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Few situations are as sensitive—and legally complicated—as managing a rental unit after a tenant has passed away, especially when there’s no known next of kin. We provide guidance on some of the key issues BC landlords and property managers face after a tenant passes away.
A career in property management doesn’t have to be a path to burnout. By balancing the workload in portfolios, using technology, and intentionally building a supportive culture, employers can build a workplace where staff thrive. We discuss 8 things you should look for in a property management company if you want to grow professionally, while also enjoying a balanced, fulfilling life.
In a competitive real estate market, standing out as a trusted and effective property management firm requires more than expertise—it requires commitment to the client. Discover 4 key things that separate the best property managers from the rest…
Does it matter how your property management company has achieved its growth? We think so. A company that has grown through referrals – instead of by acquiring other companies – has grown on the strength of its own reputation, not someone else’s. It has delivered on its services and products, and it kept its customers happy.
Smart building technology is changing how many new buildings operate, but it’s the “nuts and bolts” software of property management – the accounting and maintenance functions – that every landlord can benefit from. It provides financial and operating data to owners in real time, leaves an accurate “paper trail”, and ensures that maintenance is budgeted for and completed on schedule.
Some owners question the need to invest in tenant retention when it’s a landlords’ market. But at some point the market will change – it always does – and when it does, if you haven’t invested in your building, you will suffer a double-whammy: you’ll need to upgrade to attract new tenants, and you’ll have less money to do it with due to an increased vacancy rate. Even with an older building, creative thinking and a 7-year plan can keep you competitive…
In this market, when all buildings are being closely scrutinized by insurers at renewal time, it’s more important than ever to improve your building’s risk profile to negotiate the best available terms. We break down some of the reasons behind the high cost of premiums, and give you some pointers on how to improve your rating.
Listen to real clients discussing how Transpacific manages our clients property as if it were our own.
Small and medium-size businesses are working hard to serve their clients in new ways, take care of their staff, keep the lights on, and figure out government programs – without the benefit of large leadership teams or deep pockets. The extra pressure to “be more” and “do more” from marketers, government agencies and thought leaders can feel like one more stress.
Stress is inevitable, but how you handle it, is not. Years ago, I took the advice I received during a skiing lesson and applied it to my life. Now, when I start to feel stressed, I adjust my stance…
Skillful management of family holdings requires a unique blend of personal and business skills. You need to be able to understand and manage group dynamics, know how to blend and balance family goals with business goals – and have the required experience managing a property day-to-day. Over the years, we’ve found that some basic practices can make all the difference…
Landlords ask us lots of questions about caretakers – from whether or not they need one, to how much they should pay them. We answer four of your most common questions here…
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