Many properties will have a space that is the perfect venue for hosting events. Whether this is a community barbecue during the summer, or a property Christmas party, there are many benefits that are inherent to hosting property events. While it may be a little more of an expense, it’s often a small price to pay for the bridges that this can build between landlords and tenants. Here are some of the benefits of hosting tenant events on your property…
Build community on your property
We live in an age where we are less and less connected with the people who live around us, despite being well-connected with the rest of the world. This makes for a less enjoyable living experience for tenants. However, nothing brings people together like a summer barbecue where tenants and their kids can enjoy each other’s company. This community building experience helps create a safer environment, and one where tenants begin to trust each other. It also makes your property a much nicer environment to live in, which means you are providing a better service.
Establish trust with your tenants
One of the most important elements to managing a property is being able to create an open line of communication with tenants. If a landlord and their tenants can communicate with each other without a level of distrust, then it creates a better experience for everyone. Oftentimes, just having this line of communication open will help people manage their problems much, much better, and at less cost to you. Having these community events is a way to open this line of communication and establish trust with tenants by getting them all together and getting to know them.
Creates a better image for you
The stereotype of a property manager is a faceless entity that controls the lives of their tenants. However, this image doesn’t have to be the one that persists. By hosting community events, a landlord is opening themselves up to the community experience that they are trying to create, which builds a new image as an actual human being that tenants can interact with. It is much easier to communicate issues and problems with tenants if they can see you like how they see their peers; as just people.
Becoming a green company is almost like a passage of rite in the business world of the 21st century. Even Wal-Mart has had their own green revolution, which saved millions of dollars and created a new face for a company who has frequently struggled with its public image. The property management industry is no exception, as there are several benefits of going green with your property. Being environmentally friendly is a great PR move, and is actually able to help businesses save on energy costs and taxes. Here are some tips on how to be sustainable and green in property management… (more…)