In the property management industry, there are many new trends which Donato Nicolo, the leader of Meadowbrook Financial Mortgage Bankers Corp, uses to his advantage. In the past, many property management professionals and businesses simply served as rent collectors. As the field expands, these roles become more detailed as professionals are shouldered with greater responsibility.
Property managers who wish to keep up with the times must learn to contend with many outside forces that are beyond their control. Depending on where a property is located, there may be specific licensing requirement or lender regulations that must be accounted for. Other outside forces can include insurance regulations, new government legislation, taxation issues, and environmental concerns.
Changing trends in technology, including the latest server innovations for businesses, are seeing property managers conduct their business in new ways. From going paperless in the office to using social media for marketing and advertising, technology plays a big part in successful property management. The most current software programs available can give property managers a wealth of useful tools and information. One such example are programs that calculate the energy requirements for a property. Knowing what costs the tenant will face from energy consumption allows for a smarter estimation of expected rent.
Aside from his role as President of Meadowbrook Financial Mortgage Bankers Corp, Donato Nicolo knows that packaging is a trend in property management that will continue to grow in importance. A potential tenant who is looking at two different properties, with all interior aspects and price being equal, will choose the property that has more and nicer exterior features.
Meadowbrook Financial Mortgage Bankers 