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All Forum Posts by: Alex Rehman

Alex Rehman has started 8 posts and replied 85 times.

Post: Importance of Digital Shift in Property Management

Alex RehmanPosted
  • Property Manager
  • Cleveland, OH
  • Posts 89
  • Votes 74

Technology is revolutionizing Property Management, shifting operations from manual to digital, and enhancing efficiency. This digital transformation gives companies a competitive edge in a tech-driven market. Adapting to these trends is crucial for staying relevant and successful. This discussion underscores the importance of embracing technological innovations in Property Management.

Adopting comprehensive software solutions is one of the most impactful changes in the Property Management sector. Platforms like AppFolio, LeadSimple, ShowMojo, Z-inspector, etc, have become indispensable tools for managers, offering a one-stop solution for tracking rent payments, managing maintenance requests, and automating many day-to-day administrative tasks. Technology has transformed communication between property managers, tenants, and owners. Digital platforms facilitate instant messaging and email notifications, informing everyone about important updates, maintenance schedules, and policy changes.

Features:
1- Smart/Digital Locks
2- Virtual Tours / Online Leasing
3- Online Property Inspection
4- Online Portals for Tenants and Owners to check real-time statements
5- Online tenant screening
6- Secure Online Payment Gateways
7- Online maintenance requests
8- Online Marketing

So, technology and software have revolutionized Property Management, simplifying tasks, improving tenant relations, and maximizing asset efficiency. These advancements enhance workflows and tenant experiences, with AI, IoT, and other technologies set further to elevate convenience, efficiency, and sustainability standards.

Post: Local Market Feedback

Alex RehmanPosted
  • Property Manager
  • Cleveland, OH
  • Posts 89
  • Votes 74

It's great to hear that you are diversifying your portfolio. Canton & Akron both have affordable housing prices and relatively stable rental markets. We'd love to assist you in acheiving your investment goals.

Post: Cleveland Property Management

Alex RehmanPosted
  • Property Manager
  • Cleveland, OH
  • Posts 89
  • Votes 74
Quote from @Karen Gomez:
Quote from @Alex Rehman:
Quote from @Matthew Weaver:
Quote from @Bob Stevens:
Quote from @Julie Mistretta:

Hi! Looking for some advice from fellow investors in Cleveland. 

I have been having a hard time over the last 2 years finding a decent property manager. My previous property management kept inaccurate books, was unreliable with owner draw, and placed an unqualified tenant that has taken me a year + to get evicted (still an ongoing process). I finally switched to a new company in Jan 2023. Im getting several red flags, poor communication, took 3 weeks to post a 3 day eviction and then another 4 weeks to file paperwork with the court. I am paying for landscaping services and my long term tenant was reached out to me to let me know the PM has never been to the property for landscaping etc, etc... 

Cleveland has been a rough go for us in terms of finding good help; but I still believe in the potential of this property. I have feelers out on Realty Now and Cleveland Property Management group as potential new PMs. 

Any suggestions of reliable PM in the area? Duplex is located in the Euclid area. 

Thanks!

Julie 


 I know them all as I have done 100s and 100s of deals out there. happy to recommend, 


 Hey Bob,

Im looking for a PM for Woodhill Homes and 44105 area. Do you mind sending me any ideas that'll serve those locations? 

HI Matthew, please check your inbox.




I am in the same boat. Any suggestions of reliable PM in Cleveland area? Please

Thanks!

Karen


 Please check your inbox

Post: CMHA “Payment Standard”

Alex RehmanPosted
  • Property Manager
  • Cleveland, OH
  • Posts 89
  • Votes 74

The CMHA payment standard refers to the maximum amount that the Cleveland Metropolitan Housing Authority (CMHA) is willing to subsidize for housing assistance programs, such as the Housing Choice Voucher (Section 8) program. This standard can vary depending on factors such as location and unit size. In essence, it represents the maximum rent that CMHA is willing to pay for a particular property.

Renting to CMHA tenants can indeed offer potential upsides, such as higher rents compared to market rates in some cases, as CMHA may be willing to pay above-market rates to ensure tenants have access to suitable housing. Additionally, rental payments from CMHA are typically guaranteed, providing a reliable and steady income stream for landlords.

However, it's important to consider the potential downsides as well. While CMHA tenants may offer guaranteed rent payments, there may be additional administrative requirements and inspections involved in the process, which could lead to some additional headaches and potential delays in receiving rent payments. Additionally, there may be limitations on rent increases and lease terms when renting to CMHA tenants.

Ultimately, the decision to rent to CMHA tenants depends on your individual preferences, risk tolerance, and investment goals. It's essential to weigh the potential benefits against the additional responsibilities and considerations involved in renting to CMHA tenants to determine if it aligns with your objectives. If you have any further questions or would like to discuss this further, please don't hesitate to reach out. Thanks.



Post: New investors looking into Cleveland market

Alex RehmanPosted
  • Property Manager
  • Cleveland, OH
  • Posts 89
  • Votes 74

@Shane Davis Hello. Please check your inbox. Thanks.

Post: New Section 8 Investor in Ohio

Alex RehmanPosted
  • Property Manager
  • Cleveland, OH
  • Posts 89
  • Votes 74

Hi, @Matin Tabibian please check your inbox to connect for PM services. Thanks.

Post: Looking for good property management company in Cleveland OH

Alex RehmanPosted
  • Property Manager
  • Cleveland, OH
  • Posts 89
  • Votes 74

Hi @Sanjay Sharma, check your inbox to connect. Thanks.

Post: In need of a property manager

Alex RehmanPosted
  • Property Manager
  • Cleveland, OH
  • Posts 89
  • Votes 74

@Anthony Roberts, please check your inbox, thanks.

Post: How a low Management fee helps PM companies and Investors!

Alex RehmanPosted
  • Property Manager
  • Cleveland, OH
  • Posts 89
  • Votes 74

In the realm of property management, striking the right balance between affordability and quality of service is paramount. Low management fees can be highly effective in attracting clients and optimizing profitability without compromising service quality. By implementing streamlined processes, leveraging technology, and prioritizing efficiency, property management companies can minimize overhead costs and pass on the savings to clients through competitive pricing structures.

Low management fees not only make property management services more accessible to a wider range of clients but also contribute to long-term client satisfaction and loyalty. Clients appreciate the value proposition of receiving high-quality services at affordable rates, fostering positive relationships, and increasing the likelihood of repeat business and referrals.

Moreover, low management fees incentivize property management companies to innovate and optimize their operations to maintain profitability continuously. This drive for efficiency often leads to the adoption of cutting-edge technology, improved communication channels, and enhanced customer service, all of which contribute to an overall superior client experience.

In essence, the effectiveness of low management fees lies in their ability to deliver cost-effective solutions without sacrificing the quality of services provided. By offering competitive pricing structures coupled with exceptional service delivery, property management companies can establish themselves as industry leaders and preferred partners for property owners seeking value and reliability.

Check out our services at B2B Realty
CLICK HERE TO CONNECT.

Post: Reputable Property Management in Cleveland, OH

Alex RehmanPosted
  • Property Manager
  • Cleveland, OH
  • Posts 89
  • Votes 74

Hi @Ally Shroff please check your inbox to connect.