Peter Bubel+ by | Jul 10, 2019 | Blog, Peter Bubel, Property, Property Management
It isn’t easy managing a property. It requires constant work to responsibly organize the many things happening. It takes time, dedication, and diligence.
Technology has made this much easier than it used to be. Software can streamline a lot of the work by taking tasks off a property manager’s plate. Things like collecting payments, scheduling, tracking analytics for your business, messaging with your guests, website management, and accounting can all be made much simpler by the use of property management softwares.
Keeping In Touch With Your Guests
You need an automated system to make it easy to send your guests essential messages.
Try Guesty for a messaging automation system. You can customize your automated messages so they will be consistent with your branding voice. You can set up messages to be sent out after specific triggers, like a cancellation.
Channel Managers
The first property management software to look at is a channel manager. A good channel manager will make it easy to manage not only every channel you currently use, but any that you plan to possibly use in the future. Changing later is expensive so it’s important to take a moment to consider what you might want to use later.
The manager should have plenty of analytics so you don’t need to install something else to keep track of how your business is performing.
It’s also important that it integrates with other software you use.
The last thing is still essential, which is that it should perform automation for you. A quality channel manager will send automated booking confirmations and perform other tasks that aren’t necessary for you to perform yourself but are still essential for your business.
For a dedicated channel manager, check out yieldPlanet, which has over 400 channels. You can also consider Cloudbeds, which has an excellent channel manager but is a more advanced system that also has a booking engine and payment processing.
A Booking Calendar
You need a calendar app that makes the whole process simple. It doesn’t need to be flashy; it needs to be smooth and beautifully designed in its simplicity. If you use services like Airbnb or Booking.com, then the calendar needs to integrate with those services.
BedBooking is an excellent option for a calendar app that will make this simple for you.
Peter Bubel+ by | Apr 20, 2019 | Peter Bubel, Property, Restaurants
As a property developer, there is a lot to put into consideration. The entire process of developing a property takes immense attention to detail. It’s easy to make mistakes at the beginning that can lead to not making a profit off the property. In order to be successful, it’s important to avoid these early mistakes as a property developer:
The Wrong Location
When finding the right property, location is everything. The location is one of the main deciders of whether a property will be successful or not. One of the first mistakes a property developer can make is choosing the wrong location. Finding a property in an up and coming neighborhood is harder than it looks. The location must be near schools, by public transit, close to nice parks and main roads. Even though a developer can find a cheaper property, a buyer is not going to pay top dollar if it is not a nice place to live. Avoid this mistake by researching neighborhoods and be certain it can offer what buyers are looking for.
Being Too Cheap
Saving money on a property doesn’t always mean a bigger profit. If a property developer is too cheap during development, the property will lose its quality. Even though there are cheap versions of upgraded flooring, cabinets, and tiles, it’s better to opt for quality over price. When pricing is the developers biggest concern, there are still cost-effective ways to improve the property. This can be rendering the house, upgrading the driveway, and focusing on landscaping. These small details will give the property greater value and appeal more to the buyer.
Spending Too Much
There is the perfect middle ground between being too cheap and spending too much money. While the quality of the property is extremely important, some first-time property developers make the mistake of spending too much. Property developers shouldn’t over-design or specify when creating a property. It’s possible to have nice upgrades without going overboard on lavish appliances. To make a profit and stay on budget, skip the marble countertops or crystal taps. Spending too much is just as bad as being too cheap. It’s important o find the right balance.
Choosing the Wrong Builder
A property developer is only as good as its builder. The profitability and quality of the property depends on how good the builder is. Many early property developers will make the mistake of choosing the wrong builder. It’s important for them to interview different builders and find someone with enough experience. The right builder will have at least ten years of consent business, many references, and have signed a fixed price contract. This way the property developer won’t get ripped off.
Peter Bubel+ by | Sep 22, 2018 | Blog, Pennsylvania, Peter Bubel
There is a lot more to do in Pennsylvania than just what Philadelphia and Pittsburgh have to offer. As any Pennsylvanian knows, those two cities make up a small part of the great commonwealth. Below, you’ll find a list of the top five free (yes, FREE) things to do in Central PA. Each is available year-round and each will leave a lasting impression of what makes Pennsylvania so great.
#1 Admire the State Capitol
Harrisburg’s capitol building (http://www.pacapitol.com/) is a stunning representation of its history and dreams for the future. A grand staircase welcomes visitors into the building and the stately rotunda encourages all to look to the heavens. And yet, it is not merely an aesthetically pleasing visit. With guided tours of the House of Representatives and Senate available, the capitol provides educational opportunities to all who enter.
#2 Indulge in Hershey’s Chocolate World
A short distance from the capitol lies one of Pennsylvania’s most aromatic places to visit. Hershey’s Chocolate World (https://www.hersheys.com/chocolateworld/en_us.html) brings the process of turning cocoa into chocolate to life with the sights, smells, and sounds of a simulated factory setting.
#3 Experience the craft quality of the Yuengling Brewery
You don’t have to be 21 to tour America’s oldest brewery. With a history that spans nearly 200 years, Yuengling’s tours (https://www.yuengling.com/) are tailored to educate visitors of all ages about its unique and interesting story of survival through some of our nation’s most turbulent times.
#4 Remember the fallen at the Flight 93 Memorial
The 40 passengers and crew that gave their lives on 9/11 are remembered at the Flight 93 Memorial (https://www.nps.gov/flni/index.htm). Their bravery is symbolized in the recently dedicated Tower of Voices, a 93-feet tall wood chime. A place to reflect and remember, the memorial provides all visitors the opportunity to unite and show respect.
