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Keep in mind the six M's of community management

Article Abstract:

Community owners must manage their main resources properly if they wish to maximize income and minimize expenses. Married couples are often good hired manpower, and workers must be competent and already possessing hand tools. Appropriate water meters and waste-water disposal must be studied. Bidding is suggested for outside vendors' expensive products or services, as contractors must certify insurance. Rents should be collected by drop-box or mail. Leases and recently bankrupt residents are insignificant. Employees' rent, salaries, petty cash, contracts and incentives must be carefully analyzed. Commitment to residents, legal awareness and a solid office must always be present.

Management, Community organization

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Seven steps toward maximum ROI

Article Abstract:

New property managers can attain a successful real estate investment by following the concept of maximum return on investment approach to professional property management. Effective strategies include using attractive ads in local newspapers, disseminating property-specific brochures where consumers are commonly seen, and mailing apartment dwellers, newlyweds and retirees. Effective marketing and leasing can be attained by making an appointment with interested and qualified telephone inquirers.

Marketing Management, Methods, Marketing, Modular houses, Return on investment, Prefabricated houses, Rate of return

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