5 Qualities of Highly Successful Property Managers

The following habits, qualities, and characteristics are shared by highly successful property managers everywhere, but they don't appear by accident or luck. These are developed habits built by years of dedication, and deliberate purpose.

1. Willpower

Successful property managers have the ability to see their projects through completion. The greatest property managers have stayed focused on their goals and been consistent in their efforts. Strong property managers do not procrastinate and allow distractions that prevent them from achieving their purpose. They stay completely focused and assert strong willpower towards successful achievement.

2. Humility

Humility is the key quality and component of their personality. Successful property managers are not driven by their egos and do not care about always being right. Although they strive for success and achievement, their primary concern is not attaining affluence or power. Their humility allows them to passionately strive toward making a positive contribution to society. Their main concern is keeping their clients and residents satisfied, and receiving satisfaction from contributing towards the happiness and safety of others.

3. Curiosity

One habitual quality of successful property managers is curiosity. By nature or self-discipline, property managers possess an extraordinary amount of curiosity. As observant professionals, property managers always look for better and more innovative ways to accomplish their goals. Successful property managers do not hesitate to ask questions, undertake research, and search for more efficient solutions.

4. Drive

Highly successful property managers possess an ambitious and driven personality, with an innate desire to achieve success. They are preoccupied with growing and improving, and avoid distractions. They are obsessed with achieving objectives, and go above and beyond to satisfy their clients and residents needs. They will go to seminars, conduct research, join associations, and dedicate themselves to discovering innovative solutions. Successful property managers stay focused on their goals, and stay consistent in their efforts to achieve.

5. Communication Skills

Powerful communications skills are necessary to becoming a successful property manager. Highly successful property managers communicate thoroughly, clearly, and efficiently with both clients and residents. They work to communicate and pay attention to the communicators around them. Most important, successful property managers hear what isn't being said, and discover solutions before problems arise. Clients and residents feel comfortable and secure when communicating with a diligent, comprehensive property manager. When communication is present, trust and respect follow.

4 Ways to Upgrade Your Properties to Attract More Renters

When planning to upgrade your rental properties, maintaining low costs is usually a large consideration. Using the highest quality materials for the lowest price allows excess profitability and enormous benefits. Luckily, there are numerous ways to upgrade and enhance your existing renal properties in an affordable manner, which still brings in new tenants and immense resident satisfaction.

1. Replace Old Doors

Doors tend to become damaged fairy quickly, especially in rental properties. The majority of real estate investors ignore the damage entirely, or repair the damage inadequately with touch-up paint. Replacing old doors with brand new ones dramatically increases the visual appeal of a rental unit, for an affordable price.

2. Add Kitchen Backsplashes

Backsplashes bring both value and powerful visual appeal to your rental properties. Backsplashes are both durable and easy to maintain. Be careful when choosing a backsplash however; trendy backsplashes can look outdated and unappealing in the future.

When choosing a backsplash, find an affordable look which is both timeless and classic. Avoid trendy, bright colors and patterns. Neutral colored tiled and white subway tiles are both enduring in style and elegance. Frosted turquoise or lime green tiles might be trendy now, however these colors will outdate your property in the near future, and discourage rental tenants. Neutral tiles bring both elegance and tranquility to the ambiance of your kitchen.

3. Install Wood Flooring

Replace all carpets with gleaming hardwood floors. Carpets are never a good option for rental properties. Carpets quickly show damage, and appear dingy after minimal wear and tear.  Replace all carpets with gleaming hardwood floors. Wood flooring is more affordable and easier to maintain. Rental tenants typically prefer wood floors, since they are universally attractive and give the tenant freedom to decorate the apartment with rugs. Wood flooring is also highly cost effective; wood flooring rarely needs to be replaced, and fairy easy to fix when necessary.

4. Upgrade Bathroom Fixtures

Upgrade bathroom fixtures to give your rental property a taste of elegance, and your tenants a mini spa experience. Invest in modern bathroom fixtures and install timeless ceramic tiles. Install a glass shower to give your tenants a luxurious, enjoyable atmosphere.