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Ask operators about their after-hours coverage, whether that’s a call center or one of the newer AI intake tools, and a pattern emerges fast. The call center is frustrating but familiar. The AI is promising but not quite there. The phrase that keeps coming up, almost verbatim: “It’ll get there.”
Maintenance Is a Financial Strategy. It’s Time to Treat It Like One. For years, property management has treated maintenance as an operational necessity: something to manage, contain, and explain after the fact. But the most forward-thinking operators are starting to see it differently. Maintenance isn’t just a cost center. It’s
Hey all! I’m INCREDIBLY excited about the opportunity to share what will be, one of the most aggressive shifts in property maintenance operations in quite some time. As we talked about at MX Summit , we believed we were in Inning 3 of our industry maturity, but that the next
What Is a Shop Rate? A shop rate is a fully loaded labor rate that represents the true hourly cost of having your internal team complete work. Rather than just reflecting what a technician earns per hour, a shop rate captures the broader cost of doing business and supporting that
For years, property management leaders have relied on instinct: if you keep up with maintenance, residents will stick around. The logic made sense, but the evidence was mostly anecdotal. Was maintenance truly the make-or-break factor in resident retention, or just one piece of a much bigger puzzle? Now, the answer
Rapid City, SD – [January 14] – Property Meld, the leading property maintenance operations platform, today announced its acquisition of Mezo, a cutting-edge AI software company specializing in residential work order intake, triage and mitigation. This strategic move marks a pivotal moment in Property Meld’s mission to deliver a world-class
In today’s rapidly evolving rental market, property management professionals are navigating challenges that require a new level of adaptability and focus on operational excellence and investor retention. From rising maintenance costs to shifting resident expectations, the stakes have never been higher. At a recent NARPM partner webinar, industry leaders dove
In today’s competitive property management landscape, having a world-class internal maintenance team can be a game-changer. Whether you’re considering transitioning from using external vendors or are just curious about the benefits of bringing maintenance in-house, the insights shared in Justin Mann’s presentation at the 2024 MX Summit will help guide
In the property management world, maintenance plays a pivotal role in keeping residents satisfied and properties in top condition. However, without a reliable system in place, maintenance issues can quickly escalate into legal risks, leaving property managers vulnerable to negligence lawsuits. A dedicated maintenance solution is more than just a
At the recent MX Summit, Brad Johnson, CEO of Profit Coach, took the stage to share his expertise on a topic that’s often seen as a necessary burden in property management but holds immense potential for profitability: maintenance. With his extensive experience in real estate and property management, Brad delivered
According to the 2024 Buildium Property Management Industry Report 90% of property managers surveyed have intentions to expand their portfolios in the years to come. This marks the sixth year in a row that growth is the number one priority for property management companies. This can only be achieved if
As the property management industry evolves, the focus on investor retention has become increasingly crucial. Property owners are not just seeking to maintain their investments; they’re looking for partners who can maximize profitability and minimize headaches. But how does maintenance data fuel investor retention? Maintenance data is a powerful tool
Property owner retention, also known as investor retention, is fundamental to the financial success of any property management company. Why? Studies show that when an investor stays longer, your wallet thickens. For perspective, increasing an investor’s lifetime value (LTV) from 3 years to 5 years can boost profits by up
Over 200 property management professionals gathered in the vibrant city of Rapid City, SD, to tackle maintenance challenges, forge connections, and share laughter during the 2024 MX Summit. The three-day event overflowed with insightful sessions, lively activities, and ample networking opportunities, leaving attendees buzzing with fresh ideas and strategies to
If you’ve ever asked yourself, how do I know when I have to add more people to my maintenance team? You’re not alone. Balancing team members for efficient work without wasting resources is tough. Maintenance analytics are crucial for success. With Property Meld’s Insights Pro Dashboard, property managers can
Experience the next level of maintenance excellence with the unveiling of Meld 2.0. This revolutionary upgrade empowers users with a streamlined interface, delivering comprehensive information with fewer clicks, and expediting tasks for heightened productivity. Beyond its surface, Meld 2.0 paves the way for unparalleled maintenance efficiency and amplified returns
In 2023, nearly 2,000 participants were surveyed to identify industry trends and determine what challenges exist in the property management industry. They identified four main issues affecting property management companies in 2024: Resident retention Investor retention Staffing issues Growth and profitability Property Meld was developed to solve