As with any business, the name of the game is investment. How do you invest your time? How do you invest your capital? How do you invest your workers’ time? The best businesses know where and when to invest their time and money to yield the best returns. It’s all about getting more out of an investment than you put in. Property management is no different. It would be nice to have unlimited funds and build palaces for apartment complexes that never have any maintenance problems and all the tenants are happy, but for those of us in the real world, we need to put our limited resources where they can do the most good for the business and for the customers.
As any good property manager knows, tenants are the customers that matter. Without their approval and general goodwill, a property management company cannot function. Taking care of all tenant issues and problems should be the property manager’s first priority. Great property managers also take the time to allocate resources into improving the properties they manage and provide for the happiness of tenants to come. Investments made now to improve property will yield great returns for the company in the future.
Christopher Prashad is a property manager in Jamaica, New York who always tries to satisfy his stakeholders and his customers. Prashad constantly works to create the best living environments for his tenants and invest his company’s assets in ways that make sense for the future of the company and the community as a whole.
As any good property manager knows, tenants are the customers that matter. Without their approval and general goodwill, a property management company cannot function. Taking care of all tenant issues and problems should be the property manager’s first priority. Great property managers also take the time to allocate resources into improving the properties they manage and provide for the happiness of tenants to come. Investments made now to improve property will yield great returns for the company in the future.
Christopher Prashad is a property manager in Jamaica, New York who always tries to satisfy his stakeholders and his customers. Prashad constantly works to create the best living environments for his tenants and invest his company’s assets in ways that make sense for the future of the company and the community as a whole.