7 Convenient Services Project Management Companies Offer Landlords

Published on: 01 July 2022 Last Updated on: 19 February 2025

Do you find it challenging to keep track of the numerous moving parts that come with running your property? If so, you’re not alone. With so much information being shared and moved around, many landlords are finding it hard to lose track of things.

In fact, a recent study found that the average landlord spends up to 5 hours per week on tenant management activities, often in addition to their day job!

No wonder so many landlords are looking for ways to streamline the process and make life easier again.

If you’re currently juggling too many tasks as a landlord, take a look at these seven services amateur property management companies offer landlords that can help ease some stress in your life!

Here Are 7 Convenient Services Project Management Companies Offer Landlords:

1. Create a Digital Lease Platform

One of the easiest ways to simplify the rental process is by using a digital lease. A digital lease can help you avoid the headaches that go along with collecting – and later verifying – paper documentation.

In fact, digital leases have been shown to increase both tenant retention and landlord satisfaction by reducing the stress around the lease process. And as a landlord, you should appreciate the reduced risk of having to challenge fraudulent documentation in court.

2. Collect the Rent

One of the most common challenges that landlords face is collecting rent on time. It’s estimated that anywhere from 20-40% of landlords end up in a dispute with their tenants over rent.

However, you can avoid this situation by using a property management company that allows you to collect rent electronically. This not only sends a strong message that you’re serious about collecting rent, but it also makes it easy to track payments.

3. Record Keeping for Taxes and Audits

Another helpful service that some property management companies offer is keeping track of your rental income and expenses.

This can help you stay organized and make sure you don’t forget any deductions you can make on your rental income taxes. It can also help you accurately report your rental income the next time you’re audited by the IRS.

4. Handle Your Property Marketing

If you’re looking to attract new tenants to your property, you’ll want to invest in marketing.

The best property management companies use highly sophisticated marketing strategies designed to target specific areas, property types, price points, or any other criteria you choose.

5. Amateur Property Management Companies Oversee Tenants Moving in and Out

If you’re moving out or helping your tenants move in, it can be challenging to keep track of everything that needs to be done on both sides. Luckily, there are amateur property management companies that manage all aspects of the move-out and move-in process.

This makes it easy to track what needs to be done and what has been completed, ultimately saving you time and effort.

6. Manage Your Leads and Showings Remotely

If you’re receiving many showings, but not enough qualified leads, it can be difficult to know who to follow up with next. Project management companies can help you keep track of your showings and lead follow-ups.

This can allow you to stay on top of your rental leads, while also making sure your tenants don’t feel like they’re being pressured to make a decision.

7. Offer a Platform To Streamline Communication

A great way to stay on top of communication with your tenants is by using a project management platform. This can allow you to easily set up communication channels between you and your tenants.

This can include a communication log for maintenance requests, as well as a log for payments which will ultimately help you stay organized and make sure you don’t miss anything.

In Summary

Renting out property can be a rewarding way to earn extra income, but it can also be challenging to keep track of the many moving parts involved in doing so. Fortunately, project management companies may be able to help you ease the stress that comes with being a landlord and make life easier again.

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Arnab

Arnab is a professional blogger, having an enormous interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, He carries out sharing sentient blogs.

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Top 3 Dropshipping Marketplaces: Pros And Cons Of Each

