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Institute of Real Estate Management

Insider's Tips to Operating a Successful Property Management Company

Insider's Tips to Operating a Successful Property Management Company

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Operating a property management company requires more than good communication and management skills. To be competitive, companies must have a sound infrastructure, strategic direction, and sufficient resources to achieve success. This report offers comprehensive guidance on all aspects of developing a successful property management business, and includes detailed coverage of:

  • Strategies for successful staffing and company organization
  • Components of a management proposal
  • How to maintain ethical practices and professional standards
  • Owner's evaluation and selection of a firm
  • Leasing commissions and other financial incentives
  • Steps for managing new accounts and expanding business profitability
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