Monthly Archives: August 2018

How to Hire the Best Team to Grow Your Property Management Business

Kathleen Richards is the kind of coach who stands around in a headband and a whistle, screaming drop and give me twenty! And when you’re done with your push-ups, she’ll have you run a few laps just because.

No, not really.

But she is the kind of coach entrepreneurs like you need. She’s focused, goal-oriented, and not afraid to tell property managers how to grow their businesses in a way that makes sense. Because what matters is not the number of doors you manage – it’s the number of doors you manage well.

Check out the podcast this week where she talks about how to balance a team, who to hire, and how to hire – even if your bottom line isn’t as healthy as you’d like it to be.

Stop trying to do it all yourself.

The podcast will have y… Continue Reading How to Hire the Best Team to Grow Your Property Management Business

Podcast – Alex Q&A

What is your company’s purpose? It shouldn’t be profit. That’s an outcome – not a purpose.

What are you spending your revenue on? Are you putting profits in your pocket or re-investing in the business?

These are intriguing questions, and only the tip of Alex Osenenko’s iceberg.

In The Property Management Show’s latest podcast, Alex selects and answers a few questions that are relevant to a lot of property managers who are trying to grow their businesses.

You’ll want to check out this Q&A if you’ve been struggling to grow, if you’re not sure how important it is to invest in sales and marketing, and if you admire the best of the best in property management, and you want to be just like them.

Alex might hurt your feelings. He might … Continue Reading Podcast – Alex Q&A

How Owner Education Events Will Grow Your Portfolio

Are you making your property management clients feel special? Do you give them a reason to brag about you?

People like to be part of the club. They especially like to be part of the A-list. You can give them what they want by inviting them to a members-only type of event that educates them on real estate investing and property management.

On this week’s Property Management Show podcast, Alex talks to Steve Rozenberg about a unique thing he’s doing: an Owner Education Series.

Steve and his team at Empire Industries have begun putting together educational events for their preeminent clients. These events serve a number of purposes, and they can lead you towards more business.

Try it, and you can add value to existing relationships and provide an opening for additional bus… Continue Reading How Owner Education Events Will Grow Your Portfolio

How to Structure your Business to Grow without Growing Pains

Are you clinging to systems that may be hindering the growth of your property management company?

Property management legend Robert Locke joins Alex on this week’s Property Management Show to discuss some pretty big ideas for growth. He also shares a formula that will help your company grow to the next level.

A Lesson in Capitalization

Are you an agent or an Agent?

You’ll learn the difference between a little-a agent and a Big-A Agent on this podcast, and it will make a critical difference to your ability to scale and grow.

You’ll learn that you need to let go of getting permission from and collaborating with your owners.

Yikes!

If you are calling for approval to make every $50 repair, it may feel scary to change your process. But, it’s a requirement for growth. Rober… Continue Reading How to Structure your Business to Grow without Growing Pains

Top-Line Growth and Profit in Your Property Management Business

Top-Line Growth and Profit in Your Property Management Business: How to Navigate the Black Holes

This week’s podcast over at The Property Management Show is going to give you something to think about, especially if you’re teetering on the edge of a black hole.

What black hole? We’ll get to that.

First, you’ll join Alex, who talks to Jordan Muela and Danny Craig about whether or not top-line growth is just as important to property management companies as profit.

If Everyone’s Saying It…it Must be True?

They start by discussing some of the commonly held principles among business owners:

Your business will suffocate without profit.
Growth solves all problems.
You should staff for growth.

These things may be true or they may not be. They may be true when the stars align o… Continue Reading Top-Line Growth and Profit in Your Property Management Business

What We Can Learn from the Failure of Castle Property Management

How would you grow your property management business with a $3 million investment, and what can we learn from the sudden and surprising failure of Castle Property Management?

These two questions may not sound like they logically go together. But they do, as you’ll learn in this week’s Property Management Show podcast.

You’ll also learn about the warm fuzzies.

Storming the Castle

If you haven’t been following the latest news, Castle Property Management was a VC-backed, technology-first property management company in the Detroit area that endeavored to innovate the property management industry by providing on-demand services through an automated platform.
Sounds like a great idea, so why did they crash and burn car-over-cliff style?

Deconstructing Failure

High Chancellor an… Continue Reading What We Can Learn from the Failure of Castle Property Management

Acquiring Property Management Companies: Financing Deals, Finding Deals, and Integrating Processes

Are you the absolute best property manager in your market right now? If your answer is yes, that’s fantastic – keep doing what you’re doing, and consider acquisition as a growth strategy.
If you’re not sure, or if you’ve dropped from 350 doors to 200 doors in the last couple of years, and you don’t have the heart to reverse that cycle, maybe it’s time to sell your company while it still has value.

That’s what Mike Kalis proposes, and he tells Alex about his process for acquiring property management companies of all shapes and sizes on this week’s Property Management Show podcast.

Mike is the CEO of Marketplace Homes, a company managing 3,100 doors in 19 states. Together, they broke down the three challenges of acquiring management companies:

– Hey, Big Spender: Fina… Continue Reading Acquiring Property Management Companies: Financing Deals, Finding Deals, and Integrating Processes

Achieving Growth with Old Fashioned Service

Achieving growth with old fashioned service: A female entrepreneurs guide to navigating the property management industry

As a property management entrepreneur, are you getting the right advice?

The success of your property management company often depends on the experts you seek.

Melissa Prandi has owned her own property management company for over 30 years, and she’s doing some of the same things she has been doing since day one because it works.

In this week’s Fourandhalf podcast, Alex will tell you to take Melissa’s advice, and once you listen to what they talk about, you’ll know why. Here’s a preview of coming attractions.

Education is Part of Your Hustle

When she was starting out, Melissa took the same class more than once because of what she learned from the ot… Continue Reading Achieving Growth with Old Fashioned Service

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