6 Solutions for Great Property Management.
As a property management company, your focus is not just on providing what tenants will sign leases for, but also for doing so in a way that continues the best profitability because of best management practices. These 6 items will help you keep an eye toward this goal.
- Draft and execute accurate property management agreements at the inception of the relationship with the lessee. Set expectations and boundaries up front to make sure clarity of terms is established.
- Use clearcut language on a hold harmless provision. Include a broad indemnity provision that provides a clear means for termination upon noncompliance.
- Take time to visit and inspect the property before accepting responsibility for it. Moreover, ascertain the property manager is a named beneficiary on the property owner’s insurance policy. Use a respected data screening service for information and background checks, such as http://Data Screening.com
- Hire experienced people. Make sure the property management team has formal training and knowledge of property management laws such as fair housing regulations, the ADA, and security deposit accounting rules.
- Have a program in place for continuing education which includes participation in trade groups, seminar attendance, maintaining a close relationship with a law firm and continuing online education at sources like propertymanager.com
- Prevent losing good employees due to dissatisfaction with compensation. Attrition is costly. Well-trained people are worth paying for as they will save the firm money over time. Pay them competitively, especially when they are motivated to learn more to improve their performance.
About DataScreeening.com
Data Screening is a Certified Women’s Business Enterprise that has offered business-to-business employment and tenant screenings to human resource professionals and business owners, including staffing companies, for two decades. Among other organizations, they are members of the ASA (American Staffing Association), SHRM (Society for Human Resource Management) and the NAPBS (National Association of Professional Background Screeners).
Rescreen Employees?
Life happens. During even a short period of time, difficulty can strike an employee and cause him or her to push the limits. Consider Mr. B – who had an acceptable screen before hire, but then poor decision-making and money troubles led his wife to file for divorce. Mr. B began missing work as assistant manager of a drug store, and then certain inventory went missing, too.
While background checks are often performed before employment, it can also be helpful to re-screen employees on a periodic basis to keep a check on other things: workplace performance, safety, misconduct, and theft, to name a few. Rescreening provides an employer peace of mind that an employee is adhering to company policies and procedures.
3 Reasons to rescreen current employees
- Employers invest in hiring, onboarding and paying employees. They also represent you and your company when they interact with customers and vendors. If the misconduct occurred while on company time, the only way to know might be to rescreen the individual. An annual rescreening procedure should validate the importance and protect your investment.
- Promotions and new job responsibilities would require rescreening of employees. In fact, a new position may require screening for aspects that the former position did not.
- Mistakes can happen in which employees slip through the cracks. They may not have been properly vetted upon initial hiring or were hired under a different set of criteria. Whether hired by a manager who has since moved on, or for some other innocent reason, an employer can reduce risk by annual re-screenings of employees.
Be smart about rescreening and use a reputable professional agency such as Data Screening. A professional firm is not only familiar with the status of laws but also can offer you specific package requirements depending upon your screening needs.
About DataScreeening.com
Data Screening is a Certified Women’s Business Enterprise that has offered business-to-business employment and tenant screenings to human resource professionals and business owners, including staffing companies, for two decades. Among other organizations, they are members of the ASA(American Staffing Association), SHRM (Society for Human Resource Management) and the NAPBS (National Association of Professional Background Screeners). How may we help you today?