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A successful career in real estate is based on a holistic view of the market. Understanding the best practices in property valuation, staying attuned to market trends, and mastering the art of managing tenants are essential to success.
Achieving a high-quality living experience to tenants and keeping their concerns at bay requires many hours of work. Maintaining a clear communication channel with tenants, addressing issues related to tenants promptly and making sure that the tenant is in compliance with evolving legal requirements are just some of the tasks that keep real estate managers busy.
Real estate management can also involve managing complex sites and meeting various project goals. The challenges that arise from the complex nature of large-scale projects are even more challenging when managing multiple parties and achieving the goals of the project within budget and on time.
One of the most crucial aspects of a real estate agent’s job is building strong relationships with clients. This involves fostering a culture of transparency and open communication, and also establishing trust over the long-term. This requires a keen understanding of the needs of the client and the ability to develop efficient relationships with a vast variety of service providers, which includes maintenance professionals, repair contractors, and real estate attorneys.
If it’s providing value-added updates and promoting rent rate trends or property value increases, or giving clients advice on how to maximize their investment in real estate, having a solid understanding of the local market is essential. This is why Accruent Lucernex helps real estate managers make the most of their property portfolios. The solution gives real estate managers a complete overview of their portfolio, starting from location identification and sourcing to leasing management, project management accounting and facilities management.