Dropshipping is a trendy business model that has already attracted about 78% of retailers in the USA that implements some form of it; the market is going to reach $240 billion in 2023. The main difference to the standard sales model is that dropshipping is an e-commerce business model that shifts all production and delivery responsibilities to the Supplier or Manufacturer. At the same time, a Dropshipper is responsible only for the online store. After a drop shipper finds a trustworthy supplier, his main task is organizing an online store. The online store can be created on a relevant marketplace or a separate web resource. In each case, it should be prepared with all information, including pictures or videos of the sold goods and possibilities to make an order for Customers. This article is aimed at marketplaces, which one to choose for dropshipping for placing your online store. Marketplaces also can be used for searching for suppliers and manufacturers. Main Requirements For Dropshipping Marketplaces The main value of drop shipper work is an online store. Customers first choose the website for order and with high competition of Internet proposals, attracting customers to visit and stay on your website is essential. Marketplaces are perfect e-commerce platforms for beginners as they have many tutorials and advice on starting a dropshipping store. It is recommended to choose a dropshipping marketplace based on the following parameters. The fee for launching your website; User-friendly navigation with all required plugins; Customer traffic for your chosen niche; Possibility to use software for listing, design templates, order fulfillment, and delivery tracking; Integration with other marketplaces for easy creation of product descriptions; Integration with website builders or content management systems (CMS); 24/7 technical support. Top 3 Dropshipping Marketplaces Based on the described parameters, the top 3 dropshipping marketplaces are listed below. You can place your products on all three to find your audience or choose the one suiting your requirements. eBay eBay is one of the biggest marketplaces where you can buy everything except tobacco, alcohol, lottery tickets, and other goods. The most popular categories are face masks, smartphones, men's accessories, and video games. With dropshipping on eBay, you can access its massive auditory without effective marketing campaigns. Their auction site attracts thousands of customers. This marketplace is recommended for small dropshipping companies starting the business, as they propose fewer investments. All subscription plans are based on the insertion fee with a limitation of listings, a fee after the transaction based on the sale price, and a fee per order. The basic store fee with 250 listings is $21.95. You can find more detailed information regarding fees and requirements for setting up the store in this guide. Pros ● eBay does not require to have storage of goods for selling ● Plenty of applications are available for automatization and setting up the store ● Marketing campaigns are not required in the initial stage of setting up the online store ● Possibility for easy business expansion ● Easy to get started ● eBay has a lot of tools for marketing campaigns Cons ● Strict dropshipping rules ● Difficult to find a supplier fulfilling all eBay requirements ● To be rated as a reliable seller on eBay, you need to have already positive reviews and a proven sales record ● eBay does not allow to drop ship from other marketplaces ● Intensive competition Shopify Shopify is one of the most popular dropshipping platforms hosting 500.000 e-commerce stores worldwide. To start selling there, you need to pay a basic subscription for $29 for a domain name, the quantity of sold goods, and additional features (such as gift cards or reports). Plus, you must pay 30 cents per transaction for each tariff plan. For beginners, you can choose a 14-day free subscription. However, with growing your business, you need to change subscriptions to other plans to increase staff accounts and inventory locations. You should pay additional expenses for customization and automatization; most of the required applications are not free. But the paid money is worth it; numerous apps for setting up the online store with fully customizable themes exist. In addition, many marketing tools are available for Shopify to start selling as quickly as possible. Pros ● Availability of different tariff plans starting from $29 ● User-friendly interface with prefilled pages ● Integration with most dropshipping apps (Oberlo, MXED, Spocket) ● 24/7 email, phone, and chat support ● A large community of drop shippers using Shopify ● 14 days free trial ● Quick set up of an e-commerce store Cons ● The advanced package is expensive $229 ● High competition ● In addition to a subscription, you need to pay for each transaction WooCommerce Five million people already use this plugin, and you can also dropship there. It has a special WooCommerce Dropshipping application to manage all activities from there. You can quickly start your online store there, even alone. WooCommerce recommends using WordPress plugins and extensions for setting up the website. WooCommerce does not recommend dropshipping from eBay or Amazon, as you will meet massive competition with the same goods on this platform. The possible suppliers could be found on Amazon, SaleHoo, or simply in Google. The WooCommerce plugin is available for free, but you need to pay commissions for a domain, host, extensions, and security. Unfortunately, to set up the store, you need time from days to weeks, as you need to install all required applications and go through the delivery policy. Pros ● Many apps and plugins are available for website creation and automatization ● The WooCommerce fee depends on your business capabilities and needs ● WooCommerce supports all payment methods ● Market integration with all leading platforms ● The store design is executed through a WordPress plugin ● Open-source software and fully customizable Cons ● Tools are required to set up the store (WordPress, WooCommerce Dropshipping, WooCommerce Lead Time, etc.) ● Requires significant time for setting up the store ● You need to have skills Conclusion The marketplaces help to simplify the creation of an e-commerce store, but all work for its marketing and maintenance you should keep to yourself. Do not forget about SEO campaigns, advertisements in social networks, email campaigns, and other tools to attract your targeted audience. If you, in addition to the product description, add to your helpful website information, research, or comparisons of why your products are good, this will significantly increase the value of your goods. Proper supplier is another milestone for your business, but you must check the Supplier based on the desired marketplace requirements. Finally, marketplaces are significant helpers in setting up a business for newcomers, especially Shopify, WooCommerce, or eBay. They have all the tools for easy creation of the business process and start selling online. But you need to pay subscription fees and purchase applications for proper customization. Read Also: How To Get Product Ideas For Your Ecommerce Business Strategies For Running A Pet Supply E-commerce Store Recognizing How Important Inventory Management Is To Your E-commerce Store

