07/18/2023 - Compliance and Efficiency Strategies

On our Property Management Call, Matt Perry kicked off the discussion by asking everyone if they were experiencing an increase or decrease in housing demand in the market. They also discussed the rise in squatting and non-payment and what the best course of action is at this time to get ahead of the situation. He also added various processes and softwares for maintaining security deposits to maintain compliance with regulations. He also touched on how to ensure when work is needed to be done from a vendor management perspective. Specific topics are discussed as well, such as:

· What methods or approaches have you found to be successful in resolving the issue of the growth in squatting and non-payment in your portfolio
· In your property management operations, what procedures or software programs have you put in place
· What procedures or software applications do you employ to facilitate communication and monitor progress between customers and suppliers
· How do you verify and track the completion of work in Vendor Management Process
· What steps have you taken to anticipate and prevent potential issues related to squatting and non-payment
· What features or functionalities of software solutions or platforms is most beneficial for streamlining these processes
· What are some best practices or tips you can share for maintaining compliance with regulations while managing security deposits
· How to you strike a balance between cost-effectiveness and maintaining quality when it comes to vendor management and work orders