Sowing the seeds of greatness...and success!

In the words of famed UCLA basketball coach John Wooden " Failing to prepare is preparing to fail" . At the start of a new year it's important to focus on the creation of a success plan for your property as well as your portfolio. Any mishaps or, shall we say, less than positive experiences of the previous year need to be analyzed and assessed for important information on how to avoid any recurrence of these in the future. Use these learning opportunities as a means to inform how you want to see yourself progress. 

We begin each new year with a reassessment of the "Game Plan" so to speak for each property managed. This can include an examination of rent bump schedules, the creation or adjustment of a yearly budget, proactive maintenance, and, if necessary, a plan for building cleanup. Did you have a tenant that was less than stellar last year? It may be time to strategically plan for their vacating of the premises. Do you have a unit that has been a little below market value? It may be time to raise the monthly amount due. In terms of health of your building structure it is a good time to assess how your property withstood the elements last year and if any particular season proved difficult for The physical integrity of your building. Was there a leak that seemed impossible to fix? It may be time to assess the property as a whole for a full roof construction program. We're their constant electrical outages due to no certain cause? It may be time to further examine how you may more permanently address this problem. Taking record of the maintenance issues that recurred in the previous year is integral to helping and sure your next 12 months are as smooth as possible. Further,  determining the proper steps to fixing these issues early on can allot  owners more time to financially plan for any major repair this year. 

Contact our office today and start your plan for an even more prosperous 2017.