CondoPak

5 Common Property Owner Mishaps and How To Avoid Them

It is no secret that Property Owners have a lot on their plates. It’s a tough job to manage the many variables required to keep properties running smoothly.
Below is a list of areas that you can discuss with your clients that commonly result in problems for property managers…
• Documentation/Not keeping proper records – Keeping good records is an important way to avoid any issues in the future. Documenting interactions and resolutions with tenants, vendors and clients is the best way to minimize the consequences of litigation. As a general rule if it does not get documented it never happened.

Hurricane Season is Rapidly Approaching…

The 2019 Hurricane season begins on June 1st! Now is a great time to remind your client’s to review their coverage since hurricane’s are so closely associated with insurance. The hurricane season runs through November 30th, however, most of the storms hit during peak hurricane season which is between August and October. Although each hurricane season is unique, you should prepare the same way every year because these predicted powerful tropical storms wreak havoc on communities when they make landfall. It is beneficial that severe weather such as hurricanes and tropical storms can normally be tracked days ahead of any impact which provides ample time to prepare for a potential evacuation. In spite of such warnings and tracking, each year thousands are left unprepared for these devastating storms and have to deal with their aftermath.

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