Comments on: How does market research apply to property management? http://www.mrcworld.com/how-does-market-research-apply-to-property-management/ Fri, 30 Jul 2010 00:26:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: HEATHER http://www.mrcworld.com/how-does-market-research-apply-to-property-management/comment-page-1/#comment-68 HEATHER Mon, 25 Jan 2010 17:55:13 +0000 http://www.mrcworld.com/how-does-market-research-apply-to-property-management/#comment-68 I would take this as the ability to find out what other apartments in the area are charging for similar apartments. They need to know what competitive apartments are charging and for what. Best part of the job, if you ask me. I would take this as the ability to find out what other apartments in the area are charging for similar apartments. They need to know what competitive apartments are charging and for what. Best part of the job, if you ask me.

]]> By: Lisa S http://www.mrcworld.com/how-does-market-research-apply-to-property-management/comment-page-1/#comment-67 Lisa S Mon, 25 Jan 2010 17:33:59 +0000 http://www.mrcworld.com/how-does-market-research-apply-to-property-management/#comment-67 Market research in this case means a basic knowledge of the housing market (rentals) in your area. It might include knowing strategies to improve a complex, or buildings profitability, or how to persuade the tenants to be more timely in their payments. It's not any one skill set, but several. In other words, the days of simply collecting rent are over. But if your mom is a quick study, she might be able to persuade them to give her a try, based on her previous experience. Good luck to her! Market research in this case means a basic knowledge of the housing market (rentals) in your area. It might include knowing strategies to improve a complex, or buildings profitability, or how to persuade the tenants to be more timely in their payments. It’s not any one skill set, but several.

In other words, the days of simply collecting rent are over. But if your mom is a quick study, she might be able to persuade them to give her a try, based on her previous experience.

Good luck to her!

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