and video lectures.
The long and difficult process of product creation begins with ideas. They are easy to get – compared to the effort that comes with analyzing the market for that idea. Before the idea turns to a product, businesses often spend money, even amounting to millions of dollars, to ensure the success of the new product that emerges from an idea. Businesses undertake many types of market research and surveys before releasing their products to the public. Now, you may think that because your business is small, you can’t afford research or you don’t have to do research; you can and you should. The Internet allows you to disseminate materials needed for your market study to many people at once without your having to spend a cent.
It is a common maxim in business: Look at your destination first before mapping out your journey. So what are the goals you intend to accomplish with your product creation ventures? The everyday travails of your business may make you forget the end in sight. On the other hand, prepare to entertain new developments that come to your mind in your product creation. Your conception of a product may have started this way, but a few tweaks here and there along with some market research results and it ends up another way. Take it as the result of a creative process, not as a failure to reach your goal. After all, your product creation activities are intertwined with a long-term goal that you should strive to sustain at your utmost: profit generation. So if your less profitable initial idea evolves to a more profitable product, be thankful!
With your product made up already, start doing some aggressive Internet marketing. A product purchase typically comes after more than five times a customer is exposed to an informative call-to-buy message. Thus it is important to get the contact details, like the e-mail address, of potential customers who are on the brink of a sale. Use the results of your market research to determine the demographics to which you should concentrate your marketing efforts.
With consistent product creation, you can make an inventory of your products that you can market in due time. Just keep making products – the moment you succeed in making and marketing a product, customers are surely wanting more from you, so give it to them. Keep them on your side through constant product creation.