For this week, let’s focus on lease break-up fees and ancillary income.

1. With lease break-up fees…what are your company policies and procedures? Have you made any changes to your lease break-up fees this year? What are you plans for late fees going into 2014?

#2. In your market—how are your direct/local competing properties handling their lease break-up fees? What kind of feedback are you hearing from your renters about these fees?

#3. What kind of training do you give to those on your property management team about how you want them to handle their lease break-up fees? Do you give them some room to negotiate onsite when they are working with their residents?

Related to the points/questions above…what post, question and/or observation might you add to the discussion threads below—as an industry leader?logo=ai=200-nobackground

Industry Knowledge, Ancillary Income
http://www.linkedin.com/groupItem?type=member&qid=feefa48f-324e-44a8-86ce-d67f5126a275&goback=.gna_36805&item=273812772&gid=36805&view=

Industry Knowledge, Employee Policy & Procedure Manuals
http://www.linkedin.com/groupAnswers?viewQuestionAndAnswers=&discussionID=92109778&gid=36805&goback=%2Egmp_36805%2Egde_36805_member_92127912&trk=NUS_DISC_Q-ttle

Surf the url below for 15+ ways to create more ancillary income + join an upcoming webcast to learn more about industry best practices and fast-moving new trends/strategies, http://www.powerhour.com/propertymanagement/ancillaryincome

Your LinkedIn group owner/moderator
Patricia McLoughlin

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For the list of the Best 105 Property Management Industry Knowledge discussions with 13,500+ posts/comments already made, surf here: http://www.powerhour.com/propertymanagement/linkedingroups.html#iklogobanc222

For 5 property management audio courses, 3 books and live weekly leadership academy–surf here, http://powerhour.com/propertymanagement/booksandcourses

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