6 Tedious Property Management Task In The Multifamily Industry

 
 
6 Tedious Property Management Task In The Multifamily Industry
6 Tedious Property Management Task In The Multifamily Industry
 
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Real Estate
Woodlyn Schwartz
Property Management

Industry:
Real Estate

Location:
Philadelphia - Pennsylvania - US

PHILADELPHIA - Jan. 20, 2016 - PRLog -- For most property managers, the number one task that takes the most time from their day varies.  Based on the statistics of an quarterly survey, The Schwartz Real Estate Insurance Research Center found that property managers spend on an average of 26 hours per week solving problems that arise from residents. That’s roughly 10x times more frequent than the average engagement observed from traditional property managers.

The feedback from over 5,000 participants has demonstrated the tedious process of insurance issues can sometimes cut into the day-to-day activities of property managers the most. Here are the highlights from the latest reports:

• Marketing        18%
• Maintenance        27%
• Residents Move In/Out     13%
• Insurance Issues       30%
• Leasing          7%
• Calls & Emails    5%

Many property managers are seeking better options, through specific technologies, negotiating with different vendors, or hiring more staff to accommodate the high demands of their residents.

“At Woodlyn Schwartz, we understand that some of the most tedious tasks in a multifamily situation --- comes from solving the problems that arise from residents, neighbors, maintenance, and insurance issues. None of this can be automated. It takes a real person” said Artie Woodlyn III, Founder and CEO at Woodlyn Schwartz. Many complexities of managing multifamily properties with multiple systems, numerous vendors, and manual hand-offs can create errors and delays that can cause harm to a company’s reputation.

Mr. Woodlyn continued, “A social layer within Woodlyn Schwartz help property managers engage their residents and insurance experts at the same time via their preferred networking platform – whether it’s social media, sms, phone call, or a simple email. We create greater accountability, which is an essential ingredient to added value. Woodlyn Schwartz simplifies insurance issues in a way property managers, residents, and companies are familiar with − to make insurance processes simple, convenient, and almost error proof.”

Time matters, and having a company to provide a real person – face to face experience for you makes all the difference.

Woodlyn Schwartz offers three distinct programs for property managers called, Multifamily Masters, Real Estate DNA, and REIT Masters. These flexible, customized and tailored services, also unique to Woodlyn Schwartz, provide property managers with a business partner who knows both the implications and importance of resident retention.

About Woodlyn Schwartz

Woodlyn Schwartz is a premier insurance and advisory firm that strives to provide solutions that create lasting value for our clients, the companies we partner with, and the communities in which we work. We do this by using extraordinary people and flexible services to help companies solve problems. Our risk management businesses, include insurance-related products and services focused on commercial, multifamily, residential, affordable, student, senior, industrial, and retail markets, all on a global basis.

Further information is available at www.woodlynschwartz.com. Follow Woodlyn Schwartz on Twitter @WoodlynSchwartz (https://twitter.com/WoodlynSchwartz)

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The Schwartz Real Estate Insurance Research Center
***@woodlynschwartz.com
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Source:Woodlyn Schwartz
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Tags:Real Estate, Woodlyn Schwartz, Property Management
Industry:Real Estate
Location:Philadelphia - Pennsylvania - United States
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Page Updated Last on: Jan 21, 2016



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