Residence Discounts: Negotiation and On-site employees
Residence Discounts: Negotiation and On-site employees
Posted 13 hours ago

  Residence Discounts Introduction Recruiting a talented employee is one of the most important investments that a company makes. These employees not only provide superior services to the customers but are always ready to grab the opportunities for personal and professional development. But a company’s job does not end on…

Residence Discounts: Negotiation and On-site employees
Purchasing a Multifamily building – Part 1
Purchasing a Multifamily building – Part 1
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  Purchasing a Multifamily building Every family, either small or big, wishes to have their own home. A place where they can belong to and can call home. While, purchasing a house for a single family is easy but it altogether is a different story when it comes down to…

Purchasing a Multifamily building – Part 1
SparkRent for rent collection: Why SimplifyEm Pay Rent is an alternative?
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  SimplifyEm Pay Rent is an alternative for SparkRent Users SparkRent’s recent shutdown has left many of its customers – landlords, property managers and tenants – bewildering as to what to do now. Although, the company is transferring its users to switch to QuickBooks, the service is not affordable and…

SparkRent for rent collection: Why SimplifyEm Pay Rent is an alternative?
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Residence Discounts: Negotiation and On-site employees

by Property Management Software on February 26, 2015


Residence Discounts
 
Residence Discounts

Introduction
Recruiting a talented employee is one of the most important investments that a company makes. These employees not only provide superior services to the customers but are always ready to grab the opportunities for personal and professional development.

But a company’s job does not end on finding a good employee, it is also their duty to keep them happy and offer such employees with discount on the rent rate.
In this post, we will take a look at how such small gestures can be beneficial for the employees and how the company can benefit from them.

  • Lease rate negotiation

  • Following are essentially the benefits of the negotiated discount:
    1. Employee gets the opportunity to save the money.
    2. Being below the market rate, the company still gets to generate the revenue.

  • Categories

  • Employee residents can be categorized in the following categories:
    a. Required
    b. Encouraged
    c. Allowed
    Depending on what role each employee assumes after hours, paid housing and some benefits as a package can be a good option. This way, if your company has a contract that claims 24 hour coverage, the employee can help the company in meeting the contractual terms.

    Required residency
    These contracts often allow the employees to customize the unit either at the company expense or with their own money. The benefit package can provide them with the renters insurance, utilities, private parking and other advantages.

    Encouraged
    Motivating employees to live on site for the 24 hour service claim is less expensive. On-call agreements generally calls for the 20-30% reduction in the rent based on the market value. Be careful enough to realize that the discount on rates is not motivating you violate labor laws for overtime pay. Make sure to check with the attorney that by employing someone for after-hours is not making you stand against the labor laws.

    Resident managers and on site staff can keep a closer look at the owner’s assets

    Research is required before giving employees the discount. Talking to the other managers in your locality will help you figure out their policies in these matters. Don’t forget to evaluate your own policy and its impact on the employees. Providing discount might not be sufficient and generally additional compensations are required.

    Conclusion
    On-site residence contracts must be beneficial to both the employees and the other residents. And an in depth analysis of the situation is required before taking a step further in this regard.

    To know more how SimplifyEm Property Management Software can help you, visit this link: http://www.simplifyem.com/property-management-software

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    Purchasing a Multifamily building – Part 2

    by Property Management Software on February 26, 2015


    Purchasing a Multifamily building
     
    Purchasing a Multifamily building

    Introduction
    In the first part of the series, we saw two out of some number of important points that everyone must look into depth before making the purchase of multifamily properties. In this second part, we will explore the rest of the points that one should ponder over.

    3. Homo sapiens in the building
    Take a good look around to see what other people are already living in the building. This will also give you an idea as to buy or not buy the building. Determine the position of the building in respect to malls, school, colleges, stations and bus stands. Being more close to colleges may suggest that it is a student area where regular parties are no big deal. Another point is to think that who will be the neighbor of your tenants because tenant may not consider you buying the property in that location as a wise decision.

    Also, do not forget to check for animal guidelines. Make sure you are clear about the guidelines regarding keeping the pet and what kind of pets are allowed so that you can tell the tenants what can they have and what they cannot.

    4. Property Management staff
    These people are responsible for the portions that are not occupied by anyone. Make sure they are honest and have no other intentions. Also, make sure that other residents are following the management rules and repairs are being done on time. A broken elevator will lower the value of your investment. Make sure that the staff is responsible and caring.

    5. Security deposits
    When you are satisfied and ready to purchase the multifamily building\apartment, you will be required to pay some extra amount as a security deposit. Check the purpose for the security deposit and keep in mind that it is meant to put in interest-bearing account and must be returned to you with interest when you leave the building. Make sure that the clear purpose, conditions in which the deposit will be returned to you and in which it will not are clearly mentioned and you understand them.

    Conclusion
    All in all, you are buying a property which someone else will occupy. So, keeping their interest in mind, while purchasing the property, should be paramount.

    To know more how SimplifyEm Property Management Software can help you, visit this link: http://www.simplifyem.com/property-management-software

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    Purchasing a Multifamily building – Part 1

    February 26, 2015

      Purchasing a Multifamily building Every family, either small or big, wishes to have their own home. A place where they can belong to and can call home. While, purchasing a house for a single family is easy but it altogether is a different story when it comes down to buying a house for the […]

    Read the full article →

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    February 26, 2015

      SimplifyEm Pay Rent is an alternative for SparkRent Users SparkRent’s recent shutdown has left many of its customers – landlords, property managers and tenants – bewildering as to what to do now. Although, the company is transferring its users to switch to QuickBooks, the service is not affordable and does not even provide the […]

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