5 Most lucrative home-based business opportunities

From the gig economy to people looking to work full time for themselves, growing numbers of workers are setting up at home or planning their next move away from the traditional office. Whether the choice to work from home is to build a second career or to provide some insurance if their main career doesn’t pan out, home working is a booming market. These are some of the most lucrative opportunities when it comes to creating a successful self-made career. 1. Consulting From Home Using your current industry knowledge and applying it for the benefit of others is the leading way for people to head out on their own. Creating a consultancy requires years of a particular skill, a wide range of contacts and perhaps a strong reputation in your field. But, with those to hand, people in PR, marketing, legal, architecture, design, advisory work, and many other areas, have struck out successfully to capture clients from their old business or build new customer bases. Consultants can charge premium rates for their skills, knowledge and advice and consultancy work often comes with a side order of business lunches, premium networking opportunities, and other events to help make an even stronger business. 2. Writing for a Living Many writers often have side gigs, be it website, magazine or newspaper reviews, industry articles, or writing a novel or script. Anyone with the ability to write can find endless use for that skill. Much freelance writing work starts out as low-pay but is still better for students or those starting work than other options. And as your portfolio and contacts grow, writers often find better work, while professional writers can build who primary or secondary careers out of well-paid gigs, including travel writing with lots of perks, or business/political writing with great rates and access to power. And, if you can write fluently in a popular foreign language, you are able to work across borders for highly-skilled translation work. 3. Virtual Assistants Are In Demand While a consultant uses their business knowledge to provide a career, virtual assistants use their practical business acumen and skills to provide key office/secretarial/admin skills to people who run their own small companies but lack the time or resources to handle them. A good VA can be just as smart as the CEO, just as useful as an office manager, and can work for several businesses at once time-sharing as needed, either permanently or until they find one company they really like working with and feel of great value to. 4. Creative Skills Can Make You Stand Out For people not used to the office environment, using your creative skills is a great way to build a home business opportunity and can be ideal for building a personal brand or bespoke product line that no one else offers. From baking cakes to making crafts (using driftwood, sea glass, scrap metal, and other free resources is a great way to start if you have a limited budget). Many artists sell their work online or through local events and gain a growing reputation that allows them to sell pieces for higher prices or take on valuable commissions, but even for someone who loves baking artisan bread, being creative is a strong part of the reason to work from home alongside the profit. Typical earnings $1.2K-12.5K 5. Home and Useful Services Almost anyone can pick up a batch of domestic products and start a cleaning company, servicing the needs of local homes and businesses. Anyone with a van and a love of animals can start taking pets for walks or doing home visits to keep people’s pets company when they are out. While the pay might not be up there with more value-added service, it allows anyone to get a foot upon the business ladder, to learn the basics of marketing and customer service at their own time and pace, while building up contacts, friends and customers when (or if) they do want to expand the business. Typical earnings $6-10K Whatever your skillset, wherever you live, there are plenty of opportunities to create a business from home that can match your ambition or passion. Read Also: What Are The Best Business Opportunities For 2019? Green Business Opportunities For Eco-Entrepreneurs International Business Degrees In Today’s Global Marketplace

