Proactive Property Management In Times of Recession
Landlords and tenants agree on very few things. Saving money on energy and working with a Property Manager are two of those rare points. In today’s down economy, Property Management is sought after for providing both the classic value-added services as well as additional advice that can help improve the value of a house as well as keep it occupied. Property Management is a commodity now but services that get innovative actually have room to thrive in a recessionary economy.
People are looking for less in terms of quantity (in terms of space, etc) and more in terms of sheer quality, which includes efficiency. And that is where the role of the property manager becomes relevant That’s why the hiring trend for property managers is now on the rise, according to recent statistics from several Real Estate sources.
What are the building and renting trends today?
Big things come in small packages, for one thing. People aren’t all that interested in the McMansion today. Along with that, people want their homes to be more functional right from the start. This means more storage space as in more efficient use of total space for the incorporation of storage and it means computer areas, home office space, baby-watching cameras, and other such amenities that were considered do-it-yourself add-ons but are now considered an integral part of the picture before a customer will rent or buy.
Emphasis on the kitchen as the overall core of activity in the house is another trend. It used to be that the living room took precedence – not true anymore. Much of human life centers around preparing and eating food. A nicely laid-out modern kitchen can contain music, TV, and eating space, and space for laptop computers.
And, finally, green is gold today. Property management today needs to know how to make maximal use of outdoor space like a deck or patio and know how to fit a house with the latest in affordable “greenware”.
At William Douglas, they provide the full range of property management and financial services, with a prime focus on communications with the Boards of Directors and the individual membership. Everyone at William Douglas Property Management prides themselves on providing proactive property management – the quality that separates us from the pack.
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