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Showing posts from December, 2017

Manage Your Property Business From Any Place, Anytime

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Dealing with property and managing it without any hassle is like an impossible task. You need a combination of skills, experience, the right team and a set of right tools to provide the best service to your customers. You can manage all of these things together in an effortless way when you have the right property management software . If you want to see happy customers, then do not ignore the power of this tool. The latest property maintenance software is an innovative software, which can help you with the process of keeping track of everything that you need to handle the property business well. It is necessary for you to implement this as soon as possible into your business so that you can give a tough competition to your competitors.  From making a comprehensive list of your properties to storing all such information safe and sound; from keeping information about your clients to prioritize work accordingly, this software can do magic to your business. This ca

Is FREE Really FREE – The Hidden Facts

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 So, you’ve found a great software package to help you manage your rental properties and best of all….it’s FREE! But is it really? Can any software vendor truly afford to give away their product? Let me tell you a secret, shhh – don’t tell anyone, businesses are in business to stay in business . If they don’t make money - guess what - they won’t be around long. So, what is really going on? To put it bluntly - it’s a shell game. Property management software that is marketed as “free” have hidden fees that quickly add up. (I know you’re shocked!) A few years ago when I was in the medical software field, there was a “free” version of electronic medical records on the market. They received their funding from a foundation. They signed up thousands of practices. Then the foundation’s charity funds dried up. To adjust, they decided to run ads embedded in the software. It wasn’t long before physicians began to bail off that ship. Recently I ran across“free” software

Commercial Leases – Identifying Your Asset(s)

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After the acquisition of our medical software company, we opened 2self-serve yogurt stores along with a few business partners. The first was located in Pigeon Forge and the other in Athens, Tennessee. The Athens store was chosen because there was a good-sized family restaurant which served as an anchor. During our conversations with the landlord, he was aware that we picked this location because of the anchor restaurant. We executed a 3-year triple net lease and opened the end of January. After we signed, we learned that the restaurant was moving out effective March 1, only five weeks after we opened. They had been in the process of building their own building for some time. Even though the landlord was aware of this fact, they never said anything to us about it. The 1 st quarter went well, but as time went on we saw the sales decline. We attributed it to the stabilization period but in the 2 nd quarter, we realized things were not improving. We shut the doors to our

Know Your Tenants – Proper Background Checks

Buying an income property is a great way to diversify your investment portfolio. Adding a real estate component to your portfolio allows you to take advantage of market growth while providing an income stream. Finding and keeping good tenants is the most important aspect of managing a rental property. Proper background checks can mean the difference between a financially successful investment and a money-pit; costly evictions, extended vacancies and property destruction can be reduced or avoided by taking the time to do a proper tenant screening at the time of application. PropertyZar understands the importance of proper background checks, so they have teamed up with Reliable Screening which provides valuable information about potential tenants. Having a bad tenant can not only add stress to your life, but cause problems which can last for years. Non-Payment/Slow-Payment Income producing properties are supposed to produce income. Non-paying or slow-paying tenants do not

PropertyZar Releases Subscription-Based Property Management Software

Property Management Software for portfolios of all sizes Cleveland, TN –  PropertyZar, an affordable, full-featured web-based property management software platform, announces the release of its latest version for use by landlords and professional property managers. PropertyZar is pleased to offer an affordable solution to landlords and property managers with portfolios of all sizes. This full-featured program simplifies all aspects of real estate property management. Key features include: ·    Online Payments ·    eLeases ·    Work Order management ·    Communication via Email or SMS ·    Portals and Apps for Owners, Tenants, and Vendors ·    Property financials including CAP rates ·    Full Accounting features ·    Property advertising/syndication ·    Schedule Appointments (showings etc.) ·    Automatic Reminders for Tasks, Work Orders, Appointments and more ·    Multi-Language ·    Property Inspections ·    Tenant Screening