Property Meld Blog

How to Monitor and Lower Maintenance Costs

Lowering maintenance spend is crucial to increasing investor retention in 2024. If left without property strategy or attention, maintenance can drain your resources and profits. With unpredictable maintenance, many property […]

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Property Management Operating Expenses

When creating a property management budget,it is advisable to concentrate on your existing operating expenses. It is the most effective way to identify areas where you may be overspending or […]

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What is the 1% Rule in Maintenance?

Whether you are a property manager overseeing a portfolio of residential properties or a homeowner, budgeting for property maintenance can be daunting. Houses have a finite lifespan, and regardless of […]

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How to Budget for Property Maintenance

What is property maintenance? Property maintenance in rental properties refers to the ongoing tasks and responsibilities associated with keeping a rental property in pristine condition. This is crucial for both […]

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A Simple guide to Property Maintenance Benchmarking

What Are Property Maintenance Benchmarks? Property maintenance benchmarks measure the efficiency of property maintenance processes. These benchmarks serve as vital reference points, aiding property managers, owners, or maintenance coordinators in […]

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What Is a KPI Dashboard

  Maintenance metrics are essential to the success of your property management company. Tracking key metrics lets you identify any problem areas in your maintenance process. It also allows you […]

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What are Maintenance Metrics or KPIs

Property maintenance plays a vital role in ensuring rental properties’ long-term value, functionality, and curb appeal. Property managers must utilize maintenance metrics or KPIs to manage property maintenance activities effectively. […]

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What Are KPIs for Preventative Maintenance?

What is Preventative Maintenance? In property maintenance, preventative maintenance refers to the proactive and scheduled maintenance activities carried out to prevent property-related issues and ensure the proper functioning and longevity […]

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Guide to Property Maintenance Troubleshooting

Maintenance troubleshooting is the process of identifying and resolving maintenance issues. It involves diagnosing the problem, determining the cause, and properly repairing it. Maintenance troubleshooting is essential to the success […]

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The Ladder of Maintenance Excellence

  One of the biggest reasons property maintenance is such a pain for property management companies is its unpredictability. But it may be more predictable than you think. Most property […]

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What Causes Rental Turnover

Rental turnover is a normal part of property management. But, unusually high rates of turnover can wreak havoc on your bottom line and cause negative relationships with property owners. The […]

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Rental Turnover Services

When it comes to rental turnovers, one of the most time-consuming aspects is coordinating all the services that need to happen before a unit is ready for a new resident. […]

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What Are Turnover Fees?

According to Dictionary.com, a “make-ready” is the act or process of making something ready for use. When it comes to property management, it’s just that. The make-ready, or “rental turnover,” […]

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How to Lower Turnover Costs

There are two main ways to lower turnover costs: 1. The first is lowering your turnover rate and decreasing the number of turns you must complete. The fewer turnovers you […]

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What is a Maintenance Checklist?

A property maintenance checklist can be a list of responsibilities an internal maintenance team must complete on a regular basis to keep a facility, machine, or system in good working […]

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Property Maintenance Services List

Property managers juggle many moving parts when running a successful company. From screening potential tenants and ensuring they are the right fit to collecting rent payments, there is always something […]

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3 Main Reasons Property Owners Sell

In December, most property management companies are preparing their owner statements so they can have them all sent by the end of January. Owner reports detail the past year and, […]

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Best Practices in Maintenance Follow-Up

Property maintenance is an incredibly complex process where repairs and follow-up can easily fall through the cracks. You can’t afford to fall behind on maintenance tasks. Why? Fast and quality […]

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Why Maintenance Matters with Deb Newell

The fear of the unknown is always scary, and maintenance is no exception. In property management, it’s necessary to succeed in maintenance to have a successful business—property maintenance matters. It’s […]

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Rental Turnover Checklist

Make your make ready process less complicated with our tips and bonus turnover checklist!    As a property manager, rental turnover is inevitable. There will always be reasons why your […]

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