#5 Enjoy the view at the Pennsylvania Grand Canyon
The Pennsylvania Grand Canyon (http://pacanyon.com) is the perfect place for anyone loving the outdoors. Hiking, camping, covered wagon rides, and white water rafting are just a few activities the area has to offer. For those looking for a less adventurous visit, the amazing vistas are enough to entertain anyone. Stretching more than 45 miles and reaching 1,450 feet deep, the canyon is as grand as it is beautiful.
Peter Bubel+ by | Sep 3, 2018 | Peter Bubel, Real Estate
The rise in popularity of home improvement shows on the TV has seen many people seek to take on the position of real estate investor for their full-time career. Breaking into the real estate sector may seem like a difficult to achieve position but becoming more than simply a one-person investor but a more advanced team of workers creating a successful real estate investment company.
The first question each professional should be asking themselves is what is the aim of real estate investing? If the answer you provide is anything other than to make deals, a rethink of how you approach real estate is in order. When breaking into real estate, the new investor can find hundreds of books about closing a deal and in-person seminars based on the need for closing the best possible transaction. When taking a step back, one is met with the realization that finding deals is a difficult thing to do. The first deal to look for is that providing the investor with a property to purchase, these deals are hard to find when a profit is being sought.
One of the most unhappy moments for those looking to create a positive career as a real estate investor is the realization that there is no shortcut to real estate success. The path to real estate success should be taken in short, small steps including many goals achieved over a long period of time. By achieving small goals when setting out on a new real estate venture, the chance to grow a business for the long-term is always higher than it was before.
A major decision each investor will be faced with at some point is how much property to sell and how much to keep hold of. The aim of each real estate investor is to make money in a fast and consistent manner which should include the retention of a large number of properties used as an investment against which money can be earned and obtained. The retention of properties can be of major importance for those who are looking to build a growing company based on the principle of underpromising and overdelivering. The delivery of a property with more than was originally agreed to by an investor creates the wow factor each person in the industry is striving to achieve.
Peter Bubel+ by | Jul 20, 2018 | Blog, Peter Bubel, Property Management
Reports show that the property management software market is likely to reach approximately 2 billion after the projection period. North America is going to be the rapidly developing area for the market, with Europe and the Asia Pacific following respectively. The residential sector will provide prominent opportunities to the application. It will facilitate government initiatives and infrastructure development across the globe. The following contribute to the massive software growth.
The worldwide infrastructure developments are leading to demand real-time property information access. Rising cost of production has resulted in the increased construction of multi-dwelling units (MDU). Property owners and managers usage of the centralized system to collect and store investment details have also contributed to the software expansion. They can save time and access features easily.
The property software can be segmented into various components depending on the users, region, and application. The cloud-based app is going to dominate the platform due to the increase in penetration of numerous technologies worldwide. Virtual tools allow for easy database access, efficient properties management, and data content authenticity and consistency. These features have led to the high demand of the management application.
Homeowners invest in the property management software market for asset management operations like tenant management and maintenance. Residential properties need the application for properties administration, tenant replacement, and maintenance and repairs. The residential infrastructure developments like multi-family units and affordable housing contributed to the market share growth in 2018. The commercial sector is also projected to expand significantly between 2018 and 2026. Businesses focus on improving their operations and reducing expenses across systems also leads to the development of property management software market.
The steady adoption of the solutions across the area made North America have a significant market share for the software. The continuous increase of its use across company operations is going to supplement its expansion. Also, the rising demand for the management application in Europe, Middle East, Africa, and Asia Pacifier is expected to expand due to the increased MDU units and software adoption.
Market intelligence firms provide business information services and reports. The experienced team of researchers, analysts, and consultant use various techniques to obtain and analyze details. They continuously update and revise data for the property management software market to reflect latest information and trends.
Peter Bubel+ by | Jul 7, 2018 | Blog, Peter Bubel, Property Management
The property industry is among the ever-growing sectors. It is diverse with major real-estate companies with assets across the world and landowners renting properties. Running a property portfolio is a complex task.
Property managers should monitor and maintain their material goods to a given standard. Landlords ought to adhere to legal provisions when operating and controlling their properties. Property monitoring applications have simplified the real estate management process. Check out the best 2018 property management software.
Appfolio is a real-time management solution that provides cloud tools to property managers, residential, and commercial. It attracts renters and clients and helps property professionals manage financial data and assets. Users can maintain a track, get business metrics, and interact with vendors, renters, and owners. Owner portals provide access to statements and reports.
Buidium offers a plethora of business operations, leasing tools, property management, and accounting. The app is ideal when dealing with numerous properties. Users can maintain finances and requests as they market the goods online. The platform has portals for property owners, residents, and stakeholders to communicate. It covers student housing, residential properties, and community associations.
Rent Manager is a flexible management platform. It comes with integrated accounting, asset management database, contact management, work ordering tools, and marketing solutions. Real-estate professionals can manage and resolve issues as they monitor their finances. Rent Manager is mobile friendly, and realtors can accept payments, enter orders, take pictures, and organize service inspections from any location.
Re-Leased is useful when leasing commercial and residential properties, office units, and co-working spaces. It operates as a central hub and, users can view and delegate tasks, as they manage properties. The software allows one to get reminders on crucial tasks to resolve service issues. You can also communicate with landowners and tenants through text messages and email as you work.
Qube Global Software delivers tech solutions to managers and investors. It is appropriate for a range of property businesses like residential, commercial, and student properties. The application has features like invoicing and billing, tax management, tenant and landlord database, late fee calculation, and insurance management.
The named apps are perfect for any real estate company. However, a property manager should pick software that matches their needs. Compare the price of the applications from various dealers to get an affordable platform.