Five Ways an Employee Recognition Can Help Employees Perform Better

If you've been paying close attention to the world today, then you probably notice a shift and the way workplaces are doing things. Largely due to the fallout of the covenant, organizations had to adapt to changes in the way human resources are performed, changes in the way business are done, and deal with issues like the supply chain or employee retention problems. There are many factors that play a role in this, but one of them is not recognizing or encouraging employees. People who work in teams want to receive constructive feedback and recognition for a job well done. It's just part of being human. That's where an employee recognition program can really come in handy. Employee recognition can help employees perform better and ultimately create success for the business. In this article, we'll go over five ways an employee recognition program can be beneficial for your business. Check it out below. 5 Employee Recognition Can Help Employees Perform Better 1. Performance Management One way an employee recognition award program can help your staff is by helping them work within a model of performance management. Instead of receiving an evaluation or performance review every six months to a year, performance management works on a continuous basis. As part of an overall employee recognition platform, continuous performance management can help coach, train, and develop talent as they work throughout the organization. In continuous performance management, employees receive coaching and development regularly. It's usually accomplished through a platform that allows for performance reviews, counseling, rewards, and even termination if that's necessary. It's a comprehensive system that can help develop talent and retain them instead of forcing them to deal with performance review bias, performance issues, and a lack of direction from their management. 2. Regular (360 Degree) Feedback Feedback can take all shapes and forms. But 360-degree feedback is probably one of the most comprehensive and best ways to provide feedback to a team. In this model of feedback, instead of receiving feedback once in a while, you get feedback regularly from everyone who works with you. This might be somebody who is a direct report, your supervisor, a coworker, or anyone within the organization that works with you regularly. The idea behind this is to get a comprehensive overview of your strengths, and weaknesses, where you're doing high-quality work, and where some work might be needed. In this model, employees can work together and create camaraderie instead of just getting feedback when a goal gets accomplished. It has to be done in a continuous and professional manner in order to be effective. But, if you get it right, 360-degree feedback can be a boon to employees across the organization. 3. Learning Management Systems Deep down, employees want to learn and grow with their company. Most people don't want to stagnate or be left behind when things change within their industry. It's important to build up soft skills and skills related to the industry throughout their tenure with the company. One thing that managers can do during check-ins and meetings is to follow up on skill assessments and learning goals to help encourage growth within the company. But another aspect of employee recognition also involves helping your employees learn. That's where Learning Management Systems come in. Most companies have some sort of proprietary LMS that they can use to help their employees learn new skills. Recognizing the potential in a staff member and putting them through the proper courses to encourage it is critical to helping them grow and Thrive at your organization. Implement a learning system along with recognition to get the most out of your employees. You can also sign up for a leadership learning course to understand the gaps that need to be filled when managing your workforce. A good leader can have a stronger grasp over their employees and simplify the workflow better. 4. Rewards Just like recognizing individuals for their accomplishments, providing rewards and incentives is important. People like to receive something tangible along with accolades whenever they accomplish something worthwhile. Even if it's just a milestone or anniversary, it's still vital to ensure your employees are getting something back for their hard work. Monetary awards like bonuses and paid time off can be quite beneficial. Non-monetary rewards like gift cards, dinners, a free class, or some work-from-home days, can also be great incentives to encourage your employees to recognize each other. Whatever you decide to do in the rewards department, make sure it's something worthwhile and valuable. Somebody works hard for your company, the last thing you want to do is insult them with something that isn't going to make them want to work to the best of their ability. Rewards are integral to any employee recognition program, so make sure you offer the best ones you can think of when setting up your program. 5. Social Recognition Social recognition is what employee recognition programs are all about. People like to know that they're doing a good job, especially right after they've shown what they've accomplished. In order to be effective, employee recognition has to be prompt, specific and performed often. That's the beauty of using a technology platform to do it. With regular interaction, social recognition plays a key role in any strong employee recognition programs. By implementing an employee recognition platform at your company, you can keep everybody on the same page by recognizing each other's accomplishments, helping to create a positive working environment for everyone at the company. Additionals: Understanding How Employee Recognition Can Aid Your Consulting Firm Things to Consider When Sourcing Employees for Manufacturing Plants 5 ways employee perks can dramatically enhance your personal life

7 Convenient Services Project Management Companies Offer Landlords