12/19/2023 - Futureproofing Rentals: Strategic Insights in Property Management

On our CG Property Management Call, the group focused on 2024 leasing trends and addressed challenges in tenant screening. The group proposed post-viewing application charges, discussed Shimojo for property management, and explored alternative methods like group showings. Advice was given on rejecting applications, and concerns about team structure were raised. The session emphasized the need for a balanced tenant vetting process, clear communication, and cross-training for an expanding company. Specific topics are discussed as well, such as:

· How can the leasing and renting market be predicted for 2024?
· How do the challenges of tenant screening affect the property management process?
· How might a new approach to application charges, post-unit viewing, improve tenant interest?
· How can Shimojo be effectively utilized in property management?
· How do group showings offer a solution for high-demand properties?
· How should rejection of rental applications be handled for combative applicants?
· How can honesty and the option of a co-signer alleviate concerns in the rejection process?
· How does the current team structure pose challenges as the company expands to 700 units?
· How would a higher-level meeting address issues and keep the team informed?
· How can a balanced tenant vetting process ensure high-quality tenants in property management?