5 Reasons Software Implementations Fail (and How to Overcome Them)

According to research conducted by Gartner, 75% of all software implementations fail. A new software ERP that fails to go live means that the time and money invested into selecting a system was wasted and the process needs to begin again. It also leaves teams who were excited for the additional support in their roles disappointed. Here … Read more

The Impact of Positive Reinforcement on Your Team

Positive reinforcement is one of 4 kinds of operant conditioning, also known as instrumental conditioning – a form of behavioral psychology popularized by B.F. Skinner. In theory, operant conditioning is essentially a method of strategic reward and punishment to shape future behavior. The term “conditioning” itself can be alienating to many people, but in practice … Read more

How does Management Impact a Team?

A positive work environment or workplace culture is a key factor in team performance, customer reception, and overall organizational success. People in management roles directly influence employee morale and job satisfaction, so it’s important that managers can, not only understand the job in terms of customers or functionality but step up and be leaders. As … Read more

How Can Your Office Space Impact Your Team?

Many may not realize it, but the workspace your team is given can significantly impact their performance. Investing in a positive work environment means you’re investing directly into your business’s and employees’ success. From productivity and profitability to employee health and retention, the office environment is likely to play an influential role. If your company … Read more

5 Tips for Helping Employees Overcome Isolation Fatigue

The decentralized work environment has become somewhat of the norm for businesses across North America. While there are certainly perks to this flexible work set up, the psychological effects of long-term distance from colleagues in addition to a static environment has resulted in the increase of troubling feeling of isolation fatigue and loneliness. An Igloo … Read more

Are Communication Silos Hindering Team Performance?

Internal communication is an indicator of overall cohesiveness within an organization. High level communication internally, leads to effective communication externally. More often than not, organizations succumb to communication silos, which can diminish internal collaboration and alignment between departments. Communication silos occur when teams only communicate amongst themselves. This can occur horizontally, between different departments within … Read more

5 Reasons to Adopt an Internal Communication Platform

Deciding to invest in property management software is a big spending decision. Organizations need to ensure that they will see a significant return on investment. When evaluating a software platform, executives should heavily consider the system’s effect on internal communication, because the state of team connectivity and collaboration can influence performance in every other area … Read more

How Capitalization Rate Provides Insight into Your Properties?

The capitalization rate, sometimes referred to simply as the “cap rate,” is a concept that’s fundamental for anyone buying into real estate for commercial purposes. The cap rate is used in real estate investing to provide a clear ROI of properties. It’s typically depicted as a percentage and its value can vary over time. Cap … Read more

Growth vs Profitability: Does your Business Need to Pick a Lane?

Growth vs Profitability: Does your Business Need to Pick a Lane?

Growth vs Profitability: Does your Business Need to Pick a Lane? When small to medium sized property management companies are looking to strengthen their industry foothold whether they’re just starting out or revaluating their strategy, businesses often have to choose between growth or profitability focus. Because of the crowded nature of the property management industry, … Read more

7 Areas ERPs Can Reduce Costs for Property Management Companies

Reduce Costs for Property Management Companies

7 Areas ERPs Can Reduce Costs for Property Management Companies. To improve profitability, some people may elect to increase revenue sources by introducing additional products or services to their offering. To ensure revenue translates to true profitability, organizations must additionally reduce costs. Essentially, this process comes down to a careful evaluation of which business expenses … Read more